Our client, a leading wealth management arm of a major bank, is looking for a VP of Risk to join their first line of defense.
Location(s): Los Angeles, CA; New York, NY; or Washington, DC. Work arrangements currently remote but will transition to hybrid once COVID calms down.
Job Description & Synthesis
Reporting to the WM and Private Banking Division Risk Head, this position is responsible for the development, recommendation, implementation, tracking, and reporting of our client's risk management programs within the division to ensure limited risk exposure. Leads and executes the risk assessment programs including identification of key risks and their mitigating controls. Provides risk expertise while working with the business and other 2nd line risk partners (to include Operational Risk, Business Continuity, IT Risk, Vendor Risk, Corp. Security, Compliance, etc.) to assess risk exposures and control adequacy. Develops monthly and quarterly reporting for management to assess risk proactively, this includes among other things, the preparation of Quarterly Risk Reports, execution of risk-based control testing, and assistance with internal audits and regulatory examinations. This position is also responsible for the continued maturation and improvement of the risk management practices and execution of these practices within their Division.