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PwC · 2 weeks ago

FS R&R – Financial Risk Transformation, Director

Florham Park, NJ

Full-time

Hybrid

Senior Level, Lead/Staff

$155K/yr - $410K/yr

10+ years exp

PwC is a leading professional services firm focusing on risk and compliance, helping clients navigate complex regulatory landscapes. The Director of Financial Risk Transformation will lead the Risk & Regulatory Advisory team, advising financial institutions on credit risk management topics and driving business growth while ensuring compliance and mitigating risks.

AccountingBusiness DevelopmentConsultingFinanceFinancial ServicesTax Consulting

No H1B

Responsibilities

Lead in line with our values and brand

Develop new ideas, solutions, and structures; drive thought leadership

Solve problems by exploring multiple angles and using creativity, encouraging others to do the same

Balance long-term, short-term, detail-oriented, and big picture thinking

Make strategic choices and drive change by addressing system-level enablers

Promote technological advances, creating an environment where people and technology thrive together

Identify gaps in the market and convert opportunities to success for the Firm

Adhere to and enforce professional and technical standards (e.g. refer to specific PwC tax and audit guidance) the Firm's code of conduct, and independence requirements

Serve as a Subject Matter Expert and advise financial institutions on a broad range of credit risk management topics with a keen focus on wholesale loan transformation initiatives for First and Second Line of Defense, including the following: wholesale banking including lending and trading products and processes; governance policy, standards, and procedure assessment and development; Target Operating Model design, build and implementation; Risk data management, data governance; quality analysis and remediation

Work on a team evaluating, designing, and implementing wholesale banking risk strategies to support our clients in effectively addressing key market challenges

Qualification

Credit risk managementWholesale bankingRisk data managementRegulatory complianceProcess improvementData quality analysisTarget Operating ModelClient relationship managementCross-cultural awarenessProject managementTeam leadershipCommunication skills

Required

Bachelor Degree

10 year(s) of experience

Preferred

Master Degree

Business Administration/Management

Information Systems Management

Information Technology

Computer Science

Financial Mathematics

Mathematics

Accounting & Finance

Finance

Financial Markets

Economics and Finance

Quantitative Finance

Banking and Finance

Economics

Business Analytics

Mathematical Statistics

Statistics

Applied Mathematics

Engineering

Demonstrates thought leader abilities and/or a proven record of success in how to lead or facilitate relevant project/program management or client consultations in the areas of credit-related activities and risk management

Leveraging know-how of commercial and retail lending (e.g. auto, credit card, mortgage, syndicated, committed and uncommitted bilateral, CRE, ABS), and the lending cycle or Counterparty credit and trading activities involving derivatives and securities financial transactions

Experience with risk reporting (e.g. Single Name Exposure, Enterprise Concentration Risk Management, State of Risk) and BCBS 239 principles

Design and deliver effective solutions to transform banks' banking and trading book related risk reporting processes

Work with cross-functional teams to analyze, modify and build/assess process workflows & controls in the Risk Reporting to enable effective management and accuracy of Risk data from various Risk stripes

Conduct current state assessment, gap analysis and Target Operating Model design, build, and implementation pertaining to Risk reporting related processes

Ability to assess Risk management policies, procedures and standards and develop/update them as needed

Perform regulatory remediation work (e.g. MRA/MRIA remediation) and prepare documentation to evidence compliance with regulatory findings

Develop data requirements and associated metrics to resolve data quality issues

Identify data quality issues and performing root-cause analysis, remediation on the issues

General understanding of Internal Audit and Quality Assurance processes and expectations

Designing and implementing process improvement solutions, leveraging PC applications including MS Office (Word, Excel, Access, PowerPoint)

Identifying and addressing client needs. Prepare, coordinate, and deliver complex written and verbal materials to clients, senior management or (e.g., PPT presentations, summary reports/ memos, oral presentations)

Supervising teams to create an atmosphere of trust, seeking diverse views to encourage improvement and innovation, and coaching staff, including providing timely meaningful written and verbal feedback

Identifying and addressing client needs by building and maintaining trust (e.g., client relationship management)

Considering cross-cultural differences, seek diverse views to encourage improvement and innovation, and fostering a global mindset for the team. Experience in working with and managing on-shore and off-shore teams

Communicating project goals and objectives, project status and deliverables, build consensus and present standard industry practices/point of view effectively. Keep leadership informed of progress and issues

Detail-oriented, organized, and able to multitask to meet deadlines under pressure