Risk Management Consultant

4 weeks ago


Newburyport, United States Darling Consulting Group Full time

Darling Consulting Group (DCG) is a leading national provider of consulting services and online solutions to community banks and credit unions and consistently voted Top Places to Work by the Boston Globe.


Position Purpose: A DCG Risk Management Consultant’s primary responsibility is to provide the independent evaluation of the reasonableness, accuracy, and appropriateness of clients’ ALM and Liquidity models and related modeling processes. Initially, this position will focus primarily on Liquidity-based reviews. In this role the candidate will serve as the client’s main DCG contact for all assigned projects throughout the engagement, and sometimes beyond. This individual will be responsible for client communication, completion of the review in a timely manner, and presentation of the validation results to the client.   Additionally, this person may work with the Sales team as needed for potential follow-up for renewals and other cross-selling opportunities and participate in formal presentations with ALCO and/or Boards as necessary. 


Responsibilities/Duties:

  • Evaluate the adequacy and effectiveness of client’s liquidity risk management frameworks, stress testing methodologies, and contingency funding plans.
  • Assess compliance with regulatory requirements and internal policies related to liquidity risk management.
  • Review clients’ processes and controls against leading liquidity practices and industry frameworks, identify gaps in design and execution, and communicate issues and recommendations to client management.
  • Demonstrate good analytical skills and well-reasoned judgment and decision making in identifying and conveying complex issues and/or institution-specific strengths and weaknesses.
  • Provide recommendations to enhance/improve liquidity-related processes and the decision-making effectiveness of ALCO regarding liquidity risk management
  • Document and communicate the validation results and recommendations to the client. Communications are presented in both written and verbal formats. The results of a review are typically presented in a close-out call and/or presentation to client stakeholders.
  • Develop and maintain a high-level of technical expertise and current knowledge of regulations, trends, and changes related to asset/liability management, liquidity risk management, and the banking industry overall.
  • Work with clients to ensure satisfactory completion of all projects. Engage with a variety of stakeholders at the client (e.g., modeler, model manager, ALCO, Board, etc.) through multiple modes of communication (e.g., written, verbal, formal and informal presentations, etc.)  


Skills/Qualifications:

  • Strong knowledge of liquidity risk management frameworks, stress testing methodologies, and contingency funding plans is preferred; experience in a regulatory agency/accounting-audit firm/professional services/consulting services organization is a plus.
  • Familiarity with regulatory requirements and internal policies related to liquidity risk management.
  • Ability to affect change while maintaining positive relationships with all key stakeholders.
  • Excellent communication, time and client management, and organizational skills.
  • Proven ability to prioritize and multi-task in a fast-paced environment that requires the individual to work independently with minimal supervision as well as be a strong team player.
  • Minimum of a Bachelor’s degree in Finance, Accounting or Economics, with a minimum of 2-3 years financial modeling experience is preferred.
  • Willingness to periodically travel for onsite client consultation services. Typical travel is less than 10% of the year.




Career Opportunities at Darling Consulting Group

Direct all employment inquiries and resumes to Donna Harris, Chief Administrative Officer,

dharris@darlingconsulting.com

 



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