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North America Legal Entity Risk Governance – Associate

(Please note this is not a Legal "Law Practice" position)


North America (NA) Legal Entity (LE) Risk Governance team is a group within the CIB risk organization, established to support both the Regional Chief Risk Officers (CRO) and Legal Entity Risk Managers (LERM). The team is primarily responsible for oversight of the Risk Management functions (across Line of Business at times) in the North Americas. The candidate will work across the Risk stripes, as well as partner with groups including Oversight and Control, Compliance, Finance and Regulatory Risk. The NA LE team partners with each area impacting a Legal Entity to ensure adherence to all applicable regulatory rules. 

Main Activities:

Support the Senior team members that run risk governance agendas and ensure adherence to legal entity governance frameworks (firmwide/cross LOB) for some of the firm’s legal entities including Material Legal Entities. Become a specialist with the various local regulatory bodies’ rules and how they impact a particular Legal Entity.                  
    * Provide support to the Regionals/MLE CROs and various LERMs
    * Provide support for risk governance meetings (including risk committees, forums and required materials for CROs for board meetings)
    * Participate and where appropriate lead projects which impact Legal Entity Risk in North America
    * Learn the different underlying businesses affected by ongoing rulemakings.
    * Challenge data providers as necessary to understand changes and explanations.
    * As necessary, support the broader North America team in other areas including preparation of strategic plans, metrics, reporting, cross-business initiatives and process redesign
    * In partnership with the Compliance, prepare information for visits by local Regulators and assist in composing responses to requests for information.
    * Both coordination and implementation of solutions that meet and/or exceed both new and changes to regulatory requirements.
    * Understand risk profiles, LE risk reporting and have the ability to form and articulate a view. Able to quickly synthesize different risk presentations and communicate the different risk profiles in each LE.
    * Work with the reporting team and subject matter experts to implement changes and upgrades to the periodic risk reports.
    * Provide support to the NA LE Risk Governance lead to make sure all regulatory deadlines and expectations are met/exceeded.
    * Continue to think of ways to enhance the firm’s adherence to changes in the regulatory landscape.

    * (Please note this is not a Legal "Law Practice" position)
    * Experience in financial services or related field (previous experience in Risk Management, Compliance, Internal/External Audit or other control function desired).
    * Communication skills and ability to interface with all seniority levels within the firm.
    * Organization/Project management and Presentation Skills
    * Broad based Risk knowledge; Derivatives, Product knowledge and TCP
    * Excel, Word & PowerPoint knowledge (Pitchpro)
    * Familiarity with exposure generated by derivatives & other traded products.
    * Self-starter and able to take tasks from start to finish with minimal supervision.
    * Proactive mindset is a must; able to identify issues and find solutions. MUST BE ABLE TO WORK AUTOMNOSMSLY AND DRIVE SOLUTIONS.
    * Attention to detail and ability to look at processes in the firm holistically and make strategic recommendations for improvement.
    * Familiar with firm policy and procedure.
    * Ability to influence and drive change
    * Minimum Bachelors Degree