Job Description Summary
Engage with Business Unit in its management of risks and controls as well as its execution of risk program requirements. Execute, facilitate and/or monitor execution of Risk Program requirements (e.g., RCSA, KRIs, etc.) within the assigned areas of a Business Unit. Provide risk advice to effectively management risk within the assigned areas of a Business Unit. Aggregate, integrate, correlate, and report risks for assigned areas of a Business Unit. Identify and opine on remediation to address weaknesses related to inadequate or failed processes, people, and systems, or external events and ensure effective remediation
Job Description
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
- Provide risk advice, through engagement with appropriate Subject Matter Experts (SMEs) and BURM peers, to assigned business areas within the Business Unit across all risk types to strengthen control environment (control design, implementation, evaluation, and reporting) and support adherence to applicable regulations, policies, and procedures. I
- Identify and remediate control gaps within assigned business areas.
- Identify, measure, monitor and escalate key and emerging risks; Report and communicate risk results and escalate material concerns to BURM Leadership.
- Monitor risk mitigation and risk acceptance decisions to ensure a balanced operating environment through formal issues management program and other applicable routines.
- Execute Enterprise and Risk Program requirements to effectively identify, measure, report, and mitigate risks; Utilize and refine analytical tools as appropriate to support assessments of risk.
- Report and communicate risk results and escalate material concerns to BURM Leadership.
- Execute control monitoring and testing activities to assess effectiveness of control environment.
- Manage, update, monitor and track controls, including those aligned to SOX and regulatory requirements.
- Support the execution of risk management initiatives at the direction of BURM Leadership.
- Other activities and special projects, as deemed required.
- Qualifications
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Bachelor’s degree in Accounting, Business, Finance or related field, or equivalent education and related training.
- Three to Six years of experience in a financial or other institution with emphasis on risk management or equivalent work experience and training.’
- Understanding of SOX and other industry-related regulatory requirements.
- Knowledge of operational and other non-financial risks.
- Ability and willingness to learn and adapt to change and competing priorities.
- Strong written and verbal skills.
- Uses judgment but close supervision is required for most tasks.
- Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.
- Ability to travel, occasionally overnight.
Preferred Qualifications:
- Master’s degree in Finance or Business, or equivalent education and related training.
- Six + years of banking or relevant experience.
- Audit experience.
- Strong knowledge in field of assigned business unit(s).
- FINRA Series 7, 24, 53, and 66 licenses (Series 9&10 can be used in lieu of 53, Series 63 & 65 can be used in lieu of Series 66).
