Job Description

Job Description

The Enterprise Risk Management Officer, Sr will be responsible for overseeing the market and treasury risk management framework at United. This role involves assessing and monitoring market risk, liquidity risk, and capital risk, as well as developing and implementing risk management strategies and policies. The Enterprise Risk Management Officer, Sr will work closely with senior management and other departments to enhance the bank's risk management practices and support its strategic objectives.

RESPONSIBILITIES:
Market, Liquidity, and Capital Risk Assessment and Monitoring:

• Oversee the assessment and monitoring of market risk, liquidity risk, and capital risk.
• Develop and implement risk policies, procedures, and controls to ensure effective risk management.

Effective Challenge on Model Techniques and Assumptions:

• Provide effective challenge on model techniques and assumptions used in risk assessments.
• Review and validate assumptions used in stress tests and other risk models.
• Risk Control and Self-Assessments (RCSAs):

Perform Risk Control and Self-Assessments within market, liquidity, and capital risk areas.

• Develop and implement methodologies for RCSAs, ensuring continuous improvement in risk management practices.

Focused Risk Assessments (FRAs) and Control Testing:

• Conduct FRAs and control testing to evaluate the effectiveness of risk controls.
• Build out the control testing program and collaborate with other departments to replicate best practices.

Stress Testing and Layered Risk Approaches:

• Review stress tests and help design layered risk approaches to integrate various types of stress tests.
• Conduct scenario analysis to evaluate the impact of different adverse scenarios on the bank's financial condition.

Risk Appetite Statement (RAS) Quarterly Monitoring:

• Monitor the RAS on a quarterly basis to ensure alignment with the bank's strategic objectives.
• Evaluate the impact of risk exposures on the RAS and recommend adjustments as needed.

Key Risk Indicator (KRI) Monitoring:

• Develop and monitor KRIs to measure and track risk exposures.
• Regularly review and update KRIs to ensure they remain relevant and effective.

Regulatory Compliance:

• Ensure compliance with all relevant regulatory requirements and guidelines related to market and treasury risk management.
• Prepare and present reports on risk exposures and mitigation strategies to senior management and regulatory authorities.

Emerging Risks Working Group:

• Serve on the Emerging Risks working group to identify and assess new and evolving risks.
• Develop strategies to mitigate emerging risks and integrate them into the overall risk management framework.

Risk Analytics and Quantification:

• Perform risk analytics and quantify risk exposures to support decision-making processes.
• Use advanced analytical tools and techniques to assess and manage risk.

CECL Effective Challenge:

• Review assumptions and participate in CECL (Current Expected Credit Loss) meetings to ensure effective challenge of CECL models.
• Monitor the implementation of model validation issues identified during CECL assessments.

Qualifications

• Bachelor’s degree in Finance, Economics, Business Administration, or a related field required; Advanced degree or professional certification (e.g., CFA, FRM) is preferred.
• A minimum of 10 years of related experience in market risk, treasury risk, or a related field within the financial services industry.
• Effective leadership and team management skills, with experience in mentoring and developing risk management professionals.
• Strong analytical and problem-solving skills, with the ability to assess complex market and treasury risk issues and develop effective mitigation strategies.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with various stakeholders.
• Proficiency in risk management software and tools, as well as Microsoft Office applications.

KEY COMPETENCIES:
• Compliance and Regulatory Focused
• Strategic Planning
• Problem Resolution Focused
• Effective Leadership

Company Profile

Please click here to access a list of benefits for which this position is eligible. Additional information regarding United’s Mission, Values and Culture can be found here . 

At United, our strength is our people, and we are committed to nurturing a culture that is reflective of the communities we serve; promotes respect and a shared purpose; and aligns with our core values.

Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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