Senior Risk Manager, Counterparty Credit Risk (Enterprise Risk Management) (New York)

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Job Summary

The role will play a critical role supporting the Risk Lead of Standard Chartered Securities North America LLC (SCSNA) in the development and implementation of the Enterprise Risk Management (ERM) framework for SCSNA as the entity expands into a full-service U.S. broker-dealer. Responsibilities include assisting the Risk Lead in designing and implementing risk governance frameworks, establishing legal entity-specific risk policies and standards, developing risk appetite and limit frameworks, coordinating regulatory readiness activities, and supporting regulatory examinations conducted by the Federal Reserve, SEC, and FINRA.

In parallel, this role supports the CCR Head, Americas in the management, oversight, and governance of Counterparty Credit Risk and broader Traded Risk activities across the Americas region. The individual will contribute to risk governance, portfolio oversight, risk appetite management, regulatory engagement, and strategic risk initiatives, while helping ensure that risk exposures are managed in accordance with Group standards and regulatory expectations.

Additionally, the role will support the Cluster Head, Operational, Technology & Cyber Risk (OTCR), Americas in providing Second Line oversight of Operational Risk across SCSNA and other areas as required. Responsibilities will include supporting risk and control oversight, monitoring and escalation of material operational risks and events, governance and regulatory activities, and independent review and challenge in accordance with the Operational Risk Framework.

Key Responsibilities

General Management of CCR Function in Americas
• Support the CCR Head, Americas in overseeing Counterparty Credit Risk across Financial Markets portfolios and ensuring exposures are managed within approved risk appetite and limits.
• Monitor counterparty and group-level exposures, portfolio concentrations, collateral risks, tenor profiles, credit quality, and country, sector, and product risks.
• Identify emerging risks and deteriorating credit profiles through analysis of market developments, exposure trends, collateral performance, margin activity, and settlement behavior.
• Review material mark-to-market, potential future exposure, settlement risk, stress testing, and wrong-way risk exposures, recommending appropriate risk-mitigation actions.
• Support the establishment, allocation, monitoring, and periodic review of CCR portfolio limits and triggers, including temporary increases, waivers, and exceptions.
• Provide independent risk review and challenge for complex derivatives, securities financing transactions, structured financing, long-settlement transactions, and other material exposures.
• Assess transaction structures, counterparty creditworthiness, exposure profiles, collateral terms, margining arrangements, legal protections, liquidity, and concentration risks.
• Review transactions requiring Traded Risk approval, including limit and tenor excesses, collateral or margining exceptions, wrong-way risk transactions, and exceptions to approved portfolio parameters.
• Assist the CCR Head in exercising delegated authorities, ensuring approvals are appropriately analyzed, documented, conditioned, monitored, and escalated where required.
• Support oversight of pre-deal checks and transactional approvals against counterparty limits, portfolio limits, tenor restrictions, and other applicable risk parameters.
• Monitor limit excesses and transactional breaches and coordinate their timely investigation, classification, escalation, remediation, and reporting.

• Oversee key CCR risk indicators, including outstanding confirmations, past-due and failed trades, margin disputes, missed collateral calls, roll-off risk, and forthcoming break clauses.
• Assess collateralized portfolios and transactions for collateral eligibility, valuation, liquidity, concentration, correlation, haircuts, margining terms, and legal enforceability.
• Review CCR stress-testing results and recommend changes to limits, risk mitigants, transaction structures, or exposures where material vulnerabilities are identified.
• Prepare portfolio analysis, management information, risk commentary, and governance materials covering material exposures, concentrations, limit utilization, stress results, excesses, and emerging risks.
• Support regional and global CCR governance forums and coordinate with Front Office, Credit, Legal, Operations, Finance, Technology, and other control functions.
• Provide CCR input and independent challenge for new products, business initiatives, product programmes, country addendums, booking-model changes, and legal-entity expansion initiatives.
• Support regulatory examinations, audits, policy implementation, data-quality remediation, infrastructure enhancements, and the continued development of CCR capabilities across the Americas.

General Management of Standard Chartered Securities North America LLC
• Support the SCSNA Risk Lead in the design, implementation, and ongoing enhancement of the Enterprise Risk Management (ERM) framework for SCSNA as it expands into a full-service U.S. broker-dealer.
• Assist in the development and maintenance of the broker-dealer risk governance framework, including risk ownership, governance committees, escalation protocols, and three-lines-of-defence arrangements
• Support the establishment of legal entity-specific risk policies, standards, procedures, risk appetite statements, and limit frameworks aligned with Group requirements and regulatory expectations.
• Assist in the implementation of risk identification, assessment, monitoring, reporting, and escalation processes across key risk disciplines, including Credit Risk, Market Risk, Liquidity Risk, Operational Risk, Compliance Risk, and Strategic Risk.
• Contribute to the development of management information, risk dashboards, risk reporting, stress testing capabilities, capital and liquidity monitoring frameworks, and risk data aggregation processes to support effective risk oversight.

• Support regulatory readiness activities associated with the broker-dealer expansion, including coordination of risk-related deliverables, regulatory examinations, and interactions with the Federal Reserve, SEC, FINRA, and other relevant regulatory authorities.
• Partner with stakeholders across Risk, Compliance, Legal, Finance, Operations, Technology, and the business to support implementation of the target operating model and broker-dealer risk management infrastructure.
• Assist in the execution of key broker-dealer expansion workstreams, including governance and supervisory framework enhancements, risk control implementation, policy and procedure development, operational readiness, control testing, and Day 1 go-live preparations.
• Perform gap assessments against applicable regulatory requirements, Group standards, and industry best practices, and support remediation efforts to strengthen the broker-dealer's risk management framework and control environment.
• Support the build-out of an independent risk management capability for SCSNA, helping ensure that risk management processes, governance arrangements, and control frameworks are appropriate for the scale, complexity, and regulatory obligations of a full-service U.S. broker-dealer.

General Management of OTCR Risks in Americas

• Support the Cluster Head, OTCR, Americas in providing Second Line oversight and challenge of Operational Risk across SCSNA and other areas as required.

• Review and challenge material operational risks, controls and remediation activities, including risk assessments and the effectiveness of the control environment.

• Support the monitoring, escalation and reporting of material operational risks, control issues and Operational Risk Events in accordance with applicable policies and risk appetite.

• Provide Operational Risk input into material business changes, new products and Country Addenda, as appropriate.

• Support relevant Operational Risk governance, management reporting, regulatory and audit activities.

Skills and Experience

• Risk Management - Counterparty Credit Risk
• Risk Management - Enterprise Risk
• Working knowledge of Operational Risk Management
• Risk Management - C & I Credit Risk
• Knowledge of Broker Dealer operations associated Counterparty Credit Risk and Operational Risk management frameworks, and applicable US regulatory requirements.

Qualifications

• Market knowledge: 7+ years prior experience in risk management, ideally enterprise risk, counterparty credit risk and broad exposure to operational risk management.
• Business strategy and model: sharp business acumen (including ability to assess risk and appropriate levels of return), strong leadership qualities, excellent interpersonal skills and multi-cultural awareness.
• Risk management and control: demonstrated track record in successful management and ability to manage risk in geographically dispersed and highly varied product base. Expertise in process design and control.
• Regulatory framework and requirement: awareness and understanding of the regulatory framework in which the firm operates and the regulatory requirements and expectations relevant to the role of Chief Credit Officer, Financial Institutions Risk.
• Non-technical skills: significant relationship mana]]> <