Vice President, Financial Risk - Capital Markets Oversight

Remote

We are a hybrid, remote-office company dedicated to growing our talent anywhere!

We have onsite locations in:
Sioux Falls, SD, Phoenix, AZ, Louisville, KY, Troy, MI, Franklin, TN, Easton, PA.

At Pathward, we take tremendous pride in our purpose to create financial inclusion for all. We are a financial empowerment company that works with innovators to increase financial availability, choice, and opportunity for all. We strive to remove barriers that traditional institutions put in the way of financial access, and promote economic mobility by providing responsible, secure, high quality financial products.

We are a team of problem solvers and innovators who celebrate our differences and know that our unique perspectives make us stronger and well-positioned for success. We celebrate, and embrace, our team members through our
* HUMBLE*HUNGRY
* SMART
approach, and we believe that we are strongest when we embrace the voices of our employees, customers, partners, and the communities we serve.

About the Role:

Leads second line of defense oversight of the Bank's treasury and capital markets activities, with accountability for the design, execution and continuous improvement of the capital markets risk oversight program.

Reporting to the SVP, Head of Financial Risk, this individual partners with and provides credible challenge to the first line of defense; serves as the Bank's senior subject matter authority on capital markets risk, forming and defending independent risk conclusions and advising senior leadership, asset/liability and risk committees, and the Board of Directors. Represents the second line with regulators, external auditors and other independent reviewers, and provides assurance on compliance with governing policies.

What You Will Do:

• Own the second line oversight program for capital markets risk, including the annual oversight plan, coverage standards and the methodologies used to evaluate first line risk management.
• Direct the independent evaluation of funds management and liquidity risk management processes, including contingency funding plan adequacy, and approve the resulting risk conclusions.
• Provide credible challenge to prepaid deposit assumptions, decay analysis and deposit behavior modeling, and to interest rate risk assumptions, models and scenario design.
• Assess the risk characteristics of the investment portfolio, counter party exposures, foreign currency translation risk, and hedging, derivative, secondary loan market sale and off-balance sheet strategies; elevate exposures that fall outside approved appetite.
• oversee exposure limits, key risk indicators and control design that protect assets through shifting market conditions; determine when a breach requires remediation, executive escalation or Board notification.
• Serve as the designated second line voice on business level committees and working groups, sponsoring new working groups where oversight gaps are identified.
• Partner with the Treasury department to understand risk management processes while preserving the independence of the second line's conclusions.
• Monitor and enforce adherence to financial regulations, market standards and internal policy, coordinating with Internal Audit, Model Risk Management and Compliance to avoid duplication and close coverage gaps.
• In partnership with the Head of Financial Risk, serve as second line contact for examiners and external auditors on capital markets matters; own the response, the remediation plan and its closure.
• Perform other duties as assigned.

What You Will Need:

• Bachelor’s Degree or equivalent education and work experience; degree in finance, business, economics or mathematics preferred.
• MBA Degree or CFA, preferred.
• Typically 12+ years with bachelor's or equivalent, in banking, capital markets or comparable financial services.
• 8+ years of direct experience with capital planning, liquidity risk, interest rate risk and investment portfolio management.
• Demonstrated experience communicating risk to regulators and audit firms, leading those discussions, presenting information and responding to requests.
• Experience presenting to executive management, risk committees and boards of directors, and defending independent risk conclusions.
• Prior experience with prepaid deposits, preferred.
• Strong analytical skills and executive-level written and verbal communication; translates technical risk into clear implications and recommendations for executives, committees, the…