Director, Enterprise Risk Management

STRIDE BANK NA•Sioux Falls, SD

About The Position

The Director of Enterprise Risk Management assists the Chief Risk Officer in developing, implementing, and administering the Bank’s Enterprise Risk Management Program in accordance with the Board’s strategic objectives and risk appetite. The role oversees the program’s strategic components, including policies and procedures, risk and control inventories, assessment methodology, change management, communications, and reporting. The Director oversees risk assessments for products, services, business units, and corporate functions; monitors exposure to new, emerging, and existing risks; and works with business leaders to select and implement appropriate risk responses. The role supports an enterprise-wide view of risk for management and the Board and oversees third-party risk management, including due diligence and monitoring of fintech partners, and timely remediation of issues. The position builds effective relationships with line-of-business leaders, guides policy and procedural enhancements and internal controls, and oversees issue tracking and remediation. It provides periodic reports to Executive Leadership and Board Committees on industry trends, the Enterprise Risk Program, risk exposures, issues management, indicators, and initiatives. The Director also coordinates with the outsourced internal audit function and business leaders to support timely information exchange and escalate scheduling conflicts or concerns as appropriate. The role maintains awareness of company goals, regulatory and legislative developments, and industry trends.

Requirements

Bachelor’s degree, at minimum.
10 or more years of banking experience.
Extensive understanding of enterprise risk management and internal control frameworks, with demonstrated research and implementation skills.
Strong investigative, written, and oral communication skills.
Strong commitment to ethics and ability to build consensus and understand varied issues and perspectives.
Strong understanding of the banking industry, including bank partnerships with fintech companies.
Management experience leading teams within the banking industry.
Ability to engage with third parties, including auditors, regulators, and fintech partners, and communicate aspects of the Bank’s Enterprise Risk Management Program effectively.
Strong teamwork skills to partner effectively with business unit leaders and senior executives.
Strong leadership skills to guide organizational change and collaborate with partners across organizational levels.
Ability to simplify difficult concepts and challenges through analytical thinking.
Ability to work in a dynamic environment, build and maintain a network of contacts, and coordinate with multiple partners across the company.
Desire to work collaboratively, drive strategic direction, and contribute to day-to-day tactical solutions.
Experience building and maintaining relationships across departments and functions and establishing a culture of engagement.
Proven ability to influence change positively and creatively, champion critical change initiatives, and help others anticipate and manage change.

Nice To Haves

At least 5 years of related experience in risk management or internal audit functions.
Experience with financial institutions supporting fintech partner relationships.

Responsibilities

Assist the Chief Risk Officer in developing and overseeing the strategic aspects of the Bank’s Enterprise Risk Management Program, including policies and procedures, risk assessment methodology, risk and control inventories, change management, communication, and reporting.
Oversee execution of risk assessments for products, services, business units, and corporate functions in accordance with Bank policies and methodology.
Oversee procedures for monitoring exposure to new, emerging, and existing risks against established limits, including identifying triggers for reassessing risk severity.
Work with line-of-business leaders and teams to prioritize, select, and implement risk responses based on assessment results.
Assist the Chief Risk Officer in developing and analyzing an enterprise-wide view of risk for management and the Board.
Oversee the third-party risk management program, including due diligence and ongoing monitoring of third parties and fintech partners, and timely identification and remediation of issues.
Develop and maintain relationships with business leaders to support effective implementation of the Enterprise Risk Management Program and promote a solution-oriented environment.
Work with business leaders to identify policy and procedural enhancements for new, modified, or expanded products and services, including appropriate internal controls.
Oversee the Bank’s Issues Management policies and procedures to ensure issues are tracked, addressed, and remediated in a timely manner.
Provide periodic reports to Executive Leadership and Board Committees on industry trends, program status, risk assessments and exposures, issue management, key risk and performance indicators, and initiatives.
Coordinate with the outsourced internal audit function to support efficiency between the second and third lines of defense.
Coordinate timely provision of requested information and responses to the outsourced internal audit team, and escalate potential audit scheduling conflicts or concerns to the Audit and Compliance Committee as appropriate.
Maintain awareness of company goals, regulatory and legislative developments, and industry trends.
Perform other duties as assigned.