The Risk Management Department plays a key role in the firm's ongoing efforts to mitigate market, operational and regulatory risk. The Department currently concentrates its efforts on Securities Lending oversight, Operations and Control Testing and Third-Party Vendor Risk Management.
What you are good at: Analytical ability - Able to effectively review information and data in order to identify issues and opportunities;
Communication - Must be able to effectually communicate verbally and in writing with senior level leadership;
Initiative - Proactively look for opportunities to enhance our risk management framework;
Building Relationships- Connecting with others in a way that fosters trust and creates collaborative relationships
Responsibilities: - Distribute daily Fixed Income risk reports to monitor inventory levels and hedging strategy
- Coordinate and manage firm-wide initial and ongoing due diligence process for vendor management
- Preserve the framework for monitoring of the securities lending business
- Research new counterparties and establish credit limits during onboarding
- Evaluate existing counterparties for financial stability and adjust limits accordingly
- Create hypothetical scenarios to assess exposure and review collateral obligations
- Monitor adverse contract differences, concentration thresholds and limit breaches
- Evaluate risk exposure and report deviations of concern to senior management
- Compile presentations and identify outliers for a weekly Operations meeting
- Interface with internal and external auditors to evaluate Janney's control environment
- Perform and manage the annual Compliance Report for CFO certification
- Liaison between Grant Thornton and operational control owners
- Develop and execute tests to ensure internal controls are operating as intended
- Support Trading, Compliance, Operations, IT and Finance to meet their regulatory obligations
- Create Form Custody Report on quarterly basis as an addendum to the FOCUS filing
- Monitor suspense account balances and confirm managerial review of activity
- Develop and implement AI use cases to drive efficiency and streamline processes
What you have: - Four year college degree preferred, or equivalent industry experience required
- Over three years of work experience in financial services preferred
- Critical thinking skills, able to analyze scenarios and communicate the results effectively
- Team player with a sense of initiative and ability to execute with minimal direction
- Professional with relationship building skills who can collaborate across business lines
- Attention to detail and ability to multi-task in a fast-paced environment is essential
- Working knowledge of Microsoft Office Suite and Excel is required
- Knowledge of SQL and Capital Markets trading platforms would be a plus
Why work for us:Benefits: Janney believes that its employees are the key to what makes a great company. Although work makes up a large portion of an employee's life, we believe that a balance between work and non-work activities is essential to maintain quality performance and a positive work atmosphere. We offer a competitive package including Paid Parental Leave, generous Paid Time Off, eligibility for a $2,000 referral bonus, Employee Ownership, and Professional Development Assistance Plan designed to help you make the most of your life at work and at home-today and in the future.
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