VP Risk Job Description
VP risk
provides project, policy, and advisory support on anti-money laundering and other financial crime risk.
VP Risk Duties & Responsibilities
To write an effective VP risk job description, begin by listing detailed duties, responsibilities and expectations. We have included VP risk job description templates that you can modify and use.
Sample responsibilities for this position include:
Achieve and maintain global regulatory compliance (RDA, PRA, OCC, CCAR)
Support development and validation of credit risk capital models for probability of default (PD), loss given default (LGD), exposure at default (EAD) for both Basel II & economic capital across all consumer LOBs
Perform key results monitoring, periodic validation and quality control of existing models
Perform Basel RWA forecasting modeling and analytics across LOBs
Help line of business capital teams in following consistently sound standards for data capture, modeling approaches, documentation and controls
Research and develop capital modeling advancements and alternatives
Assist in developing the Operating Model and governance structure to support the delivery of conduct risk management within IB Compliance
Partner with the business and other control functions in relation to conduct risk management, participating in and contributing to cross functional forums
Coordinate the provision of subject matter expertise and advice to the Front Office and Compliance on the Conduct Risk framework
Coordinate timely collection, analysis and challenge of conduct risk related management information, and assist in formulating Compliance’s assessment of identification and mitigation of Conduct Risk
VP Risk Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for VP Risk
List any licenses or certifications required by the position: CISSP, CISA, CISM, CIA, CPA, PMP, AML, GIAC, MBA, MS
Education for VP Risk
Typically a job would require a certain level of education.
Employers hiring for the VP risk job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Economics, Statistics, Mathematics, Engineering, Business, MBA, Management, Accounting, Education
Skills for VP Risk
Desired skills for VP risk include:
Commercial lease and /
Loan transactions and financial statement analysis
CCAR
Dodd Frank
Excel
Of: Basel
Risk modeling
Word
Anti-Money Laundering
Bank's policy and guidelines
Desired experience for VP risk includes:
3+ years working knowledge and experience of Fed/NYSDFS/SEC based regulation (operating assessments, on site exams, ad hoc requests, etc)
5+ years working knowledge of tradeable financial products including risk quantification
Provide strategic coverage, governance and oversight, risk analysis, management information and process enhancements across the Conduct Risk framework
Assist in coordinating IB Compliance’s participation in Conduct Risk assessments
Preparation of and delivery of Conduct Risk related presentations and training
Preparation of and delivery of Conduct Risk related MI to Compliance Senior Management
VP Risk Examples
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VP Risk Job Description
Job Description Example
Our innovative and growing company is hiring for a VP risk. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for VP risk
- Professional experience in financial services and/or consultancy, a significant period of which working on medium to large scale projects (preferably regulatory and/or risk)
- Experience in risk management (preferably Operational Risk Management) and change management
- Pro-active, self-motivated and results-focused
- Highly proficient with Microsoft PowerPoint, Visio (or equivalent)
- Monitor key decisions and issues log
- Provide independent approval and governance of front line unit activities
- Manage approval function, including new product/market strategy and reputational risk mitigation
- Identify and monitor key and emerging risks and issues
- Build and lead a team of Operational Risk Managers to effectively perform 2nd Line of Defence monitoring and assessment of operational risk management across the respective coverage countries and regional business divisions and infrastructure functions
- Manage the regional stakeholder relationships across several countries and with functions
Qualifications for VP risk
- Must be comfortable making and taking accountability for decisions
- The ideal candidate must has over 10 years of working experience in banking sector with underwriting for corporate in LLC or SOE
- The jobholder has to possess good knowledge on banking regulations, operations, audit and control concepts in order to develop a set of effective standard guidelines that can be implemented
- The Role holder will assist in data gathering and analysis in order to respond to regulatory inquiries and reporting concerning the Financial Crime agenda in a complete and timely fashion
- The Role holder will provide support toward the following submissions and initiatives
- C-Suite level presentation experience required
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VP Risk Job Description
Job Description Example
Our growing company is hiring for a VP risk. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for VP risk
- Identifying, assessing and monitoring liquidity risks related to the Banks’ business activities
- Maintaining active dialogue with business units, Bank treasury, risk management colleagues, and other groups regarding business strategies, risk representation, and limit compliance
- Executing projects to investigate and improve the risk representation of the Bank’s liquidity risk, contingency funding plans, asset-liability management, and stress testing framework
- Liaising with the Global Rates class head to discuss the results of reviews, implementations and ongoing monitoring of models
- To lead and deliver Compliance Reviews and 2nd level control work, as required by the annual plan
- To manage stakeholder engagement through building effective network within the business and compliance advisory functions
- To actively contribute to the compliance risk assessment campaign and the design of the annual plan
- Prepare written reports for submission
- Liaison with Advisory compliance officers and/or the Control Room on monitoring related issues
- Market risk management and analysis of the Prime Services business in Dublin Branch
Qualifications for VP risk
- Responsible for managing the Global valuation Governance Policy, including proposing updates and modifications as the valuation landscape changes
- Coordinating the PC/VRG Bi-Weekly Valuation Forum and be a central contributor to emerging valuation issues
- Lead the Valuation Quality Assurance Review process including setting the annual agenda and ensuring reviews are completed and followed up on
- Ownership of the Significant Unobservable Parameters and Price Policy including all Level, C2 and D reporting
- Resolve outstanding meeting metrics working with various members of PC
- Manage and review the preparation of the fair value level 3 quantitative and qualitative disclosures for CS Group and IFRS Standalone entities
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VP Risk Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of VP risk. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for VP risk
- Lead a small team of Liquidity Risk professionals, working with key stakeholders, Business and Risk departments, to advance the Company’s initiatives for management of liquidity and associated risks
- Maintain thorough understanding of the regulatory requirements regarding liquidity risk
- Manage framework, systems and process changes to enable high quality deliverables from Liquidity Risk
- Lead in any in depth analytics at trade or book or asset level required to supplement results coming from system
- Coordinate with Scenario design lead, market risk portfolio managers and Market Risk Portfolio analytic managers to ensure capture of all material and emerging risk IDs in the results
- Coordinate with MTM production lead to ensure accuracy of figures produced
- Coordinate with Group Portfolio Stress Testing Team’s scenario expansion team for assessment of scenario design and pricing information set up and conduct analytics there off
- Provide front to back analytic support on all Trading MTM and IDL related issues
- Risk oversight of E-Trading client activity and subject matter expertise
- Work closely with a diverse set of stakeholders within the front office other functional support groups
Qualifications for VP risk
- Facilitation and preparation for meetings with PC senior management and CS Firm management
- Maintain the PC certification materials and deliver periodic training sessions to the PC
- Strong knowledge of financing structures, including exposure to structured lending transactions, derivative products related documentation
- Have a track record of quickly building and maintaining relationships
- Detail focussed • Be able to efficiently dissect and solve complex problems
- The right candidate will possess a proven track record in process & controls framework design, reporting and management
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VP Risk Job Description
Job Description Example
Our growing company is hiring for a VP risk. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for VP risk
- Governance and controls framework
- Assist in the development and implementation of a firmwide Risk Identification Policy
- Help to maintain an inventory of material risks, including new, emerging and changing risks, across LOBs and their linkage to capital planning and capital stress testing processes
- Monitor adherence to procedures for inventory maintenance and Risk Committee reviews across all LOBs, escalation of material changes to the Firmwide Risk Committee and Capital Governance Committee for consideration in capital planning and scenario design
- Contribute to enhanced management and Board reporting around risk identification
- Ownership of the governance framework for Market Risk data quality
- Lead, or participate in, other operational risk initiatives across CTC and ORG, as assigned
- Manage FRM portfolio of regulatory initiatives
- Produces and maintain project plans, resource allocation including internal subject matter experts and potential external consultants
- Ensure timely and accurate completion of Self-Assessment analyses
Qualifications for VP risk
- Frequent senior management contact and presentations
- The candidate should be able to provide expertise across the IB on how the framework can be used by the first and second lines of defense
- Applicant must have unrestricted authorization to work in Dubai
- Strong quantitative and analytical background with an understanding of risk management concepts (e.g., VaR, MTM Stress
- Ability to conduct complex work under pressure / deliver high quality results You must be able to demonstrate that you live the
- The amount of supervision required for this position is minimal
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VP Risk Job Description
Job Description Example
Our growing company is looking to fill the role of VP risk. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for VP risk
- Managing the risk profile of group-wide credit portfolio including written presentations to senior stakeholders including the Board Financial Risk Committee
- Setting and managing risk appetite on a forward looking basis including mandate and scale credit limits
- Monitoring economic, market and industry trends to inform portfolio decisions
- Oversight of stress testing and medium term planning process
- Coordination, oversight and sign-off of regulatory deliverables
- Evaluate the models based on various aspects including – model data and parameters, design and methodology, implementation and model documentation
- Perform model benchmarking by using alternate approaches
- Independently assess model assumptions and limitations
- Verbally communicate validation results and discuss issues, challenges and methodologies with internal audiences including senior management
- Own and track the corrective action plan for models and ensure that they are closed appropriately
Qualifications for VP risk
- Relevant experience in Market Risk within the Financial Market / Investment Banking industry (other relevant backgrounds Trading, Product Control, IPV will also be considered)
- Oversee the fair value disclosure reporting including coordination between PC and FA as well ensuring proper control of reporting and review process
- Seven years proven operational risk management at senior management level, or equivalent
- Having exposure to a range of corporate and industrial entities
- Drive a coordinated and consistent approach to credit risk management across LOBs through common infrastructure and unified wholesale policies
- At least 7 years of experience in financial services covering traded credit products