Non-Financial Risk - Strategic Governance Director

Role Description

Create risk models to measure and monitor potential loss across different types of risks. Based on model results, establish thresholds, at-risk levels and exposure limits by product and business. Working with business management, adjust thresholds for market conditions and client behaviors. Tune models and thresholds.

Role Objectives: Delivery

Create risk models to measure and monitor potential loss across different types of risks (credit, market, liquidity, operational) and sub-components of those risks (concentration, company / industry / sovereign default probabilities, yield, convexity, duration, and FX, availability, cyber, privacy, etc.). Based on model results, establish thresholds, at-risk levels and exposure limits by product and business. Working with business management, adjust thresholds for market conditions and client behaviors. Tune models and thresholds. Monitor position reporting to measure risk across units and as an entity. Assist in rebalancing of positions to optimize risk / reward. Translate risk targets and thresholds into operating policies and procedures including regulatory requirements and qualitative risks. Work with business unit to optimize risk / return, remediate and avoid exceptions and identify root causes of non-compliance and variances to expected performance. Evaluate new products and customer classes to ensure adherence to thresholds at risk levels, exposure limits, policies and procedures. Identify necessary changes to both risk models and operating procedures taking into account internal, industry and regulatory best practice. Rationalize and optimize both transaction level controls and policies.

Role Objectives: Interpersonal

Work closely with units such as treasury and client-facing functions to better understand the risks in their businesses and the instruments they handle. Improve modeling techniques and risk framework and understand emerging issues through partnerships with consulting firms and other financial institutions. Establish relationships with rating agencies to help improve modeling and understand emerging trends. Improve workflows and data gathering / sharing through collaborations with units such as finance, compliance, legal and IT. Work cooperatively with industry specialists, country risk managers, credit review / analysis staff and relationship managers to determine and evaluate potential risks and efficacies of policies and procedures. Support long- and short-term planning, new product development, ALM and risk management meetings. Network within the industry through meetings, events and involvement with trade organizations to better understand emerging risk trends. Establish relationships with auditors and regulators to better understand their concerns and reduce potential compliance issues.

Role Objectives: Expertise

Demonstrate a solid knowledge of the overall business to design relevant controls / thresholds and analysis. Have an advanced understanding of risk frameworks, principles, types and exposures to create meaningful exception reporting, including analysis of risk / rewards. Apply a solid understanding of financial markets to create models, risk ratings, loss estimates and risk management strategies. Have a solid understanding of information technology and project management in order to best partner with colleagues in the ongoing tracking of risks. Demonstrate a working knowledge of modeling and analytical skills to create meaningful measurement and reporting on key risk exposures. Be familiar with financial services trends and emerging issues to update risk processes and avoid exceptions. Apply basic understanding of financial crimes, securities and other laws and regulations to create policies procedures and reporting to reduce regulatory risk. Communicate analytical data effectively.

Qualifications and Skills

Recommended years of experience: 10

Additional Requirements