IT Risk Manager

Overview

• This position is responsible for consulting with, educating and supporting the Business Units (BU) on the execution of the first line risk programs, promoting an environment of risk awareness and risk ownership across the Bank while adhering to the Company's Risk Appetite and Corporate Strategy. Participates in risk identification and the assessment processes and risk-related trainings. Ensures timely identification and escalation of risks and issues and consults with BU management surrounding key risk management issues to ensure the efficient and accurate execution of risk programs. This position serves as a subject matter expert and may provide guidance to other department associates as needed.

• Serve as the primary liason for Head of a Technology Business Function
• Risk Oversight - Serves as a subject matter expert providing guidance and process coaching to BU to ensure appropriate and effective collaboration between the BU and Risk Management departments. Generates, analyzes, and utilizes BU Risk Reports to identify potential risks that may impact the BU and provides any needed clarification. Continuously tracks and reports on key indicators and limits and ensures timely escalation of breaches as required by the Risk Appetite Framework (RAF). Assists in the review and enhancement of internal controls, ensuring control testing is in place and results are in line with the Control Standards.
• Risk Collaboration - Assesses impact and provides education around current and emerging issues and regulatory requirements with senior management and BU key stakeholders. Participates in mandatory risk training and educates BU personnel on key risk programs and topics.
• Risk Governance - Maintains and utilizes strong understanding of business operations, risks, controls and related laws and regulatory guidance. Supports the BU's participation in relevant risk governance group meetings. Monitors and ensures the incorporation of Risk Limits into core BU processes. Provides necessary feedback and coordinates on relevant governance documents to support BU activities and manage risk. Prepares for external audits and provides materials to regulators. Works with senior management to execute the implementation of effective program policies, standards, and procedures.

Bachelor's Degree and 6 years of experience in Enterprise Risk or Operational Risk, and Project Management or Internal/External Consulting OR High School Diploma or GED and 10 years of experience in Enterprise Risk or Operational Risk, and Project Management or Internal/External Consulting

Preferred Education: Advanced Degree

Skill(s): Knowledge of risk techniques, practices, and control frameworks , Knowledge of various banking and government regulatory requirements and processes, Ability to work effectively with associates, senior management, and various committees, Knowledge of regulatory guidance pertaining to enterprise risk and operational risk

• Serve as the primary liason for Head of a Technology Business Function
• Risk Oversight - Serves as a subject matter expert providing guidance and process coaching to BU to ensure appropriate and effective collaboration between the BU and Risk Management departments. Generates, analyzes, and utilizes BU Risk Reports to identify potential risks that may impact the BU and provides any needed clarification. Continuously tracks and reports on key indicators and limits and ensures timely escalation of breaches as required by the Risk Appetite Framework (RAF). Assists in the review and enhancement of internal controls, ensuring control testing is in place and results are in line with the Control Standards.
• Risk Collaboration - Assesses impact and provides education around current and emerging issues and regulatory requirements with senior management and BU key stakeholders. Participates in mandatory risk training and educates BU personnel on key risk programs and topics.
• Risk Governance - Maintains and utilizes strong understanding of business operations, risks, controls and related laws and regulatory guidance. Supports the BU's participation in relevant risk governance group meetings. Monitors and ensures the incorporation of Risk Limits into core BU processes. Provides necessary feedback and coordinates on relevant governance documents to support BU activities and manage risk. Prepares for external audits and provides materials to regulators. Works with senior management to execute the implementation of effective program policies, standards, and procedures.

Bachelor's Degree and 6 years of experience in Enterprise Risk or Operational Risk, and Project Management or Internal/External Consulting OR High School Diploma or GED and 10 years of experience in Enterprise Risk or Operational Risk, and Project Management or Internal/External Consulting

Preferred Education: Advanced Degree

Skill(s): Knowledge of risk techniques, practices, and control frameworks , Knowledge of various banking and government regulatory requirements and processes, Ability to work effectively with associates, senior management, and various committees, Knowledge of regulatory guidance pertaining to enterprise risk and operational risk