Director, Business Control and Risk Management

Director, Business Control and Risk Management

Country: United States of America

The Director Business Controls Risk Management monitors activities to minimize the company's exposure to risk. Activities may include quantitative analysis, risk identification and remediation. Represents or supports the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards. Responsible for ensuring that all of the company's activities adhere to the necessary rules and regulations, and that the company complies with legal/regulatory statutes and jurisdictions.

Ensures transparency of business results, finance and processes. Typically organizes a reporting system and tracks goals accomplishment, collect and process data and provides managers with all necessary company management data and information.

Essential Functions:

• Drive Risk Culture: Ensure awareness in the Business Line of risk frameworks, policies and standards.
• Communication & Training: Act as central point of contact for receipt and distribution of risk related information between SLoD risk teams and Business Lines.  Maintain two-way communications with SLoD. Facilitate training for Business Lines to provide awareness of risk frameworks, policies, programs, processes, etc.
• Adherence to Risk Frameworks, Policies, and Standards: Partner with SLoD to provide input/review of frameworks, policies and standards. Facilitate Business Line awareness of and adherence to risk frameworks, policies, and standards through internal control testing and issue validation.  Report and escalate exceptions and facilitate Business Line corrective actions.
• Continuous Monitoring: Continuously monitors all sources of risk existing within the Business Line and externally.  Engage in research, peer networking, and experience to anticipate critical risk issues impacting the Business Line.  Understand where credit, market/liquidity, operational, strategic, reputational, compliance, and model risks exist in the Business Line and continually assess and improve controls to mitigate those risks.  Monitor Key Risk Indicators and report on negative/adverse trends in Business Line. Monitor risk profile to maintain tolerance within Risk Appetite.
• Issue Identification, Management, and Risk Assessment: Conduct RCSA responsibilities including Process Mapping, Risk & Control Matrices, Inherent Risk Assessments, Internal Control testing and Heracles data/input.  Engage and hold Business Line process owners accountable to identify and assess risks.  Support Business Lines in risk identification (e.g. NPBA, change management, etc.)  Ensure all issues (Self-Identified, IA, Credit Risk Review or Regulatory) pertaining to the Business Line are resolved within established timelines.  Validate issues to ensure Business Line remediation is sufficient to address root cause and prevent recurrence. 
• Internal Control Testing: Implement and maintain internal control testing and control effectiveness monitoring in the Business Line. Validate the adequacy of controls, escalate deficiencies as appropriate.  Identify root causes of control deficiencies/weaknesses and take appropriate action to ensure Business Lines remediate and prevent recurrence.
• Exam Management: Liaison with the Business Line for all exam related activities including regulatory, Internal Audit and Credit Risk Review.  Review materials, responses and validate Business Line remediation work (e.g. artifacts, action plans, etc.)

                

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. 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.

Education:

• Bachelor's Degree or equivalent work experience: Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field. Req
• Master's Degree Accounting, Business, Statistics, Risk Management, Information Systems, Finance, Economics or equivalent field. Pref

Work Experience:

• 12+ Years Risk Management, Operations, or Controls.  Req
• 7+ Years Req
• 7+ Years Experience managing product or service delivery to Financial Services customers.  Pref
• 7+ Years Change & Process Management Consulting.  Pref                 

Skills and Abilities:

• Demonstrated experience delivering risk execution across multiple business lines offering a wide variety of financial services products and services.
• Deep knowledge of the financial services sector, particularly with the competitive dynamics and