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Raymond James · 1 day ago

SVP, Chief Risk Officer – Private Client Group

New York, NY

Full-time

Hybrid

Director/Executive

15+ years exp

Raymond James is a financial services firm seeking a Chief Risk Officer for their Private Client Group. The role involves leading the development of an operational risk approach, overseeing risk management frameworks, and collaborating with senior leadership to ensure effective risk mitigation strategies.

BankingFinancial ServicesInformation TechnologyInsuranceWealth Management

Growth Opportunities

No H1B

Responsibilities

Establishes and oversees the implementation of a risk management framework for the business unit, to include defining the business appetite for risk taking and establish appropriate controls

Conducts and presents regular risk reviews in order to provide an independent perspective of the business and to keep pace with the changing business environment

Builds trusted relationships with senior leadership, including executive management of the Private Client Group (PCG), the firm’s wealth management unit, and Asset Management divisions, serving as a strategic and independent partner to evaluate, challenge, and guide business decisions

Continuously monitors and analyzes the businesses risk profile and tolerance to include daily risk monitoring across all relevant risk stripes including market, credit, liquidity and operational risks

Identifies emerging risks and advises on risk mitigation strategies

Leads the development and implementation of risk assessment and quantification models needed to risk manage the business

Oversees and evolves risk reporting processes to enhance the accuracy and effectiveness of risk information

Ensures the business risk management practices comply with regulatory requirements and industry best practices. Also, engages with regulators to provide essential risk context

Reports risk-related data including risk exposure, compliance to risk policies, and effectiveness of current risk management strategies to the Board of Directors, senior management and various risk committees

Collaborates with the business and other key stakeholders to evaluate the risk associated with potential mergers and acquisitions, new product offerings, and other initiatives

Plays a central role in shaping the firm’s 1LOD/2LOD risk governance model, helping define and clarify roles and responsibilities across the risk lifecycle

Leads and scales a growing risk team, with responsibility for hiring, developing and managing talent aligned to the evolving needs of a growing organization

Acts as a change agent within a transforming environment, setting strategic direction for risk management as the firm continues to deepen capabilities and platform expansion for advisors

Performs other duties and responsibilities as assigned

Qualification

Risk management frameworkRisk assessment methodologiesRegulatory complianceRisk reporting processesOperational risk auditsAnalytical thinkingProject managementHuman resource managementCommunicationTeam leadership

Required

Bachelor's Degree (B.A.), preferably in Mathematics, with a minimum of fifteen (15) years of financial services experience required

Advanced knowledge of risks and regulations in all aspects of the Private Client and Asset Management

Risk assessment methodologies

Risk governance structure and design

Risk policy and procedures

Infrastructure design, risk controls and segregation of duties

Relevant risk-based regulatory schemes including Basel I and Basel II and current rules under review

Sarbanes Oxley regulations

Software development processes

ISDA/CSA, and MBA documentation with the ability to provide advice on such documentation negotiation from the credit perspective

Securities/Private Client and Asset Management products and an understanding of the market standard risk management practices

Broker-dealer supervisory frameworks, retail investment platforms, and UHNW product risks including structured products, alternatives, and advisory platforms

Risk operations, work processes, internal controls and banking regulations

Excellent communication skills to clearly articulate matters while working with internal and external clients

Planning and scheduling work to meet regulatory organizational and regulatory requirements

Identifying and applying appropriate monitoring procedures

Preparing oral and/or written reports

Making rule-based and analytical decisions

Project management skills and with experience to successfully complete long- and short-term projects

Analytical thinking with demonstrated experience identifying and quantifying complex problems and providing effective resolutions

Leading through change and ambiguity, and influencing cross-functional stakeholders without formal authority

Balancing independence and collaboration in a client- and business-facing role

Author policies, procedures, and prepare risk reports for the Executive Committee, Board of Directors, and regulatory agencies as required

Read, analyze, and interpret complex documents

Respond effectively to the most sensitive inquiries or complaints

Deliver persuasive speeches and presentations on controversial or complex topics to top management, public groups, and the Board of Directors

Apply mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry

Apply concepts such as fractions, percentages, ratios, and proportions to practical situations

Define problems, collect data, establish facts, and draw valid conclusions

Effectively communicate verbally and in writing with management, customers, vendors and staff

Perform human resource management activities

Plan, assign, monitor, review, evaluate and lead the work of others

Coach and mentor others

Preferred

Experience in broker-dealer or wealth management firms preferred, especially with exposure to front-office or first-line risk roles in addition to second-line oversight

Demonstrated track record building or transforming risk functions and working with UHNW advisory businesses, structured product platforms, or alternative investments is strongly preferred