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Concentration Risk Management Director - Phoenix Arizona
Company: Disability Solutions Location: Phoenix, Arizona
Posted On: 04/20/2024
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:
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