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VP - Risk Framework and Policy

  • Location

    New York City

  • Sector:

    Financial Services and Banking

  • Contact:

    Michael Herring

  • Contact email:

  • Salary high:


  • Salary low:


  • Published:

    5 months ago

  • Expiry date:


Our client is seeking a Vice President to join their Risk Management Department as a Credit Risk Policy specialist.

The successful candidate will leverage prior experience in credit risk management and/or credit review functions to play an active role in creating, drafting, enhancing/amending and delivering key credit risk management and/or credit review policies and procedures to address firm and regulatory requirements.

In addition, the person will be responsible for supporting policy-related documentation creation in other risk disciplines, as needed.


The individual should be able to:

  • Work with multiple stakeholders across risk groups and other departments to ensure all appropriate items are addressed in policies;
  • Review, design, update, enhance or amend and draft existing and new credit risk management and / or credit review policies and procedures to ensure key required elements are addressed in policies and procedures;
  • Identify current state of policies under review, formulate the required/desired state based on regulatory and best practice standards, conduct and document gap analysis and draft the update policy or procedure documents to ensure all identified gaps are remediated;
  • Articulate and present challenges, issues, required decisions, path to resolving challenges, next steps, decisions, pros/cons; build consensus and hold stakeholders responsible to ensure timely completion of policy or procedure drafts;
  • Coordinate the periodic updates to the policy status, ensure deadlines are met and escalate issues to the senior management when appropriate;
  • Draft/write new policies and modify existing policies;
  • Enhance Policy Framework and follow through on implementation initiatives;
  • Frame the context and objectives of projects; determine meaningful milestones using knowledge of credit risk, credit review, regulation and data capabilities;
  • Articulate challenges, issues, required decisions, path to resolving challenges, next steps, decisions, pros/cons;
  • Develop project plans and presentation decks, coordinate periodic updates to the plan and status, ensure project deadlines and met and to escalate issues to senior management.


  • Strong technical and quantitative analysis skills with superior knowledge of Microsoft Word, Microsoft Excel and PowerPoint
  • Sound understanding of banking regulation and related supervisory guidance
  • Experience working with internal and external teams to develop risk, credit review policies
  • Ability to self-manage and prepare documentation, while managing assigned projects under tight deadlines
  • Good organizational skills
  • Ability to work independently to deadlines and project manage to ensure completion in accordance to the highest regulatory standards and industry best practices


  • Experience in credit risk management function or credit review function gained at large bank
  • Minimum work experience in financial services of eight years or more


  • Bachelor's Degree