Emigrant Bank
Senior Financial Risk Manager
Emigrant Bank, Miami, FL
Position: Senior Financial Risk Manager
Department: Risk Management
Reports To: Chief Risk Officer
Employment Status: Full-Time, Exempt
Office Location: Remote / Hybrid (NYC or Miami)
Job Summary
Reporting to the Chief Risk Officer (CRO), the Senior Manager plays a pivotal role in the advancement and maturation of the Enterprise Risk Management (ERM) function at Emigrant. The Senior Financial Risk Manager will assist the CRO in establishing various programs in support of an expanded risk management function, with particular focus on credit administration and other financial risks such as liquidity, interest rate and market risk.
Essential Responsibilities and Duties:
• Conduct periodic credit risk assessment and monitor credit performance associated with FinTech charge card programs.
• Conduct periodic counterparty risk assessment of FinTech partners.
• Assist in designing key risk indicator (KRI) framework along with the calibration of thresholds across financial risk dimensions (credit, liquidity, IRR and market risk).
• Develop and maintain enterprise credit risk summaries and reporting.
• Review and challenge assumptions and results of annual credit and liquidity stress tests.
• Review and challenge valuations of certain investments.
• Assist in formation of risk appetite statements and monitoring of compliance.
• Maintain excellent relationships with Business Heads to understand risks pertinent to the unit and its control environment.
General Responsibilities:
• Comply with all safety policies, practices and procedures. Report all unsafe activities to supervisor and/or Human Resources.
• Participate in proactive team efforts to achieve departmental and company goals.
• Perform other duties as assigned.
• Provide leadership to others through example and sharing of knowledge/skill.
• Receive very general guidance with respect to overall objectives; work is usually quite independent of others; operate within specific policy guidelines.
• Prioritize, and organize assignments.
• Handle multiple tasks simultaneously.
Qualifications:
• Ten+ years relevant experience with banks or other financial institutions, ideally in a credit risk function.
• Formal credit training.
• Thorough knowledge of the laws and regulations from regulatory agencies, and solid understanding of internal controls
• Bachelor's degree in a relevant discipline required. Advanced degree preferred. Professional certifications in risk management, audit, project management or investment management highly appreciated.
Additional Requirements:
• Superior verbal and written communication skills.
• Entrepreneurial spirit and attitude necessary to establish and maintain positive working relationships with all management and personnel.
• Ability to communicate complex concepts with a diverse audience.
• Superior Microsoft Office skills required, with particular emphasis on outstanding PowerPoint presentation and Excel skills.
• Strong organizational and project management skills needed to handle the coordination of multiple priorities.
• Independent judgment with strong analytical and risk assessment skills.
• A wide degree of creativity and latitude.
The job description outlined above is considered a core list of job duties/requirements. This document should not be considered a complete or comprehensive list. The incumbent assigned to this position is required to perform the duties listed above. The incumbent is also expected to adapt to changes and/or additions as needed. Nothing contained within this document is intended or shall be construed to create or constitute a contract of employment between any employee or group of employees and Emigrant Savings Bank and its Subsidiaries. Emigrant Savings Bank and its Subsidiaries retains and reserves any and all rights to change, modify , amend, add to or delete from any section of this document as it deems, in its judgment, to be proper.
Department: Risk Management
Reports To: Chief Risk Officer
Employment Status: Full-Time, Exempt
Office Location: Remote / Hybrid (NYC or Miami)
Job Summary
Reporting to the Chief Risk Officer (CRO), the Senior Manager plays a pivotal role in the advancement and maturation of the Enterprise Risk Management (ERM) function at Emigrant. The Senior Financial Risk Manager will assist the CRO in establishing various programs in support of an expanded risk management function, with particular focus on credit administration and other financial risks such as liquidity, interest rate and market risk.
Essential Responsibilities and Duties:
• Conduct periodic credit risk assessment and monitor credit performance associated with FinTech charge card programs.
• Conduct periodic counterparty risk assessment of FinTech partners.
• Assist in designing key risk indicator (KRI) framework along with the calibration of thresholds across financial risk dimensions (credit, liquidity, IRR and market risk).
• Develop and maintain enterprise credit risk summaries and reporting.
• Review and challenge assumptions and results of annual credit and liquidity stress tests.
• Review and challenge valuations of certain investments.
• Assist in formation of risk appetite statements and monitoring of compliance.
• Maintain excellent relationships with Business Heads to understand risks pertinent to the unit and its control environment.
General Responsibilities:
• Comply with all safety policies, practices and procedures. Report all unsafe activities to supervisor and/or Human Resources.
• Participate in proactive team efforts to achieve departmental and company goals.
• Perform other duties as assigned.
• Provide leadership to others through example and sharing of knowledge/skill.
• Receive very general guidance with respect to overall objectives; work is usually quite independent of others; operate within specific policy guidelines.
• Prioritize, and organize assignments.
• Handle multiple tasks simultaneously.
Qualifications:
• Ten+ years relevant experience with banks or other financial institutions, ideally in a credit risk function.
• Formal credit training.
• Thorough knowledge of the laws and regulations from regulatory agencies, and solid understanding of internal controls
• Bachelor's degree in a relevant discipline required. Advanced degree preferred. Professional certifications in risk management, audit, project management or investment management highly appreciated.
Additional Requirements:
• Superior verbal and written communication skills.
• Entrepreneurial spirit and attitude necessary to establish and maintain positive working relationships with all management and personnel.
• Ability to communicate complex concepts with a diverse audience.
• Superior Microsoft Office skills required, with particular emphasis on outstanding PowerPoint presentation and Excel skills.
• Strong organizational and project management skills needed to handle the coordination of multiple priorities.
• Independent judgment with strong analytical and risk assessment skills.
• A wide degree of creativity and latitude.
The job description outlined above is considered a core list of job duties/requirements. This document should not be considered a complete or comprehensive list. The incumbent assigned to this position is required to perform the duties listed above. The incumbent is also expected to adapt to changes and/or additions as needed. Nothing contained within this document is intended or shall be construed to create or constitute a contract of employment between any employee or group of employees and Emigrant Savings Bank and its Subsidiaries. Emigrant Savings Bank and its Subsidiaries retains and reserves any and all rights to change, modify , amend, add to or delete from any section of this document as it deems, in its judgment, to be proper.