Job Description
Job Summary
Under very limited direction and with a high level of autonomy, uses extensive knowledge and skills to lead the firm’s Enterprise Risk Management (ERM) function. Responsibilities include, but are not limited to: oversee the design, implementation, and consistent execution of core risk management processes such as risk identification, risk appetite, risk governance, review and challenge; lead the development and oversight of a framework to identify, manage and monitor compliance with regulatory requirements for risk management programs; and oversee the design, implementation and execution of the second line of defense for stress testing scenario design, expansion, review and challenge (e.g. for Comprehensive Capital and Analysis Review) in alignment with regulatory requirements and expectations for large financial institutions. The role will lead large-scale, transformative projects with significant scope and must be able to drive change involving cross-functional teams, influence strategic direction, develop tactical plans, complete complex assignments with substantial latitude for un-reviewed actions or decisions, and maintain extensive contact with senior executives, internal and external auditors and regulatory authorities.
Essential Duties And Responsibilities
- Oversee the design, implementation, consistent execution and ongoing enhancements of core risk management processes including but not limited to risk identification, risk appetite and risk governance.
- Establish and oversee a framework and processes for identifying, managing, and monitoring compliance with applicable rules and regulations specific to risk management organizations.
- Oversee the design, implementation, consistent execution and ongoing enhancements of second line of defense processes foundational to managing risk for a large financial institution (e.g. for Comprehensive Capital and Analysis Review) including stress testing scenario design and expansion; and review and challenge processes.
- Establish and maintain a comprehensive risk governance framework to provide effective oversight and accountability at all levels of the organization.
- Liaise with Regulators and internal stakeholders (e.g. Legal, Compliance) to ensure timely reporting and resolution of regulatory issues.
- Prepare reports and present at appropriate RJF Risk and Board-level Committees.
- Develop program-specific training to ensure ERM framework is understood and adopted across the enterprise.
- Coaches, mentors, and develops risk management staff while identifying training needs and recommending appropriate development programs.
- Develops and maintains an environment where staff can find motivation in their work through effective communication and incentives.
- Performs other duties and responsibilities as assigned.
Knowledge, Skills, And Abilities
Knowledge of
- In-depth knowledge of risk management frameworks, methodologies, and best practices including application in the context of a large financial institution.
- Understanding of relevant laws, regulations, and compliance requirements in the financial services industry.
- Strong grasp of financial principles, markets, and instruments.
- Ability to analyze complex data, identify trends, and make data-driven decisions.
- Proficiency in designing and conducting stress tests and scenario analyses.
- Risk governance structure and design.
- Risk policies and procedures.
- Infrastructure design, risk controls and segregation of duties
Skill in
- Ability to align risk management strategies with the organization's overall goals and objectives.
- Experience in leading and managing risk management teams, fostering collaboration, and driving performance.
- Strong decision-making skills, especially under pressure and in uncertain situations.
- Excellent verbal and written communication skills to effectively convey risk-related information to stakeholders at all levels.
- Ability to work effectively across all three lines of Risk Management
- Experience in managing relationships with key stakeholders, including regulators, auditors, and the board of directors.
- Ability to think critically and creatively to identify potential risks and develop mitigation strategies.
- Keen attention to detail to ensure accuracy and compliance in risk assessments and reporting.
Ability to
- Author policies, procedures, and prepare risk reports for the Executive Committee, Board of Directors, and regulatory agencies as required.
- Read, analyze, and interpret complex documents.
- Respond effectively to the most sensitive inquiries or complaints.
- Deliver persuasive speeches and presentations on controversial or complex topics to senior management, public groups, and the Board of Directors.
- Effectively communicate verbally and in writing across all stakeholder group
- Perform human resource and talent management activities.
- Plan, assign, monitor, review, evaluate and lead the work of others.
- Coach and mentor others.
Educational/Previous Experience Requirements
- Bachelor’s Degree (B.A.) with a minimum of fifteen (15) years of financial services experience required.
OR ~
- Any equivalent combination of experience, education, and/or training approved by Human Resources.
Education
Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Data Processing
Work Experience
Certifications
Other Certification Not Listed - Other
Travel
Less than 25%
Workstyle
Hybrid
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We Expect Our Associates At All Levels To
- Grow professionally and inspire others to do the same
- Work with and through others to achieve desired outcomes
- Make prompt, pragmatic choices and act with the client in mind
- Take ownership and hold themselves and others accountable for delivering results that matter
- Contribute to the continuous evolution of the firm
At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
