Enterprise Risk Senior Manager - Risk Appetite, Governance, & Policy

Overview:

This position is responsible for the management and oversight of the delivery of second line Enterprise Risk Management services in line with area policies, industry standards, and management expectations.  The position is responsible for advising  line management, senior leadership and executive leadership as it relates to risk of the businesses or functions supported, and is expected to coordinate information sharing with other risk partners. The position may be responsible in positively influencing both internal and external personnel, as applicable. The position will be responsible for management of activities that help the Bank keep pace with the evolving landscape of the risk management environment and identifying continuous improvements in the  execution of practices within the Risk Management Division. The role may also be requested to provide input to forthcoming strategy and direction, and be able to do so in context of the bigger picture and in a manner that supports collaboration and efficiency amongst its risk partners, as applicable.  The position requires the ability to function autonomously in the oversight and/or execution of one or more risk activities in support of the services described above and will play a key role with the development of program level activities.  Activities performed will help the Bank and areas supported adhere to the expectations of the enterprise risk framework and the expectations of key stakeholders, up to and including the Board. The individual is considered a subject matter expert in the businesses or functions that they support, and is able to understand other risk elements of the business, as well as the business in context of the Bank overall. 
 

Primary Responsibilities:

Risk Appetite

• Manage the bank’s risk metrics program, including Risk Appetite metrics, Key Risk Indicators, etc. Responsible for defining the program and implementing system/tools to support its execution. Responsible for applicable policies, procedures, and training, as well as designing reporting to ensure stakeholders are appropriately informed of risk. 
• Provides consultative support to the first line of defense in establishing risk appetite, setting KRIs/KPIs, and establishing risk aggregation methodologies.
• Annual (and any off cycle) update of risk appetite statements and measures, as well as annual update of the Risk Appetite Framework
• Creates and delivers reporting and presentations to various committees and forums
• Perform and facilitates effective challenge
• Prepares and delivers training programs to both First and Second Line of Defense Stakeholders

Governance, Policy and Frameworks

• Identifies program gaps and develops remediation plans to address those gaps in a timely manner. Escalates identified gaps to risk governance committees, executive management and the Board, as necessary.  Continuously enhances the Enterprise Risk Management program and Enterprise Risk Framework to improve effectiveness and oversees the implementation of enhancements to processes.
• Leads/oversees the implementation of departmental procedures and other documentation to demonstrate processes. Ensures work is performed accurately, timely and in adherence to corporate risk policies, procedures and key risk related controls. In addition, develops value-added process improvements, resolves risk issues, and enhances reporting and/or information necessary to assess risk.
• Provide support and guidance to chief of staff of the Enterprise Risk Management Committee

• Responsible for management of one or more Enterprise Risk Management areas of focus across multiple business lines and risk pillars. 
• Ensure adherence to enterprise risk related policies and procedures.  Understand and utilize the Risk Management Framework, and develop and implement various elements of said framework. Provides independent oversight and critical challenge of the identification, assessment, monitoring, mitigation, and reporting of all significant risks and risk practices within the First Line of Defense and throughout the Risk division. In risk-based and collaborative manner, ensure underlying elements of the risk management framework accurately reflect the risk environment. Identify gaps or deficiencies, and ensure remediation activities address the risk.  Escalate through the governance structure up to and including senior management / governance committees, as appropriate.  Lead initiatives to analyze various elements of said framework.
• Manage, execute or deliver the completion of high-complexity, ad hoc and appropriately detailed reports, spreadsheets and project work related to one or more risk disciplines based