Job Title: Market Risk Regulatory Program Manager (FRTB)
Location: New York, NY (Hybrid)
Duration: 12+ Months (Possible extension/Conversion)
Role Description:
The role will be part of a core central Program Management Team charged with ensuring the timely execution of deliverables across all workstreams whilst imparting subject matter expertise and know-how.
The candidate must have an experienced project management/transformation/change management background and extensive FRTB Markert risk subject matter expertise.
Primary Responsibilities:
• Has a Regulatory Understanding and experience with regulatory interpretation
• Translate regulation into what work and activity needs to be done
• Liaise with stakeholders and accountable executives to drive regulatory change/workstream implementation
• Project Management Skills
• Has experience working on front-office change projects (desk-facing)
• Has market risk experience
• Transformation/change management / PMO experience with a focus on Capital Markets initiatives to address regulatory, audit, risk and control and/or risk management issues
• Working knowledge of Markets business and products (FICC and Equities) and/or regulatory capital
• Ability to influence and build collaborative relationships across Global Markets with front-to-back stakeholders, e.g., trading desk, finance, operations, technology, risk management
• Experience analyzing large datasets using SQL, Python, a plus
• Assist in ensuring that all target state tools, processes, and controls are socialized effectively and are approved at or by the appropriate governance forum or level
• Manage internal and external dependencies across initiatives, including working closely with Risk Managers, Product Owners, Front Office, Product Control and Technology teams
• Identify challenges and proactively seek to resolve or escalate risk and issues in a timely and well-articulated manner to the projects by engaging relevant stakeholders and PMs
• Engage senior stakeholders continuously by escalating and resolving issues as they arise
• Produce accurate and insightful project update materials and artifacts, tailoring to various forums and committees
• Build strong relationships, adopting a joined-up approach, to support the execution of programs
Key Skills Required:
• Understanding of FRTB regulations and implementation
• 5+ years’ experience working in Market Risk
• Experience working with front-office policies and mandates
• Strong & proven track record in strategic project management and delivering complex solutions are essential
• Has Front Office - Desk Facing Project Experience
• Has significant experience in Capital Markets Transformation
• Significant experience in scoping, developing, and prioritizing plans for strategic initiatives
• Excellent oral and written communication skills; must be articulate and persuasive with the judgment and authority to provide insightful commentary to senior stakeholders
• A solid understanding of mechanisms to track and communicate performance
• Ability to drive change to business practices by working effectively across a global organization and understanding different perspectives
• Thought leadership in target state design through engaging stakeholders at various levels of the organization
• Demonstrated analytical skills with follow-up and problem-solving capability
Key Skills Preferred:
• Minimum of 10 years of relevant industry experience
• Experience in Market Risk and Regulatory related projects
• Bachelor’s/University degree, Master’s degree preferred
• Project Management certifications e.g. PMP or equivalent a strong plus
“Mindlance is an Equal Opportunity Employer and does not discriminate in employment on the basis of – Minority/Gender/Disability/Religion/LGBTQI/Age/Veterans.”