Structural Market Risk Oversight (Bank, Asset Liability, Risk, Treasury)
Teamrecruiter.com
- Toronto, ON
- Permanent
- Full-time
Length: 6 Months contract with a possibility of extension
Location: Toronto, ON - Hybrid (2 days per week onsite)
Hours: Monday-Friday, 8:30AM - 5PM
LOB: ERPM'The start date of this job is flexible and in order to find the best candidate the job may remain open much longer than the date mentioned on this posting... or you may be asked to start sooner than the expected start date if you are able to do so !'Please read the job description below. If this interests you, please send a MS-Word version copy of your resume (ASAP) along with a telephone contact number: E-mail to ssingh@teamrecruiter.comPlease mention the job title above in the subject line
The recruiter in charge of this role is SunitaAfter you have submitted your resume via e-mail please complete the application for this specific job by clicking 'Submit Your Resume for this Job' at the bottom of this page to match your resume to the job.If you are interested in further opportunities, why not also do a general registration in our database. By visiting our website and clicking on 'Database Registration'If you do not think you are a match for this opportunity, but know someone who is, feel free to forward this email to them and you will be eligible for a referral bonus upon a successful hire.Requirements:
ROLE MANDATE:
Provides market risk oversight, monitoring, and reporting for a designated portfolio. Develops and monitors the market risk management framework that includes the governance framework and practices leveraged across Bank to manage market risk. Provides policies and standards,
methodologies, and controls to increase transparency, accuracy, and consistency across groups.
Works with stakeholders to implement the methodology, metrics, and program standards for
the assigned portfolio to ensure compliance and effective monitoring, timely reporting and
identification of action plans.ROLE RESPONSIBILITIES INCLUDE (but are not limited to):
Acts as a subject matter expert on relevant regulations and policies.
The role will interact directly with members of Corporate Treasury, second line risk management and business teams, with exposure to senior management to promote an effective risk management framework.
The role will perform independent assessment of structural market risks, including review of ALM strategy review, models and assumptions
The role will conduct complex analysis to identify emerging risks and explain changes in existing measurements stemming from financial markets, balance sheet activities, and model updates.
This role is also accountable for the review of structural market risk metrics and processes to identify potential emerging risks or areas of the governance framework requiring enhancement as well as opportunities for strengthening practices
Interprets new regulations and assesses impacts to the governance framework.
Develops reports on the status of the governance program or framework components to various internal & external stakeholder audiences.
Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
Conducts independent analysis and assessment to resolve strategic issues.
Leads the development and maintenance of the governance system and framework.
Acts as the prime subject matter expert for internal/external stakeholders.
Ensures alignment between stakeholders.
Represents the risk program / governance structure during internal/external regulatory audits and/or examinations.
Designs and produces regular and ad-hoc reports, and dashboards.
Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis and reporting.
Leads the development of the communication strategy focusing on positively influencing or changing behavior.
Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
Manages the review and sign-off process for relevant regulatory reporting.
Leads and integrates the monitoring, measurement & reporting on the status of the market risk governance program to internal & external stakeholders.
Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines.
May provide specialized support for other internal and external regulatory requirements.
Provides input into the planning and implementation of ongoing operational programs in support of the market risk framework.
Leads/participates in the design, implementation and management of core business/group processes.
Administers and maintains the market risk monitoring and control program activities in adherence to all policies, procedures and established processes.
Reviews new business initiatives and monitors existing initiatives to identify potential risk situations/ impacts; makes recommendations or escalates to the manager, as per guidelines.
Monitors the financial market environment and market risk model performance impacts for optimal execution of risk strategies.
Independently administers and evaluates models, model assumptions, and key metrics used for the measurement of market risk for adherence to all policies and procedures applicable to the transaction based on established processes; documents and report results of evaluations on an individual and summary basis.
Identifies where corrective actions are required and escalates per guidelines; ensures corrective action is taken as necessary.
Provides advice and guidance to assigned business/group on implementation of the risk framework, including effective challenge.
Coordinates and participates in the execution of oversight/governance activities including reporting; assessment of education & training needs, development/delivery of training; development and execution of regulatory administration processes & procedures.
Consults with stakeholders to improve consistency and transparency of risk measurement, metrics and reporting.
Supports the development and maintenance of the governance system and framework including supporting policy/standard/operating procedures lifecycle management, education and training assessments.
Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.
Builds effective relationships with internal/external stakeholders.
Ensures alignment between stakeholders.
Analyzes data and information to provide insights and recommendations.
Monitors and tracks performance; addresses any issues.
Coordinates and monitors the review and sign-off of regulatory reporting and attestations.
Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.Qualifications:
MUST-HAVE SKILLS:
Previous Asset Liability Management experience - 7+ years
Previous Structural Markets Risk experience - 7+ years
Previous Treasury experience - 7+ years
In-depth / expert knowledge and understanding of the market risk management practices.
In-depth / expert knowledge of regulatory requirements.
In-depth / expert knowledge & experience with risk policy frameworks; quality control/testing frameworks.
Seasoned professional with a combination of education, experience and industry knowledge.
Verbal & written communication skills - In-depth / Expert.
Analytical and problem solving skills - In-depth / Expert.
Influence skills - In-depth / Expert.NICE TO HAVE SKILLS:
Previous QRM experiencePlease note that this is the most up to date version of job description available at this time - During Client Interview you will receive additional information - variance may apply!When you have some time please register in our database (5 minutes process) to be considered for future openings; the link is available on our website at http://www.teamrecruiter.com in the Candidate section. Please follow us on LinkedIn at https://www.linkedin.com/company/teamrecruiter.com/, or on Twitter at https://twitter.com/TeamRecruiter.We thank all applicants for their interest. Only those who meet the qualifications will be contacted through telephone/email. You are encouraged to register with us in our database to be considered for future positions available.Please note: Adherence to our end client's vaccination policy is a requirementHave a great day.At Teamrecruiter.com we offer some of the most highly qualified professionals in the workforce. We dedicate an industry trained recruitment specialist to the following areas: IT, Finance, Admin, Sales, Executive Search and Contractors. If you would like to learn more about our full-service recruiting firm please visit our website at www.teamrecruiter.com.CAMSC and ACSESS certified"...All Offers are conditional on Client Post-Offer Conditions being met and removed by end client prior to written offer signing""Please note that emails from our Recruitment Firm may inadvertently be sent to your Spam Folder. When contacted regarding an employment opportunity, please keep an eye on your Spam/Junk Folder to avoid missing important communication."THE EMPLOYER OF RECORD FOR THIS ROLE WILL BE TEAM RECRUITER / SE.Accommodations are available upon request for all individuals with disabilities taking part in the recruitment and selection process.