SVP, Chief Risk Officer – Private Client Group

Job Title

Chief Risk Officer - Private Client Group (Wealth Management) – Raymond James

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

• Establishes and oversees the implementation of a risk management framework for the business unit, including defining the business appetite for risk taking and establishing appropriate controls.
• Conducts and presents regular risk reviews to provide an independent perspective of the business and to keep pace with the changing business environment.
• Builds trusted relationships with senior leadership, including executive management of the Private Client Group (PCG), the firm’s wealth management unit, and Asset Management divisions, serving as a strategic and independent partner to evaluate, challenge, and guide business decisions.
• Continuously monitors and analyzes the business risk profile and tolerance across risk stripes including market, credit, liquidity and operational risks.
• Identifies emerging risks and advises on risk mitigation strategies.
• Leads the development and implementation of risk assessment and quantification models needed to risk manage the business.
• Oversees and evolves risk reporting processes to enhance the accuracy and effectiveness of risk information.
• Ensures the business risk management practices comply with regulatory requirements and industry best practices. Engages with regulators to provide essential risk context.
• Reports risk-related data including risk exposure, compliance to risk policies, and effectiveness of current risk management strategies to the Board of Directors, senior management and risk committees.
• Collaborates with the business and other key stakeholders to evaluate the risk associated with potential mergers and acquisitions, new product offerings, and other initiatives.
• Shapes the firm’s 1
  
  LOD/2
  
  LOD risk governance model, helping define and clarify roles and responsibilities across the risk lifecycle.
• Leads and scales a growing risk team, with responsibility for hiring, developing and managing talent aligned to the evolving needs of a growing organization.
• Acts as a change agent within a transforming environment, setting strategic direction for risk management as the firm deepens capabilities and platform expansion for advisors.
• Performs other duties and responsibilities as assigned.

• Advanced knowledge of risks and regulations in all aspects of the Private Client and Asset Management
• Risk assessment methodologies
• Risk governance structure and design
• Risk policy and procedures
• Infrastructure design, risk controls and segregation of duties
• Relevant risk-based regulatory schemes including Basel I and Basel II and current rules under review
• Sarbanes Oxley regulations
• Software development processes
• ISDA/CSA and MBA documentation with the ability to provide advice on documentation negotiation from the credit perspective
• Securities/Private Client and Asset Management products and an understanding of market standard risk management practices
• Broker-dealer supervisory frameworks, retail investment platforms, and UHNW product risks including structured products, alternatives, and advisory platforms

• Risk operations, work processes, internal controls and banking regulations
• Excellent communication skills to clearly articulate matters with internal and external clients
• Planning and scheduling work to meet regulatory organizational requirements
• Identifying and applying appropriate monitoring procedures
• Preparing oral and/or written reports
• Making rule-based and analytical decisions
• Project management skills and ability to complete long- and short-term projects
• Analytical thinking with experience identifying and quantifying complex problems and providing effective resolutions
• Leading through change and ambiguity, and influencing cross-functional stakeholders without formal authority
• Balancing independence and collaboration in a client- and…