Market Risk Strategic Initiatives Manager

Using existing risk models and guidelines, work with business unit to establish operational procedures and monitor compliance. Establish and maintain thresholds, at-risk levels and exposure limits. Optimize risk and return, remediate and avoid exceptions, and identify root causes of non-compliance. Ensure business partners are aware of their risk responsibilities.

Establish / maintain thresholds, at-risk levels, and exposure limits. Prepare periodic reporting to analyze positions, compare to thresholds, and ensure compliance. Work with business unit to optimize risk / return, remediate and avoid exceptions, and identify root causes of non-compliance and variances to expected performance. Using existing risk models and guidelines, work with business unit to establish operational procedures, monitor compliance. Identify necessary changes to both risk models and operating procedures. Rationalize and optimize both transaction level controls and policies. Evaluate and approve exceptions according to clip levels. Ensure business partners are aware of their risk responsibilities (operational, market, credit, etc.) and provide knowledge of policies and procedures. Evaluate new products and customer classes to ensure adherence to policies and procedures. Test transactions for compliance with established policies. Assist in compliance, financial and regulatory examinations / audits.

Build your market perspective through relationships with market counterparties. Facilitate relationships with units such as treasury and client-facing functions to better understand the risks in their businesses and the instruments they handle. Improve workflows and data gathering / sharing through relationships with units such as finance, compliance, legal and IT. Network within the industry through meetings, events and involvement with trade organizations to better understand emerging risk trends and the products and clients of your business unit. Establish relationships with auditors and regulators to better understand their concerns and reduce potential compliance issues.

Demonstrate an advanced knowledge of your business area to streamline workflows and design relevant controls / thresholds and analysis. Have a solid understanding of risk frameworks, principles, types and exposures to create meaningful exception reporting including analysis of risk / reward. Demonstrate a working knowledge of modeling and analytical skills to create meaningful measurement and reporting on key risk exposures. Demonstrate a solid understanding of information technology to better gather, manage and monitor key data sets. Use a working knowledge of finance and accounting to help quantify impact analysis and create meaningful thresholds, policies and procedures. Be familiar with financial services trends and emerging issues to update risk processes and avoid exceptions. Apply a basic understanding of financial crimes, securities and other laws and regulations to create policies, procedures and reporting that reduce regulatory risk. Communicate analytical data effectively.

Recommended years of experience: 7

D&I Commitment

Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.