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VP Wealth Management Corporate & Institutional Solutions

Company: ExecuNet
Location: New York
Posted on: May 6, 2021

Job Description:

Position DescriptionCompany has an opening for a Vice President specializing in Operational Risk Oversight for Wealth Management's Corporate and Institutional Solutions (CIS) business within the Operational Risk Department. The successful candidate will be responsible for developing ORD's capabilities to oversee the operational risks associated with the sale and delivery of products and services offered through CIS. As this role sits in the 2nd line Wealth Management Risk coverage organization, a key enabler for success will be the ability to establish strong relationships across the organization, while maintaining a healthy challenge with the business teams. Strong knowledge of SEC, FINRA and DOL rules governing stock and corporate retirement plans, restricted and control securities transactions and fiduciary obligations is required to interpret the appropriateness of policies, controls and surveillance metrics. Primary Responsibilities:Provide 2nd line operational risk oversight for Wealth Management's Corporate and Institutional Solutions (CIS) business, which includes Company at Work, Shareworks by Company, Retirement Services, Financial Wellness, Virtual Client Solutions, Executive Financial Services and Directed Share Programs. CIS is a division within Company Wealth Management with the overall goal to create a corporate experience and a consistent corporate employee ("participant") experience and to engage them throughout their financial life journey that will ultimately lead to the engagement of those employees in a Company Wealth Management relationship. Specific Functions

  • Lead the Independent Risk Management oversight for Wealth Management's Corporate and Institutional Solutions business through effective engagement with the 1st line CIS Risk Management team, Field Management and Compliance
  • Partner within the broader ORD team and within Firm Risk as well as with Compliance colleagues to provide integrated 2nd line oversight of the risk in the WM business, including coordination with specialists in product and investment risks, cyber and technology risk, information security, financial crime, fraud, vendor risk, business continuity and infrastructure coverage
  • Establish, maintain and execute the 2nd Line Operational Risk CIS Oversight Framework
  • Drive a "no surprises" approach in ensuring that CIS's operational risks are well known and understood
  • Ensure establishment of the appropriate metrics and analytical tools to support CIS's risk identification, measurement, monitoring, escalation and decision making
  • Participate in relevant CIS Risk Committees and working groupsQUALIFICATIONSSkills Required
    • Bachelor's Degree minimum; Master's degree preferred
    • 5+ years' experience in operational risk management, IT risk, business risk, or compliance with direct experience in corporate equity and retirement plans and advisory services
    • Sound knowledge stock and retirement plan rules and the platforms used to support such plans
    • Experience in dealing with SEC and FINRA examinations
    • Good knowledge of fraud and data protection risks
    • Good knowledge of bank operational risk management frameworks, including loss data processes and risk and control self-assessments
    • Strong interpersonal skills and relationship management experience to work effectively in a team-oriented environment interacting with multiple entities within and outside of the Firm
    • Excellent communication skills, both verbal and written; ability to produce concise and effective presentations tailored to technical and non-technical audiences, including the Company Board of Directors and Board-level committees, and the Company Executive Leadership Team (CEO, COO, CRO, etc.)
    • Proficiency in MS Office and related applications (e.g. Word, Excel, PowerPoint)
    • The role reports into the Executive Director, Coverage lead for CIS and Digital Direct (E*Trade) who reports into the Managing Director, Head of WM Coverage.

Keywords: ExecuNet, New York , VP Wealth Management Corporate & Institutional Solutions, Executive , New York, New York

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