About the Role
Consults and provides guidance on the development, implementation, and monitoring of business-specific programs to identify, assess, and mitigate risk.
Develops Front Line statements of risk appetite that comply with company-wide expectations and incorporates risk considerations into its business and strategic decision making to align the risk appetite of the business.
Identifies, assesses and aggregates risks generated by its activities. Escalates risks where necessary if risk boundaries or limits are triggered.
Serves as liaison between Independent Risk Management (IRM) and a Front Line business group or functional area with low risk and complexity in support of enterprise risk programs
Provides support in the interpretation of policy, guidelines, and governance programs
Designs and implements risk mitigation strategies and controls that effectively mitigate risks and appropriately address requirements of applicable statutes, regulations, and risk governance documents
Develops and implements risk monitoring and risk reporting processes that align with company-wide risk programs
Monitors and reports on its risk concentration, current and emerging risk, and risk appetite
Aggregates the results of its monitoring efforts (as part of its self-assurance activities reporting routines), evaluates findings, reports on results and escalates where necessary
Designs and executes a control effectiveness assurance program for Front Line-owned controls
Proactively creates and adapts strategies in line with Risk Appetite and adjusts business activities when required or accepts risk
Market Skills and Certifications
Graduate of any Bachelor’s degree or higher in business or a related field
2+ years of experience in risk (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management demonstrated through work military)
1+ year in the foregoing or financial services industry
Experience in financial industry specific to brokerage and / or investment banking is preferred but not required