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Job Snapshot
-
Employee Type:
Full-Time -
Location:
New York, NY -
Job Type:
-
Experience:
Not Specified -
Date Posted:
12/4/2024
Job Description
Job Summary
The Senior Vice President, Chief Risk Officer for the Capital Markets business reports to the Chief Risk Officer of Raymond James Financial and is responsible for comprehensive and strategic risk management responsibilities within Capital Markets. This role is responsible for overseeing development, implementation, and execution of a risk framework to help identify, manage and mitigate risks that impact the business. This role engages closely with senior business leaders and other key business leaders on a regular basis, fostering a deep understanding of the risk landscape in order to institute sound and effective risk management practices. Moreover, this role facilitates risk-informed decision-making and provides effective challenge to maintain the integrity of the business risk posture.
Essential Duties and Responsibilities
%26middot; 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.
%26middot; 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.
%26middot; 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.
%26middot; Identifies emerging risks and advises on risk mitigation strategies.
%26middot; Leads the development and implementation of risk assessment and quantification models needed to risk manage the business
%26middot; Oversees and evolves risk reporting processes to enhance the accuracy and effectiveness of risk information.
%26middot; Ensures the business risk management practices comply with regulatory requirements and industry best practices. Also, engages with regulators to provide essential risk context.
%26middot; 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.
%26middot; Collaborates with the business and other key stakeholders to evaluate the risk associated with potential mergers and acquisitions, new product offerings, and other initiatives.
%26middot; Performs other duties and responsibilities as assigned.
Job Requirements
Knowledge, Skills, and Abilities
Knowledge of
%26middot Advanced knowledge of risks and regulations in all aspects of the Capital Markets
%26middot Risk assessment methodologies.
%26middot Risk governance structure and design.
%26middot Risk policy and procedures.
%26middot Infrastructure design, risk controls and segregation of duties.
%26middot Relevant risk based regulatory schemes including Basel I and Basel II and current rules under review.
%26middot Sarbanes Oxley regulations.
%26middot Software development processes.
%26middot ISDA/CSA, and MBA documentation with the ability to provide advice on such documentation negotiation from the credit perspective.
%26middot Securities/capital markets products and an understanding of the market standard risk management practices.
Skill in
%26middot Risk operations, work processes, internal controls and banking regulations.
%26middot Excellent communication skills to clearly articulate matters while working with internal and external clients.
%26middot Planning and scheduling work to meet regulatory organizational and regulatory requirements.
%26middot Identifying and applying appropriate monitoring procedures.
%26middot Preparing oral and/or written reports.
%26middot Making rule-based and analytical decisions.
%26middot Project management skills and with experience to successfully complete long and short term projects.
%26middot Analytical thinking with demonstrated experience identifying and quantifying complex problems and providing effective resolutions.
Ability to
%26middot Author policies, procedures, and prepare risk reports for the Executive Committee, Board of Directors, and regulatory agencies as required.
%26middot Read, analyze, and interpret complex documents.
%26middot Respond effectively to the most sensitive inquiries or complaints.
%26middot Deliver persuasive speeches and presentations on controversial or complex topics to top management, public groups, and the Board of Directors.
%26middot Apply mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry.
%26middot Apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
%26middot Define problems, collect data, establish facts, and draw valid conclusions.
%26middot Effectively communicate verbally and in writing with management, customers, vendors and staff.
%26middot Perform human resource management activities.
%26middot Plan, assign, monitor, review, evaluate and lead the work of others.
%26middot Coach and mentor others.
Educational/Previous Experience Requirements
Education/Previous Experience
%26middot Bachelor%26rsquos Degree (B.A.) with a minimum of fifteen (15) years of financial services experience required.
%26middot Previous experience in a Capital Markets (or related business) and/or an associated risk management position.
%26middot OR ~
%26middot Any equivalent combination of experience, education, and/or training approved by Human Resources.
Licenses/Certifications
None required.
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm%26#39s core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
Grow professionally and inspire others to do the same
Work with and through others to achieve desired outcomes
Make prompt, pragmatic choices and act with the client in mind
Take ownership and hold themselves and others accountable for delivering results that matter
Contribute to the continuous evolution of the firm
