Head of Risk Identification

Job Description

Essential Duties and Responsibilities

·         Develop and implement risk identification frameworks and tools to identify internal and external risks, including the methodology to assess materiality.

·         Develops methodologies and standards to quantify current and future risk exposure utilizing predictive risk management techniques.

·         Perform qualitative and quantitative assessments on risk inventory.

·         Implements a system for material risk identification including integration with the firm’s stress testing and scenario design systems and processes.

·         Develop, review, and maintain enterprise risk taxonomy.

·         Develop the build out and ongoing maintenance of an enterprise risk inventory.

·         Prepares appropriate RJF Risk Committee, Executive Committee, and regulatory reports.

·         Works across all levels of the organization (1st, 2nd, and 3rd lines of risk management) in a collegiate yet respectful way.

·         Conducts regular reviews of issues facing the industry or the firm which could impact the firm across all risk stripes (financial and non-financial).

·         Work with Risk Analytics to create a suite of scenario themes and assess the impact of key features.

• Monitor progress, manage risk and ensure key stakeholders are kept informed about progress and expected outcomes.

·         Develops and evolves firm global risk policies that will define current and future practices, standards, and procedures.

·         Writing and ensuring compliance with firm policies for risk identification through periodic training of associates.

·         Performs human resource management activities, including identifying performance problems and seeking guidance for remedial action; reviewing performance and participating in interviewing and selecting staff.

·         Coaches, mentors, and develops risk management staff while identifying training needs and recommending appropriate development programs.

·         Fosters an environment where staff can find motivation in their work through effective communication and incentives.

·         Performs other duties and responsibilities, as required.

Qualifications:

Knowledge, Skills, and Abilities
Knowledge of:

·         Advanced knowledge of risks and regulations in all aspects of a large / complex financial institution / Category IV Financial Holding Company.

·         In-depth knowledge of regulatory requirements and best practices in risk management.

·         Risk identification, risk appetite, and risk acceptance frameworks.

·         Material risk identification.

·         Risk data aggregation and modelling techniques.

·         Stress testing and scenario design principles.

·         Risk governance structure and design.

·         Risk policy and procedures.

·         New business and product initiatives.

Skill in:

·         Risk operations, internal controls, and regulations.

·         Data aggregation, data governance, analytics, and modelling.

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

·         Working across all levels and facets of organizations.

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

·         Identifying and applying appropriate monitoring procedures.

·         Preparing oral and/or written reports.

• Excellent problem-solving and analytical skills, with the ability to assess and manage complex risk scenarios.

·         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.

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