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Job Description

Job Summary

Under very limited direction and with a high level of autonomy, uses extensive knowledge and skills to lead the firm’s stress testing program from a 2nd line of defense perspective. Responsibilities include, but are not limited to: oversee the design, implementation and execution of scenario design, stress testing, expansion and review and challenge in alignment with regulatory requirements and expectations for large financial institutions. The role will lead large-scale, transformative projects with significant scope and must be able to drive change involving cross-functional teams, influence strategic direction, develop tactical plans, complete complex assignments with substantial latitude for un-reviewed actions or decisions, and maintain extensive contact with senior executives, internal and external auditors and regulatory authorities.

Essential Duties and Responsibilities

+ Maintain policies, standards and procedures for Raymond James’s development and execution of scenarios

+ Develop and oversee scenario definition, design and expansion

+ Maintain requirements on expectations of scenario types (e.g., topical, emerging risks, hypothetical, etc.)

+ Execute on particular stress test components

+ Design and oversee the administration of scenarios across risk disciplines and activities (e.g., CECL, CCAR, Liquidity, and Operational Resilience) Coordinate across risk disciplines, risk functions and 1st line accountable teams to ensure alignment with enterprise standards

+ Promote transparency and clear communication of the connectivity of risk drivers to losses and key assumptions, limitations, and weaknesses (ALWs)

+ Maintain standard/policy for the risk organization’s review and challenge requirements for stress testing

+ Develop and maintain an enterprise stress test framework and governance structure

+ Review and challenge application of framework, governance processes, and stress testing results

+ Aggregate and report review and challenge results / findings

+ Implements tools and systems to provide for process efficiency and robust documentation supporting all aspects of stress testing.

+ 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.

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

+ Provides training and education on firm policies for stress testing 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.

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.

+ Stress testing frameworks across multiple risk disciplines (e.g. Capital, Liquidity, Interest Rate, Credit, Market, and Non-financial risks).

+ Scenario design and expansion principles.

+ Review and challenge best practices including for CCAR purposes.

+ Risk data aggregation and modelling techniques.

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.

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 crisp 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.

+ Drive high-quality work products within expected timeframes and on budget

+ Apply complex quantitative concepts to practical situations.

+ Define problems, collect data, establish facts, and draw valid conclusions.

+ Effectively communicate verbally and in writing with management, customers, vendors and staff.

+ Perform human resource management activities.

+ Plan, assign, monitor, review, evaluate and lead the work of others.

+ Coach and mentor others.

Educational/Previous Experience Requirements

Education/Previous Experience

+ Bachelor’s Degree (B.A.) with a minimum of fifteen (15) years of financial services experience required.

+ OR ~

+ Any equivalent combination of experience, education, and/or training approved by Human Resources.

Education

Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Data Processing

Work Experience

General Experience - More than 15 years

Certifications

Other License Not Listed - Other

Travel

Less than 25%

Workstyle

Hybrid

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.

We expect our associates at all levels to:

• Grow professionally and inspire others to do the same

• Work with and through others to achieve desired outcomes

• Make prompt, pragmatic choices and act with the client in mind

• Take ownership and hold themselves and others accountable for delivering results that matter

• Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.

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