Concentration Risk Management Director
Company: Disability Solutions
Location: Phoenix
Posted on: May 4, 2024
Job Description:
Job Title:Concentration Risk Management
DirectorLocation:CityScapeWhat you'll do:We are seeking a dynamic
and experienced Concentration Risk Management Director to lead the
development and management of our concentration risk program. This
key role will focus on credit, concentration, and counterparty risk
within our portfolio. As the Director, you will collaborate with
line of business leaders to establish and enforce portfolio-level
limits, ensuring alignment with business strategies and adherence
to the limit framework. As a leader, you will ensure compliance
with industry standards and regulations, you will maintain
concentration risk management policies and procedures.
Additionally, you will oversee household and financial counterparty
risk management programs, ensuring their effectiveness in
mitigating potential risks.This position will manage a small team
(3-5) and is within the first line of defense Credit Administration
Group.What we are looking for:
- Develop and manage the concentration risk management program,
focusing on credit, concentration, and counterparty risk within the
portfolio.
- Establish and enforce portfolio-level limits in collaboration
with a line of business leaders, ensuring adherence to the limit
framework and alignment with business strategies.
- Leverage quantitative models and their results to define limits
and implement risk mitigation measures, reducing unexpected losses
in the portfolio.
- Take a lead role in developing, implementing, and mobilizing
risk appetite measures, KPIs, and early warning indicators.
- Collaborate with business leaders to establish breach and
mitigation plans, presenting findings to risk committees and
corresponding with the second line of defense partners.
- Work closely with the first line of defense to establish,
measure, and monitor concentration limits, presenting
recommendations to risk committees.
- Enhance analysis and reporting of concentration risk,
encompassing identification, measurement, limit calibration, and
overall risk management.
- Maintain concentration risk management policies and procedures,
ensuring compliance with industry standards and regulations.
- Oversee household and financial counterparty risk management
programs, ensuring their effectiveness in mitigating potential
risks.What you need to have:
- 8 to 10 years of experience in credit administration, credit
risk management, or concentration risk management, preferably
within a large financial institution.
- Proven experience in developing and implementing risk
management programs, with a focus on credit, concentration, and
counterparty risk.
- Strong analytical skills, with the ability to leverage
quantitative models for risk assessment and decision-making.
- Effective communication and collaboration skills to work with
line of business leaders, risk committees, and the first line of
defense.
- In-depth knowledge of risk management principles, policies, and
regulatory requirements.
- Ability to lead and drive initiatives that align with business
strategies while mitigating concentration risk.
- Proactive in identifying emerging risks and implementing
measures to address them.
- Demonstrated ability to manage and mobilize cross-functional
teams for successful risk management implementation.
- Demonstrated experience in commercial credit underwriting,
including a strong understanding of financial analysis, risk
assessment, and industry-specific credit evaluation.
- Proficient in handling and analyzing large datasets,
demonstrating advanced analytical capabilities and the ability to
derive meaningful insights to inform strategic
decision-making.Benefits you'll love:We offer all the important
things you'd want - like competitive salaries, an ownership stake
in the company, medical and dental insurance, time off, a great
401k matching program, tuition assistance program, an employee
volunteer program, and a wellness program. In addition, you'll have
the opportunity to bolster your business knowledge, learning the
ins and outs of how successful companies operate and manage their
finances, giving you invaluable hands-on experience to help grow
your career!About the company:Western Alliance Bank is a wholly
owned subsidiary of Western Alliance Bancorporation. Alliance Bank
of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank,
First Independent Bank, and Torrey Pines Bank are divisions of
Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western
Alliance Bank company.Western Alliance Bancorporation is committed
to equal employment and will consider all qualified applicants
without regard to race, sex, color, religion, age, nation origin,
marital status, disability, protected veteran status, sexual
orientation, gender identity or genetic information. Western
Alliance Bancorporation is committed to working with and providing
reasonable accommodations for individuals with disabilities. If you
are an individual with a disability and require a reasonable
accommodation to complete any part of the application process
and/or need an alternative method of applying, please email
HR@westernalliancebank.com or call 602-386-2488. When contacting
us, please provide your contact information and state the nature of
your accessibility issue. We will only respond to inquiries
concerning requests that involve a reasonable accommodation in the
application process.-- Western Alliance Bancorporation
Keywords: Disability Solutions, Sun City West , Concentration Risk Management Director, Executive , Phoenix, Arizona
Didn't find what you're looking for? Search again!
Loading more jobs...