Risk Management Specialist

Location
Tempe, Arizona (US)
Salary
Negotiable
Posted
May 01, 2019
Closes
May 31, 2019
Ref
38777BR
Job Function
Risk Management
Industry Sector
Investment Bank
Employment Type
Full Time
Education
Bachelors

At Edward Jones, we help clients achieve their serious, long-term financial goals by understanding their needs and implementing tailored solutions. To ensure a personal client experience, we have located our 14,000+ branch offices where our more than 7 million clients live and work.

A typical branch office has one financial advisor who meets with clients face-to-face and one branch office administrator who enhances the team's ability to build deep relationships with clients. Headquarters associates in St. Louis and Tempe provide support and expertise to help U.S. and Canada branch teams deliver an ideal client experience. Edward Jones currently has more branch offices than any other financial services firm, and we continue to grow to meet the needs of long-term individual investors.

Responsibility Summary:

The Risk Management Specialist is responsible for the management of the department /fund risk management program, which includes performing periodic risk assessments, monitoring key risks and reporting on risk to leadership. Risk is managed at the firm, client and department level. General responsibilities include the items below and may differ slightly based on the department.

Understanding the core business processes performed within the department/fund and applying risk management practices to identify risks and confirm they are mitigated, where appropriate.

Report on the department's risk position to senior leadership.

Act as a consultant to department leadership/fund management on process improvements and initiatives including but not limited to, risk management.

Assist with Audit, Compliance and Legal (including regulatory) inquiries.

Manage product, regulatory, processing and/or financial risk through oversight of business processes, external factors and third party vendors.

Ensure compliance with regulations and firm/fund policies.

Understanding broader industry/economic situations and any impacts they may have on risk management policies/procedures.

Assist in educating branches/clients on potential risks and respond to risk related questions.

Qualifications Required in the Job:

A Bachelors degree or equivalent experience required. Concentrations in business, accounting, finance or management are preferred.

Series 7 & 66 required within 12 months of employment.

5+ years of experience in financial services (i.e. brokerage, mutual funds, insurance, asset management, etc.) preferred. Should include experience evaluating and implementing controls.

External audit, internal audit or compliance background preferred.

CPA, CIA, CFE or CISA preferred.

Strong customer service skills, including ability to deliver difficult news.

Strong analytical skills, including evaluating information from multiple sources (client, account, financial, and market).

Excellent verbal and written communication skills required, including presenting information to senior management both verbally and in writing. Experience addressing questions / inquiries from external organizations such as FINRA, SEC, Audit, Compliance, and Field Supervision is preferred.

Must have strong time management and organizational skills with the ability to multi-task, handle a heavy workload and use good judgment during times of high stress and market volatility.

Excellent Word and Excel skills.

Ability to extract, manipulate and leverage relevant data when managing risk and making related decisions. Experience is required in using data mining/analysis tools.

Knowledge of project management principles, including managing or assisting with department, division, and firm initiatives, including system changes and testing.

Must be able to make decisions in gray areas where little or no guidance is available. Consistent use of good judgment required, as decisions are complex, non-routine, risk-based judgment with high financial risk.

Problem Solving:

Investigate issues using a variety of available resources. Generally the problems include more than one issue and multiple consequences to each potential solution.

Make decisions on non routine situations that require analysis of impact from varying perspectives (financial, regulatory, client service).

Evaluate risk of high dollar transactions and take appropriate steps to mitigate risk.

Recognize and implement solutions affecting processes, procedures, systems and/or controls to manage risk.

Must be able to understand the upstream/downstream impacts to other departments, divisions and third party organizations and escalate when needed.

Decision Making:

Decisions are complex and may be non-routine and requiring independent judgement. Inappropriate decisions could result in financial and regulatory risk to the firm, as well as impacting branches/clients.

Fully analyze complex situtaions and identify creative solutions to address varying risks that may exist.

Assists home office and branch associates with issues and provides guidance. Handle escalated issues from other associates in the department and branches. May interact with clients when resolving issues.

Risks associated with many decisions are high, with potential for financial loss and/or regulatory issues. Most decisions are made independent of review, but some situations of the highest risk are escalated to the leader of the area for approval. There are no set dollar limits within which this individual operates.

Span of Influence:

Work with senior management on a regular basis. Interaction includes analyzing and presenting risk and performance data, analyzing and approving large dollar transaction requests, and working through exceptions.

Meet with and respond to regulatory exams/inquiries from internal and external regulators such as – FINRA, SEC, IIROC, Compliance, Legal, and Internal Audits.

Assist in managing relationships with vendors, funds and system providers.

Work with other departments to resolve issues or assist with projects, including Legal, Compliance and Research.

High level of impact due to potential exposure and financial loss to client and/or firm.

Service interaction with branches, home office associates, vendors and/or clients to resolve open issues.

Responsibility Summary:

The Risk Management Specialist is responsible for the management of the department /fund risk management program, which includes performing periodic risk assessments, monitoring key risks and reporting on risk to leadership. Risk is managed at the firm, client and department level. General responsibilities include the items below and may differ slightly based on the department.
     * Understanding the core business processes performed within the department/fund and applying risk management practices to identify risks and confirm they are mitigated, where appropriate.
     * Report on the department's risk position to senior leadership.
     * Act as a consultant to department leadership/fund management on process improvements and initiatives including but not limited to, risk management.
     * Assist with Audit, Compliance and Legal (including regulatory) inquiries.
     * Manage product, regulatory, processing and/or financial risk through oversight of business processes, external factors and third party vendors.
     * Ensure compliance with regulations and firm/fund policies.
     * Understanding broader industry/economic situations and any impacts they may have on risk management policies/procedures.
     * Assist in educating branches/clients on potential risks and respond to risk related questions.

Qualifications Required in the Job:
 
     * A Bachelors degree or equivalent experience required. Concentrations in business, accounting, finance or management are preferred.
        
     * Series 7 & 66 required within 12 months of employment.
        
     * 5+ years of experience in financial services (i.e. brokerage, mutual funds, insurance, asset management, etc.) preferred. Should include experience evaluating and implementing controls.
        
     * External audit, internal audit or compliance background preferred.
        
     * CPA, CIA, CFE or CISA preferred.
        
     * Strong customer service skills, including ability to deliver difficult news.
        
     * Strong analytical skills, including evaluating information from multiple sources (client, account, financial, and market).
        
     * Excellent verbal and written communication skills required, including presenting information to senior management both verbally and in writing. Experience addressing questions / inquiries from external organizations such as FINRA, SEC, Audit, Compliance, and Field Supervision is preferred.
        
     * Must have strong time management and organizational skills with the ability to multi-task, handle a heavy workload and use good judgment during times of high stress and market volatility.
        
     * Excellent Word and Excel skills.
        
     * Ability to extract, manipulate and leverage relevant data when managing risk and making related decisions. Experience is required in using data mining/analysis tools.
        
     * Knowledge of project management principles, including managing or assisting with department, division, and firm initiatives, including system changes and testing.
        
     * Must be able to make decisions in gray areas where little or no guidance is available. Consistent use of good judgment required, as decisions are complex, non-routine, risk-based judgment with high financial risk.