Job Description

Job Description

Job Description

Position: Risk Manager

Department: Risk Management

Reports To: Chief Risk Officer

Employment Status: Full-Time, Exempt

Office Location: Miami, FL (onsite)

Supervise: None

Job Summary

The Risk Manager will play a key role in supporting the Bank's enterprise-wide risk management framework across multiple risk dimensions, with particular emphasis on credit risk. The successful candidate is a highly detail-oriented and intellectually curious individual who thrives in a dynamic environment and demonstrates strong analytical and critical thinking skills. The Risk Manager sits at the nexus of enterprise risk and credit risk and as such works closely with both the Chief Risk Officer (CRO) and the Chief Credit Officer (CCO). This position is primarily responsible for credit portfolio management and administration, independent valuation validation of investment securities, review and monitoring of insurance coverage, and supporting general enterprise risk management (ERM) functions, including governance and reporting.

Essential Responsibilities and Duties:

Credit Portfolio Management & Administration

• Monitor and analyze the Bank's credit portfolio, identifying concentration risks, credit quality trends, and emerging risks.
• Support or conduct various analyses and credit risk modeling to assess portfolio resilience.
• Lead portfolio-level reporting for management, risk committees, and the Board.
• Assist in credit policy governance and administration, ensuring policies are up to date with regulatory guidance and best practices.

Independent Valuation Validation

• Conduct independent validation of investment security valuations, including market pricing, discount rates, and assumptions used in fair value measurements.
• Document validation findings and escalate discrepancies in accordance with governance procedures.

Insurance Coverage

• Review and monitor adequacy of the Bank's insurance program (D&O, cyber, property, liability, etc.) to ensure alignment with business risks and regulatory expectations.
• Periodically assess cost-benefit of coverage and prepare insurance risk reports for executive management.

Enterprise Risk Management & Governance

• Support the ERM framework across other risk dimensions via ad-hoc projects.
• Assist in maintaining the risk appetite framework, risk register, and Key Risk Indicators (KRIs).
• Participate in the preparation of materials for Risk Committee and Board reporting, ensuring accuracy, clarity, and regulatory compliance.
• Support issue management, risk assessments, and policy governance processes.

Collaboration & Advisory

• Partner with business units to embed risk management practices into day-to-day operations.
• Provide support in risk assessments for new products, vendors, or strategic initiatives.
• Promote a culture of risk awareness throughout the organization.

Change & Continuous Improvement

• Identify opportunities to improve risk management processes and reporting.
• Support projects and initiatives designed to strengthen the Bank's risk posture.
• Adapt quickly to regulatory, operational, and technological changes impacting risk management.

General Responsibilities:

• Comply with all safety policies, practices and procedures. Report all unsafe activities to supervisor and/or Human Resources.
• Participate in proactive team efforts to achieve departmental and company goals.
• Perform other duties as assigned.
• Provide leadership to others through example and sharing of knowledge/skill.
• Receive very general guidance with respect to overall objectives; work is usually quite independent of others; operate within specific policy guidelines.
• Prioritize, and organize assignments.
• Handle multiple tasks simultaneously.

Qualifications:

• 5-8+ years relevant experience with banks or other financial institutions
• Thorough knowledge of the laws and regulations from regulatory agencies, and solid understanding of internal controls
• Bachelor's degree in a relevant discipline required. Graduate degree preferred.
• Professional certifications in risk management, audit, project management or investment management a plus.

Additional Requirements:

• Superior verbal and written communication skills.
• Entrepreneurial spirit and attitude necessary to establish and maintain positive working relationships with all management and personnel.
• Ability to communicate complex concepts with a diverse audience.
• Superior Microsoft Office skills required, with particular emphasis on outstanding Powerpoint presentation and Excel skills.
• Strong organizational and project management skills needed to handle the coordination of multiple priorities.
• Independent judgment with strong analytical and risk assessment skills.

Job Tags

Full time, Work at office,

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