Risk Director, Investment Banking

Description

The Risk Director, Investment Banking is a leadership role on the Commercial Banking Risk team, which is a front-line unit risk function. The Risk Director will support the investment banking business of Citizens, which includes syndicated loan underwriting and sales & trading; debt and equity securities underwriting and sales & trading, and mergers and acquisitions advisory business that operate within Capital Markets and Advisory. The Risk Director is responsible, along with business unit management, for establishing and monitoring all aspects of material risk related to investment banking. Determines if actions need to be taken to strengthen risk management or reduce risk given performance against the business unit’s risk profile and tolerances. The Risk Director is responsible for developing and maintaining an effective end to end risk management program including risk identification, assessment and quantification, aggregation reporting, monitoring and control improvement. This includes ensuring the risk management framework, processes and practices executed comply with internal policy and applicable regulatory requirements and expectations (in particular SEC and FINRA requirements around in scope businesses). Ensures appropriate exam outcomes through exam management protocols. Maintains strong relationships with business leaders, support staff, broker-dealer compliance, Independent Risk Management, Internal Audit, and the regulators of Capital Markets and Advisory.

Responsibilities Include (but are not limited to):

• Manages all aspects of risk and assesses, on an ongoing basis, the material risks associated with the businesses in scope, including the manner in which products are developed, launched, sold and processed end to end.
• Develops and maintains an effective end to end Risk Management program including control effectiveness measures, including execution of Risk and Control Self-Assessments (RCSA).
• Responsible for issue management including partnering with business leaders to develop action plans that will deliver intended outcomes within defined timelines while identifying themes and related holistic remediation plans.
• Provides day to day support to the business unit, providing knowledge and expertise on the appropriate implementation of Regulations, Rules and industry standards through procedures, other guidelines, and industry best practices.
• Ensures appropriate exam outcomes through exam management protocols. Maintains strong relationships with Independent Risk Management, Internal Audit, and regulators.
• Leads teams on risk and product related initiatives to meet corporate, divisional and business line objectives.
• Advise on new products, initiatives and strategies from a risk and control perspective; guide the business unit(s) through the various governance approvals related to new initiatives.
• Manages and builds multiple teams of skilled, engaged and customer-focused colleagues including technical subject matter experts.

Experience and Skills:

• 10+ years Risk management or equivalent experience gained from working in securities underwriting and trading, including articulation and assessment of key control adequacy and effectiveness.
• Expert knowledge of FINRA and OCC internal controls and risk assessment requirements.
• Experience in an organization that is under strong regulatory oversight and scrutiny, preferably under the SEC, FINRA, and banking (FRB, OCC) regulatory agencies.
• Knowledge of securities underwriting, sales, and trading risk management practices and regulatory requirements.
• Decisiveness and sound judgment on a consistent basis.
• Develop and maintain high impact relationships with senior executives.
• Influencing and conflict resolution skills.
• Excellent business writing skills.
• Proven leadership and management skills in a professional environment.
• Project management skills to support multiple complex assignments on behalf of various stakeholders.
• Proficient use of MS Word, MS Excel and PowerPoint and Visio.

Education:

• Bachelor's degree required.
• Graduate degree or relevant professional designation preferred.

Hours & Work Schedule:

• Hours per Week: 40
• Work Schedule: Monday-Friday

Equal Employment Opportunity

At Citizens, we are committed to fostering an inclusive culture that enables colleagues to bring their best selves to work every day. Employment decisions are based solely on experience, performance, and ability. Citizens provides equal employment and advancement opportunities to all colleagues and applicants for employment without regard to any category protected by federal, state and/or local laws.

Why Work for Us

At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth.

Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks.