Head of Risk Management

Role Overview

• Provides independent oversight of the organization's operational risk and compliance programs, ensuring alignment with enterprise objectives, risk appetite, and regulatory expectations.
• Accountable for developing, implementing, and maintaining risk and compliance frameworks, policies, procedures, and methodologies that enable the identification, assessment, monitoring, and mitigation of operational and compliance risks.
• Responsible for creating the risk and compliance short-term and long-term strategies for a segment of the company or a staff agency that influences business objectives and deliverables aligned to the Risk Governance framework.
• Leads the assessment and oversight of risk across business lines, including the facilitation of Risk and Control Self-Assessment (RCSA), gap analysis, issue management, and business stress testing activities.
• Establishes and reinforces the organization's Operational Risk Tolerance and Operational Risk Appetite Statements, ensuring effective communication and adherence across all business units.
• Serves as a trusted advisor to business and functional leaders, providing risk and compliance consultation for major initiatives, business planning, product development, and emerging issues.
• Oversees the identification, monitoring, and escalation of material operational and compliance risks, including breaches, trends, and mitigation efforts, ensuring appropriate governance and reporting structures are maintained.
• Directs and challenges frontline business units on the design and execution of risk mitigation strategies to ensure adherence to internal standards and regulatory requirements.
• Oversees and leads the analysis of new and existing laws and regulations, assessing their operational and business impact, and recommending appropriate actions to ensure compliance.
• Oversees the management of regulatory interactions, including examinations, information requests, and resolution of findings from federal and state regulatory agencies.
• Collaborates with key stakeholders to maintain a strong governance structure and ensure consistent interpretation and implementation of risk and compliance expectations.
• Builds and lead a high-performing risk and compliance team, overseeing recruitment, development, performance management, and succession planning to ensure effective coverage and continuity.

Requirements

• Bachelors Degree OR 4 additional years of related experience beyond the minimum required (see bullet below) may be substituted in lieu of a degree.
• 10 years of progressive experience in operational risk management and compliance within large, regulated financial institutions to include demonstrated experience developing and implementing enterprise-wide operational risk and compliance programs that meet or exceed regulatory standards.
• 6 years of people leadership experience in building, managing and/or developing high-performing teams.
• Extensive experience in designing and executing compliance programs, including development and implementation of compliance policies and procedures, risk identification and control methodologies, oversight of regulatory examinations and responses and interaction with federal and state regulatory agencies.
• Extensive experience and in-depth knowledge of operational risk frameworks including risk governance; risk appetite; process, risk and control analysis; control effectiveness measurement; risk management coverage plan (monitoring, assessment, and testing).
• Demonstrated ability to influence at senior levels within an organization.
• Proven capability to communicate effectively across all Lines of Defense and build collaborative relationships.
• Strong written and oral communication skills, including the ability to communicate complex analyses to a non-technical audience.
• Strong problem-solving, critical thinking and analytical skills.
• Expert Knowledge of applicable laws, rules, regulations, and regulatory expectations.

Benefits

• comprehensive medical, dental and vision plans
• 401(k)
• pension
• life insurance
• parental benefits
• adoption assistance
• paid time off program with paid holidays plus 16 paid volunteer hours
• various wellness programs
• career path planning and continuing education