Senior Manager, Enterprise Risk

Intercontinental Exchange Holdings, Inc.•Chicago, IL

About The Position

The Enterprise Risk Department operates as an independent second-line risk function, responsible for developing and administering the enterprise risk framework used to identify, assess, and report risks, as well as conducting independent model validation. This function establishes parameters for risk management, identifies and escalates risks independently when necessary, and provides robust oversight and challenge across the business. Its objective is to ensure effective management of all business, financial, and non-financial risks faced by the clearing house, including - though not limited to - model risk, market risk, credit risk, liquidity risk, investment risk, and operational risk. Senior Manager, Enterprise Risk serves as a key leader within the second line risk function, supporting the oversight of risk management practices at North American Clearing houses. The candidate will be responsible for enhancing and executing the risk framework, as well as identifying, quantifying, and escalating risks. The role requires a broad skillset spanning both risk policy and process leadership and the ability to critically assess and challenge the first line on risk methodologies, analytics, and models. The role has extensive exposure to senior management and provides a unique platform to leverage a skillset that includes a broad understanding of the risks facing complex, systemically important financial institutions, as well as in depth experience in risk management and operational processes required to manage them.

Requirements

Advanced degree in a quantitative discipline
Strong experience in financial services risk management or similar analytical role
Deep knowledge of financial markets and derivatives
Solid understanding of financial and non-financial risks
Strong verbal and written communication skills
Proven ability to influence and challenge senior stakeholders
Experience managing teams

Nice To Haves

Experience with enterprise risk frameworks
Background in clearing houses or clearing business
Exposure to regulatory engagement and governance committees

Responsibilities

Maintain and enhance the strong, disciplined risk culture within the Enterprise Risk Department and more broadly across the Company
Ensure robust risk management policies, procedures and processes are in place
Ensure the effective execution of the risk management and governance framework, including the policies and procedures established at the clearing houses
Manage the reporting and escalation of risks to the Senior Management team, the Board and appropriate Governance Committees.
Build and develop a strong team of second-line risk professionals
Provide support to teams leading model validations and credit risk monitoring, and collaborate with risk resources across the wider ERM group
Represent ERM and/or North American Clearing houses in engagements with regulators or other external stakeholders
Maintain and execute the clearing house risk appetite framework, or specific aspects of it, including setting, calibration, and articulation of risk appetite statements and limits for North American Clearing houses
Administer the annual review of the Risk Appetite Framework, including: Assessing whether measures, thresholds, and limits are operating as intended, Determining whether recalibration is required, Assessing whether all key risks are adequately covered by existing metrics
Own and maintain Risk Registers, Risk Assessments, and Emerging Risk processes
Provide ongoing input to the first line on risk identification and assessment, including assessment of new strategic and financial risks and deliver challenge to first line risk policies, processes, and controls
Be responsible for the identification, quantification, and escalation of risks
Produce clear and insightful reports on the clearing house risk profile and control effectiveness for Senior Management team, Board, and other relevant committees
Perform qualitative and quantitative risk assessments as challenge to the regular risk measurement and assessment responsibility of the first line functions.
Develop or manage the development of appropriate methodologies and quantitative tools necessary to effectively monitor and evaluate risks.
Maintain industry awareness, best practice insight and regulatory knowledge with regards to clearing house risk management.
Will be encouraged to participate in and contribute to industry forums with respect to clearing house risk management standards and regulations