Risk Appetite & Limits - Non Financial Risk Lead

Our client operates in the Financial sector, with its headquarters rooted strongly in the United States. It has its branches spread to more than 160 countries, providing employment to more than 200k people all over the world. They fall in the Top 15 largest Banks in the United States. Its core business is to provide various Banking and Financial services to its clients. It is known to have one of the biggest balance sheet banks in the world (among others) aiding it to offer 360-degree financial services to its clients.

Responsibilities:

• For non-financial risks (e.g., compliance risk, operational risk, reputational and strategic risk), drive enhancements to limit & threshold management that reflect industry-leading practices; this includes how limits & thresholds are
• Developed and established to reflect Client’s risk profile, using analytics and judgment;
• Calibrated in a way that reflects the firm’s risk appetite and cascaded through the firm;
• Monitored and discussed at existing or new limit & threshold management forums;Escalated to the Board of Directors and Senior Leadership across the lines of defense; and
• Governed through new and/or enhanced policy, standards, procedures and controls.
• Act as a subject matter expert for senior leadership across the firm by Actively engaging the first and second line across businesses and regions as part of day-to-day risk management;
• Providing robust review and challenge of practices and outcomes with an enterprise and concentration lens;
• Presenting insights and findings at management and, where required, Board committees and forums; and,
• As needed, requiring or driving risk mitigation actions to support a risk profile that is consistent with risk appetite.
• Work closely with non-financial risk leads to drive solutions that enable delivery of the firm’s target state, which may involve influencing teams with non-direct reporting lines.
• Lead regulatory and audit reviews with various groups.

Requirements:

• 15+ years of experience in the financial services industry, preferably with risk management experience setting and approving limits/thresholds and/or leading concentration or portfolio management efforts
• Proven experience in driving strategic, firmwide initiatives, including building stakeholder relationships and influencing / negotiating to achieve outcomes
• Good understanding of regulatory expectations and industry practices in limit management and concentration risk management and/or related areas
• Disciplined approach to execution, focused on making decisions that propel the project forward and avoid negative surprises
• Ability to synthesize complex concepts and effectively persuade senior audiences, orally in in writing
• Bachelor’s degree in financial, economics, mathematics or related field; Master’s degree and/or professional designations preferred