Risk Management Specialist
5 days ago
Summary
Performs a second line of defense oversight function, maintaining and implementing the enterprise-wide risk management framework. Supports business units in identifying and characterizing risks, providing second-level assurance that risks are effectively managed within the Risk Appetite Statement.
Key Responsibilities:
- Optimizes insurance coverage and manages the workers' compensation program.
- Performs risk analysis and modeling to assess probability and evaluate the impact of specific market, commodity, and credit risks.
- Manages and engages business units to advance enterprise-wide resilience programs and frameworks.
- Establishes risk frameworks, policies, and procedures implemented across NYPA and Canals.
- Ensures administration of the Executive Risk and Resiliency Management Committee and provides Board of Trustees presentation materials for Finance and Risk Committee Meetings.
- Updates and maintains the Authority's risk profile by capturing and reporting operational and enterprise-level risks.
- Manages and implements the risk management framework and underlying processes across the Authority's risk portfolio.
Requirements:
- Working knowledge of various types of risk, including market, operational, credit, liquidity, and financial instrument risk.
- General knowledge of enterprise-wide risk management program development and implementation, including best practices, frameworks, and associated software systems.
- Firm understanding of probabilistic scenario analysis and its application to risk management.
- Strong understanding of financial instruments and analysis techniques, including value at risk, cash flow at risk, and earnings at risk.
- Working knowledge of Access, Word, PowerPoint, statistical software, and MS Project.
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