Senior Financial Risk Manager

Emigrant Bank; Miami (FL); Hybrid; USD 120,000 - 150,000; Full time

Job summary

A leading bank is seeking a Senior Financial Risk Manager to enhance their Enterprise Risk Management function. This pivotal role involves assessing credit risks, evaluating investments, and collaborating closely with the Chief Risk Officer to ensure compliance and effective risk management strategies in a hybrid work setup.

Qualifications

• Ten+ years relevant experience with banks or financial institutions in a credit risk function.
• Formal credit training and thorough knowledge of regulatory laws.
• Strong communication skills and ability to manage relationships.

Responsibilities

• Conduct periodic credit risk assessment and monitor credit performance.
• Assist in designing key risk indicator (KRI) framework.
• Maintain relationships with Business Heads regarding risk management.

Skills

Analytical skills

Project management

Communication

Credit risk assessment

Financial risk management

Education

Bachelor's degree in a relevant discipline

Advanced degree preferred

Professional certifications in risk management

Tools

Microsoft PowerPoint

Microsoft Excel

Job description

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Employment Status: Full-Time, Exempt

Office Location: Remote / Hybrid (NYC or Miami)

Job Summary

Reporting to the Chief Risk Officer (CRO), the Senior Manager plays a pivotal role in the advancement and maturation of the Enterprise Risk Management (ERM) function at Emigrant. The Senior Financial Risk Manager will assist the CRO in establishing various programs in support of an expanded risk management function, with particular focus on credit administration and other financial risks such as liquidity, interest rate and market risk.

Essential Responsibilities And Duties

Conduct periodic credit risk assessment and monitor credit performance associated with FinTech charge card programs.

Position: Senior Financial Risk Manager

Department: Risk Management

Reports To: Chief Risk Officer

Employment Status: Full-Time, Exempt

Office Location: Remote / Hybrid (NYC or Miami)

Job Summary

Reporting to the Chief Risk Officer (CRO), the Senior Manager plays a pivotal role in the advancement and maturation of the Enterprise Risk Management (ERM) function at Emigrant. The Senior Financial Risk Manager will assist the CRO in establishing various programs in support of an expanded risk management function, with particular focus on credit administration and other financial risks such as liquidity, interest rate and market risk.

Essential Responsibilities And Duties

Conduct periodic credit risk assessment and monitor credit performance associated with FinTech charge card programs.

Conduct periodic counterparty risk assessment of FinTech partners.

Assist in designing key risk indicator (KRI) framework along with the calibration of thresholds across financial risk dimensions (credit, liquidity, IRR and market risk).

Develop and maintain enterprise credit risk summaries and reporting.

Review and challenge assumptions and results of annual credit and liquidity stress tests.

Review and challenge valuations of certain investments.

Assist in formation of risk appetite statements and monitoring of compliance.

Maintain excellent relationships with Business Heads to understand risks pertinent to the unit and its control environment.

General Responsibilities

Comply with all safety policies, practices and procedures. Report all unsafe activities to supervisor and/or Human Resources.

Participate in proactive team efforts to achieve departmental and company goals.

Perform other duties as assigned.

Provide leadership to others through example and sharing of knowledge/skill.

Receive very general guidance with respect to overall objectives; work is usually quite independent of others; operate within specific policy guidelines.

Prioritize, and organize assignments.

Handle multiple tasks simultaneously.

Qualifications

Ten+ years relevant experience with banks or other financial institutions, ideally in a credit risk function.

Formal credit training.

Thorough knowledge of the laws and regulations from regulatory agencies, and solid understanding of internal controls

Bachelor's degree in a relevant discipline required. Advanced degree preferred. Professional certifications in risk management, audit, project management or investment management highly appreciated.

Additional Requirements

Superior verbal and written communication skills.

Entrepreneurial spirit and attitude necessary to establish and maintain positive working relationships with all management and personnel.

Ability to communicate complex concepts with a diverse audience.

Superior Microsoft Office skills required, with particular emphasis on outstanding PowerPoint presentation and Excel skills.

Strong organizational and project management skills needed to handle the coordination of multiple priorities.

Independent judgment with strong analytical and risk assessment skills.

A wide degree of creativity and latitude.

The job description outlined above is considered a core list of job duties/requirements. This document should not be considered a complete or comprehensive list. The incumbent assigned to this position is required to perform the duties listed above. The incumbent is also expected to adapt to changes and/or additions as needed. Nothing contained within this document is intended or shall be construed to create or constitute a contract of employment between any employee or group of employees and Emigrant Savings Bank and its Subsidiaries. Emigrant Savings Bank and its Subsidiaries retains and reserves any and all rights to change, modify , amend, add to or delete from any section of this document as it deems, in its judgment, to be proper.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Contract

Job function

• Job function

  Accounting/Auditing and Finance

• Industries

  Accounting

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