Overview:
***This is a remote position and can be located anywhere in the U.S.A.***
The Assistant Vice President (AVP) Enterprise Risk Management Analyst will be responsible for developing, implementing, and maintaining a comprehensive inventory of processes, risks, and controls within the financial institution. This role requires a strategic thinker with a deep understanding of regulatory requirements and risk management frameworks. The AVP will also ensure compliance with regulatory requirements and provide ongoing risk assessments and solutions to protect the institution's assets and reputation. This role is pivotal for ensuring the company’s long-term success and compliance with regulatory standards. The ideal candidate will possess a balance of strategic vision and hands-on experience in risk management.
Responsibilities:
Essential Functions
- Develops and maintains an inventory of processes, risks, and controls to support the organization's risk management framework.
- Facilitates business working sessions and help with the collection and organization of inventory documentation and data.
- Assists in assessing risks, associated controls, and their effectiveness, while adhering to policies and developing enterprise reporting and documentation.
- Ensures compliance with applicable laws, rules, and regulations.
- Ensures requirements of the Enterprise Risk Management Policy, Process Risk and Control (PRC) Business Standard, and Risk and Control Self-Assessment (RCSA) Business Standard are implemented.
- Provides second line effective debate and challenge of business inventories and risk assessments.
- Collaborates with cross-functional teams to drive consistent PRC documentation across the organization.
- Provides leadership and guidance on best practices for risk management and control processes.
- Prepares and presents reports on risk management activities and outcomes to senior management and stakeholders.
- Stays updated on industry trends, regulatory changes, and emerging risks to proactively adjust strategies and processes.
- Develops and maintains process maps to show end-to-end process flows of documented PRC processes.
- Identifies process deficiencies and escalates applicable issues to management.
- Assists in the transition of PRC documentation into the Governance Risk Compliance (GRC) system of record, from business requirements to user acceptance testing and implementation.
- All other duties as assigned.
Qualifications:
Education/Experience Requirements
- Bachelor's degree in Finance, Business Administration, Risk Management, or a related field.
- A minimum of 3 years’ experience in risk management, regulatory compliance, and process improvement within a financial institution.
- Strong knowledge of financial regulations and industry standards.
- Excellent analytical, problem-solving, and decision-making skills.
- Ability to communicate complex information clearly and effectively to various stakeholders.
- Proven leadership and organizational skills.
Preferred Requirements
- A Post Graduate Degree or Industry Qualification preferred.
- Moderate to strong working knowledge of the financial services industry, products, and services.
- Understanding of risk management concepts and principles including Enterprise Risk Management and Third-Party Risk
- Strong analytical, data, problem-solving and decision-making skills with high attention to detail and accuracy.
- Excellent verbal, written, and interpersonal communication skills.
- Excellent organizational skills with the ability to prioritize and organize work to meet deadlines.
- Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook, Visio, and other programming skills.
- Position will require occasional travel.
Background & EEO Statement:
Salary Range: $98,662 -$150,336 Annually
This job will be open and accepting applications for a minimum of five days from the date it was posted.
This information reflects the base salary pay range for this job based on current national market data. Ranges may vary based on the job's location. We offer competitive pay that varies based on individual experience, qualifications and other relevant factors. We encourage you to apply to positions that you are interested in and for which you believe you are qualified. To learn more, you are welcome to discuss with us as you move through the selection process.
Working at The Bancorp Bank, N.A. and Benefits Information: click here
Diversity & Background Screening:
Diversity & Inclusion at The Bancorp Bank: click here
The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.
Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.