Director, Risk Management

Role Overview

• Build and manage assigned business line’s centralized LOD1 regulatory and audit management function, including strategic vision and implementation plans, acting as the assigned business liaison to Enterprise Risk Management, Operational Risk Management, and Compliance in support of the company’s 3LOD program.
• Work with Compliance and other Risk functions to understand and monitor applicable regulations and requirements, assess business impact and drive appropriate projects and processes to address needed changes.
• Partner with Enterprise Risk Management in the execution of Risk and Control Self Assessments.
• Partner with Business Continuity Management on business’ participation in BC/DR tests, and own and maintain required process and technical recovery plans.
• Oversee and monitor the business-lines’ third-party relationships, including both performance and risk management.
• Assist the business-line in the design and build of process maps in alignment with Early Warning’s Process Classification Framework.
• Own and maintain assigned business-lines’ process inventory and internal control environment inventory.
• Design, maintain, and report metrics (KPIs and KRIs) demonstrating control effectiveness.
• Identify and self-report issues through the ERM Self-Identified Issue Process; individually and together with other LOD1 business-line members
• Ensure risk remediation plans exist and are sufficient; track remediation plans to completion and ensure remediation is on-time and sustainable; ensure action plans and remediation of issues by risk owners.
• Support assigned business-line Risk Acceptance Forms (RAF) process, when applicable.
• Drive periodic executive level reporting regarding business risk management activities, working closely with assigned business-line leadership
• Develop, in alignment with ERM’s frameworks, a 1LOD risk management governance process across the business lines to support decision making and escalation regarding risks that may be not be consistent with the business’ risk tolerance
• Deliver education and awareness of risk ownership essentials.
• Continually monitor and update assessments of the control environment, keeping abreast of significant control issues, trends and developments.
• Perform internal control effectiveness test plans and procedures.
• May lead or mentor risk professionals.
• Ensure assigned business line regulatory and audit activities are conducted in accordance with ERM requirements.
• Support the company’s commitment to risk management and protecting the integrity and confidentiality of systems and data.

Requirements

• Bachelor’s degree in Business Administration, Finance, Accounting, Technology, Security or other related field of specialty.
• Typically, 12 or more years of progressive risk related experience in the financial services industry or experience within a three-lines of defense program.
• Demonstrated success leading regulatory, audit or risk functions in a 3LOD environment.
• Demonstrated ability to work effectively in a complex, highly regulated environment.
• Excellent problem solver with effective change management skills
• Working knowledge of regulatory requirements specific to the assigned business line, financial services or payments industry, where applicable.
• For technology specific roles, may required knowledge of technology related requirements.
• Excellent communication, organization and interpersonal skills, with demonstrated ability to collaborate and build trust in business partners, internal/external and regulatory agencies.
• Effective influence management skills.
• Background and drug screen.
• For CDO focus area: Knowledge and experience with model risk management and first line support for Chief Data Office.
• Demonstrated success developing and implementing effective risk solutions for data management.

Benefits

• Healthcare Coverage – Competitive medical (PPO/HDHP), dental, and vision plans as well as company contributions to your Health Savings Account (HSA) or pre-tax savings through flexible spending accounts (FSA) for commuting, health & dependent care expenses.
• 401(k) Retirement Plan – Featuring a 100% Company Safe Harbor Match on your first 6% deferral immediately upon eligibility.
• Paid Time Off – Flexible Time Off for Exempt (salaried) employees, as well as generous PTO for Non-Exempt (hourly) employees, plus 11 paid company holidays and a paid volunteer day.
• 12 weeks of Paid Parental Leave
• Maven Family Planning – provides support through your Parenting journey including egg freezing, fertility, adoption, surrogacy, pregnancy, postpartum, early pediatrics, and returning to work.