Vice President, Financial Risk – Capital Markets Oversight

This is a fully remote position, open to applicants in Arizona, +5 more states.

📋 Description

• Lead the oversight for the Bank’s treasury and capital markets activities as part of the second line of defense.

• Design, implement, and continuously enhance the capital markets risk oversight program.

• Take ownership of the annual oversight plan, establish coverage standards, and develop methodologies for assessing first line risk management.

• Conduct independent evaluations of funds management and liquidity risk management processes, including the adequacy of contingency funding plans.

• Provide a credible challenge to prepaid deposit assumptions, decay analysis, deposit behavior modeling, interest rate risk assumptions, models, and scenario design.

• Evaluate investment portfolio risk, counterparty exposures, foreign currency translation risk, as well as hedging, derivative, secondary loan market sale, and off-balance sheet strategies.

• Supervise exposure limits, key risk indicators, and control designs; determine when breaches necessitate remediation, executive escalation, or Board notification.

• Act as the second-line representative in business committees and working groups.

• Collaborate with Treasury while maintaining second-line independence.

• Ensure compliance with financial regulations, market standards, and internal policies.

• Coordinate with Internal Audit, Model Risk Management, and Compliance to address coverage gaps.

• Serve as the second-line point of contact for examiners and external auditors, managing responses, remediation plans, and closure.

• Evaluate the Bank’s capital markets risk position and communicate trends to senior leadership and risk committees.

• Develop, monitor, and report on KPIs and KRIs, including reporting to senior leadership and the Board.

• Proactively identify and address gaps, roadblocks, bottlenecks, and inefficiencies impacting risk initiatives.

• Perform additional duties as required.

⛳️ Requirements

• Bachelor’s Degree or equivalent education and experience; a degree in finance, business, economics, or mathematics is preferred.

• An MBA Degree or CFA designation is preferred.

• Typically requires 12+ years of experience with a bachelor's degree or equivalent in banking, capital markets, or related financial services.

• At least 8 years of direct experience in capital planning, liquidity risk, interest rate risk, and investment portfolio management.

• Proven experience in communicating risk to regulators and audit firms, leading discussions, presenting information, and addressing requests.

• Experience in presenting to executive management, risk committees, and boards of directors, as well as defending independent risk conclusions.

• Prior experience with prepaid deposits is preferred.

• Strong analytical capabilities and excellent written and verbal communication skills at the executive level.

• Extensive expertise in banking and finance, liquidity risk management strategies, interest rate risk modeling and assumptions, capital planning, and stress testing.

• Familiarity with quality control concepts and risk management practices.

• Understanding of policies and procedures development and oversight.

• Demonstrated capability to deliver credible challenges and influence without direct authority.

• Sound judgment regarding escalation to executive management and the Board.

• Proficiency in Microsoft Office is required.

• Knowledge of a governance, risk, and compliance platform such as Archer is preferred.

🏝️ Benefits

• Annual performance-based incentive opportunity.

• Health insurance.

• 401(k) retirement benefits.

• Life insurance.

• Disability benefits.

• Paid time off.

• Comprehensive benefits package.

• Reasonable accommodation for applicants with disabilities.