SVP-Risk/Digital Economy - New York

Experience Level: Experienced HireCategories: Engineering & TechnologyLocation(s): 7 World Trade Center, 250 Greenwich Street, New York, New York, 10007, US 1414 S Tryon Street, 7th Floor, The Railyard Floors 5-8, Charlotte, North Carolina, 28203, USAt Moody's, we unite the brightest minds to turn today's risks into tomorrow's opportunities. We do this by striving to create an inclusive environment where everyone feels welcome to be who they are-with the freedom to exchange ideas, think innovatively, and listen to each other and customers in meaningful ways.If you are excited about this opportunity but do not meet every single requirement, please apply You still may be a great fit for this role or other open roles. We are seeking candidates who model our values: invest in every relationship, lead with curiosity, champion diverse perspectives, turn inputs into actions, and uphold trust through integrity.(This role is open to various locations)Moody's Ratings (MR) is a renowned organization, one well recognized for its unparalleled thought leadership and global financial credit ratings expertise, which it has provided for over 100 years. Our views and ratings inform and drive better decision making within financial markets. Our analysts play a crucial role in identifying key risks and strengths in their industry and credit portfolios, using rigorous standards to understand fundamental credit dynamics. Investors and other key stakeholders leverage this input to help drive better investment and credit decisions. Our continually expanding initiatives include a deeper focus on Digital Finance, which reinforces our position as a leading provider of credit ratings, research and risk analysis. MR continues to earn numerous industry awards from capital market investors, a recognition of the top-quality analysis and expertise Moody's contributes to transparent and integrated global financial markets.The Digital Economy Group is a highly visible department dedicated to achieving strategic preparedness objectives in areas such as Blockchain, Digital Finance, AI (including AI-powered predictive analytics), and the intersection of cyber risk with financial risks. Operating as a matrix organization, it serves a dual purpose. Firstly, it acts as a center of excellence, with subject matter experts in various Digital Economy domains. Secondly, it serves as a coordinator, harmonizing efforts across all business lines by integrating their established processes and outputs. This dual role enables the group to leverage expertise and resources efficiently, fostering innovation and ensuring alignment with the organization's strategic goals in the rapidly evolving digital economy landscape.The Digital Economy group is hiring a Senior Vice President-Risk/Digital Economy (SVP-Risk) who will be responsible for operationalizing MR's Risk Framework for all areas of Digital Economy. This is a high-profile opportunity for someone with dual expertise in risk management and Digital Finance and/or AI, who is passionate about leveraging their technical acumen, while engaging with traditional and new stakeholders, internally and externally. The SVP-Risk will join MR's Digital Economy Leadership Team, comprised of senior leaders of all departments, driving strategic alignment and operational excellence around AI, Digital Finance, and Cyber Credit Risk.The SVP-Risk is a First Line of Defense role, reporting to the Managing Director - Global Head of Digital Economy & Chair of the AI Oversight Working Group, with a dotted line to the Chief Risk Officer (CRO), who both report to the President of MR. The SVP-Risk will ensure that risks related to AI, Blockchain, Quantum, and other digital technologies are clearly understood by the Digital Economy group and all its partners across the rating agency, transparently reported through governance, and managed within the defined risk appetite and risk management framework.The SVP-Risk will have a meaningful role in driving key objectives to meet MR's strategic goals for Risk Management. As a transformation leader, they will develop, standardize and operationalize MR's First Line Risk Management strategy, and program for all Digital Economy-related initiatives.Key Responsibilities: Lead the First Line Risk Management strategy for AI, Blockchain and Digital Finance readiness, Cyber Credit Risk, and other digital technology fields for MR globally, in collaboration with all departments, including analytical and technology teams across the organization Work closely with the second line risk management team to implement, maintain, and monitor the MR Risk Management framework and program, policies and standards within the Digital Economy Group to identify, assess, mitigate, monitor and report on risks and controls Promote a sound control environment and the Risk Operating Model such that the group operates within the defined risk appetite, and champion a strong risk culture Ensure compliance with regulatory requirements across different jurisdictions. Provide expert advice as it pertains to risks associated with emerging technologies through various risk lenses (Enterprise Risks including, Regulatory and Compliance, Info Sec/Cyber, Data, and resilience) Develop Risk and Control Self Assessments (RCSAs) in line with MR' Standards. Manage RCSA schedule with Second Line Risk Officers to drive timely completion and dynamic refreshes. Ensure appropriate stakeholders are involved, from inception to approval. Identify and evaluate risk themes and trends across MR's Digital Economy preparedness efforts. Where integrated within other MR line of business processes, support the RCSA to help business units identify Digital Finance and AI risks and controls, and reporting to senior management. Consolidate, evaluate and document Digital Economy (including AI) risk assessments regularly. Lead implementation of issue management, including escalation of past due issues per MR's risk standards, driving timely remediation plans and execution. Participate in root-cause analysis and lessons learned sessions to reduce recurrence of control breakdown in the future Periodically test that the controls are well designed and operating effectively Support production of regular risk reports to drive risk informed decision making. Establish a process to maintain high quality of risk data. Collaborate with relevant MR groups to develop appropriate Key Result Indicators, establish tolerances. Design remedial actions where tolerance levels have been breached. Provide risk reports to the Digital Economy Leadership Team to help them proactively manage the risks, including monitoring of emerging and evolving risks Cultivate and maintain relationships across all departments, including analytical groups, technology, risk management, compliance, audit and various other key departments to influence successful implementation and execution of strategic risk programs In partnership with the Risk Management Group, develop and conduct Risk training related to digital technologies and their impact on our business, credit markets, and the broader global economy Support the Global Head of Digital Economy and the CRO in interactions with regulatory authorities in relation to risk management matters and present as needed to MR governing bodiesQualifications Bachelor's degree in risk management or digital technology fields required, master's degree preferred 15+ years of digital technology experience in large, enterprise-level environments: AI, Blockchain/DLT, cyber risk, or quantum computing 10+ years of experience building and implementing enterprise risk management processes and frameworks for technology environments; preferably with a financial institution Experience leading technology risk management strategy and transformation within an organization Deep understanding of operational risk frameworks and best practices with prior experience rolling out similar programs Ability to build relationships, influence and negotiate at all levels of an organization Excellent communication (verbal, written) and presentation skills Ability to collaborate closely with others as well as independently to produce accurate, detailed work in a dynamic, fast-paced environmentFor US-based roles only: the anticipated hiring base salary range for this position is [[$231,400 - [[$335,500, depending on factors such as experience, education, level, skills, and location. This range is based on a full-time position. In addition to base salary, this role is eligible for incentive compensation. Moody's also offers a competitive benefits package, including not but limited to medical, dental, vision, parental leave, paid time off, a 401(k) plan with employee and company contribution opportunities, life, disability, and accident insurance, a discounted employee stock purchase plan, and tuition reimbursement.Moody's is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, sex, gender, age, religion, national origin, citizen status, marital status, physical or mental disability, military or veteran status, sexual orientation, gender identity, gender expression, genetic information, or any other characteristic protected by law. Moody's also provides reasonable accommodation to qualified individuals with disabilities or based on a sincerely held religious belief in accordance with applicable laws. If you need to inquire about a reasonable accommodation, or need assistance with completing the application process, please email . This contact information is for accommodation requests only, and cannot be used to inquire about the status of applications.For San Francisco positions, qualified applicants with criminal histories will be considered for employment consistent with the requirements of the San Francisco Fair Chance Ordinance.This position may be considered a promotional opportunity, pursuant to the Colorado Equal Pay for Equal Work Act.Click here to view our full EEO policy statement. Click here for more information on your EEO rights under the law. Click here to view our Pay Transparency Nondiscrimination statement. Click here to view our Notice to New York City Applicants.Candidates for Moody's Corporation may be asked to disclose securities holdings pursuant to Moody's Policy for Securities Trading and the requirements of the position. Employment is contingent upon compliance with the Policy, including remediation of positions in those holdings as necessary.Moody's Corporation is a Government contractor subject to the Vietnam Era Veterans' Readjustment Assistance Act of 1974, as amended by the Jobs for Veterans Act of 2002, 38 U.S.C. 4212 (VEVRAA), which requires Government contractors to take affirmative action to employ and advance in employment: (1) disabled veterans; (2) recently separated veterans; (3) active duty wartime or campaign badge veterans; and (4) Armed Forces service medal veterans.VEVRAA Federal ContractorWe Request Priority Protected Veteran and Disabled Referrals for all of our locationsPlease contact Donna Hutchinson, Assistant Vice President, Talent Attraction for any questions regarding this listing. Minimum Salary: 30 Maximum Salary: 40 Salary Unit: Other

Created: 2024-10-19