VP-Risk Manager Job Description
Vp-risk manager
provides insights and advisory collaboration to Global Banking and Markets (1st Line) and Global Risk Management (2nd Line) on risk identification, credit risk management processes and regulatory guidance.
VP-Risk Manager Duties & Responsibilities
To write an effective vp-risk manager job description, begin by listing detailed duties, responsibilities and expectations. We have included vp-risk manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Engage closely with Model Risk Governance, Control and Audit teams to ensure strong controls are in place to generate loss forecast outputs
Audit Coordinator and Liaison for business
Demonstrate a working knowledge of Regulation O and FINRA regulations, anti-money laundering portion of the US Patriot Act, and knowledge of Sarbanes-Oxley and Dodd-Frank
Serve as an operational risk manager with stakeholders across a number of business and product areas
Determine organizational structure for materials shared amongst the CB credit LOBs
Strong collaboration across Mortgage Banking and corporate risk management functions accounting and finance
Manages the RCSA process
Design and execute project plans and programs to enhance a regional control agenda across identified business groups
Drive the Operational Control team and function on relevantLatin Americagovernance committees (when Regional Control Officer is unable to participate)
Partnerwith the global control team to develop and execute the Self Assessments(RSCA) program.Identify specific risks (inherent & residual) and associated risk ratings, control assessments (evidence, findings & conclusions) and control ratings, business guidance & procedures following the RCSA standards set forth for the Firm
VP-Risk Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for VP-Risk Manager
List any licenses or certifications required by the position: CISA, CISSP, PMP, PMI, AML
Education for VP-Risk Manager
Typically a job would require a certain level of education.
Employers hiring for the vp-risk manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Economics, Statistics, Engineering, Mathematics, Business, Graduate, Accounting, Management, Computer Science
Skills for VP-Risk Manager
Desired skills for vp-risk manager include:
Anti-Money Laundering
Bank's policy and guidelines
Banking Act – Banking Secrecy
Current regulatory requirements for risk management
Information Security Policy
Risk rating methodologies and credit risk assessment processes for commercial real estate loans
Information Security
PowerPoint
System Resiliency & Availability & Software development practices and frameworks
Excel
Desired experience for vp-risk manager includes:
Strong familiarity with project management software, such as MS Project, Visio, Sharepoint
Undergraduate degree in a quantitative/technology field required
Oversee the entire life cycle of regulatory and other issues management to validate appropriate actions has been taken in accordance with stated action plans
For more significant matters, work develop plans that address issue root cause and produce appropriate MIS to track the progress of action plans so as to ensure completion within stated timeframes
Effectively manage programs and work-streams such as Inter-Affiliate Service Agreements, New Business Initiatives, FATCA and several others
Preferably a strong background in and familiarity with Corporate & Investment banking core businesses
VP-Risk Manager Examples
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VP-Risk Manager Job Description
Job Description Example
Our company is growing rapidly and is hiring for a vp-risk manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for vp-risk manager
- Review credit memoranda prepared by Portfolio Review Credit Analysts, including quality control checks and recommendation reviews
- Assist in coaching junior Credit Analysts on analysis of financial statements, preparation of credit memoranda, and client communication
- Support the validation of the Operational Risk environment for businesses brought to the US under Alternative Net Capital (ANC) migrations and ongoing oversight support of these businesses
- Participation in customer meetings to discuss alternative credit structures
- Operational Risk Analysis and Reporting by developing and performing ongoing analysis of loss events, near miss events and external events and ensure these are used to inform RCSA results, technology assessments and scenario analysis
- Act as Subject Matter Expert (SME) and assess risks involved with new business initiatives and change management activities
- Product knowledge is important to allow for risk assessment
- Ensure that Risk Guidelines are reviewed and approved timely and communicated appropriately to stakeholders
- ORO Representative on Model Governance working groups
- Recommends and initiates special projects, and analyzes department/system growth to determine departmental needs
Qualifications for vp-risk manager
- Ability to see the bigger picture while understanding the detail, ability to provide concise direction and analytics to senior management fellow team members
- Develop trusting and respectful relationship with business partners to create an open environment for identification, evaluation and mitigation of risk
- Create and drive a risk aware culture within the business, educating others to understand the economic benefits of risk management and independently identify, assess and mitigate risk issues as they arise
- Demonstrated technical abilities in multiple areas (e.g., technology infrastructure platforms or networks, application development, data protection)
- Application Security – maintain the use of static code and dynamic application analysis tools within the SDLC to assist with identifying and preventing issues early on in the development lifecycle
- Engagement - Align with the firm’s IT Risk and Security Management organization to remain aware of control initiatives taking place outside of our Line of Business
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VP-Risk Manager Job Description
Job Description Example
Our company is looking to fill the role of vp-risk manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for vp-risk manager
- Monitor departmental performance and identify areas where new/improved systems can improve the quality of existing services recommend means for improvement, including procedural steps, increased training, and enhanced documentation
- Supporting the ShS ORM Americas Lead in developing solid relationships with the other ORM teams and to ensure effective partnerships across Shared Services
- Support the ShS ORM Americas Lead to independently oversee, advise, review and challenge Shared Services in various risk management activities, from both a regional perspective and as part of the global ORM Shared Services management team
- Work closely with support functions like Operations, Testing, and Environments to deliver the projects in agreed timelines
- Balance the workload and identify excess resource capacity / shortfall
- Build thoughtful analysis to identify recent loss drivers and trends
- Provide sufficient visibility to risks and opportunities on loss positions through analytics based on recent and emerging trends across various units
- Work towards enhancing existing forecasting models aimed at improving accuracy of loss forecasts and clearly explain driver(s) behinds forecast variances
- Managing and guiding the performance team leaders with planning the activity of the group from both a day to day and strategic perspective
- Ensuring high quality standards are maintained and that all analysis follows a detailed and methodical review process before being released to clients
Qualifications for vp-risk manager
- Provide risk assessment on every guideline breach in discretionary portfolios
- Present the Risk Task to clients and prepare answers for risk questions on RFPs
- Quantitative Risk Management function or Model Review
- Chartered Financial Analyst (CFA), FRM, PRMIA, or GARP designation is a plus
- Strong analytical skills to organize and analyze multiple, complex data sets
- Experience should include statistical skills, , hands-on experience working with complex data sets, pivot tables, advanced database and statistical functions and methods
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VP-Risk Manager Job Description
Job Description Example
Our innovative and growing company is hiring for a vp-risk manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for vp-risk manager
- Discuss a client’s financial position and business with clients in a professional manner
- Manage additional special projects as needed
- Ownership of risk portfolio and market risk metrics (sensitivities, VaR, SVaR, IRC, Stress Test, MR RWA)
- Roll requires active presence on the trading desk
- Ensure an appropriate control framework exists for Prime Services operations in Dublin Branch
- Daily validation of the risk data through review of risk, risk moves and discussion with trading and other control functions
- Ensure appropriate reporting framework exists
- Daily, weekly and monthly risk commentary and supporting analysis to be provided to MRM Management, Risk Management Committees, Trading Management and Senior Management
- Track and explain differences between Risk Based P&L vs
- Conduct risk reviews/deep dives on different strategies to ensure strategies are fully understood and properly documented and that the key risks associated with the strategy are being appropriately highlighted
Qualifications for vp-risk manager
- Liaise with Investor Director on the Monthly Portfolio Review and Credit Portfolio Review, including material preparation
- Technical facility with Relational Databases (MS SQL Server, Oracle, Sybase), MS Excel (advanced functions) and MS Access, advanced SQL required
- Extensive knowledge of analytical tools
- Organizational and project management with demonstrated ability to deliver results
- Prior experience working as a tech PM is a plus
- At least 5 years in financial institution experiences is a must
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VP-Risk Manager Job Description
Job Description Example
Our growing company is hiring for a vp-risk manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for vp-risk manager
- Working with Quant Strat Team, Information Technology on further improving risk metrics across different cleared derivatives products identification of tail risks
- Process and analyse operational risk incidents
- Be instrumental in delivering key regulatory initiatives related to counterparty risk SA-CCR, CCP risk, Maargining Reform, CVA, IMM, collateral optimization
- Responsible for executing Data Management control activities documentation, certification
- Live assessment of market risks, concentrations and top risks
- Real-time involvement in complex & large deal analysis, including assessing material weaknesses or overlooked risks, agreeing hedging strategies with the Front Office, determining approval standards and writing concise decision support briefs
- Successful candidate may work closely with UK and Global Regulators and would be a key participant in successful approval of on-going model waivers, computing regulatory capital buffers
- Preparation and presentation of multiple Risk Metrics decks to leadership of both the Client Service and Trusts & Estates practices
- Presentation of KRIs and Risk Metrics themes to various Committees
- Analysis and continuous improvement of the Risk Metrics reporting (sourcing, methodology, graphical representation)
Qualifications for vp-risk manager
- Audit - Work closely with Internal and External Auditors during planning and fieldwork to understand and help drive review scope, processes, and documentation requests
- Minimum of 5 years experience in a senior/manager position required
- Experience with business applications supporting Chase, WaMu/EMC and VLS
- Experience of electronic cash equity trading or market making experience
- Advanced degree in finance, mathematics, statistics, engineering, physics or other quantitative discipline
- Ensuring all current and potential P&L drivers are fully understood
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VP-Risk Manager Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of vp-risk manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for vp-risk manager
- Review and analyze significant LOB risk and control metrics to identify trends or issues, including audit or regulatory developments and litigation
- Partner with Business and Compliance to respond to Regulatory, Audit and Board of Directors inquiries
- Creation, monitoring and distribution of control reports on a weekly, monthly and bi-monthly basis
- Management and oversight of a small team of business control professionals
- Frequent presentation to and interaction with management and senior leadership
- Articulate complex issues, analysis, themes and solutions to management and senior leadership
- Participation in risk metrics-related projects
- Manage and oversee the timely implementation of remediation projects
- Prepare and present remediation and self-assessment description for the Review and Challenge panel of the FRM Regulatory Risk Committee
- Produce regulatory updates on projects for FRM Regulatory Risk Committees and senior management
Qualifications for vp-risk manager
- Risk and Controls background is preferable but not essential, plus operations and project / change management skills
- University degree holder in relevant fields and CFA or FRM is a plus
- Regional experience will be a plus
- At least 8 years of experience within a Private Banking Risk Management environment
- Strong knowledge of the front-to-back processes within a Private Wealth Management setup, preferably in the Products space
- Effective relationship building, communication and analytical skills