Our client, a leading bank, is looking for a Risk Manager to oversee their capital markets division.
21st July, 2021
Job Description & Synthesis
Manage all Division risk activities in coordination with key Division leaders. The primary responsibility for the Risk Manager is identifying, assessing, monitoring, and reporting all risks related to the assigned Division to ensure limited risk exposure, and timely escalation of risk issues to the Division Executive, Management team, and the1LOD Group Risk & Compliance Manager as applicable. Provides risk expertise while working with the business(s) and other risk programs SMEs to assess risk exposures and control adequacy. The Risk Manager must adhere to the Division Risk Management Framework life cycle. Risk Manager is also responsible for promoting risk awareness within their own Business Unit.
Coordinate and conduct all key risk activities and have a good understanding of all risks affecting the business line.
Act as subject matter expert for the activities performed in the respective division and their associated risk exposures.
Manage and coordinate all risk activities across the Division to ensure material/key risks are identified, escalated, managed, and remediated timely; act as a central point of contact for the Division by working within Risk Program disciplines in coordination with the 1LOD Risk Management Office.
Facilitate the successful completion of annual Business Continuity Planning (BCP) tasks, such as Business Impact Analysis and testing.
Build and Coordinate Quarterly Risk Reports for the respective Division Risk Committee.
Assist/represent the Risk Owners/Business Units during auditory examinations, both internally and externally.
Adhere to a consistent approach in executing key program components for all operational risks, including Risk and Control Self Assessments (RCSA’s), Key Risk Indicators (KRI’s), Issue Management, and Operational Losses.
Act as Subject Matter Expert and assist in the development of Business Unit Policies and Procedures.
Ensure business/strategic plans are consistent with the Risk Appetite Framework and Division risk Limits.
Train and facilitate risk owners to identify key preventive and detective controls.
Develop actionable risk management dashboards for the respective business line to include key risk indicators (leverage existing and develop new as needed); ensure alignment of management reports within business line risk reports.
Coordinate the completion of risk-mitigating action plans and providing status updates of open/closed issues to the Risk Program Office.
Define and report performance metrics and Key Risk Indicators to monitor high risks to the business unit using data collected from risk issue solutions. Provide root cause analysis on all breaches to identify gaps and assist with remediation efforts.
Investigates large or repetitive loss events impacting the Division to assess for potential systemic weaknesses and ensure appropriate corrective action is taken.
Stays abreast on specific reporting standards, department reporting requirements, and bank system changes/enhancements.
Work collaboratively within their respective Business Unit to coordinate risk management and measurement activity.
Assist with research and special projects as needed.
Promotes risk awareness throughout the Business Unit.
Bachelor's Degree in Finance, Economics, Mathematics, Statistics, or related field.
Minimum 5 years of experience in a banking environment or in risk management consulting or in risk-related roles
Minimum 3 years of experience in credit and/or financial analysis
Minimum 3 years of Advanced level experience in Microsoft Office, including Word, Excel, Access, and PowerPoint
Familiarity with OCC Heightened Standards preferred
Tableau experience preferred
Previous experience in the financial services industry and/or risk management.
Good knowledge of financial services products, including commercial and consumer, etc.
Strong project management experience.
Demonstrated ability to think critically and facilitate change through a collaborative effort. Strong interpersonal, verbal, and written communication skills.
Self-motivation, discipline, task focus, the ability to structure and present work, and a proven record of delivering high-quality results within strict deadlines.
Must have the ability to multitask and prioritize several concurrent initiatives.
Demonstrated ability to interact effectively, internally and externally, with the most senior representatives of organizations, regulators, and vendors.