A leading American Investment Bank in NYC is looking to bring on a Chief Risk Officer for their Wealth Management Division, reporting to the CRO, to build out the risk framework and capabilities for their Wealth Management business.
This hire will be responsible for the organization and coordination of all risk activities and initiatives for the US, and directly support the CRO. This person will have significant visibility to the firm, as they will be responsible for working directly with the CRO to develop and enhance the current Risk Framework and play an integral part in shaping the future of Risk Management at the firm.
Ideal candidates would have 15+ years of experience in a Risk Management role with a particular focus on Wealth Management, familiarity with Risk frameworks, regulatory standards from a Wealth Management Risk perspective, and previous experience working directly with C-suite executives and regulators.
Responsibilities:
- Coordinate risk management activities for senior leadership and business leaders
- Escalate risk matters to Desk Heads, CRO and Executive Board
- Establish risk appetite framework, define the business appetite for risk taking and establish proper controls
- Ensure the risk framework satisfies regulatory requirements, engaging directly with regulators on regulatory initiatives and compliance with standards
- Help enhance current Risk Governance framework, Risk Policy, Risk Controls, and assessments
Qualifications:
- 15+ YOE in Risk Management with a focus on Wealth Management
- Familiarity with various Risk metrics/topics/control assessments
- Strong knowledge of Capital Markets and related securities
- Excellent communication skills and ability to work with senior stakeholders
- Previous experience leading a team
- Knowledge of regulatory requirements for Risk Management
