Risk Manager II
Boston Massachusetts
Financial Services - Commercial Banking
Exp 10-15 yrs
Deg Bachelors
Relo
Bonus
Occasional Travel
Job Description
The Risk Manager will support Trade Finance and will partner with the business to build and monitor a risk program that’s appropriate for the unique risks related to how we develop, launch, sell and process Trade Finance products.
The role requires Cash Management product experience with specific knowledge of the Trade Finance business offering both traditional Trade Finance structures (Letters of Credit, documentary collections & bankers acceptance) and Supply Chain Financing (offering vendor payment solutions) to Commercial MidCorp and upper end Middle Market segments. The ideal candidate should understand the operational and regulatory risks these products pose to the Bank as well as to the Bank’s Commercial clients.
Responsible for developing, enhancing and maintaining a proactive and robust risk management program and related initiatives
Ensure that risk processes and programs and internal reports are developed, implemented and effectively administered
Provides regulatory expertise and solutions on complex risk and compliance issues within business unit
Identifies, assesses, implements and communicates regulatory issuances
Reviews policies and procedures for adequacy and accuracy
Manages risk management assessment and self monitoring process as well as examination readiness and management
Manages all aspects of risk within the business unit, ensuring that risk processes, programs and reports are consistent with corporate direction and policies
Ensure team meets agreed service levels
Coach and develop staff
Reviewed follow-up with each individuals performance to ensure they meet their specific objectives and that they have the right knowledge, skills and behaviors
Conducts performance reviews and acts upon development needs where appropriate
Ensures that direct reports have clear objectives and targets linked to business objectives and appropriate behaviors (“what” is expected and “how” they are expected to achieve objectives)
Does this describe you?
10 + years related experience in financial services industry
Strong knowledge of the Trade Finance business offering both traditional Trade Finance structures
In-depth knowledge of regulatory compliance requirements and risk management principles
Cash Management product experience
Excellent interpersonal, analytical, communication and writing skills
Does this describe you?
10 + years related experience in financial services industry
Strong knowledge of the Trade Finance business offering both traditional Trade Finance structures
In-depth knowledge of regulatory compliance requirements and risk management principles
Cash Management product experience
Excellent interpersonal, analytical, communication and writing skills
Job details are sourced from the employer's original posting.
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