Head Of Risk Management

TITLE: Head of Risk Management

DEPARTMENT: RISK MANAGEMENT DEPARTMENT

LOCATION: NEW YORK, USA

FLSA STATUS: EXEMPT - onsite ONLY

JOB SUMMARY:The Head of Risk Management is the designated Chief Information Security Officer (CISO), reports to the Country's Chief Executive Officer, and is responsible for developing, implementing, and maintaining a comprehensive risk management framework encompassing credit risk, operations risk, market risk, regulatory risk, IT risks, etc.

ESSENTIAL FUNCTIONS AND ACCOUNTABILITIES

• Protect the integrity of the Bank by ensuring that it operates by legal and regulatory requirements, abides by the Bank’s Code of Conduct, and promotes compliance in how business is conducted.
• Analyze and communicate risk management issues of concern regarding Bank operations and strategies.
• A voting member of the Bank Management Committee (BMC)
• Review and analyze risk management activities relating to Bank credit functions; maintains credit limits, as applicable.
• Develop, implement, and oversee risk response processes, including business continuity risk mitigation and contingency programs.
• Establishes, implements, and oversees frameworks, systems, processes, policies, and controls to anticipate, monitor and mitigate risk on an ongoing basis; performs periodic risk assessments and evaluations, including analysis, identification, and estimation of business risks and mitigants.
• Supervise Credit, Market, and Operations Risk Analysts and ensure continued professional development and training of these positions.
• Responsible for ensuring the Bank has an adequate Information and Cyber Security program in place, supervising the Cyber Security officer, providing strategic guidance and direction to the Cyber Security officer of the institution
• Ensure bank employees understand risk limits and related issues through training and educating of key employees.
• Prepares and presents to Executive management internal reports reflecting business risk issues.

* Specific duties and responsibilities may vary based on departmental and Bank needs.Other duties may be assigned similar to the above consistent with the knowledge, skills, and abilities required for the position.

MINIMUM QUALIFICATIONS:

• Competency in Microsoft Suite of applications
• Proven experience in managing projects
• Practical oral and written communication skills
• In-depth knowledge of finance, economics, cybersecurity, risk frameworks, management principles, and business concepts
• Minimum of 10 years of experience assessing, managing, and monitoring business risk, in a regulated institution within the US Financial markets, preferably in a Correspondent Banking environment.
• Minimum of Bachelor’s degree, Advanced degree preferable.