Director of Risk Management
Salary $160000 - $180000 per year
Consultant Sonjay Vishnupad
Date posted November 19, 20187 Times Square New York NY 10036 Robert Walters United States of America
Within this role you will be part of the Risk Management team responsible for the credit risk analytics platform and insurance related capital markets activities. You will quantitatively and qualitatively assess, draw conclusions and structure responses on current and potential risk exposures and communicate their impact on profitability and capital position using deterministic and stochastic scenario analysis.
Risk Management Director
Within this role you will be part of the Risk Management team responsible for the credit risk analytics platform and insurance related capital markets activities. You will quantitatively and qualitatively assess, draw conclusions and structure responses on current and potential risk exposures and communicate their impact on profitability and capital position using deterministic and stochastic scenario analysis. The successful candidate will: Management/Leadership • Manages and develops a team of co-workers with a diversity of skills and experience levels. Ensures staff is knowledgeable and cross-trained, encourages self-development, and promotes team participation. Provides work direction and monitors overall productivity and work quality. • Responsible for the selection, performance evaluation, and salary administration of co-workers. • Manages, leads, and supports others through the process of change both within the team and throughout the organization to achieve results related to the corporate strategy. • Manages the operational and fiscal activities of the department including: staffing levels, budgets, operational controls and processes, and financial goals. • Analyses business processes and issues. Manages departmental policies, procedures, and standards to enhance efficiency and work quality. • Develops solutions to problems with consideration for department and company goals and direction. • Develops and manages relationships between departments both inside and outside business unit. Responsibilities specific to this role: • Direct quantitative analyses for revenue and loss forecasting, portfolio stress testing, risk concentration limits setting, mortgage insurance pricing, new product development support, and hedging strategy. • Interpret internal and external business issues and recommends solutions using best practices. Takes a broad perspective to identify solutions. • Plan completion of complex key business projects. Establish scope and objectives, and develop the strategy for completion. • Conduct research, gather information, and maintain awareness of business environment, government events, and regulatory changes. • Be responsible for both detailed and high-level analyses of alternative transactions related to insurance inforce and new business. • Develop and maintain financial models detailing evaluation of Economic Capital, Earnings at Risk and other risk sensitivities. • Within the terms of the Asset and Liability (ALCO) Charter, develops risk assessments and monitors investment holdings for market and liquidity risk, credit concentrations and other credit related metrics that may impact portfolio performance. In addition, the position will provide monitoring of an integrated asset and liability management framework in “base case,” stochastic, and stress economic scenarios. • Participates in the evaluation of GSE risk sharing transactions. Education: Completion of an Advanced Degree. Additional experience (2 years) beyond the minimum (below) may be substituted for education beyond a Bachelor’s Degree.
Required Knowledge: • Risk management principles and concepts • Residential mortgage industry and role of credit enhancements • Risk information resources, technology, systems • Data analytics, reporting and data analysis tools • Project management principles • Excel financial models • Internal processes and business requirements and controls • Underwriting guidelines and policies Experience: More than 7 years recent and related experience performing advanced work in the mortgage industry. 5 years previous supervisory experience required.
Required Skills: • Analysis, to structure problems and draw conclusions and make recommendations • Ability to model problems using a variety of software and databases • Demonstrated ability to communicate complex quantitative concepts to an executive audience • Demonstrated ability to communicate sensitive information, both verbally and in writing.