AVP-Risk Management

Role/Responsibilities:

We are looking for an Assistant Vice President (AVP) to join the risk team in Credit Strategy and Standards group (CSS) in either London or Bangalore. This team is responsible for executing Moody’s Ratings’ risk strategy and embedding the risk framework within CSS. The AVP will report to the SVP Risk Management, First Line Risk Officer for CSS.

Key Responsibilities:

The AVP will assist the CSS First Line Risk Officer in driving and overseeing continued implementation and embedding of the risk program, with frequent interactions with CSS senior management, as well as CSS teams more broadly, the second line risk team, compliance and internal audit. Specifically:

• Risk policies and procedures: Provide inputs into Moody’s Ratings’ Risk Policies, Standards and Taxonomy and assist the CSS First Line Risk Officer with the development and maintenance of CSS policy and standards, where appropriate.
• Risk & Control Assessments & Reporting: Facilitate Risk & Control Self Assessments (RCSAs) in line with Moody’s Ratings Standards, across CSS. Identify and evaluate risk themes and trends, consolidate the results of the RCSAs and report results to the CSS leadership team and appropriate risk committees. Assist in the dynamic refresh of RCSAs, as well as annual reviews. Report on the risks beyond Moody’s Ratings risk appetite, identify drivers and collaborate with teams to develop remediation plans.
• Issues and Events Management: Facilitate the issues and events management and control framework within CSS, including collaborating with action plan owners and reviewing remediation plans for adequacy of actions to be performed. Provide oversight to ensure timely escalation and adequate root-cause analysis. Perform appropriate documentation of issues and events within the global risk and control system (GRC).
• Key Risk Indicators (KRIs): Work with process owners to develop metrics for key business risks within CSS. Aggregate and report on KRI results, identifying themes and trends. Monitor remediation actions for tolerance breaches.
• Reporting: Work closely with Moody’s Ratings second line risk team to report and track risk issues in the GRC and support the business' risk reporting.
• Risk Awareness: Within CSS, establish and promote the use of the above risk-related tools, data and metrics to enable CSS risk-owners to take timely, informed risk decisions. Provide guidance to CSS groups on design and application of the risk framework.
• Risk Committees: Support presentations to and organization of Moody’s Ratings risk committees, in particular the Credit Rating Risk Committee.
• Compliance, Regulatory & Internal Audit liaison: work closely with Compliance / Regulatory / Internal Audit functions to ensure timely escalation and remediation of business risks, as appropriate.
• CSS projects: Work with the CSS First Line Risk Officer and CSS teams to identify or understand areas where analytical or operational processes, policies and procedures require review and enhancement and assist in coordinating or supporting (as appropriate) those enhancement efforts

Qualifications:

• Education: Bachelors or Equivalent required
• Experience - 5+ Years in Operational Risk Management with a financial institution OR 5+ years with management responsibilities, among one or more of the following disciplines: Internal Audit, Internal control, management & risk consulting. Preferably, deep understanding of operational risk frameworks and best practices having rolled out similar programs.
• Excellent oral and written communication skills, able to communicate clearly and succinctly.
• Highly organized and efficient, with ability to multi-task and manage multiple projects at one time, with great attention to detail
• Master’s degree or equivalent qualification preferred
• Proficiency in Microsoft Office products, particularly excel, word and powerpoint.