Risk Management Specialist

Emergent365; Edison (NJ); Hybrid; USD 150,000 - 160,000; Full time

Benefits offered by this job

Bonus

Job summary

Emergent365 is seeking an experienced risk professional to join their brokerage business in Edison, New Jersey. This role focuses on Operational and Financial Risk, applying the firm’s framework to mitigate risks in the Energy & Commodities sector.

The ideal candidate will have over 7 years of experience in risk assessment and knowledge of financial regulations. The position offers a competitive salary of $150-160K with a bonus and requires onsite work 3 days a week after an initial period.

Qualifications

• 7+ years Risk experience, preferably Operational or Financial Risk.
• Bachelor’s degree in business, accounting, finance, or a related field.
• Strong understanding of the Energy & Commodities market.

Responsibilities

• Identify and assess potential risks to the business.
• Update risk policies and controls within the operational risk framework.
• Conduct Training to enhance risk awareness across the organization.

Skills

Operational Risk experience

Financial Risk experience

Risk Oversight / Control experience

Knowledge of Energy & Commodities market

Understanding of regulatory framework

Education

Bachelor’s degree in business, accounting, finance, or related field

Job description

Onsite 3x per week after 3-6 mos of 5x/wk

$150-160K base + bonus

Job Summary:

Financial firm is seeking an experienced risk professional to join their brokerage business. Will be positioned within the firm’s Energy & Commodities brokerage business. The focus of the role will be Operational and Financial Risk, improving and applying the firm’s operational risk framework to mitigate risks in the Energy & Commodities business. In this role you will identify and assess potential risks to the business, including financial, operational, regulatory and brand risks. You will update risk policies and controls within the operational risk framework as needed to better protect the firm. Perform full Top-Down Risk Assessment of Energy & Commodities business, Scenario Analysis, Root Cause Analysis to advise senior business stakeholders on potential risks to the business. Hybrid role, onsite 3 days/week in Houston office.

Must have:

• 7+ years Risk experience, preferably Operational or Financial Risk.
• Some 2nd Line of Defense, Risk Oversight / Control experience desired, not required.
• Either Energy & Commodities OR Trading or Brokerage experience.

Job Description:

A Risk Advisory Business Partner works closely with the business units to identify, assess, and mitigate operational and financial risks. They integrate risk management into strategic and change management initiatives, ensuring alignment with business objectives. Additionally, they provide expert advice and support in mitigating and managing risk exposure in a commercial way, deliver meaningful analysis and reporting to both the business and senior management, ensure compliance with the risk framework and business continuity management requirements, and conduct training to enhance risk awareness and competency across the organization.

Responsibilities

Risk Identification and Assessment

• Collaborate with the business to identify and assess its material risks from business as usual activity, emerging risks, strategic and change initiatives, etc., ensuring they are understood as part of commercial and decision making activity.
• Support the business as it undertakes risk assessment activity (e.g. Risk and Control Self-Assessment, Top Down Risk Assessment, Scenario Analysis, Root Cause Analysis, etc.,) and leverage expertise to challenge the business’s logic/assumptions to ensure the assessments are thorough and complete
• Work proactively with the business to define the Group’s risk appetite (including risk appetite thresholds and key risk indicator (KRI) metrics/thresholds), ensuring it is appropriate in relation to the business’s activity and risk profile.
• Review the business risk profile against risk appetite and work with the business to identify appropriate actions to address risks that fall outside appetite.

Requirements:

• A minimum of 7+ years working in an Operational Risk program for a medium to large Financial Institution, preferably in an IDB or Capital Markets environment. Additional risk-related experience a plus.
• Bachelor’s degree in business, accounting, finance, or a related field; equivalent experience; a professional certification.
• Solid knowledge of the financial services industry and the regulatory framework in the Americas.
• Strong understanding of the Energy & Commodities market and associated products. Understanding of electronic and algo trading a plus.
• Good understanding of the post-trade workflow that supports the products noted above.
• Good understanding of risk models and measures, as well as, industry best practice in operational risk management.