Risk Manager II

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