Web3 DeFi Jobs in North America

Team: Enterprise Risk Management – Climate Risk and Digital Assets

Level: Analyst

Location: Salt Lake City 

DIVISIONAL OVERVIEW:

The Risk division identifies, monitors, assesses, and manages financial and non-financial risks in support of the firm’s appetite and strategic plan as well as the risk of expected and unexpected events that may have an adverse impact on the firm. Risk teams play a critical function for the firm, driving how risk is taken and managed. Risk professionals execute critical day-to-day risk management activities, operating in a fast paced and dynamic environment and utilizing best-in-class risk tools and frameworks. Risk teams are analytically curious, have an aptitude for challenge, and an unwavering commitment to excellence. Effective coordination with executive management, business units, control departments and technology is critical for success.

The Enterprise Risk Management (ERM) department manages a range of pan-Risk capabilities to ensure that Risk and divisional leadership have a comprehensive and aggregate view of the firm’s risk profile, inclusive of both financial and non-financial risks, in a way that facilitates strategic planning and risk decision making. ERM oversees the evaluation and planning of new business initiatives, management of evolving or emerging risks, governance of the division’s frameworks, processes, and capabilities, as well as regional and legal entity governance.

JOB SUMMARY:

The ERM group associated with this opportunity covers three risk portfolios, Sovereign and Economic Risk, Climate Risk, and Digital Assets Risk. The candidate for this role would likely support a mix of these portfolios, including Climate and Digital Assets Risk. 

The Climate Risk team leads the firm’s strategy and framework for monitoring, assessing, and managing climate-related and environmental risks. This includes evaluating the firm’s exposure to both physical and transition risks through its balance sheet positions and determining the potential impact to firmwide operations. Climate Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust climate and environmental (“C&E”) risk management program. 

The Digital Assets Risk team leads the Risk Divisions approach to Digital Assets Risk Management across risk stripes. This includes new activity assessments and product working groups, risk framework development, exposure tracking, and regulatory interactions. Given the upward trajectory of this unique portfolio, the Digital Assets Risk Team provides valuable advisory across risk division leadership and business development teams.       

Both the Climate and Digital Assets team interacts closely with all areas of Risk, as well as with various groups across the firm including Executive Office, Legal, Compliance, Controllers, Global Banking & Markets, Asset and Wealth Management and Risk Engineering. 

RESPONSIBILITIES:

• Support day to day responsibilities and strategic priorities of the Enterprise Risk programs 
• Prepare regulatory submissions as part of the ongoing supervision process, regulatory examinations and other regulatory deliverables
• Monitor the changing regulatory landscape including reviewing, interpreting and providing guidance to help shape the further development of the Climate and Digital Asset programs
• Support implementation of C&E considerations into 1LoD and 2LoD processes 
• Contribute to the design of the Risk Appetite Statement framework, including calibrating limits and monitoring utilization reports 
• Partner with quant team to understand use of risk models and scenario capabilities to inform views of portfolio risks
• Manage internal risk frameworks and processes including risk identification, including the tracking and quantification of risk exposure
• Contribute to Risk Committee and Board Risk Committee materials, regulatory submissions, and external disclosures 
• Develop an understanding and expertise in the unique risks common in the applicable portfolios
• Maintain relationships with key stakeholders across multiple divisions 

SKILLS & EXPERIENCE:

• Bachelor's degree (preferably in finance, computer science, or a quantitative discipline) 
• 1-3 years in the Financial Services / Banking industry or experience in the ESG and sustainability space
• Demonstratable interest or background in sustainability and climate-related risk, and / or digital assets / crypto, digital ledger technology, and traditional financial products 
• Exceptional verbal, written, and interpersonal communication skills 
• Strong analytical skills with high attention to detail and accuracy 
• Strong organizational skills and ability to manage multiple assignments concurrently
• High proficiency in Excel and PowerPoint required 

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