Job Description Summary

Lead the development of an operational risk approach, the setting of target risk levels, the calculation of operational risks, the development and execution of operational risk audits, and the delivery of advice for improvements in processes, procedures, and structures.

Job Description

Job Summary

Lead the development and execution of operational risk loss modeling and scenario planning program, supporting the overall non-financial risk management strategy.

Essential Duties and Responsibilities

• Lead the development and implementation of enhanced operational loss modeling and operational scenario planning, in-line with banking/regulatory expectations.

• Take responsibility for assessing risk management and/or risk control policies and procedures.

• Undertake strategic and tactical risk modeling and scenario planning for business-critical decisions to support business strategy and to identify and mitigate risk in line with the risk appetite. Advise on modeling of risk scenarios to comply with the risk appetite.

• Develop the strategy for a significant area of responsibility, such as a function, anticipating complex issues, challenges, and opportunities. Ensure the strategy is successfully implemented and meets medium-term business needs.

• Represent the organization or institution in a variety of industry, institutional, and/or professional forums, boards, and committees, in order to promote the company or institution brand or efforts. Represent the organization in external relations with investors, clients, industry, partners, the public, and others. Focus is on a specific area of the organization, such as a function or department. May involve preparation of presentations and materials for professional partnering meetings, seminars, and conferences.

• Provide authoritative specialist advice to the leadership team of a small or nationally based organization or subsidiary to guide the implementation of policy and the design and implementation of projects and change initiatives.

• Ensure that business activities within a significant area of responsibility comply with relevant external regulatory and/or voluntary codes and with internal policies to minimize business risk and protect the reputation of the organization.

• Communicate the function's strategy and its relationship to the organization's mission, vision, and values; clarify the actions needed to implement this strategy within the area of responsibility; motivate people to commit to the mission, vision, and values and do extraordinary things to achieve the organization's business goals.

• Identify and manage stakeholders up to and including top management level, finding out their needs, issues, and concerns and reacting to them by leading and coordinating the development of stakeholder engagement plans to support the communication of business information and decisions.

• Manage the provision of a strategic corporate social responsibility policy and services.

• Manage and report on the performance of the function/business area; set appropriate performance objectives for direct reports and hold individuals accountable for achieving them; take appropriate corrective action where necessary to ensure the achievement of annual business objectives.

• Define the detailed organization structure for a business area to align with corporate principles, define the relationship between elements of the organization, and define the responsibilities of senior managers, to enable the organization to achieve its business objectives.

• Identify the capabilities needed to meet the current and emerging business needs of a significant business area. Evaluate current capabilities, identify gaps, and prioritize development activities. Motivate others to develop their capabilities and fulfill their personal potential. Build capabilities elsewhere in the organization through mentoring and other informal methods.

Knowledge, Skills, and Abilities

Knowledge of

• In-depth understanding of risk management practices and methodologies, including risk assessment and a solid understanding of internal control and mitigation strategy concepts.

• Specific subject matter expertise regarding control disciplines and an advanced understanding of Raymond James products and services, especially those associated with the area of responsibility.

• Advanced investment concepts, practices and procedures used in the securities industry.

• Principles of banking and finance and securities industry operations.

• Financial markets and products.

Skill in

• Implementing advanced risk theories and concepts.

• Critical thinking, problem solving, and creativity.

• Demonstrated ability and success in interacting with and influencing senior leadership, including executive management.

• Experience in managing against deadlines associated with an annual project plan.

• Strong analytical skills particularly with regard to assessing the probability and impact of a control weakness.

• Excellent verbal and written communication skills, with the ability to present complex and sensitive issues to management in a persuasive manner.

• Enthusiastic, self-motivated, effective under pressure and willing to take personal risk and accountability.

• Proven ability to multitask as well as assess and change priorities.

• Ability to work well individually, and in teams, share information, support colleagues and encourage participation.

Ability to

• Explain complicated topics/risk concerns to any audience.

• Influence and guide across departmental boundaries.

• Interpret, analyze, and apply technical information.

• Balance conflicting resource and priority demands.
• Facilitate meetings, ensuring that all viewpoints, ideas and problems are addressed.
• Incorporate needs, wants and goals from different business unit perspectives into risk management engagements and recommendations.

• Attend to detail while maintaining a big picture orientation.

• Gather information, identify linkages and trends and apply findings to assignments.

• Communicate effectively, both orally and in writing.

• Read, interpret and apply information from business periodicals and professional journals.

• Lead others in providing a high level of customer service.

• Establish and maintain effective working relationships at all levels of the organization.

Educational/Previous Experience Requirements

Education/Previous Experience

• Bachelor’s Degree (B.A.) and a minimum of ten (10) years of experience in a related field, including at least four (4) years of people management experience.

• OR ~

• Any equivalent combination of experience, education, and/or training approved by Human Resources.

Education

Bachelor’s: Business Administration, Bachelor’s: Finance, Bachelor’s: Risk Management

Work Experience

General Experience - More than 15 years

Certifications

Other Certification Not Listed - Other

Travel

Less than 25%

Workstyle

Hybrid

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.

We expect our associates at all levels to:
• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.

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