Associate Risk Manager 90k plus bonus – Jersey City

With over 40 years of experience, Our client is the premier post-trade market infrastructure for the global financial services industry.

Department Function:

One of the main functions of the Enterprise Risk Management department is to protect the safety and soundness of the markets in the areas of clearance and settlement in the Company complex.

The Liquidity Risk group within Enterprise Risk Management is responsible for assessing and managing the liquidity risks associated with operating entities.  The Liquidity Product Risk group analyzes the liquidity needs  and ensures that sufficient liquidity is available to fund a potential insolvency.

Position Summary:

Manages liquidity risk projects for all entities.

Principle Responsibilities:

  • Leads  the execution of new liquidity initiatives and enhancements of existing methodologies and systems
  • Provides analysis to support the development of new liquidity initiatives and enhancements of existing methodologies
  • As needed, liaise with ERM risk management, other departments, as well as internal audit and regulators
  • Presents supporting data for trend analysis and impact studies
  • Responsible for the review and approval of reports necessary to monitor liquidity risk exposures for each subsidiary
  • Manage achievement of project deliverables and provide updates to ERM management
  • Proactively identifies own development needs
  • Contributes to supporting the department in adherence to Compliance policies and as set forth by various regulatory bodies


  • 2 to 5 years relevant work experience
  • Must have strong Excel and Access reporting skills
  • Financial Services background
  • Risk Management experience preferred

Knowledge/Skills Required:

  • Good analytical, problem-solving and decision-making skills
  • Good communication skills, both oral and written
  • Team player
  • Ability to work well under pressure
  • Ability to present to senior management
  • Self-starter and innovative
  • Access SQL or basic programming skills a plus

Education, Training, Certification:

Bachelors Degree in Accounting, Finance, Business or Economics.



The Risk & Control Advisor (RCA) – 125k (JERSEY CITY)

Department Function

Internal Audit’s mission is to provide independent, objective assurance and advisory services to assist the enterprise in maintaining an effective system of internal controls.

Internal Audit supports the Boards of Directors in their oversight of the governance, risk and control framework, and will achieve and maintain the highest level of professional standards, while furthering the development of our employees.

Position Summary

The Risk & Control Advisor (RCA) is predominantly focused on audit projects, participating in planning, driving fieldwork, and assisting with report clearance. The RCA’s primary measure of success is identifying meaningful potential issues about the design and effectiveness of controls, and creating reliable documentation to support his or her work. The RCA must manage a number of auditee relationships, be a good team player, and take accountability for his or her personal growth and professional development. The RCA in Financial and Operations (FinOps) audit team will primarily focus on controls of audits covering all aspects of Over The Counter (OTC) derivatives regulatory reporting requirements such as Dodd-Frank, ESMA, and MAS within the Global Trade Repositories.

Principal Responsibilities

Strategic Control Impact

  • Identify meaningful issues from audit fieldwork
  • Work closely with auditors to achieve timely progress on agreed action plans
  • Build advisory relationships with middle managers outside the context of IAD’s routine audits
  • Support risk management priorities:
  • Take ownership for identifying risk, such as credit, market, liquidity, operational, legal, compliance, technology, and systemic, within his or her assigned area of responsibility
  • Adhere to departmental risk policies, procedures and best practices
  • Identify opportunities for improving existing processes or creating new ones that more effectively anticipate, manage and reduce risk
  • Maintain awareness of regulatory issues and comply with regulatory requirements
  • Comply with corporate initiatives, such as the New Initiatives Process (NIC), Management Self Identification of Audit Issues, Management Control Awareness & Responsiveness (MCAR), Operational Risk & Control Self Assessments (RCSA), etc.
  • Demonstrate the behaviors of and build competency with creating a risk management mindset

Audit Execution

  • Consistently demonstrate an ability to complete risk-focused fieldwork on time and on budget, notifying the audit manager promptly of any possible impediments to success or when budgets might be exceeded
  • Fully resolve review notes and apply learning from those review notes to future projects
  • Lead projects from time to time as experience grows

Quality Process

  • Demonstrate a strong knowledge of IAD’s policies and procedures—particularly work paper documentation standards
  • Participate in continuous improvement initiatives

Individual & Team Development

Demonstrate a strong commitment to teamwork, helping peers wherever possible

Identify and seize opportunities to grow skills, talents, and knowledge about audit planning, reporting, and the products and functions he or she audits

3-7 years of experience; Previous internal or external audit experience is helpful, but not required.

Previous job experience for RCAs can and should vary greatly to meet the department’s goal of having a team with diverse perspectives and work experiences.

An applicant will benefit from having experience identifying; assessing and advising on risks for OTC related products.


Leadership Model sets out the core behaviors required of all employees. Each RCA position is unique and may require the incumbent to have or build specific knowledge of the businesses, products, functions, and processes within his or her coverage responsibilities.

More broadly, successful RCAs typically demonstrate the following skills and behaviors:

Good written and oral communication skill

  • Strong analytical and problem solving skill
  • Self-starter, with the ability to work independently and in teams
  • A high degree of responsibility in balancing multiple commitments and meeting aggressive deadlines and commitments to stakeholders
  • Have strong analytical skills, be organized, detail oriented and must be able to handle multiple tasks with tight deadlines.
  • Knowledge of  products and services or equivalent financial services products, most notably OTC.
  • Ability to identify key risks and assess effectiveness of controls
  • Knowledge of OTC regulatory reporting requirements (e.g., ESMA, FCA, Dodd-Frank, JFSA, MAS, HKMA, SEC) is strongly desired