SVP, Chief Risk Officer - Capital Markets

Job Description

Essential Duties and Responsibilities

·         Establishes and oversees the implementation of a risk management framework for the business unit, to include defining the business appetite for risk taking and establish appropriate controls.

·         Conducts and presents regular risk reviews in order to provide an independent perspective of the business and to keep pace with the changing business environment.

• Continuously monitors and analyzes the businesses risk profile and tolerance to include daily risk monitoring across all relevant risk stripes including market, credit, liquidity and operational risks.

·         Identifies emerging risks and advises on risk mitigation strategies.

·         Leads the development and implementation of risk assessment and quantification models needed to risk manage the business

·         Oversees and evolves risk reporting processes to enhance the accuracy and effectiveness of risk information.

·         Ensures the business risk management practices comply with regulatory requirements and industry best practices. Also, engages with regulators to provide essential risk context.

·         Reports risk-related data including risk exposure, compliance to risk policies, and effectiveness of current risk management strategies to the Board of Directors, senior management and various risk committees.

·         Collaborates with the business and other key stakeholders to evaluate the risk associated with potential mergers and acquisitions, new product offerings, and other initiatives.

·         Performs other duties and responsibilities as assigned.

Qualifications:

Knowledge, Skills, and Abilities
Knowledge of:

·         Advanced knowledge of risks and regulations in all aspects of the Capital Markets

·         Risk assessment methodologies.

·         Risk governance structure and design.

·         Risk policy and procedures.

·         Infrastructure design, risk controls and segregation of duties.

·         Relevant risk based regulatory schemes including Basel I and Basel II and current rules under review.

·         Sarbanes Oxley regulations.

·         Software development processes.

·         ISDA/CSA, and MBA documentation with the ability to provide advice on such documentation negotiation from the credit perspective.

·         Securities/capital markets products and an understanding of the market standard risk management practices.

Skill in:

·         Risk operations, work processes, internal controls and banking regulations.

·         Excellent communication skills to clearly articulate matters while working with internal and external clients.

·         Planning and scheduling work to meet regulatory organizational and regulatory requirements.

·         Identifying and applying appropriate monitoring procedures.

·         Preparing oral and/or written reports.

·         Making rule-based and analytical decisions.

·         Project management skills and with experience to successfully complete long and short term projects.

·         Analytical thinking with demonstrated experience identifying and quantifying complex problems and providing effective resolutions.

Ability to:

·         Author policies, procedures, and prepare risk reports for the Executive Committee, Board of Directors, and regulatory agencies as required.

·         Read, analyze, and interpret complex documents.

·         Respond effectively to the most sensitive inquiries or complaints.

·         Deliver persuasive speeches and presentations on controversial or complex topics to top management, public groups, and the Board of Directors.

·         Apply mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry.

·         Apply concepts such as fractions, percentage