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Sr. Director, Financial Risk Managment
Silicon Valley Bank
Santa Clara, CA, United States
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Description
Senior Director, Financial Risk Management is a key role within the Risk organization leading the market risk function and reporting directly to the Chief Risk Officer of Silicon Valley Bank. This individual should have a deep understanding of market and liquidity risks associated with Financial Institutions, along with the economic drivers of market risk. This position will play an essential role in the development and implementation of capital, liquidity and market risk management strategies, tools, policies, processes and controls. The role also requires experience with Asset Liability Management (“ALM”) strategies, including the use of interest rate derivatives. Senior Director, Financial Risk Management will develop the procedures and framework for oversight of ALM strategies and liquidity risk assessment; they should effectively establish credibility across the organization (including Treasury, Finance, and other material U.S. and International business units) to provide the effective challenge consistent with industry best practices in market risk management practices. Responsibilities •Provide assurance to the bank’s senior leadership that all market and liquidity risks are being measured accurately and managed/controlled in line with the Company’s risk appetite, meeting both internal and regulatory requirements. •Employ inspiring leadership qualities that result in motivated and engaged teams. •Design and build a separate review and oversight framework capable of providing an informed view on SVB’s market risk exposures and assessments. •Lead the development of market risk management strategies to be presented to the Risk Committee of the Board; actively participate and contribute to all relevant management committees & meetings ensuring that market risk exposures across the Company (primarily in Treasury) is represented in a clear and transparent manner. •Provide a risk management perspective on issues and strategies, working closely with partners in Investments, Finance, Treasury, and the business. Review recommended changes and enhancements to fixed income portfolio investment guidelines. •Develop analytics and reporting of market risk exposures, either directly or indirectly with the support of other functions. •Participate in the development and production of economic assumptions used for enterprise stress testing (GAAP, regulatory capital and liquidity) in support of the Risk Committee. •Effectively communicate and accurately represent the enterprise market risk profile with all stakeholders, including regulators and rating agencies. •Oversee ad hoc modeling and analysis for various projects, working groups and committees related to market risk or derivatives risk
Qualifications
Business Experience and Technical Skills •Demonstrated fluency in U.S. regulatory risk management guidance and supervisory letters pertaining to Market risk, Liquidity risk, Price Risk, and Interest Rate risk. •Excellent analytic skills with an advanced degree in math, finance, statistics, or engineering preferred; Ph.D., CPA, or CFA a plus •10+ years hands-on risk management, asset-liability management, trading, and/or portfolio management experience with a regulated Financial institution, including experience in a departmental or functional leadership role •Deep understanding of commercial banking enterprises, fixed income securities, equities, and interest rate derivatives with a focus on market risk exposures •Strong understanding regulatory capital instruments, specifically, and capital markets, in general •Excellent project management, oral and written communication skills, and ability to operate effectively in a matrix environment •Extensive experience modeling assets and liabilities; experience with statistical and econometric modeling; experience with liquidity risk