Job Description
Job Summary:
Under general direction, uses extensive knowledge and skills obtained through education and experience to effectively lead risk management activities, conduct reviews and develop risk profiles for assigned business or risk areas. Leads others in performing difficult assignments that are broad in nature requiring originality and ingenuity with some latitude for unreviewed actions or decisions. Leads others in identifying, researching, analyzing and resolving complex issues. Provides comprehensive solutions to escalated problems. Results are evaluated at agreed upon milestones for effectiveness in achieving specified results. Moderate contact with executive management via meetings, written reports and verbal presentations.
Essential Duties And Responsibilities
- Facilitates the identification of risks for assigned area and uses judgement to provide an overall opinion on the business unit’s risk profile and adherence to risk programs.
- Executes an effective program of continuous monitoring for assigned areas, including monitoring of key metrics to identify control issues and adverse trends as well as recommend mitigation strategies.
- Assists in the development and execution of risk and control consulting activities in accordance with internal standards, relevant government statutes and regulations.
- Works with business process owners and internal/external auditors to evaluate control deficiencies, and develop risk-based solutions to address concerns.
- Oversees or leads risk mitigation / project initiative engagements, produces quality deliverables in accordance with both department and professional standards, and proactively advises and assists the business on change initiatives.
- Analyzes complex problems, researches and organizes solutions and effectively presents conclusions and recommendations via written and verbal presentations to varied levels within the organization.
- Analyzes complex and significant amounts of data to research, validate, solution, and present conclusions and recommendations.
- Interprets, applies and recommends changes to organizational policies and procedures.
- Establishes strong relationships with senior leaders and related risk and control groups.
- Uses excellent communication skills in order to influence a wide range of internal audiences including respective product, function, or executive management partners.
- Holds entire team accountable for meeting deliverables, adhering to internal criteria and utilizing consistent methodology.
- Possesses strong project management and interpersonal skills, makes sound decisions, exhibiting initiative and intuitive thinking. Consulted often by others for advice and opinions and recognized as a leadership role model.
- Maintains currency in relevant risk management processes and procedures and stays up-to-date with evolving industry and regulatory changes impacting assigned business units.
- Leads junior associates including planning, assigning and evaluating work product.
- Assists in developing and mentoring associates within the Risk Management organization.
- Performs other duties and responsibilities as assigned.
Knowledge Of
- Advanced concepts, practices and procedures of risk management (including Operational Risk Management, Enterprise Risk Management, Technology Risk Management).
- Advanced knowledge of Risk and Control Frameworks (COSO, Basel II, etc.).
- In-depth understanding of risk management practices and methodologies, including risk assessments and a solid understanding of internal control and mitigation strategy concepts.
- Specific subject matter expertise regarding area of responsibility and a solid business understanding of Raymond James products and services.
- Advanced investment concepts, practices and procedures used in the securities industry.
- Principles of banking, finance, securities industry operations and products.
Skill In
- Ability to lead cross functional teams with varying degrees of experience.
- Demonstrated ability and success in interacting with and influencing senior leadership, including executive management.
- Experience in managing against deadlines associated with a risk management engagement.
- Strong experience and skill with Excel and Pivot Tables.
- Strong analytical skills particularly with regard to assessing data and the impact of risks and control weaknesses.
- Excellent verbal and written communication skills, with the ability to present complex and sensitive issues to management in a persuasive manner.
- Enthusiastic, self-motivated, effective under pressure and willing to take personal risk and accountability.
- Proven ability to multitask as well as assess and change priorities.
- Ability to work well individually, and in teams, share information, support colleagues and encourage participation.
- Critical thinking and problem solving.
- Developing and applying policies and procedures.
- Identifying trends and implementing appropriate corrective action
- Planning, organizing and conducting risk management projects.
- Identifying, analyzing and documenting key business processes and risk management issues.
- Managing employees, either directly or indirectly, through risk management engagements.
Ability To
- Plan, assign, monitor, review, evaluate and lead the work of others.
- Coach and mentor others.
- Balance conflicting resource and priority demands.
- Facilitate meetings, ensuring that all viewpoints, ideas and problems are addressed.
- Incorporate needs, wants and goals from different business unit perspectives into risk management engagements and recommendations.
- Attend to detail while maintaining a big picture orientation.
- Gather information, identify linkages and trends and apply findings to assignments.
- Communicate effectively, both orally and in writing.
- Read, interpret and apply information from business periodicals and professional journals.
- Lead others in providing a high level of customer service.
- Establish and maintain effective working relationships at all levels of the organization.
Educational/Previous Experience Requirements
- Bachelor’s Degree and a minimum of eight (8) years of experience in risk management, internal control, audit or information security experience.
~or~
- Any equivalent combination of experience, education, and/or training approved by Human Resources.
Licenses/Certifications
- CPA, CISA, CRMA, CIA, CISSP, CRISC, CFE, Series 7 preferred
Education
Bachelor’s: Accounting, Bachelor’s: Actuarial Science, Bachelor’s: Applied Mathematics
Work Experience
General Experience – 10 to 15 years
Certifications
Securities Industry Essentials Exam (SIE) - Financial Industry Regulatory Authority (FINRA)
Travel
Less than 25%
Workstyle
Remote
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.
