Risk PMO

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.

Role Description:

• The Risk Project Manager will support the Risk Governance Project Leader who manages/partners with a team executing against highly transformational, complex risk programs.
• The team will be responsible for achieving the goals and objectives of Enterprise Risk Management initiatives and their complex set of programs.
• Examples: Consent Order Risk and Control, FRTB, Stress Testing and Capital, Credit Analysis, and Inspection.
• This is not a typical PMO role and requires deep SME knowledge especially Market and Credit Risk, Regulatory Capital, Data and Controls – Design and Architecture and Knowledge of Agile Methodology and Principles.

Job Background/context:

• Project Managers in the Risk Organization Program Management Office are expected to have creative problem-solving skills, a track-record in managing complex multi-faceted initiatives, and a strong collaborative ability to achieve value-adding outcomes in partnership with multiple stakeholders (Risk, Businesses and other functions like Finance, Technology etc.). 
• The team is looking for a seasoned risk project manager to drive the execution of complex action plans and ensure the goals and objectives of the Risk Management programs are completed successfully. Candidates will be aligned to program based on their area of subject matter expertise.
• A strong understanding of effective risk management practices as well as thought leadership on meeting regulatory requirements will also be expected. 

Responsibilities:

• Manage best-in-class execution for the assigned project Book of Work across Risk segments/stripes (across regions) in partnership with other Program Managers across Risk, Businesses, and other functions, with 
• Manage the implementation of Risk Management Transformation initiatives providing project management support in partnership with senior Risk / Business stakeholders to:
• Coordinate the day-to-day implementation execution of action plans to meet deliverables critical to the regulatory commitments.
• Own all project reporting aspects including RAG ratings, key performance indicators, status updates, adherence to dates and deliverables and quality of deliverables.
• Manage programs progress and performance ensure the defined scope is aligned to business goals, target state and meets the spirit of the regulatory feedback to fully address the supervisory expectations and underlying root causes
• Escalate program risks or issues impacting project delivery to appropriate stakeholders; ensure mitigation strategies are developed and executed when necessary.
• Ensure consistent implementation of PMO standards, reporting and closure processes in compliance with PMO policies and standards and CAO transformation guidance.
• Facilitate, coordinate, and arbitrate periodic working groups with cross-functional teams to drive the conversation and partner with stakeholders to deliver end to end solutions.
• Manage program implementation, deliverables tracking, progress reporting, identify and communicate project risks, define mitigation strategies, manage resolutions/escalations, meet key sign off criteria and regulatory communications on cross-functional deliverables
• Perform end-to-end review and challenge of completed program deliverables to confirm quality and adequacy of deliverables against program target state during the closure process.
• Resolve complex problems, perform data analysis, and risk assessments, identify impacts/gaps and demonstrate good analytical skills in order to validate and prioritize dynamic risks and issues.
• Appropriately assess risk when business decisions are made, applying sound ethical judgment regarding conduct and business practices, and escalating control issues with transparency.
• Leverage internal / external best practices to enhance project management practices and effectiveness of governance processes to strengthen the team’s capabilities.

Development Value:.

• Experience of working in a Leading global financial services organization.
• Experience in working in Industry leading Enterprise-Wide Regulatory programs that enhance development of technical and analytical skills in addition to increased business knowledge.
• Excellent professional development opportunities for internal and external professionals with an opportunity to interact and learn from workstream leads and program sponsors (very senior leadership).

Requirements: 

• 12+ years of relevant experience, within the Financial Services industry or Big Four consulting required, during which s/he applied formal project management methodologies to the successful planning, monitoring, and reporting of complex projects spanning geographies and organizations
• SME knowledge in Risk Management disciplines in a global bank environment (e.g., enterprise risk, credit risk, market risk, operational risk, risk identification, risk appetite, etc.).
• Understanding of banking regulations and risk management supervisory expectations for global financial institutions and a strong business understanding of the products and services offers.
• Understanding of the data (design, principles) and technology models and architecture.
• Understanding of Agile methodology.