Enterprise Risk Management Officer

Position Objectives:

The Enterprise Risk Management Officer will be responsible for implementing and maturing the Bank’s Risk and Control Self-Assessment (RCSA) Process. Assessment areas include but are not limited to new and modified products/initiatives, Embedded Banking Partners, key departments/ processes, and key programs. The incumbent will also develop and implement a risk-based Continuous Monitoring Program covering all bank activities, including but not limited to our Embedded Banking Partners' activities.

Job Function:

• Design, enhance, and execute the Bank’s RCSA program to ensure risks are identified, assessed, monitored, and appropriately mitigated.
• Maintain process library and risk/control taxonomy.
• Collaborate and coordinate with enterprise subject matter experts across the first and second lines to ensure risk assessments are completed on-time and credibly challenged, as well as ensure alignment with the Risk Appetite Statement and ERM Framework.
• Work closely with Embedded Banking team, Project Management and ERM team to ensure needed remediations are addressed prior to product/service or fintech launch.
• Provide objective conclusions memos that outline the residual risk and needed remediations needed to stay within the Bank’s risk appetite.
• Document and maintain a risk assessment playbook that will guide various stakeholders on the use-case for the various risk assessments.
• Facilitate and support the risk assessment program with training and workshops.
• Collaborate and support other areas of the enterprise risk management program as needed.
• Design and execute the risk-based Continuous Monitoring Program covering all Bank activities. The primary purpose of the Continuous Monitoring Program is to provide reasonable assurance that significant risks are being mitigated through effectively designed and operating controls to a level commensurate with the Bank’s risk appetite. Monitoring activities will include the review and effective challenge of first/second line processes, risk assessments, and key risk indicators and monitoring and testing key controls related to significant risks.

• Minimum of five years of financial service-related experience supporting the risk assessment process.
• Strong knowledge of nontraditional banking activities including fintech/embedded banking.
• Bachelor’s degree from an accredited university in Finance, Accounting or related Business Management field.
• Deep knowledge of RCSAs, ERM, and COSO’s three lines model.
• Solid analytical skills and computer skills (Microsoft Office including Visio)
• CERP, CRCM or other relevant certifications preferred.