Senior Financial Risk Oversight Officer

4 days ago


Norwood, Massachusetts, United States Rockland Trust Full time
Job Summary

We are seeking a highly skilled and experienced Senior Financial Risk Oversight Officer to join our team at Rockland Trust. As a key member of our Enterprise Risk Management (ERM) function, you will play a critical role in ensuring the effective management of financial risks across the organization.

Key Responsibilities
  • Financial Risk Oversight: Develop and implement a comprehensive financial risk management program, including market, liquidity, and interest rate risks.
  • Risk Assessment and Monitoring: Identify, measure, monitor, and report on liquidity and market risks, ensuring alignment with the Bank's risk appetite and risk taxonomy.
  • Collaboration and Communication: Work closely with the First Line Treasury team to ensure proper governance and control over liquidity and market risks, and provide effective challenge to their activities and operating procedures.
  • Metrics and Reporting: Develop and monitor appropriate liquidity and market risk metrics, key risk indicators, and key performance indicators for inclusion in ERM reporting and line of business reporting within Treasury.
  • Enterprise Risk Management Framework: Ensure the integration of Rockland Trust's ERM Framework throughout liquidity and market risk activities.
  • Financial Risk Assessment: Develop and execute a bottom-up financial risk assessment process to analyze, measure, and aggregate liquidity and market risks, including an assessment of the Bank's risk management practices, techniques, and controls.
  • Risk Governance and Compliance: Assess the adequacy and appropriateness of governance, policies, controls, and reporting relating to liquidity and market risk, including liquidity contingency plan framework and processes.
  • Model Risk Management: Review, assess, and challenge the analysis and modeling practices of the First Line Treasury function in support of the Second Line Model Risk Management team.
  • Internal Audit and Regulatory Exams: Participate in internal audit and regulatory risk management exams, and remediate associated findings as appropriate.
  • Change Management and Risk Tracking: Coordinate with other ERM programs to ensure appropriate change management and/or risks identified are tracked, monitored, and communicated as appropriate.
  • Risk and Control Self-Assessment: Participate in the Risk and Control Self-Assessment (RCSA) process and develop and maintain the risk and control library for liquidity and market risk.
  • Operational Risk Management: Monitor operational risk events and work with appropriate stakeholders to define root cause and support remediation actions.
  • Asset Liability Committee: Participate in the Asset Liability Committee as required.
  • Risk-Adjusted Return on Capital: Assist in the development and implementation of risk-adjusted return on capital methodologies, as appropriate.
  • Regulatory Guidance and Industry Trends: Remain up to date on regulatory guidance related to liquidity and market risk management practices and keep abreast of current trends/industry events, future developments, significant economic change, and political policies and regulations that impact our liquidity and market risk management practices.
  • Liquidity and Market Risk Exposures: Monitor and evaluate liquidity and market risk exposures with escalation of risk exposure, emerging risks, and risk-related developments, as needed.
  • Senior Management Partnership: Serve as a partner and coordinate with senior management within the First Line Treasury function in reviewing overall operations, developing, and conducting risk assessments, and advising on risk framework, risk oversight, and risk management questions as they relate to liquidity and market risk.
Requirements
  • Leadership and Team Management: Strong leadership and team management skills, with the ability to build, lead, inspire, and develop an inclusive and diverse team.
  • Strategic Vision and Change Management: Capability and experience with establishing strategic vision and driving change to achieve business targets.
  • Communication and Presentation: Effective communication and presentation skills, including senior executive interactions - can present credibly to both large and small groups.
  • Personal Responsibility and Ethics: Takes personal responsibility to lead by example. Understands and appreciates diverse backgrounds. Demonstrates strong ethics.
  • Relationship Building: Develops strong relationships across risk management and cross-functionally.
  • Leadership and Team Building: Superior leadership and team building skills, with a strong track record for attracting and developing high-performing risk management talent.
  • Communication Style: Articulate and highly effective communicator, with an energetic and approachable style.
  • Analytical and Problem-Solving Skills: Excellent analytical and problem-solving skills.
  • Attention to Detail: Strong attention to detail and accuracy.
  • Credit Analysis and Software: Proficient in credit analysis and the use of any related software.
  • Independence and Collaboration: Ability to work independently and collaboratively in a fast-paced environment.
Education and Experience
  • Education: Bachelor's degree required. Postgraduate degree or certification a plus (CFA, MSF, MBA).
  • Experience: 5-7+ years working within a First Line Treasury/ALM function or performing Second Line liquidity and market risk oversight activities in an ERM function at a financial institution.
  • Liquidity and Market Risk Knowledge: Knowledge and experience with liquidity and market risk practices (including use of models) and Treasury management.
  • Risk Assessment Framework: Experience developing/executing a risk assessment framework.
  • Banking Industry Knowledge: Knowledge of the banking industry and regulatory guidelines as they relate to liquidity and market risk management practices.
  • GRC Systems: Knowledge of governance, risk, and compliance (GRC) systems.
  • Interpersonal and Communication Skills: Excellent interpersonal, verbal, and written communication skills.
  • People Management Experience: 3-5+ years of people management experience.
  • Change Leadership: Demonstrated experience in leading change, with a track record of identifying and implementing opportunities to improve business operations and performance.
  • Partnership and Collaboration: Proven track record of establishing a proactive, constructive dialogue and partnering with professionals internally and externally.


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