Vice President, Financial Risk - Capital Markets Oversight

About the Role:

Leads second line of defense oversight of the Bank's treasury and capital markets activities, with accountability for the design, execution and continuous improvement of the capital markets risk oversight program.

Reporting to the SVP, Head of Financial Risk, this individual partners with and provides credible challenge to the first line of defense; serves as the Bank's senior subject matter authority on capital markets risk, forming and defending independent risk conclusions and advising senior leadership, asset/liability and risk committees, and the Board of Directors. Represents the second line with regulators, external auditors and other independent reviewers, and provides assurance on compliance with governing policies.

What You Will Do:

• Own the second line oversight program for capital markets risk, including the annual oversight plan, coverage standards and the methodologies used to evaluate first line risk management.
• Direct the independent evaluation of funds management and liquidity risk management processes, including contingency funding plan adequacy, and approve the resulting risk conclusions.
• Provide credible challenge to prepaid deposit assumptions, decay analysis and deposit behavior modeling, and to interest rate risk assumptions, models and scenario design.
• Assess the risk characteristics of the investment portfolio, counterparty exposures, foreign currency translation risk, and hedging, derivative, secondary loan market sale and off-balance sheet strategies; escalate exposures that fall outside approved appetite.
• oversee exposure limits, key risk indicators and control design that protect assets through shifting market conditions; determine when a breach requires remediation, executive escalation or Board notification.
• Serve as the designated second line voice on business level committees and working groups, sponsoring new working groups where oversight gaps are identified.
• Partner with the Treasury department to understand risk management processes while preserving the independence of the second line's conclusions.
• Monitor and enforce adherence to financial regulations, market standards and internal policy, coordinating with Internal Audit, Model Risk Management and Compliance to avoid duplication and close coverage gaps.
• In partnership with the Head of Financial Risk, serve as second line contact for examiners and external auditors on capital markets matters; own the response, the remediation plan and its closure.
• Perform other duties as assigned.

What You Will Need:

• Bachelor’s Degree or equivalent education and work experience; degree in finance, business, economics or mathematics preferred.
• MBA Degree or CFA, preferred.
• Typically 12+ years with bachelor's or equivalent, in banking, capital markets or comparable financial services.
• 8+ years of direct experience with capital planning, liquidity risk, interest rate risk and investment portfolio management.
• Demonstrated experience communicating risk to regulators and audit firms, leading those discussions, presenting information and responding to requests.
• Experience presenting to executive management, risk committees and boards of directors, and defending independent risk conclusions.
• Prior experience with prepaid deposits, preferred.

Competencies

• Strong analytical skills and executive-level written and verbal communication; translates technical risk into clear implications and recommendations for executives, committees, the Board and regulators.
• Deep subject matter expertise in banking and finance; liquidity risk and management strategies; interest rate risk modeling and assumptions; capital planning and stress testing.
• Working knowledge of quality control concepts and risk management
• Working knowledge of policies and procedures development and oversight
• Demonstrated ability to deliver credible challenge and influence without direct authority, and sound judgment on what to escalate to executive management and the Board.
• Working knowledge of policy and procedure development and oversight.
• Knowledge of Microsoft Office required; knowledge of a governance, risk and compliance platform such as Archer preferred.
• Influencing others; Innovation; Strategic Thinking and Business Acumen; Outcome Driven; Planning and Organization; Empowering others.

Distinguishing Characteristics

• Responsible for oversight of risk strategy, frameworks and programs for capital markets risk; consults with the business to ensure policies, practices and standards are adhered to and risk is mitigated accordingly.
• Assesses the Bank's capital markets risk position and communicates trends to senior leadership and risk committees.
• Develops, monitors and reports on KPIs and KRIs for internal measures, including senior leadership and board reporting.
• Represents risk at the appropriate level across the organization, and advocates for and defends decisions associated with strategy and plans.
• Proactively identifies gaps, roadblocks, bottlenecks and inefficiencies that impact risk initiatives and works to mitigate them.

The responsibilities listed above are not all inclusive and may be changed at any time.

Salary range: $182,000 – $273,000

The salary range reflects the minimum and maximum target for a new hire in this role. Individual pay within the range will be determined by multiple factors which can include but are not limited to a candidate’s experience, qualifications, skills, and location. Your recruiter can share more about the specific salary for your location during the hiring process. Ranges may be modified in the future. This role is also eligible for an annual performance-based incentive opportunity. Pathward offers a comprehensive benefits package for eligible employees, including health insurance, 401(k) retirement benefits, life insurance, disability benefits, paid time off, and more.

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