Vice President, Financial Risk - Capital Markets Oversight

Pathward, N.A.

4d•$182,000 - $273,000•Hybrid

About The Position

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 role partners with and provides credible challenge to the first line of defense. The role serves as the Bank's senior subject matter authority on capital markets risk, forms and defends independent risk conclusions, and advises senior leadership, asset/liability and risk committees, and the Board of Directors. It represents the second line with regulators, external auditors, and other independent reviewers, and provides assurance on compliance with governing policies. The role is responsible for oversight of risk strategy, frameworks, and programs for capital markets risk; assessing the Bank's capital markets risk position; communicating trends to senior leadership and risk committees; developing, monitoring, and reporting KPIs and KRIs; representing risk across the organization; and proactively addressing gaps and inefficiencies affecting risk initiatives. The responsibilities listed are not all inclusive and may change at any time.

Requirements

Bachelor’s degree or equivalent education and work experience.
Typically 12+ years of experience with a bachelor's degree 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 discussions, presenting information, and responding to requests.
Experience presenting to executive management, risk committees, and boards of directors, and defending independent risk conclusions.
Strong analytical skills and executive-level written and verbal communication; ability to translate technical risk into clear implications and recommendations for executives, committees, the Board, and regulators.
Deep subject matter expertise in banking and finance, liquidity risk and management strategies, interest rate risk modeling and assumptions, capital planning, and stress testing.
Working knowledge of quality control concepts and risk management.
Working knowledge of policy and procedure development and oversight.
Demonstrated ability to deliver credible challenge and influence without direct authority, with sound judgment about what to escalate to executive management and the Board.
Knowledge of Microsoft Office.
Competencies include influencing others, innovation, strategic thinking and business acumen, outcome driven, planning and organization, and empowering others.

Nice To Haves

Degree in finance, business, economics, or mathematics.
MBA degree or CFA.
Prior experience with prepaid deposits.
Knowledge of a governance, risk, and compliance platform such as Archer.

Responsibilities

Own the second-line oversight program for capital markets risk, including the annual oversight plan, coverage standards, and methodologies used to evaluate first-line risk management.
Direct independent evaluation of funds management and liquidity risk management processes, including contingency funding plan adequacy, and approve resulting risk conclusions.
Provide credible challenge to prepaid deposit assumptions, decay analysis, deposit behavior modeling, interest rate risk assumptions, models, and scenario design.
Assess investment portfolio risk characteristics, counterparty exposures, foreign currency translation risk, and hedging, derivative, secondary loan market sale, and off-balance-sheet strategies; escalate exposures outside approved appetite.
Oversee exposure limits, key risk indicators, and control design that protect assets through changing market conditions; determine when breaches require remediation, executive escalation, or Board notification.
Serve as the designated second-line voice on business-level committees and working groups, and sponsor new working groups when oversight gaps are identified.
Partner with Treasury to understand risk management processes while preserving the independence of second-line conclusions.
Monitor and enforce adherence to financial regulations, market standards, and internal policy; coordinate 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 the second-line contact for examiners and external auditors on capital markets matters; own responses, remediation plans, and closure.
Perform other duties as assigned.
Consult with the business to ensure policies, practices, and standards are followed and risk is appropriately mitigated.
Assess the Bank's capital markets risk position and communicate trends to senior leadership and risk committees.
Develop, monitor, and report KPIs and KRIs for internal measures, including senior leadership and Board reporting.
Represent risk at the appropriate organizational level and advocate for and defend decisions associated with strategy and plans.
Proactively identify gaps, roadblocks, bottlenecks, and inefficiencies affecting risk initiatives and work to mitigate them.