Lead Risk Analyst-Commercial/Consumer Loan Operations – 1805316
[POSITION SUMMARY] Responsible for various activities relating to risk management performance. Works to identify, assess and action various risks throughout the assigned business line by executing defined risk programs. Executes, reviews, or evaluates controls via a quality program and participates in initiatives and recommends opportunities for improved efficiency, effectiveness and/or risk reduction. Evaluations will require collaboration with various stakeholders while influencing parties toward strategic goals. Reports (MIS and engagements) and escalates as necessary to risk management team (including 2nd line of defense) and drives cultural awareness/ education of risk management practices. [POSITION DUTIES] A1. Implement key performance metrics across business. Prepare executive level reporting of risk metrics.,A2. Escalate negative trends observed; provide insight to causes of risk indicators out of tolerance levels and develop recommendations to mitigate identified risks.,A3. Evaluate quantitative and qualitative key metrics against strategic objectives.,A4. Identify areas that need improvement and/or areas where risk tolerances should be adjusted to align with heightened standards.,A5. Develop portfolio of recommendations, communicate performance adjustment action to varied stakeholders, and influence decisions to align with heightened standards.,B1. Manage complex process evaluations across single or varied line of business lines with a scope of multiple risk domains . Expert subject matter knowledge to coach entire risk teams and motivate others to reach goals,B2. . Role will require influencing risk reduction actions and/ or challenging non-optimal decisions. Interactions will include all lines of defense risk teams and have authority to effectively represent the business division.,B3. Spearhead multiple strategic risk programs and identify execution risks and recommend alternatives to meet strategic objectives.,B4. Highly visible and most complex evaluations communicating with diverse partners, in a leadership capacity. Programs will encompass multiple risk domains across multiple business lines.,C1. Role has authority to negotiate with business on actions, process alterations, quality execution designs and must influence business into better positions.C2. Identify strategic quality initiatives and recommend changes or adjustments of program design to meet objectives.,C3. Interact with team members throughout the quality risk program as a leadership role/ mentor to resolve various issues.,D1. Implement design corrections/ improvements as needed.,D2. Lead the development of risk management strategies that drive identification, quantification and mitigation of risk within the business, while providing acute depth of knowledge or influence.,A. Metrics Management: Participate in / lead initiative with business stakeholders in identification of risk indicators/controls. Collaborate with business leaders to define data /metrics used to measure risk.,B. Risk Program Execution: Collaborate with various stakeholders to drive risk program forward/ over hurdles by facilitating changes where appropriate, with independence of authority to negotiate risk exposure levels and risk actions.,C. Quality Assurance and Completeness: Review quality assurance program/ processes and determine resolution steps or design modifications for quality issues, with escalation and reporting as required.,D. Risk Management Culture: Consult (and influence corrections) with management regarding risks, exposures or control profiles and maintain contact with 2nd LOD peers to help define communications of risk culture/ tolerances.
[QUALIFICATION] Minimum of seven years banking experience, experience in risk functions, specialized experience/expertise in business segment, or demonstrate the ability to perform at proficient level of competence to meet duties. [EXPERIENCE] At least 7 years [SPECIALIZED KNOWLEDGE] Act as mentor and exhibit solid leadership skills.,Effective and decisive decision making skills as well as ability to build consensus.,In-depth research and analysis skills for more complex and critical data, interpret and communicate industry trends.,Strong communication skills to assist in influencing and directing a team and/or collaborating with various stakeholders.
Job : Risk Management Strategy
Primary Location : Massachusetts-Dorchester
Organization : Consumer & Business Banking (1001)
Schedule : Full-time
Job Posting : Sep 17, 2018, 5:21:08 PM
AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO