Manager Risk Oversight, Securitized Products

$160,000 - $300,000 yearly
  • The Resume Review - Recruiting Department
  • New York, NY, USA
  • Oct 13, 2021
Full time Business Development

Job Description

Job description
Provides market risk oversight, monitoring, and reporting for designated areas. Develops and monitors the market risk management framework that includes the governance framework and practices leveraged across this company to manage market risk. Provides policies and standards, methodologies, and controls to increase transparency, accuracy and consistency across groups. Works with stakeholders to implement the methodology, metrics, and program standards for the assigned portfolio to ensure compliance and effective monitoring, timely reporting and identification of action plans.
  • Fosters a culture aligned to this company's purpose, values and strategy and role models this company's values and behaviors in all that they do.
  • Ensures alignment between values and behavior that fosters diversity and inclusion.
  • Regularly connects work to this company's purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.
  • Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
  • Attracts, retains, and enables the career development of top talent.
  • Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.
  • Acts as a trusted advisor to assigned business/group.
  • Influences and negotiates to achieve business objectives.
  • Recommends and implements solutions based on analysis of issues and implications for the business.
  • Assists in the development of strategic plans.
  • Identifies emerging issues and trends to inform decision-making.
  • Researches existing or emerging requirements & related best practices to assist and develops recommendations for changes/enhancements.
  • Assists with the interpretation of new or changing regulations and assessing impacts to the governance frameworks.
  • Helps determine business priorities and best sequence for execution of business/group strategy.
  • Conducts independent analysis and assessment to resolve strategic issues.
  • Leads the development and maintenance of the governance system and framework.
  • Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
  • Ensures alignment between stakeholders.
  • Represents the risk program / governance structure during internal/external regulatory audits and/or examinations.
  • Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards.
  • Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
  • Leads or participates in defining the communication plan designed to positively influence or change behavior; develops tailored messaging; and identifies appropriate distribution channels.
  • Guides/assists in the identification and classification of issues; recommends action plans.
  • Leads and integrates the monitoring, measurement & reporting on the status of the market risk governance program to internal & external stakeholders.
  • Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines.
  • May provide specialized support for other internal and external regulatory requirements.
  • Provides input into the planning and implementation of ongoing operational programs in support of the market risk framework.
  • Leads/participates in the design, implementation and management of core business/group processes.
  • Administers and maintains the market risk monitoring and control program activities in adherence to all policies, procedures and established processes.
  • Reviews new business initiatives and monitors existing initiatives to identify potential risk situations/ impacts; makes recommendations or escalates to the manager, as per guidelines.
  • Monitors the financial market environment and market risk model performance impacts for optimal execution of risk strategies.
  • Independently administers and evaluates models, model assumptions, and key metrics used for the measurement of market risk for adherence to all policies and procedures applicable to the transaction based on established processes; documents and reports results of evaluations on an individual and summary basis.
  • Identifies where corrective actions are required and escalates per guidelines; ensures corrective action is taken as necessary.
  • Provides advice and guidance to assigned business/group on implementation of the risk framework, including effective challenge.
  • Coordinates and participates in the execution of oversight/governance activities including reporting; assessment of education & training needs, development/delivery of training; development and execution of regulatory administration processes & procedures.
  • Consults with stakeholders to improve consistency and transparency of risk measurement, metrics and reporting.
  • Supports the development and maintenance of the governance system and framework including supporting policy/standard/operating procedures lifecycle management, education and training assessments.
  • Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.
  • Builds effective relationships with internal/external stakeholders.
  • Ensures alignment between stakeholders.
  • Analyzes data and information to provide insights and recommendations.
  • Monitors and tracks performance; addresses any issues.
  • Coordinates and monitors the review and sign-off of regulatory reporting and attestations.
  • Focus is primarily on business/group within this company; may have broader, enterprise-wide focus.
  • Provides specialized consulting, analytical and technical support.
  • Exercises judgment to identify, diagnose, and solve problems within given rules.
  • Works independently and regularly handles non-routine situations.
  • Broader work or accountabilities may be assigned as needed.  
 
 
 
Qualifications:
  • 5+ years of hand on experience with securitized products analytics strongly preferred.
  • Risk oversight experience in the capital markets area des
  • Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
  • In-depth knowledge and understanding of the market risk management practices.
  • In-depth knowledge of regulatory requirements.
  • In-depth knowledge & experience with risk policy frameworks; quality control / testing frameworks.
  • Deep knowledge and technical proficiency gained through extensive education and business experience.
  • Verbal & written communication skills - In-depth.
  • Collaboration & team skills - In-depth.
  • Analytical and problem solving skills - In-depth.
  • Influence skills - In-depth.
  • Data driven decision making - In-depth