Risk Analyst

Janney Montgomery Scott; Philadelphia (Philadelphia County); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Paid Parental Leave

Paid Time Off

$2,000 referral bonus

Employee Ownership

Professional Development Assistance

Job summary

Janney is seeking a risk management professional to join our Philadelphia team. The role focuses on oversight of securities lending, operations and controls, and vendor risk management while collaborating with departments across the firm.

The candidate should have a four-year degree (or equivalent), 3+ years in financial services, and strong analytical and communication skills to support senior leadership and auditors. On-site presence three days per week in Philadelphia.

Qualifications

• Four year college degree preferred, or equivalent industry experience required.
• Over three years of work experience in financial services preferred.
• Critical thinking skills, able to analyze scenarios and communicate the results effectively.
• Team player with initiative and ability to execute with minimal direction.
• Professional with relationship-building skills across business lines.
• Attention to detail and ability to multi-task in a fast-paced environment.
• Working knowledge of Microsoft Office Suite and Excel is required.
• Knowledge of SQL and Capital Markets trading platforms would be a plus.

Responsibilities

• Distribute daily Fixed Income risk reports to monitor inventory levels and hedging strategy.
• Coordinate and manage vendor due diligence and onboarding processes.
• Preserve and monitor the framework for securities lending risk.
• Research counterparties and establish credit limits during onboarding.
• Evaluate counterparty financial stability and adjust limits accordingly.
• Create hypothetical scenarios to assess exposure and review collateral obligations.
• Monitor contract differences, concentration thresholds and limit breaches.
• Report deviations to senior management and compile weekly presentations.
• Interface with auditors to evaluate the control environment.
• Prepare and manage annual Compliance Report for CFO certification.
• Collaborate with Trading, Compliance, Operations, IT and Finance to meet regulatory obligations.
• Develop and implement AI use cases to drive efficiency.

Skills

Analytical ability

Communication

Initiative

Building relationships

Education

Four year college degree preferred, or equivalent industry experience

Tools

SQL

Capital Markets platforms

Microsoft Office Suite

Excel

Job description

Janney is an award-winning full-service financial services firm committed to understanding our clients' needs and providing advice beyond investments. We are equally committed to building a diverse workforce and inclusive culture where employees can use their talents to thrive and grow professionally with the firm.

The Risk Management Department plays a key role in the firm’s ongoing efforts to mitigate market, operational and regulatory risk. The Department currently concentrates its efforts on Securities Lending oversight, Operations and Control Testing and Third-Party Vendor Risk Management.

What you are good at:

Analytical ability - Able to effectively review information and data in order to identify issues and opportunities;

Communication - Must be able to effectually communicate verbally and in writing with senior level leadership;

Initiative - Proactively look for opportunities to enhance our risk management framework;

Building Relationships - Connecting with others in a way that fosters trust and creates collaborative relationships

Responsibilities:

• Distribute daily Fixed Income risk reports to monitor inventory levels and hedging strategy
• Coordinate and manage firm-wide initial and ongoing due diligence process for vendor management
• Preserve the framework for monitoring of the securities lending business
• Research new counterparties and establish credit limits during onboarding
• Evaluate existing counterparties for financial stability and adjust limits accordingly
• Create hypothetical scenarios to assess exposure and review collateral obligations
• Monitor adverse contract differences, concentration thresholds and limit breaches
• Evaluate risk exposure and report deviations of concern to senior management
• Compile presentations and identify outliers for a weekly Operations meeting
• Interface with internal and external auditors to evaluate Janney’s control environment
• Perform and manage the annual Compliance Report for CFO certification
• Liaison between Grant Thornton and operational control owners
• Develop and execute tests to ensure internal controls are operating as intended
• Support Trading, Compliance, Operations, IT and Finance to meet their regulatory obligations
• Create Form Custody Report on quarterly basis as an addendum to the FOCUS filing
• Monitor suspense account balances and confirm managerial review of activity
• Develop and implement AI use cases to drive efficiency and streamline processes

What you have:

• Four year college degree preferred, or equivalent industry experience required
• Over three years of work experience in financial services preferred
• Critical thinking skills, able to analyze scenarios and communicate the results effectively
• Team player with a sense of initiative and ability to execute with minimal direction
• Professional with relationship building skills who can collaborate across business lines
• Attention to detail and ability to multi-task in a fast-paced environment is essential
• Working knowledge of Microsoft Office Suite and Excel is required
• Knowledge of SQL and Capital Markets trading platforms would be a plus

This position requires you to work out of the Philadelphia, PA office three days a week.

Why work for us:

Benefits: Janney believes that its employees are the key to what makes a great company. Although work makes up a large portion of an employee’s life, we believe that a balance between work and non-work activities is essential to maintain quality performance and a positive work atmosphere. We offer a competitive package including Paid Parental Leave, generous Paid Time Off, eligibility for a $2,000 referral bonus, Employee Ownership, and Professional Development Assistance Plan designed to help you make the most of your life at work and at home today and in the future. Explore further.

Benefits:

• Paid Parental Leave
• generous Paid Time Off
• eligibility for a $2,000 referral bonus
• Employee Ownership
• Professional Development Assistance Plan

Janney is an award-winning full-service financial services firm committed to understanding our clients' needs and providing advice beyond investments. We are equally committed to building a diverse workforce and inclusive culture where employees can use their talents to thrive and grow professionally with the firm. Fostering a positive workplace experience remains a top priority. People are our strongest asset.

Janney is an equal opportunity employer and makes employment decisions on the basis of merit and business needs.