Project Management Role - Credit Risk Domain - Investment Banking

(Only Diversity)

Exp - 14+ yrs from Project Management, Transformation, Transition with Credit Risk .

Only from investment banking

The Digital and Transformation Office (RISQ/DTO) department is an important transversal partner within the Risk division (second line of defense), providing oversight for transformation projects, simplifying processes and ensuring data quality.

The RISQ/DTO team oversees transformation projects as well as setting and promoting strategy for Risk information systems. RISQ/DTO primarily focuses on:

- Setting the strategy for Risk information systems

- Definition and validation of group-wide projects to ensure that Risk division requirements are incorporated.

- Co-ordinates and supervises all the Risk division's transformation projects

- DTO, is a multidisciplinary and passionate team dedicated to Risk, which includes experts (architects, data and digital officers, process specialists, etc.), analysts & program managers able to conduct complex & innovative initiatives.

Operational Role:

The roles and responsibilities as Head of Digital Transformation are detailed under the 3 main functional pillars below:

1. Project Management:

- Manage a team of project managers involved in Transformation, Digital and Innovation projects.

- Develop Strategic project framework and support project sponsors in strategic planning.

- Interface internally with multiple teams to understand the missions / project requirements (be it transformation or digital initiatives), as-is processes and provide relevant solutions

- Conduct project health checks to assess the ability of projects to deliver their intended benefits.

- Work closely with RISQ and IT Managers to provide delivery advice, make recommendations for improvements and supporting projects for implementation of applicable standards and best practices

- Project Reporting, Definition and Information Management gaining a detailed understanding of the projects portfolio to answer ad-hoc questions from senior management

- Collaborate with a variety of groups across the Firm. You will need to quickly develop credibility with counterparts and maintain relationships to ensure accurate and detailed project status reporting and anticipation of risks for timely corrective actions.

2. Transition Management:

- Manage a team of business analysts and transition managers performing various risk processes and transition of activities

- Managing End to End process transition phases - Pre-Design, Design, Preparation, Execution & Stabilization. Mange the Offshoring Risk Assessment

- Governance & stakeholder management.

- Legal documentation management E.g. CSA, CSLA.

- Perform Transition Budgeting, FTE sizing, Cost-benefit Analysis

- Enhance functional expertise within the Risk domain.

- Help define, document and roll-out new Policies, Processes and Tools.

- Along with the Sponsor, identify Program Milestones and the value delivered, Propose preventive actions for program risks, Arbitrate escalated risks / issues, that cannot be solved at transition project level (or escalate them to Program Steering Committee or upper executive committees).

3. Data Management Office (DMO) :

- Facilitate the Identification / prioritization of data quality problems from RISQ teams (problems detected in production or in ongoing projects) analyse them, estimate the financial or any other issues in relation to the operations and identify the teams in-charge of the remediation.

- Conduct, in project mode, data quality remediation.

- Develop the tools available to the Data Management Office to lead its tasks: participate in discussions on relevant data quality indicators, new functionalities in IT tools and the positioning of automatic/manual controls that will allow to calculate these indicators

- Contribute to change management functions for RISQ users related to data quality, globally.

- Contribute to the facilitation of DQ governance within RISQ

Managerial Responsibilities :

- Develop - Risk Management mindset within the team

- Ability to cascade strategy to the team and motivate them around it.

- Develop and manage individuals identified as Successors.

- Anticipate and implement measures to secure organizational needs and attrition for your critical position.

- Maintain a high level of engagement within the business lines, ensure that the team is well engaged on organizational and transformation topics.

- Hire the right profiles for the roles below and grow the team. Ensure that there is a good talent pool.

- Ability to work in an ambiguous environment.

- Demonstrate leadership courage.

Technical and Functional Skills

Education / Certifications: Graduate / Master's in Finance or IT or Information System. PMP or PRINCE2 certifications will be an added plus

Functional Skills:

- Knowledge of Financial Risk management systems, processes and framework along with knowledge of Banking Regulatory environment. The role holder will need to demonstrate knowledge of the various types of models used within wholesale credit risk including PD, LGD, EAD, IFRS9, Stress Testing, etc, good understanding of the Basel 2/3 frameworks, regulatory impact of models, typical model built processes and specific knowledge of credit rating systems and processes.

Experience:

- Around 14 years of overall experience with at least 10 years of relevant experience handling Digital transformation initiatives within a Bank or Financial Institution. At least 5 years experience handling transformation projects in the Credit Risk domain is a must.