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Remote Bank Risk Management Jobs in Washington (NOW HIRING)

Launched by Management Consultants, our multidisciplinary teams bring together the talents of ... No Overtime Pay Basis Remote (within USA - W/ On-Site Meetings Expected) in The CONUS - Located In ...

This role is remote. The Risk, Quality, and Performance Analyst serves as the Risk, Quality, and ... and risk management activities to ensure compliance with contract requirements and federal ...

Program Manager

Sterling, VA · Remote

$50 - $55/hr

Remote (Standard business hours) Employment Type: Contract (6+ months) Role Overview Seeking a ... Evaluate processes from a risk management perspective, including impacts on General Ledger ...

Remote (Standard business hours) Employment Type: Contract (6+ months) Role Overview Seeking a ... Evaluate processes from a risk management perspective, including impacts on General Ledger ...

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Remote Bank Risk Management information

What is Remote Bank Risk Management?

Remote Bank Risk Management refers to the process of identifying, assessing, and mitigating financial and operational risks for banks while working remotely. Professionals in this field analyze potential risks such as credit, market, operational, and compliance risks using digital tools and online communication. They implement risk management strategies, monitor transactions, and ensure regulatory compliance without being physically present at the bank’s location. This role is increasingly important as banks adopt more flexible and remote work arrangements.

What is the difference between Remote Bank Risk Management vs Remote Credit Analyst?

AspectRemote Bank Risk ManagementRemote Credit Analyst
Required CredentialsBanking certifications, risk management degreesFinance, economics degrees, credit analysis certifications
Work EnvironmentBanking institutions, financial firmsFinancial services, lending companies
Employer & Industry UsageUsed in risk departments of banksUsed in lending and credit departments
Search & Comparison IntentUnderstanding risk roles in bankingAssessing credit risk and loan decisions

Remote Bank Risk Management focuses on identifying and mitigating risks within banking operations, requiring risk management expertise. Remote Credit Analysts evaluate creditworthiness of borrowers, focusing on loan approvals. While both roles involve financial analysis, Risk Management emphasizes risk mitigation strategies, whereas Credit Analysts concentrate on credit assessment. Both roles are essential in banking but serve different functions within the financial industry.

What are some common challenges faced by professionals in remote bank risk management, and how can they be addressed?

Professionals in remote bank risk management often encounter challenges such as limited direct access to internal teams, rapidly evolving regulatory requirements, and the need to stay updated on emerging financial risks. Effective communication through virtual collaboration tools, regular training on compliance updates, and leveraging advanced risk assessment software can help address these obstacles. Building strong relationships with cross-functional teams and maintaining clear documentation are also key to ensuring risk oversight remains robust, even in a remote setting.

What are the key skills and qualifications needed to thrive as a Remote Bank Risk Management professional, and why are they important?

To thrive in Remote Bank Risk Management, you need strong analytical skills, a background in finance or economics, and typically a relevant degree such as a bachelor's in finance, accounting, or risk management. Familiarity with risk assessment software, regulatory compliance systems, and certifications like FRM (Financial Risk Manager) or CFA are often required. Exceptional communication, critical thinking, and attention to detail are essential soft skills for identifying risks and collaborating with remote teams. These competencies ensure accurate risk evaluation and effective mitigation, which are crucial for maintaining financial stability and regulatory compliance in a remote setting.
What are the most commonly searched types of Bank Risk Management jobs in Washington? The most popular types of Bank Risk Management jobs in Washington are:
What are popular job titles related to Remote Bank Risk Management jobs in Washington? For Remote Bank Risk Management jobs in Washington, the most frequently searched job titles are:
What job categories do people searching Remote Bank Risk Management jobs in Washington look for? The top searched job categories for Remote Bank Risk Management jobs in Washington are:
What cities in Washington are hiring for Remote Bank Risk Management jobs? Cities in Washington with the most Remote Bank Risk Management job openings:
Risk Analyst

$180K - $272K/yr

Full-time

Posted 8 days ago


Job description

Summary
This position is located in the Risk Surveillance Branch of the Division of Clearing and Risk (DCR). The Risk Surveillance Branch (RSB) is responsible for quantitative risk surveillance of the clearing eco-system - derivatives instruments, both cleared and uncleared, markets intermediaries and their clients, and clearinghouses. The program has three core functions: margin model oversight, daily risk surveillance, and supervisory stress tests.
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Duties
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As a Risk Analyst (Margin Models) in the Risk Surveillance Branch, you will:
  • Draft documents describing margin methodologies used, or proposed, by registered central counterparty clearinghouses (CCPs) in both high-level overviews as well as more detailed narratives;
  • Evaluate margin models used for a diverse set of derivatives products, including models for futures, options on futures, and over-the-counter (OTC) derivatives such as credit default and interest rate swaps;
  • Develop and build prototypes of margin models, or components of margin models, to determine if they appropriately reflect underlying product risk. In addition to these prototypes, analysts would perform statistical analysis such as stochastic process modeling, multi-variate distributions, value-at-risk, expected shortfall, etc., to evaluate the effectiveness of margin models;
  • Use financial and statistical software programs such as MATLAB, R, Python and/or SAS to value and stress test futures and OTC derivatives (e.g. rate and credit swaps) at both an instrument and portfolio level;
  • Conduct risk surveillance activities to evaluate market and other position-related risk at CCPs and clearing members (CMs), perform stress test and back-testing analyses, and identify market participants that pose unusual levels of risk;
  • Develop historical knowledge of the types of risks facing CCPs, their members, and their clients, and how these have changed through time. This work is applicable throughout the Commission's programs of oversight over CCPs, self-regulatory organizations (SROs) and CMs;
  • Lead presentations for DCR senior staff and staff of other Commission offices/divisions regarding margin model issues or innovations. Incumbent is able to answer questions from DCR and other Commission staff and from the public concerning the theoretical and practical aspects of CCP margin models;
  • Plan, coordinate, and participate in the regular evaluation of risk management systems and functions of entities such as CCPs and CMs, as well as in non-routine reviews involving complex or unusual issues arising from the financial information and analyses of such entities. Prepare reports of review findings.

Requirements
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Conditions of employment
  • U.S. Citizenship
  • Background/Security Investigation
  • Selective Service Registration is required for males born after 12/31/1959
  • May be required to serve a one-year probationary period

Qualifications
CT-14 Level: To qualify for the CT-14 level you must have at least one year of specialized experience equivalent to the next lower grade (GS/CT-13 level). Specialized experience is defined that through which one has gained experience:
  • Applying advanced statistical concepts within the risk management framework including tasks such as stochastic process modeling, multi-variate distributions, value at risk, expected shortfall, extreme value theory, GARCH, and EWMA;
  • Applying knowledge of derivatives market structure, trading activities and asset pricing and modeling techniques to evaluate market risk and liquidity risk of different products and portfolios;
  • Utilizing statistical software tools (SAS, MATLAB, Python, R, etc.) to perform tasks such as valuing financial instruments (e.g. futures, options, and OTC derivatives) quantiy the risk, mining large databases, analyzing data, and creating data visualizations.

Desirable Experience includes experience gained at a clearing house, bank, member of a clearing house, trading firm, or a regulatory agency with oversight authority over aspects of the financial markets. This experience may have been gained in either the public or private sector.
Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community; student; social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience.
Education
Education is not required, nor may it be substituted for specialized experience.
Additional information
This is a Bargaining Unit Position located in the National Treasury Employee Union (NTEU) Chapter 337.
Relocation: Relocation expenses will not be paid.
Probationary Period: As a condition of employment for accepting this position, you may be required to serve a 1-year probationary period during which we will evaluate your fitness and whether your continued employment advances the public interest. In determining if your employment advances the public interest, we may consider:
  • Your performance and conduct;
  • The needs and interests of the agency;
  • Whether your continued employment would advance organizational goals of the agency or the Government; and
  • Whether your continued employment would advance the efficiency of the Federal service. Upon completion of your probationary/trial period your employment will be terminated unless you receive certification, in writing, that your continued employment advances the public interest.

More than the number of positions listed may be filled through this vacancy announcement.
The overall salary range is provided for informational purposes as it represents the full range that is applicable to current employees in this occupation/grade. A new hire's direct and overall experience are critical factors in determining a salary offer, therefore, it is important that your resume fully reflects all of your work experience. Note that the upper end of each range is typically applicable only to candidates with significant years of work experience and qualifications Please review the CFTC Compensation Program website for additional information.
The law prohibits public officials from appointing, promoting, or recommending their relatives. The law prohibits requesting, making, transmitting, accepting, or considering political recommendations for employment or other personnel actions for non-political positions. This includes recommendations from Members of Congress, Congressional employees, elected state or local officials, and political party officials and any recommendation based on party affiliation.
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Candidates should be committed to improving the efficiency of the Federal government, passionate about the ideals of our American republic, and committed to upholding the rule of law and the United States Constitution.
Benefits
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A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.
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Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.