Director, Head of Enterprise Collateral Risk (2LOD)

About the role

We’re seeking a future team member for the role of Director, Head of Enterprise Collateral Risk (2LOD) to join our Credit Risk team. This role is located in New York City, New York or Pittsburgh, PA.

Responsibilities

• Provide expert second-line oversight of enterprise-wide financial collateral risk across a diverse set of financing products, ensuring activity remains within established risk appetite.
• Act as a consultative partner and effective challenger to the first line of defense (1LOD), reviewing collateral and margin requests, advising on transaction structuring, and recommending adjustments that align with risk appetite and revenue objectives.
• Partner with 1LOD, Credit Risk, and Risk Analytics teams to strengthen collateral standards, including robust stress-testing methodologies.
• Lead the quarterly Collateral and Margin Review Committee, driving portfolio reviews, risk reporting, and data-backed action plans that balance growth with appropriate safeguards.
• Drive enhancement of analytics used to assess collateral risk and related margin exposure.
• Prepare and deliver periodic written and verbal updates to regulators on portfolio performance, emerging risks, and policy developments.
• Ensure financial collateral risk policies, procedures, and guidelines remain current, reflecting evolving business needs, regulatory expectations, and the integration of intelligent automation tools.
• Participate in quarterly enterprise-wide portfolio review forums, highlighting trends, concentrations, and risk mitigation strategies through dashboards and management reporting.

Requirements

• 10–15 years of experience in credit and/or market risk management.
• Proven track record in assessing the risk of global financial instruments.
• Demonstrated experience leading digital, data, or AI/ML transformation initiatives within a risk management environment.
• Bachelor’s degree in Finance, Economics, Accounting, or a related field required; MBA or CFA preferred.
• Exceptional analytical and financial modeling skills, with strong attention to detail and proficiency in data visualization tools such as Tableau or Power BI.
• Strong commercial acumen, with the ability to translate risk insights into client-focused financing solutions.
• Proven leadership capability with a strong “Thrive Together” mindset.
• Excellent communication and stakeholder management skills, including experience presenting to senior executives and regulators.
• Sound judgment and decisive decision-making, with the ability to clearly articulate risk/return trade-offs.
• Deep knowledge of credit risk frameworks, policies, scorecards, and regulatory expectations, including Basel, CRD, and local regulatory requirements.
• Digital fluency, including familiarity with machine learning concepts, API integrations, and intelligent workflow tools.

Qualifications

• Experience in a similar role or equivalent experience in a relevant field.
• Knowledge of regulatory requirements and best practices in credit and market risk management.
• Ability to work independently and as part of a team.
• Strong problem-solving and analytical skills.
• Effective communication and interpersonal skills.

Skills

• Data analysis and modeling skills.
• Collaboration and partnership skills.
• Stress testing and scenario analysis.
• Regulatory compliance and risk management.
• Financial modeling and forecasting.
• Project management and strategic planning.

Benefits

Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, the employee will be in an “at will” position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

Pay

The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting. Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience.

Schedule

Full-time position.