Western Union Senior Manager Strategic Risk Management in Vienna, Austria
Job Title: Senior Manager Strategic Risk Management
Requisition #: 1901821
Does implementing an Enterprise-wide strategic risk framework sound like the kind of challenge you would like to take on?
How about working for a global fintech company?
Do you want to work for a truly international, and ever-evolving organization?
We’re seeking a Head of Strategic Risk Management, based in our Vienna, Austria office .In this role, you will be responsible for managing the development, co-ordination and implementation of the enterprise-wide strategic risk framework that supports the Western Union bank’s sustainability.
That framework includes the development and implementation of the elements for timely identification, quantification and proactive management of all material risks in line with WUIB Risk Strategy and Risk Appetite.
Sound interesting? Here are some specifics:
Directs overall strategic risk management function for the WU International Bank aimed to set up state of the art comprehensive risk management framework system, complementing with best practices.
Manages definition of banks risk appetite and overall risk strategy framework, following banks business model, to support sustainable development on the long term.
In charge of the risk development and steering under ICAAP (economic) view, ensuring that banks operations are sufficiently covered with available risk capital. That includes: co-ordination of the risk materiality assessment for the bank, set up of appropriate methodology for quantification, recognition and management of capital requirements for the identified risks, definition of internal policies and regulation under economic view, execution of the overall stress test, capital allocation to specific risks and definition of limits , ongoing steering and definition of the forward looking managerial view to ensure risk awareness on all levels throughout company.
Defines efficient risk governance model, including key strategic policies and framework to manage each material risk relevant to the bank
Responsible for liquidity risk management , stress testing and reporting
Responsible for the quantitative models used for risk quantification and modelling
Responsible for the RWA methodology and calculation under Pillar 1
Responsible for risk data intelligence system
Drives annual review of WUIB Recovery Plan , co-ordinate multiple stakeholders from various functions and is accountable for the final product
Co-ordinate all regulatory interaction and communication from risk area
Responsible for independent risk assessment for products , including definition of risk costs to actively drive profitability of WU
Team management including definition of development plans, supports training for employees, coaches colleagues, prepares staff performance reviews, recommends and approves salary actions, hiring, terminations and promotions.
What you will need to succeed:
Deep experience in Risk Management at senior level (head of dept, or director), gained in a banking or financial services environment
Excellent knowledge of relevant general regulation banking requirements (CRR/CRD, MiFID, PSD, etc.) as well as specific regulations in EEA
Fluency in English (oral and in writing)
Comprehensive knowledge and experience in the area of payment/banking services and processes
Strong financial modelling expertise
What will make you stand out:
A university degree in Finance or Business (or equivalent) or significant industry experience.
Any specific expert qualification useful for the role is advantage, but not a condition
Experience of a matrix organization in an international environment
Knowledge of German is desirable but not required
What’s in it for you?
Competitive global pay and benefits
Unparalleled experience as part of one of the most advanced compliance teams in the world, with opportunities to build valuable skills and grow your career
Diverse, global team with colleagues in over 50 countries
What it’s like here:
Western Union (WU) is a company on the move! We believe that when money moves, better things can happen. From small businesses and global corporations, to families near and far, or NGO’s in the most remote communities on Earth, WU helps people and business move money globally. We have a rich legacy of innovation, and we are continuing to develop new and more convenient ways for our customers to send and receive money through digital, mobile and retail channels. We have a combined digital and retail network that spans over 200 countries and territories. Some companies specialize in cash-based retail money transfer and others play only in digital. We are leaders in both!
Being on the Western Union team means being tenacious and goal-oriented. It means taking risks and quickly finding the path to success. It means having integrity, and finding ways to make things work. It means thriving as part of a diverse, global team of over 10,000 people who are committed to moving money for better . It means being driven to win, and to do work that makes a difference… on a global stage.
Sound like you? Apply now!
Inclusion and diversity are fundamental to our culture and success. Achieving our common vision depends on people with diverse backgrounds working together. Who knows; your unique point of view could be the key to our next groundbreaking idea. We’d love to explore that possibility!
We are committed to equal employment opportunity regardless of race, color, religion, sex (including pregnancy or related medical conditions), national origin, sexual orientation, gender identity, age, disability, marital status or another protected category.
We are under legal obligation to indicate the minimum salary, which is 68,640 EUR gross per year for this position. However, our attractive compensation packages follow current market salaries and can therefore be significantly above the indicated minimum salary.