Bank Risk Officer - Consumer Credit

JOB DESCRIPTION

WHY IS THIS A GREAT OPPORTUNITY?

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Opportunity Overview

 

The Risk Officer contributes to the global quality of risk management across the client bank by proactively collaborating with high-ranking leaders and line of business unit managers to ascertain, calculate, quantify, observe and report on risk dangers to the business.  The Risk Officer also represents the Risk Management Platform as a counselor and consultant to the business on the vital identification of emerging risks and the proficient means of managing recognized and projected risks. The Risk Officer is considered a subject matter expert (SME) in their area of specialization.

JOB DESCRIPTION

Critical Tasks and Accountabilities

 

The Risk Officer is accountable for the following tasks:

 

1. Providing impartial and independent counsel, consultation and risk management support in strict accordance to the Client bank’s risk frameworks and tools.
2. Aiding Enterprise Risk Management and Operational Risk Management executives in the delivery of risk education throughout the Client bank.
3. Communicating and intensifying matters of substantial risk to executive/senior leadership and business unit managers, with a robust focus on identification of patterns and tendencies along with prospective strategies to manage identified risks.
4. Cooperate with colleagues and supervisors within the risk management area to facilitate the discussion of risk and control information about the business unit(s) within the Risk Officer’s zone of responsibility.
5. Help managers in the monitoring of actions utilized by management to remediate internal control or compliance concerns.
6. Significantly aiding the Client bankwide inventory and risk assessment of models, and the justification of lesser risk models.
7. Bolstering the identification and research of operational risk events and losses within assigned business units.
8. Facilitating cross functional risk assessments in their zones of responsibility, including participating with other risk areas and functions as required.
9. Engaging in and supporting management with analyses of pre/post project risk assessments and valuations.
10. Collaborating with all respective business unit managers to ascertain, evaluate, quantify, monitor, and report bank enterprise risks in agreement with risk management plans and programs.
11. Facilitating assessment and observing the essentials of operational, enterprise, and/or quantitative risk management programs within assigned business units.
12. Aiding business unit executives in the creation of risk appetite statements and analysis, identification, and reporting of related key risk indicators.
13. Supporting respective internal bank partners with all new stress scenarios, product/service risk assessments and emerging risk analyses.
14. Overseeing the business unit risk and control information within the Client bank’s system relative to change management, quality and integrity standards, and coordination with additional user groups.
15. Supporting senior leadership with risk profile information, analyses, and reporting.

QUALIFICATIONS

Qualifications

The following background, credentials, and experience are required for the Risk Officer:

Skill Prerequisites:

1. Eight or more years of experience in a financial services company, with specialization in one of the subsequent crucial areas: commercial lending, bank operations, consumer lending, information technology, finance, and/or wealth management.
2. Eight or more years of experience applying internal control frameworks, risk management methodologies, and regulatory requests in the respective area of specialization.

 

Necessities

The subsequent requirements apply to the Risk Officer opportunity;

1. Knowledge and/or ability to analyze and recognize credit trends in uniform loan pools.
2. Aptitude to understand local/regional/national markets and economies as well as estimate the possible effect on consumer loan portfolios.
3. Demonstrated knowledge and familiarity of the consumer loan life cycle, plus principles of consumer credit processes, procedures, policy, and/or controls.
4. Awareness with the methods and workflow of loan loss provisioning and the allowance for loan and/or lease losses.
5. Subject matter expertise (S.M.E.) in credit and operational risks germane to portfolio administration, origination, underwriting, collections, loan charge offs and retrieval.

Aptitudes

1. Microsoft Excel data management techniques experience for analysis and reporting.
2. Awareness of bank corporate governance principles.
3. Aptitude to manage numerous work streams and deliverables as well as coordinate transversely functional initiatives.
4. Knowledge of internal control principles and practices.
5. Honed and mature facilitation skills.
6. Far-reaching understanding of banking and financial services.
7. Awareness with risk assessment and management frameworks and policies.
8. Fluency with the banking regulatory environment.

Education and/or Accreditations

1. Bachelor’s degree in business, quantitative analysis, finance, mathematics, statistics, accounting, or related fields.
2. Masters or advanced degree preferred but not required; professional certifications in a related field such as internal audit, risk management, information security, compliance, wealth management, finance, technology, accounting, or fraud.

Total Years of Experience:
7-8+