Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures, and Advanced Clearing & Prime Services divisions. . Headquartered in Los Angeles, California with over 90 offices and more than 125 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.

The Chief Risk Officer is responsible for governing risk management framework and risk function for a national broker dealer and future commission merchant. Including but not limited to identifying, analyzing, monitoring and mitigating firm’s internal and external risk exposure. The position insures company’s compliance with government regulations and ensures effective governance of enterprise, operational, information security, financial, and compliance related risks.

Responsibilities include but are not limited to:

  • Manage and improves the firm’s enterprise-wide COSO-compliant risk management framework
  • Work effectively with business units to identify, analyze, and mitigate internal and external risks to support sustainable growth
  • Execute successfully strategies, resolve issues, and provide support on all risk related matters
  • Develop robust, world class risk strategies that contribute to effective governance
  • Provide periodic reporting of risk management updates to Board of Directors and provide ad-hoc risk updates to regulators
  • Lead, manage and supervise a team of risk professionals responsible for the firm’s market, credit and liquidity risk management
  • Utilize extensive knowledge of FINRA rule 4210, portfolio margin and risk management for client accounts, proprietary and correspondent clearing accounts
  • Understand and evaluate complex financial derivatives and stress tests used internally and externally to manage client and firm exposures
  • Ability to communicate complex issues and manage key senior level relationships with clients, regulators, executive management and counterparties
  • Possess in-depth and technical knowledge of financial markets with the ability to make critical, timely decisions
  • Perform other duties as required and assigned by the firm’s senior management

Experience and Skills

  • Bachelors required
  • Advanced degree (JD, MBA, MA/MS) highly preferred
  • Series 24 required or to be obtained within 90 days of employment
  • 10+ years of securities industry risk management experience, with at least 5 years leading risk management teams
  • Extensive knowledge of financial services industry, specifically broker dealer and Futures Clearing Merchant
  • Expert in financial risk metrics with ability to quantify risk exposures
  • Strong background in statistics and mathematics
  • Extensive knowledge of operational, governance, information security, enterprise, market and credit risk
  • Organized, detail oriented, and ability to work independently
  • Strong verbal and written communication skills
  • Strong collaboration and team building skills

To apply for this job please visit wedbush.atsondemand.com.

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