Director, Risk & Controls Testing & Assessment

Role Overview

• Responsible for ensuring proper design and operating effectiveness of more than 300 controls for Operations to be tested on a varying basis in accordance with policy
• Manage a team of ~15 employees including both on and off shore resources, managing a budget effectively
• Support Operations Executive and Senior leader Martin Palmeri
• Must speak clearly and concisely at various committee meetings such as Operations Risk and Controls Forum (Palmeri), Operations Governance Committee (Palmeri), Operational Risk Committee (Wallace)
• Routinely face off to L3 leaders across the bank, being able to challenge where appropriate
• Facilitate interactions between required key stakeholders to drive completion or resolution of identified issues related to control testing
• Direct the maintenance and development of internal documentation related to control testing governance
• Partner with stakeholders, including process owners and control officers, to document controls, enhance control language and develop/maintain test scripts that validate controls are being performed in compliance with bank policies, procedures, and regulatory requirements to mitigate risk to the firm
• Direct the execution and documentation of testing for in-scope processes across business units
• Oversee testing of controls based on internal and industry standards and guidelines for design and effectiveness
• Provide ongoing communication to internal stakeholders throughout the control testing process to keep them apprised of progress and findings, escalating when appropriate
• Lead iterative review and challenge of control testing results, working with appropriate stakeholders across the lines of defense to build consensus
• Collaborate with process owners, control officers, and Business Unit Risk Managers (BURMs) to develop logic for automated control tests, identifying relevant data sources and measurement criteria for respective controls
• Liaise with the Lines of Defense (LoDs) to build consensus on effectiveness thresholds for automated testing
• Establish protocols to enable continuous control monitoring, leveraging automated control testing parameters
• Liaise with risk assessment team and other stakeholders to ensure control testing is in alignment with broader risk assessment activities
• Create synergies by identifying opportunities to repurpose control testing results to satisfy assessment requirements across the bank
• Work collaboratively with risk and control team to execute against risk governance procedures
• Develop reporting to management on risk assessment status and results, along with business and risk appetite
• Establish management routines and procedures to ensure effective organization-wide risk assessment awareness, ownership, and execution
• Demonstrated ability to attract, recruit, motivate, develop, and retain key talent; creating a unified team dedicated to risk management effective at carrying out the required functions

Requirements

• 10+ years of risk and control experience, including managing teams, preferably in a financial institution or other highly regulated environment
• Experience implementing, executing, building or enhancing risk and control frameworks
• Experience interacting with regulators on examinations and issues remediation
• Experience interacting with second line of defense (SLoD) and third line of defense (TLoD) teams on issues life cycle, examinations, and emerging trend identification
• Experience presenting balanced risk perspectives and interacting with senior risk and control governance committees
• Experience managing resources (people, tools and/or budget) effectively to execute the required functions
• Knowledge of the transaction cycle of several financial service products
• Six Sigma or other process improvement framework experience a plus

Benefits

• comprehensive health and wellness benefits
• retirement plans
• educational assistance and training programs
• income replacement for qualified employees with disabilities
• paid maternity and parental bonding leave
• paid vacation
• sick days
• holidays