Rockland Trust
Vice President, Financial Risk Oversight Officer
Rockland Trust, Norwood, Massachusetts, us, 02062
The fundamental goal of the Financial Risk Oversight Officer is to work closely with the First Line of Defense Liquidity and Market Risk functions to ensure Rockland Trust's risk management practices in these critical financial areas are appropriate for the size, complexity and scope of the organization. The Financial Risk Oversight Officer is an important role in the continued development and maturity of financial risk oversight within ERM, ensuring risk management activities are aligned with best practices and regulatory guidance.
Duties/Responsibilities:Manage the development, implementation, execution and maturity of a comprehensive second line financial risk program, including market, liquidity and interest rate risks.Ensuring the proper identification, measuring, monitoring, and reporting of liquidity & market risks in the organization, aligned with the Bank's risk appetite and risk taxonomy.Providing effective challenge to the First Line Treasury team activities and operating procedures to ensure proper governance and control over liquidity and market risks in line with Rockland Trust's ERM Policy, Risk Appetite Statement, Treasury-related policies, and within Regulatory Guidance.Development and monitoring of appropriate liquidity and market risk metrics, key risk indicators, and key performance indicators for inclusion in ERM reporting as well as line of business reporting within Treasury.Ensuring the integration of Rockland Trust's Enterprise Risk Management Framework throughout liquidity and market risk activities.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. Inclusive of risk and control mapping.Assess the adequacy and appropriateness of governance, policies, controls and reporting relating to liquidity and market risk, including liquidity contingency plan framework and processes. This includes assisting and evaluating items related to model risk (e.g. selection of model assumptions).Review, assess and challenge the analysis and modeling practices of First Line Treasury function in support and consultation with the Second Line Model Risk Management team (e.g. interest rate risk models, liquidity stress test framework).Participate in internal audit and regulatory risk management exams, and remediation of associated findings as appropriate.Coordinating with other ERM programs to ensure appropriate change management and/or risks identified are tracked, monitored and communicated as appropriate. Collaborate with various ERM stakeholders to create additional efficiencies in identification, risk assessment and reporting activities.Participation in the Risk and Control Self-Assessment (RCSA) process and development and maintenance of the risk and control library for liquidity and market risk.Monitor operational risk events and work with appropriate stakeholders to define root cause and support remediation actions.Participation in the Asset Liability Committee as required.Assist in the development and implementation of risk-adjusted return on capital methodologies, as appropriate.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.Monitor and evaluate liquidity and market risk exposures with escalation of risk exposure, emerging risks, and risk related developments, as needed.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 related to liquidity and market risk.
Required Skills/Abilities:Strong leadership and team management skills, with the ability to build, lead, inspire and develop an inclusive and diverse team.Capability and experience with establishing strategic vision and driving change to achieve business targets.Effective communication and presentation skills, including senior executive interactions - can present credibly to both large and small groups.Takes personal responsibility to lead by example. Understands and appreciates diverse backgrounds.Demonstrates strong ethics.Develops strong relationships across risk management and cross-functionally.Superior leadership and team building skills, with a strong track record for attracting and developing high performing risk management talent.Articulate and highly effective communicator, with an energetic and approachable style.Excellent analytical and problem-solving skills.Strong attention to detail and accuracy.Proficient in credit analysis and the use of any related software.Ability to work independently and collaboratively in a fast-paced environment.
Education and Experience:Bachelor's degree required. Postgraduate degree or certification a plus (CFA, MSF, MBA).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.Knowledge and experience with liquidity and market risk practices (including use of models) and Treasury management.Experience developing/executing a risk assessment framework.Knowledge of the banking industry and regulatory guidelines as they relate to liquidity and market risk management practices.Knowledge of governance, risk and compliance (GRC) systems.Excellent interpersonal, verbal and written communication skills.3-5+ years of people management experience.Demonstrated experience in leading change, with track record of identifying and implementing opportunities to improve business operations and performance.Proven track record of establishing a proactive, constructive dialogue and partnering with professionals internally and externally.
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Duties/Responsibilities:Manage the development, implementation, execution and maturity of a comprehensive second line financial risk program, including market, liquidity and interest rate risks.Ensuring the proper identification, measuring, monitoring, and reporting of liquidity & market risks in the organization, aligned with the Bank's risk appetite and risk taxonomy.Providing effective challenge to the First Line Treasury team activities and operating procedures to ensure proper governance and control over liquidity and market risks in line with Rockland Trust's ERM Policy, Risk Appetite Statement, Treasury-related policies, and within Regulatory Guidance.Development and monitoring of appropriate liquidity and market risk metrics, key risk indicators, and key performance indicators for inclusion in ERM reporting as well as line of business reporting within Treasury.Ensuring the integration of Rockland Trust's Enterprise Risk Management Framework throughout liquidity and market risk activities.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. Inclusive of risk and control mapping.Assess the adequacy and appropriateness of governance, policies, controls and reporting relating to liquidity and market risk, including liquidity contingency plan framework and processes. This includes assisting and evaluating items related to model risk (e.g. selection of model assumptions).Review, assess and challenge the analysis and modeling practices of First Line Treasury function in support and consultation with the Second Line Model Risk Management team (e.g. interest rate risk models, liquidity stress test framework).Participate in internal audit and regulatory risk management exams, and remediation of associated findings as appropriate.Coordinating with other ERM programs to ensure appropriate change management and/or risks identified are tracked, monitored and communicated as appropriate. Collaborate with various ERM stakeholders to create additional efficiencies in identification, risk assessment and reporting activities.Participation in the Risk and Control Self-Assessment (RCSA) process and development and maintenance of the risk and control library for liquidity and market risk.Monitor operational risk events and work with appropriate stakeholders to define root cause and support remediation actions.Participation in the Asset Liability Committee as required.Assist in the development and implementation of risk-adjusted return on capital methodologies, as appropriate.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.Monitor and evaluate liquidity and market risk exposures with escalation of risk exposure, emerging risks, and risk related developments, as needed.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 related to liquidity and market risk.
Required Skills/Abilities:Strong leadership and team management skills, with the ability to build, lead, inspire and develop an inclusive and diverse team.Capability and experience with establishing strategic vision and driving change to achieve business targets.Effective communication and presentation skills, including senior executive interactions - can present credibly to both large and small groups.Takes personal responsibility to lead by example. Understands and appreciates diverse backgrounds.Demonstrates strong ethics.Develops strong relationships across risk management and cross-functionally.Superior leadership and team building skills, with a strong track record for attracting and developing high performing risk management talent.Articulate and highly effective communicator, with an energetic and approachable style.Excellent analytical and problem-solving skills.Strong attention to detail and accuracy.Proficient in credit analysis and the use of any related software.Ability to work independently and collaboratively in a fast-paced environment.
Education and Experience:Bachelor's degree required. Postgraduate degree or certification a plus (CFA, MSF, MBA).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.Knowledge and experience with liquidity and market risk practices (including use of models) and Treasury management.Experience developing/executing a risk assessment framework.Knowledge of the banking industry and regulatory guidelines as they relate to liquidity and market risk management practices.Knowledge of governance, risk and compliance (GRC) systems.Excellent interpersonal, verbal and written communication skills.3-5+ years of people management experience.Demonstrated experience in leading change, with track record of identifying and implementing opportunities to improve business operations and performance.Proven track record of establishing a proactive, constructive dialogue and partnering with professionals internally and externally.
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