Job Ref: 14613
Salary: $250000 – $300000
SVP Chief Risk Officer
Reports to: HO CRO , dotted line to CEO USA
located onsite in Manhattan
Our client, a well established commercial bank in NYC has asked us to identify a Chief Risk Officer.
Ensure Head Office Market, Liquidity and Operational Risk Policies are properly introduced and performed as well as any other Head Office Risk Management Directives.
Oversee the annual Internal Capital Adequacy Assessment Process (ICAAP) This involves all aspects of Risk as well as USA oversight.
Act as system owner and subject matter expert for the market and liquidity risk systems and models.
Provide analysis on the market and operational risk matters and escalate as appropriate to the Manager USA Branches
Conduct risk reviews relating to “High Risk” identified activities or processes and provide analysis to the Branch Manager.
Review Audit findings particularly related to operational and control deficiencies.
Review new regulation identified as relevant to the Branch and coordinate implementation of needed changes to comply.
Review all service contracts to ensure the key risk and vendor criticality is properly assessed, and prepare the annual Critical Vendor Review.
Construct stress tests, scenario analysis in order to measure the risks to which the Branch may be exposed ( Treasury, Market, Credit, Operational and Vendor Risk)
Knowledge of Sox Reporting and Risk Modeling
Minimum of 10 years’ relevant experience analyzing, monitoring and
reporting money market, foreign exchange and derivative products.
Bachelor’s degree in accounting or finance, MBA desirable.
Knowledge and expertise in banking/financial services.
Trading room products, credit training helpful, extensive systems knowledge, finance, risk management.
Proficiency in Microsoft Office. Thorough understanding of Wall Street data systems, i.e. Reuters, Bloomberg.
Crystal/Access/SQL a plus.
Compensation $250-300K based on experience Plus bonus