"Alerted.org

Essential Duties and Responsibilities

• Establishes and oversees the implementation of a risk management framework for the business unit, to include defining the business appetite for risk taking and establish appropriate controls.

• Conducts and presents regular risk reviews in order to provide an independent perspective of the business and to keep pace with the changing business environment.

+ Continuously monitors and analyzes the businesses risk profile and tolerance to include daily risk monitoring across all relevant risk stripes including market, credit, liquidity and operational risks.

• Identifies emerging risks and advises on risk mitigation strategies.

• Leads the development and implementation of risk assessment and quantification models needed to risk manage the business

• Oversees and evolves risk reporting processes to enhance the accuracy and effectiveness of risk information.

• Ensures the business risk management practices comply with regulatory requirements and industry best practices. Also, engages with regulators to provide essential risk context.

• Reports risk-related data including risk exposure, compliance to risk policies, and effectiveness of current risk management strategies to the Board of Directors, senior management and various risk committees.

• Collaborates with the business and other key stakeholders to evaluate the risk associated with potential mergers and acquisitions, new product offerings, and other initiatives.

• Performs other duties and responsibilities as assigned.

Qualifications:

Knowledge, Skills, and Abilities

Knowledge of:

• Advanced knowledge of risks and regulations in all aspects of the Private Client and Asset Management

• Risk assessment methodologies.

• Risk governance structure and design.

• Risk policy and procedures.

• Infrastructure design, risk controls and segregation of duties.

• Relevant risk based regulatory schemes including Basel I and Basel II and current rules under review.

• Sarbanes Oxley regulations.

• Software development processes.

• ISDA/CSA, and MBA documentation with the ability to provide advice on such documentation negotiation from the credit perspective.

• Securities/Private Client and Asset Management products and an understanding of the market standard risk management practices.

Skill in:

• Risk operations, work processes, internal controls and banking regulations.

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

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

• Identifying and applying appropriate monitoring procedures.

• Preparing oral and/or written reports.

• Making rule-based and analytical decisions.

• 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 persuasive speeches and 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.

• Apply concepts such as fractions, percentages, ratios, and proportions 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.), preferably in Mathematics, 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.

Licenses/Certifications

• None required.