Fixed Income Capital Markets Risk Manager

Job Description Summary

Partners with Fixed Income Capital Markets (FICM) business leaders and key stakeholders to identify, assess, monitor, and manage risk across the business. Independently evaluates business processes, risks, and controls; provides practical risk guidance and credible challenge; and drives initiatives that strengthen the department’s risk and control environment.
Works collaboratively with associates and leaders across sales, trading, operations, technology, finance, compliance, legal, audit, and enterprise risk to lead recurring risk activities, support business initiatives, resolve complex issues, and provide informed risk perspectives on changes affecting the FICM business.
The ideal candidate is an experienced risk or financial services professional with strong analytical, problem-solving, communication, and organizational skills. Success in this role requires sound judgment, initiative, ownership, intellectual curiosity, and the ability to independently manage multiple priorities while influencing and collaborating effectively across functions. The candidate should be comfortable constructively challenging assumptions and translating complex risk matters into practical recommendations for business partners and management.

• Promotes and advances practical risk management and control practices that support the FICM business, its strategic objectives, and an effective risk culture.
• Leads and performs the identification, assessment, monitoring, escalation, and reporting of operational, compliance, market, credit, and other business risks, applying judgment to determine materiality and appropriate action.
• Plans and leads risk management projects and other cross-functional initiatives by defining objectives, coordinating stakeholders, managing deliverables and dependencies, resolving issues, and communicating status, risks, and decisions.
• Researches and interprets internal policies and standards, business requirements, regulatory guidance, and industry practices; assesses applicability and business impact and provides practical guidance to stakeholders.
• Leads business process and risk walkthroughs to evaluate workflows, key risks, controls, dependencies, and change impacts; identifies gaps and recommends enhancements to strengthen the control environment.
• Owns and maintains risk and control assessments, control inventories, policies, procedures, issue logs, risk acceptance documentation, and related governance materials, ensuring information is accurate, current, and appropriately supported.
• Designs and executes control testing and monitoring activities using established methodologies; evaluates control design and operating effectiveness, analyzes evidence, documents conclusions, and escalates meaningful exceptions or weaknesses.
• Collects, validates, reconciles, and analyzes qualitative and quantitative information from multiple sources to identify trends, anomalies, emerging risks, concentrations, and potential control weaknesses; develops clear conclusions and actionable insights.
• Leads issue management activities, including documenting observations, performing or facilitating root cause analysis, evaluating remediation plans, monitoring corrective actions, challenging overdue or insufficient responses, and supporting timely closure.
• Prepares and presents professional reports, dashboards, presentations, committee materials, and management updates that clearly communicate risk themes, trends, issues, decisions, and recommended actions.
• Coordinates and supports internal and external audits and other independent reviews, including managing information requests, researching inquiries, evaluating findings, coordinating responses, and monitoring related commitments.
• Builds trusted relationships with business leaders and partners; serves as a risk resource by providing guidance, facilitating problem solving, constructively challenging decisions, and helping stakeholders develop practical risk-based solutions.
• Performs other duties and responsibilities as assigned.

• Concepts in business…