Sr Director, Wealth CIO Operations & Execution

TIAA • Frisco, TX

1d

About The Position

The Wealth CIO team is seeking an experienced Sr. Director of Operations, Execution, and Risk. This person would ensure that investment and business processes are efficient, scalable, and aligned with regulatory and fiduciary obligations in PAM and IMG, while delivering value through operational excellence. The responsibilities would fall into three categories: 1) Investment and Business Risk Management; 2) Reporting and Oversight; 3) Practice Management. Key Responsibilities and Duties Investment and Business Risk Management Work with investment leaders in PAM and IMG to implement and monitor investment through oversight routines, maintain risk management metrics, identify breaches for the PAM business and work with SMEs to address. Analyzing books for outliers and trends in behavior. Perform statistical analysis of investment risk data to create reporting frameworks that track exposure levels, identify trends, and inform risk strategy. Maintain Risk & Control inventory Act as primary liaison with Business Controls, Compliance / Risk / Audit functions • Management of audit / oversight needs Respond to requests and service BAU needs of LRC, auditors, and oversight bodies Oversight Reporting and Documentation Coordinate with CIO leaders and LRC and business partners to prepare materials for Investment Committees and other oversight bodies. Create agenda in coordination with CIO and other leaders and represent business on projects, committees and board meetings as needed including running committee meetings. Centralizing, adherence, quality control on documentation expectations. Maintaining up to date SOPs and procedures. Practice management and Operational Excellence Research and identify root causes of issues, gaps in practice management routines. Partner with peers to resolve. Train staff, as needed and create awareness of risk, compliance, and regulatory expectations.

Requirements

• 5+ years of risk management experience in wealth management, trust and/or brokerage as well as product development and management.
• Experience in wealth and broker/dealer risk management.
• Experience working closely with legal, compliance and internal audit.

Nice To Haves

• University degree
• Significant risk management experience within a wealth, trust and/or brokerage business as a senior risk leader or an external consultant.
• Compliance experience in these areas would also be beneficial.
• Deep knowledge of wealth, trust and retail brokerage businesses.
• A self-starter with excellent interpersonal, organizational, and leadership skills.
• Prior experience working directly with regulators, such as the OCC, SEC, FINRA- Ability to identify and implement effective risk assessment processes, models, and systems in line with corporate guidelines.
• Ability to adapt to and initiate change.
• Ability to assist in optimizing risk-taking to achieve business results.
• Demonstrated ability to work collaboratively with cross functional groups and support senior management.
• Ability to evaluate appropriate fund selection for specific platforms and manager/fund selection process.
• Ability to review, analyze, and explain fixed income and equity risk reports and identify investment performance attributes.
• Familiarity with risk identification and mitigation techniques and strategies.
• A highly collaborative business partner who can effectively manage and influence relationships that are widely dispersed both functionally and geographically.

Responsibilities

• Investment and Business Risk Management Work with investment leaders in PAM and IMG to implement and monitor investment through oversight routines, maintain risk management metrics, identify breaches for the PAM business and work with SMEs to address.
• Analyzing books for outliers and trends in behavior.
• Perform statistical analysis of investment risk data to create reporting frameworks that track exposure levels, identify trends, and inform risk strategy.
• Maintain Risk & Control inventory Act as primary liaison with Business Controls, Compliance / Risk / Audit functions
• Management of audit / oversight needs Respond to requests and service BAU needs of LRC, auditors, and oversight bodies Oversight Reporting and Documentation Coordinate with CIO leaders and LRC and business partners to prepare materials for Investment Committees and other oversight bodies.
• Create agenda in coordination with CIO and other leaders and represent business on projects, committees and board meetings as needed including running committee meetings.
• Centralizing, adherence, quality control on documentation expectations.
• Maintaining up to date SOPs and procedures.
• Practice management and Operational Excellence Research and identify root causes of issues, gaps in practice management routines.
• Partner with peers to resolve.
• Train staff, as needed and create awareness of risk, compliance, and regulatory expectations.

Benefits

• The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates.
• That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones.
• Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Director