Enterprise Financial Risk Capital Risk Sr. Specialist

About This Role

This role is responsible for assisting in providing risk oversight and advice to the Line of Business (LOB) on risk management issues, ensuring adherence to risk policies and standards. The specialist will monitor and test controls and risk management processes, recognizing all risk categories including credit, market, operational, and compliance.

Responsibilities

• Assist in establishing and overseeing the risk management governance structure for the Line of Business (LOB)
• Assist in conducting execution of risk framework activities including monitoring and testing of controls and risk management processes for the LOB
• Liaison with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to risk categories
• Ensure adherence to the policies and procedures established by the company
• Support the management of risk requests, breach remediations and providing risk effective challenges for front line units
• Review and challenge capital rule implementations (in particular, Fundamental Review of the Trading Book and Basel 2.5 market risk capital rules) in the US and international jurisdictions by executing capital calculation testing and performing review and challenge of regulatory rule interpretations and rule compliance documentation
• Assess key drivers in trading exposures and market risk risk-weighted assets under current and prospective capital rules
• Conduct and document understanding of the capital impacts from new products and new transactions
• Develop and demonstrate acumen for the identification of capital risks and mitigants (including market and economic environment and connectivity to other risk stripes)
• Ensure understanding of the business processes that may increase our risk, as well as the mitigants to that risk
• Assist in the establishment and execution of all Enterprise Risk Management Program requirements
• Coordinate and conduct execution of risk framework activities that are the responsibility of EFR, including but not limited to independent review and risk assessment of front line owned processes (e.g. capital calculation, capital forecasting, etc.)
• Conduct and ensure appropriate and adequate documentation for all independent risk reviews and risk points of view, including appropriate escalation and communication to Senior Management
• Deliver effective review and challenge of front-line owned processes that generate or impact our risk or Capital position
• Draft and communicate executive and committee messaging on a regular basis in a variety of formats, including power point and MS Word
• Support corporate-wide risk related initiatives, including regulatory change
• Enhance the Risk landscape, by ensuring our balance sheet and business model is appropriately stressed across a variety of scenarios, baseline to bankruptcy (resolution)