Job Description

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Job Description

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 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.

Our Jersey City office is seeking an Assistant Vice President Enterprise Risk Officer to join our Operational Risk Management group. This Assistant Vice President will develop and implement a comprehensive risk framework across all business areas, engaging stakeholders firm-wide with potential exposure to C-level leadership. The individual will demonstrate a strategic, entrepreneurial mindset with a keen ability to align initiatives and assessments with broader business goals.

Responsibilities will include, but are not limited to:

• Exhibit deep expertise in both financial and non-financial risk disciplines, complemented by exceptional interpersonal abilities and outstanding written and verbal communication skills
• Assist with enterprise-wide risk management frameworks, enterprise risk programs, highlight opportunities for process improvement, provide feedback on policy updates associated with regulatory items requiring remediation
• Identify and address gaps between different areas within the organization
• Engage proactively with first line of defense in managing risk incidents and aid in driving the resolution effort
• Collaborate with first-line business areas in creating Key Performance Controls (KPCs) that are directly aligned to key risks noted in the Risk and Control Self-Assessment (RCSA)
• Lead and maintain reports from Management Risk Committees
• Drive individual book of business and deliver against firmwide and cross-risk initiatives
• Perform other tasks and duties as required and assigned

Experience and Skills

• Bachelor's Degree from accredited university required, preferably in Business, Finance, Accounting or other related field
• 7+ years of experience in Risk & Credit preferred
• Minimum 5 years of experience in a financial institution covering ERM components, including end-to-end RCSA, KRI/KPIs, and Risk Management Committee Reporting
• Strong MS Office skills (Excel, Access, Word, PowerPoint) with the ability to streamline data, design, and standardize risk reporting
• Series 7 License preferred
• Financial services, enterprise risk management, or finance background preferred
• Ability to proactively manage all aspects of incident reporting as well as drive the resolution effort
• Experience establishing framework in accordance with industry best practices
• Possess an assessment, process, and control-oriented mindset
• Experience with GRC tools, developing data-driven analysis, qualitative assessments, and analytical visualizations
• Experience analyzing firmwide issues for macro themes, patterns, clustering, and emerging risks

What We Offer

As part of our overall compensation package, Wedbush Securities offers an array of diverse benefits to all our colleagues. We believe that providing competitive benefit options yields the advantageous reward of establishing a healthy and inclusive foundational work culture.

• Comprehensive medical, dental, and vision coverage with multiple health plan options for you and your family
• Health Savings Account with company-sponsored contributions
• Flexible Spending Accounts (FSA) traditional and dependent care
• Pre-Tax Commuter Benefits
• 401(k) plan with discretionary, competitive company matching and profit-sharing contributions
• Tuition reimbursement up to $5,250/year
• 3 weeks of Paid Time Off
• 2 weeks of Paid Sick Time (may vary by location)
• 10 Paid Holidays
• Charitable Donation Matching Contributions
• Paid Leave (Parental Bonding, Military, Jury Duty, Volunteer Time Off, Disability, etc.)
• FINRA License Sponsorship
• Travel & Employee Assistance and Employee Discount Programs

The reasonable estimate of the compensation range for this role has not been adjusted for the applicable geographic location. A reasonable estimate of the current range is $110,00 to $140,000. Colleagues may be eligible for additional, discretionary incentive compensation based on the colleague's and the firm's performance. Decisions regarding compensation are determined on a case-by-case basis and are dependent on a variety of factors including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs.

Wedbush Securities (WS) is proud to be an Equal Employment Opportunity employer. WS does not discriminate based on race, religion, color, creed, sex, sexual orientation, gender, gender identity or expression, national origin, ancestry, citizenship status, registered domestic partner status, uniform service member status, marital status, pregnancy, age, medical condition, disability, genetic information, family care or medical leave status, or any other consideration made unlawful by applicable federal, state, or local laws, or on the basis that an applicant or Colleague is perceived to have these characteristics or is associated with someone who is perceived to have these characteristics. WS aims to foster a culture of inclusion where all Colleagues are valued for their unique contributions to the firm as well as provided equal opportunities to succeed.

Wedbush uses E-Verify, an Internet-based system, to confirm the eligibility of all newly hired employees to work in the United States. Learn more about E-Verify, including your rights and responsibilities here https://www.e-verify.gov/employees/e-verify-overview

This position is subject to various laws or regulations that impose restrictions or prohibitions for employment with Wedbush due to criminal history. Those laws or regulations include but are not limited to, the following: Securities Exchange Act of 1934 (SEA) Rule 17a-3, et. seq,, Financial Industry Regulatory Authority (FINRA) Rules 3110(e), Rule 4530(a), etc., and FINRA Regulatory Notice 07-55.

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