Process Transformation - Wealth Management Risk Associate

The role will reside within Firm Risk Management’s Wealth Management Risk Department on the Process Transformation and Quality Assurance Team. This is a new role within Risk Management based in Baltimore.

The Process Transformation and Quality Assurance team will develop the framework and requirements, including roles and responsibilities, for reviewing and testing Wealth Management processes and controls to ensure consistent high standards in credit underwriting and outcomes aligned with industry best practices and regulatory expectations. The team’s primary focus is to develop a formal risk assessment and process enhancement program across the Wealth Management Credit Risk Organization. The team will also serve as the main point of coordination for the Wealth Management business in relation to these programs, providing guidance, training and support throughout the execution process.

This position will interact with a variety of stakeholders to enhance Wealth Management Risk Processes across both Lines of Defense. The ideal candidate will demonstrate strong analytical and process design skills, be a good team player, and curious to learn and solve problems to enhance risk capabilities and communicate effectively in various forums.

·       Partner with Wealth Management Credit Risk Officers to assess current underwriting/review practices, design target state and implement process changes

·       Review underwriting practices and identify opportunities for enhancement

·       Present recommendations and analysis to Senior Stakeholders and Committees

·       Recommend infrastructure and technology enhancements to streamline processes

·       Perform periodic testing of controls to ensure program is operating at optimal state

·       Bachelor’s Degree required

·       Previous analytics and/ or credit risk management experience (preferred)

·       Excellent verbal and written communication, with ability to communicate effectively with senior management and regulators

·       Process management and prioritization skills with ability to multi-task in a dynamic environment

·       Strong relationship building and stakeholder management skills

·       Strong risk, process and control assessment and validation skills

·       Self-motivated and proactive attitude, with relentless attention to detail

·       Strong problem solving and implementation skills

·       Ability to make decisions and propose recommendations to mitigate or reduce risk to Firm

·       Quality Control or Quality Assurance experience (preferred)