VP, Risk Management Job Description
VP, risk management
provides support to ensure that operational risk reporting meets the requirements of the Executive Committee, Commercial Insurance Committee (CIC), Enterprise Risk Management Committee (ERMC) and Operational Risk and Control Committee (ORCC).
VP, Risk Management Duties & Responsibilities
To write an effective VP, risk management job description, begin by listing detailed duties, responsibilities and expectations. We have included VP, risk management job description templates that you can modify and use.
Sample responsibilities for this position include:
Coordinate all relevant IT Risk activities (e.g., assessment, control testing, monitoring, reporting and remediation activities)
Develop and maintain strong business and technology relationships, becoming a trusted partner, building relationships with Corporate functions such as Audit, Corporate IT Risk and Global Technology Infrastructure
Develop and maintain model for Credit Risk Management (cf
Define a vision for executing risk management strategy from concept to final implementation
Build and manage relationships with key contacts and senior managers in related roles across the firm (including Operations, Technology, and other Firmwide risk groups)
Perform analysis of key risk measures (assess need, approach, areas of opportunity)
Architect new system builds and design enhancements to existing applications in Risk
Articulate concepts and ideas as technical requirements
Develop testing and implementation approach and manage user acceptance testing (UAT), production parallel and migration plans
Provide procedures and a production support framework for newly built applications or processes
VP, Risk Management Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for VP, Risk Management
List any licenses or certifications required by the position: PMP, CISA, CISM, CIA, FRM, CFA, CISSP, CPA, CRISC, CAMS
Education for VP, Risk Management
Typically a job would require a certain level of education.
Employers hiring for the VP, risk management job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Business, Economics, Engineering, Statistics, Accounting, Mathematics, Management, Computer Science, MBA
Skills for VP, Risk Management
Desired skills for VP, risk management include:
Commercial lease and /
Loan transactions and financial statement analysis
Risk modeling
Experience in the commercial insurance markets
Experience in the commercial insurance markets and captives
Risk management governance and controls
Ability to learn systems
Accounting software and Contact Management systems
Best practice operational risk and control techniques
Budgeting and Marketing
Desired experience for VP, risk management includes:
Experience in a quantitative role, risk management, model validation, modelling/ pricing
Superior managerial skills
Bachelor's degree in mathematics, statistics or finance
5+ years working for a financial institution as a model developer and risk analyst ie
Communicate project goals and status throughout the life-cycle of the project
Develop robust stress-explain tools
VP, Risk Management Examples
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VP, Risk Management Job Description
Job Description Example
Our growing company is hiring for a VP, risk management. 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 management
- Providing analytics to the trading desks and trading heads, focusing on risk and Profit and Loss analysis
- Optimizing existing infrastructure for better performance
- Leads and executes rating related elements of transactions, notably in M&A and leveraged finance situations
- Interacts with internal groups and clients to present rating views and develop rating related strategies
- Performs fundamental credit analysis and rating assessment of existing and new issuers
- Assesses debt capacity and rating impact of potential transactions
- Provides capital structure recommendations in the context of credit rating optimisation
- Contributes to the group’s commercial efforts alongside leverage finance and M&A
- Maintains strong relationships with the rating agencies at all level
- Performs on-going monitoring and surveillance of credit quality and rating trends in covered sectors
Qualifications for VP, risk management
- A drive for learning how global economic and political developments impact business decisions
- Proficiency in excel, including macros and modeling
- Market risks skills desirable
- Quantitative background desirable
- Minimum of 2 years of programming experience, preferably in finance
- Knowledge of consumer products – Business Banking, Commercial Card, Merchant Services/ Paymentech, International Card (Canada), Consumer Wealth Management, Auto and Student Loans, Mortgage, and others
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VP, Risk Management Job Description
Job Description Example
Our growing company is looking for a VP, risk management. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for VP, risk management
- Transform large, complex data sets from multiple sources, including consumer data, credit information, into meticulous integrated views suitable for credit risk analysis
- Provide “thought leadership,” derive meaningful relationships from data through extensive data mining and visualization, and incorporate findings into comprehensive analysis to support decision science
- Responsible for loss forecasting, stress testing, loan loss reserving, identifying risk drivers to support business decision making
- Execute these tasks flawlessly and in a timely manner for a wide range of risk assessment initiatives
- Work closely with other lines of business and business banking leadership
- Validate Loss Forecasting Models that will support ICAAP and CCAR (Comprehensive Capital Adequacy Review) Models for Business Banking Credit Portfolio as part of capital adequacy analytical models using best practice statistical standards
- Support the implementation of through-the-cycle loss estimation and calculations with new models
- Enhance the operations of the Risk Subcommittee and serve as the committee secretary
- Contribute constructively to the overall mission, management, and culture of the Risk Group and the the company and actively support the company’s diversity agenda
- Drive second line oversight and challenge of the Firms Unauthorized Trading framework, including review of incidents, risk and control assessments, management information, conformance activities
Qualifications for VP, risk management
- Regulatory exam experience with familiarity with regulations associated with Banks, Bank Holding Companies and Broker/Dealer
- Degree in Finance, Math, Engineering or Economics
- Advanced Excel, SQL, VBA
- Strong ability to prioritise work and to multi-task
- Strong understanding of credit asset class
- Solid cross-asset class knowledge
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VP, Risk Management Job Description
Job Description Example
Our company is growing rapidly and is looking for a VP, risk management. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for VP, risk management
- Other regulatory remediations as agreed and assigned
- Demonstrate ability to mentor/guide junior resources
- Assist in building analytical solutions for the proposed IFRS9 Expected Credit Loss (ECL) models and enhance the methodology when required
- Construct templates for required analysis (impact assessment, sensitivity study, etc) and provide detailed explanation to the results
- Ensure the robustness and reliability of the estimates generated by the IFRS9 engine
- Assist in converting the existing Basel parameters into Point-in-Time and Forward Looking estimates
- Assist the Head of General Provisioning in continuing to enhance the existing methodology
- Produce documentation or white papers where necessary – to explain methodology and underlying assumptions used in estimating the provisions
- Produce detailed results to explain IFRS9 results by geography, detailing and specifying the impact of Point-in-Time and Forward Looking adjustments
- Assist the Head of General Provisioning in implementing the appropriate treatment to individual Basel estimates (namely, PD, LGD, and EAD) for the portfolios on Standardised Approach
Qualifications for VP, risk management
- Strong grasp of risk governance principles
- Issuer Risk experience
- Understanding of Credit Grading principles
- Knowledge of credit trading businesses
- Good understanding of financial risk metrics
- Masters in Finance or Quantitative Sciences
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VP, Risk Management Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of VP, risk management. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for VP, risk management
- Coordinate the specific projects the production of standard and ad-hoc stress testing reports
- Lead strategy development, program governance, and regulatory reporting to achieve adequate standards for corporate governance, business operations, and risk transparency
- Lead initiatives to optimize Commerce Solutions’ risk governance framework and ensure compliance with industry standards, regulatory demands, and standards of care
- Continuously evaluate the organizational posture to secure compliance in a changing regulatory environment, mitigate risks, and improve its efficiency
- Led a strategic communications program consisting of policy, internal communications and training to sustain compliance performance at all levels of the organization
- Support global control assessments with technology teams to support continuous control monitoring
- Conceptual Soundness – Investigate the statistical and theoretical conceptual soundness of the embedded models or platform(s), along with the model selection rationale and defined assumptions
- Data, System and Process Validation – Review data reconciliations between source systems and model inputs, thresholds, parameter settings, and baseline comparison of alerts
- Perform Effective Challenge – Conduct sensitivity analysis, scenario analysis, and stress testing, and backtesting
- Outcome Analysis – Investigate deviations and compare actual outcomes to model outputs
Qualifications for VP, risk management
- Advanced programming experience using SAS, SQL or Splus/R
- 8-10 years’ experience ideally in a front office, regulatory, risk or compliance role
- Team and service oriented with a strong commitment to excellence
- Excellent understanding of conduct related matters would be an advantage
- Strong project management skills, business analysis skills, and detail-orientated
- Applicant must have unrestricted authorization to work in Hong Kong
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VP, Risk Management Job Description
Job Description Example
Our company is growing rapidly and is looking for a VP, risk management. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for VP, risk management
- Reporting – Provide summary in observation results from performing BSA/AML and OFAC/Sanctions compliance reviews, recommendations on risk assessment outcomes, and identified limitations/weaknesses
- Provide Senior Management with detailed analysis of portfolio strategies including attribution of performance and risk insight into potential risk across all asset classes
- Regular meeting with Portfolio Management to gain a better understanding of portfolio strategies and markets
- Establish robust supervisory framework for and oversee the offshore team which manages the lifecycle of onboarding a new service/supplier from input of supplier details to final approval
- Maintain desktop and other needed procedures for operations staff to utilize in performing day to day tasks
- Oversee the day to day operations of the SMP Program to ensure required procedures are followed by the operations staff
- Support process and policy changes including instantiating relevant regulatory requirements within the SMP Program
- Develop and enhance reporting targeted to stakeholders of SMP Program to include metrics, KPIs, KRIs, and other MIS
- Assist various stakeholder groups as needed to ensure timely completion of supplier risk assessments process and evolving regulatory mandates
- Partner with 1st line of Defense Operational Risk Coordinators to enable the continuous refinement of SMP Program
Qualifications for VP, risk management
- Bachelor’s degree in mathematics, statistics, finance, economics or related field plus five (5) years’ proven credit policy and/or credit risk management experience OR a Master’s degree in mathematics, statistics, finance, economics or related field plus three (3) years’ proven credit policy and/or credit risk management experience
- Translate documents to different language as required
- Ensure Risk Models are validated for use by regulators
- This role will be extremely attractive for someone who wants to progress in their career within Risk Management, as you will get access to very senior managers and regulators exposure to the organization whole risk and control framework
- Knowledge of regulatory or a risk control role in Financial Services
- Possess knowledge of capital market