FS R&R Financial Risk – Financial Risk Transformation, Senior Manager

PRICE WATERHOUSE COOPERS; Florham Park (NJ); On-site; USD 100,000 - 160,000; Full time

Job summary

An established industry player is seeking a Senior Manager for their Risk & Regulatory Advisory team. This role involves advising financial institutions on credit risk management, focusing on wholesale loan transformation initiatives. As a strategic advisor, you will leverage your expertise to navigate complex regulatory landscapes and enhance internal controls. You will lead diverse teams, fostering an inclusive environment while delivering impactful solutions. If you are passionate about risk management and thrive in dynamic settings, this opportunity offers a chance to make a significant impact in the financial sector.

Qualifications

• 8+ years of experience in risk management and financial advisory.
• Strong background in credit risk management and project facilitation.

Responsibilities

• Advise financial institutions on credit risk management topics.
• Lead teams to design and implement risk strategies for clients.

Skills

Credit Risk Management

Project Management

Client Consultation

Data Analysis

Communication Skills

Problem Solving

Education

Bachelor Degree

Master Degree

Tools

MS Office

Job description

At PwC, our people in risk and compliance focus on maintaining regulatory compliance and managing risks for clients, providing advice, and solutions. They help organisations navigate complex regulatory landscapes and enhance their internal controls to mitigate risks effectively. In treasury risk management at PwC, you will focus on assessing and mitigating financial risks for clients, assisting in effective cash management and liquidity, and optimising capital allocation strategies. You will provide advice in risk analysis, hedging strategies, and regulatory compliance to help clients navigate the complexities of treasury operations.

Growing as a strategic advisor, you leverage your influence, expertise, and network to deliver quality results. You motivate and coach others, coming together to solve complex problems. As you increase in autonomy, you apply sound judgment, recognising when to take action and when to escalate. You are expected to solve through complexity, ask thoughtful questions, and clearly communicate how things fit together. Your ability to develop and sustain high performing, diverse, and inclusive teams, and your commitment to excellence, contributes to the success of our Firm.

Examples of the skills, knowledge, and experiences you need to lead and deliver value at this level include but are not limited to:

• Craft and convey clear, impactful and engaging messages that tell a holistic story.
• Apply systems thinking to identify underlying problems and/or opportunities.
• Validate outcomes with clients, share alternative perspectives, and act on client feedback.
• Direct the team through complexity, demonstrating composure through ambiguous, challenging and uncertain situations.
• Deepen and evolve your expertise with a focus on staying relevant.
• Initiate open and honest coaching conversations at all levels.
• Make difficult decisions and take action to resolve issues hindering team effectiveness.
• Model and reinforce professional and technical standards (e.g. refer to specific PwC tax and audit guidance), the Firm's code of conduct, and independence requirements.

As a Senior Manager of the Risk & Regulatory Advisory team, you will serve as a Subject Matter Expert and advise financial institutions on a broad range of credit risk management topics with a keen focus on wholesale loan transformation initiatives for First and Second Line of Defense, including the following: wholesale banking including lending and trading products and processes; governance policy, standards, and procedure assessment and development; Target Operating Model design, build and implementation; Risk data management, data governance; quality analysis and remediation. You will work on a team evaluating, designing, and implementing wholesale banking risk strategies to support our clients in effectively addressing key market challenges.

Job Requirements and Preferences:

Basic Qualifications:

Minimum Degree Required: Bachelor Degree

Minimum Years of Experience: 8 year(s)

Preferred Qualifications:

Degree Preferred: Master Degree

Preferred Fields of Study: Business Administration/Management, Information Systems Management, Information Technology, Computer Science, Financial Mathematics, Mathematics, Accounting & Finance, Finance, Financial Markets, Economics and Finance, Quantitative Finance, Banking and Finance, Economics, Business Analytics, Mathematical Statistics, Statistics, Applied Mathematics

Preferred Knowledge/Skills:

• Demonstrates extensive abilities and/or a proven record of success in how to lead or facilitate relevant project/program management or client consultations in the areas of credit-related activities and risk management, emphasizing a combination of the following areas:
• Leveraging know-how of commercial and retail lending (e.g. auto, credit card, mortgage, syndicated, committed and uncommitted bilateral, CRE, ABS), and the lending cycle or Counterparty credit and trading activities involving derivatives and securities financial transactions;
• Experience with risk reporting (e.g. Single Name Exposure, Enterprise Concentration Risk Management, State of Risk) and BCBS 239 principles;
• Design and deliver effective solutions to transform banks’ banking and trading book related risk reporting processes;
• Work with cross-functional teams to analyze, modify and build/assess process workflows & controls in the Risk Reporting to enable effective management and accuracy of Risk data from various Risk stripes;
• Conduct current state assessment, gap analysis and Target Operating Model design, build, and implementation pertaining to Risk reporting related processes;
• Ability to assess Risk management policies, procedures and standards and develop/update them as needed;
• Perform regulatory remediation work (e.g. MRA/MRIA remediation) and prepare documentation to evidence compliance with regulatory findings;
• Develop data requirements and associated metrics to resolve data quality issues;
• Identify data quality issues and performing root-cause analysis, remediation on the issues;
• General understanding of Internal Audit and Quality Assurance processes and expectations.

Demonstrate extensive abilities and/or a proven record of success in each of the following areas:

• Designing and implementing process improvement solutions, leveraging PC applications including MS Office (Word, Excel, Access, PowerPoint);
• Identifying and addressing client needs. Prepare, coordinate, and deliver complex written and verbal materials to clients, senior management or (e.g., PPT presentations, summary reports/ memos, oral presentations);
• Supervising teams to create an atmosphere of trust, seeking diverse views to encourage improvement and innovation, and coaching staff, including providing timely meaningful written and verbal feedback;
• Identifying and addressing client needs by building and maintaining trust (e.g., client relationship management);
• Considering cross-cultural differences, seek diverse views to encourage improvement and innovation, and fostering a global mindset for the team. Experience in working with and managing on-shore and off-shore teams;
• Communicating project goals and objectives, project status and deliverables, build consensus and present standard industry practices/point of view effectively. Keep leadership informed of progress and issues;
• Detail-oriented, organized, and able to multitask to meet deadlines under pressure.