Senior Manager, Risk Appetite

Application Deadline:

04/24/2025

Address:

320 S Canal Street

Job Family Group:

Audit, Risk & Compliance

Are you an analytical thinker with a passion for Risk Management and Risk Appetite and Metric Program design? Join our team as a Senior Manager in Enterprise Risk Appetite and play a crucial role in ensuring our Company’s risk appetite is well articulated, measured, monitored, escalated, and reported. This role is a key contributor to the design, development and execution of the Risk Appetite program for the Company.

Key Responsibilities:
- Risk Appetite and Risk Metric Program Building:

• Design Risk Appetite requirements for the Company across Risk Appetite program elements including Risk Appetite Setting, Metric Measurement, Metric Monitoring & Breach Management, Action Planning, and Reporting.

• Clearly document requirements in policies, standards, and procedures, as necessary.

• Define accountabilities and responsibilities for Risk Appetite activities including governance, oversight, and challenge.

• Understand and integrate Risk Appetite with other risk programs including Strategic Planning, Capital Planning, Risk Identification, etc.

• Define processes for how Risk Appetite is integrated between various organizational levels (e.g., Enterprise and Line of Business).

• Distinguish between Risk Appetite Metrics, Key Risk Indicators, and other metric types.

• Develop tools, templates, guidance, and other infrastructure to facilitate consistent and thorough execution of the Risk Appetite program by stakeholders.

• Serve as key contact / Subject Matter Expert with all Risk Appetite stakeholders, within 1st, 2nd, and 3rd line of defense, ensuring seamless delivery of change management, communication, and training on enhanced Risk Appetite program across three lines of defense.

- Metric Identification, Design, and Development:

• Ensure the bank has a comprehensive set of metrics covering all organizational risks including credit & counterparty credit, market, liquidity & funding, operational, compliance, environmental and social (including climate), strategic, and reputational.

• Properly define, calibrate, and set thresholds for risk metrics using quantitative and qualitative methods

• Be able to work with SMEs to leverage their expertise to develop meaningful risk metrics.

- Oversight and Challenge:

• Ensure Enterprise Risk Appetite and Risk Metric Policies, Standards, and Procedures are adhered to.

• Ensure consistent execution of the program across risk types, lines of business, enterprise functions, legal entities, and subsidiaries.

- Risk Appetite Program Implementation and Execution (assist, as necessary):

• Coordinate and facilitate the annual refresh process of reviewing and updating Risk Appetite (Qualitative Statements and Quantitative metrics) across the Company.

• Communicate the Enterprise Risk Appetite to Business Group Heads and CROs.

• Prepare and facilitate quarterly Senior Management, Committees, and Boards reporting of risk profile against Risk Appetite.

• Escalate breaches and action plans to Senior Management, Committees, and Boards commensurate with the severity of the breach.

• Maintaining a central repository/inventory to house, relevant Risk Appetite information including reporting, metric measures, procedures, etc.

What We’re Looking For:
- Experience: Proven experience in Risk Appetite and or Metrics Program building, Metrics Identification and Development and risk management.

- Expertise in Risk Management: Strong understanding of Risk Management and Risk Governance at large, complex financial institutions, including the Risk Management Lifecycle and key risks including credit, market, operational, regulatory/compliance, etc.

- Quantitative Skills: Ability to work with and interpret large data sets; experience in quantitative analysis pertaining to credit risk, market risk, liquidity risk, and or non-financial risks; understanding of Data Management and Risk Data Aggregation and Risk Reporting requirements.

- Communication and Relationship Management: Excellent skills to present complex findings and manage relationships to influence widespread change.

- Independence: Ability to work independently and lead activities.

- Intellectual curiosity: natural drive and ability to become a subject matter expert on relevant topics, develop skills, and improve performance independent of formal or informal training or on-the-job experience.

- Execution mindset: ability and attitude to be able to execut