Vice President, Clearing and Service Risk Management

Key Responsibilities

• Oversee and manage risk functions of the Clearing Broker-Dealer specific to Trading (i.e., Fixed Income and Equity Trading) and Operations. This includes functions such as: customer protection rule, treasury reporting, counterparty reviews, mark-up/mark-down, execution quality, etc.
• Management of key control and governance functions such as Consolidated Audi Trail (CAT), trading committees, general ledger reconciliations, TRACE/MSRB transaction reporting, trading activity fees, etc.
• Monitoring of pending and approved regulatory changes with impacts to Trading and Operations. Partner with Business Lines and Compliance to ensure readiness, secure funding, implement controls, etc.
• Ensure all required testing, audits, regulatory examinations/inquiries, etc. are completed on time and issues are escalated to second and third Line of Defense programs as required. This also includes day to day management of issue management, risk assessment, and change management programs.
• Develop internal partnerships that facilitate sharing of risk information and results across functional lines, resulting in an integrated risk management effort. Partners include Risk and Control Services, Compliance, Legal, AWM Risk, and other control functions.
• Identifies control enhancement and deficiencies, assesses exposure and significance, and proposes cost effective recommendations. Ensure business line risk policies are in place and monitored.
• Provide effective people leadership through effective coaching, feedback, and sound performance management practices.

Required Qualifications

• License: FINRA Series 7 and 24
• License: FINRA Series 53; or ability to obtain within 120 days
• 10+ years of work experience in financial services, specifically with risk or control functions, managing controls of a broker-dealer, and regulatory audits/reporting.
• Strong understating of the regulations and laws that impact clearing broker-dealers
• Strong knowledge of equity and fixed income regulatory requirements and processes
• Strong knowledge or experience with advisory products
• Demonstrated people leadership experience
• Bachelor’s Degree or equivalent work experience
• Ability to influence and collaborate across business lines to achieve results.

Preferred Qualifications

• Experience with financial and regulatory reporting
• Experience or knowledge of Operations Control functions (e.g., Customer Protection rule oversight, break/fail monitoring, etc.)
• License: FINRA Series 27

About Our Company
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

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