Director of Enterprise Risk Management

Beneficial State Bank • Oakland, CA

17h • $196,659 - $290,000 • Hybrid

About The Position

The Director of Enterprise Risk Management (ERM) leads and maintains Beneficial State Bank’s enterprise risk management framework, providing independent oversight and coordination of risk identification, assessment, monitoring, reporting, and mitigation. The role embeds risk management practices in strategic planning, decision-making, governance, and daily operations, and partners with department heads, Compliance, Audit, and other teams to develop, implement, maintain, review, and oversee an effective framework.

The Director supports compliance-related projects and activities, identifies gaps, recommends solutions to reduce losses arising from inadequate processes, systems, or human error, and identifies, responds to, or escalates risks as appropriate. The role serves as a functional liaison between lines of business and the Lines of Defense, and provides independent analysis, constructive challenge, and recommendations concerning enterprise risk exposures and governance effectiveness. Risk ownership and risk acceptance remain with designated business leaders and executive management under approved delegated authorities.

The Director advises executive leadership, the Enterprise Risk Management Committee, and the Board of Directors on risk appetite, emerging risks, risk governance, and enterprise resiliency. The position promotes a proactive risk culture while supporting the Bank’s mission, strategic objectives, regulatory obligations, and stakeholder expectations. The Bank’s framework addresses credit, financial, liquidity, market, operational, reputational, strategic, and other relevant risks.

The role reports to the Chief Operating Officer or Chief Executive Officer, with direct access to and interaction with the Audit Committee and any other board-level Risk Committee. The position is full-time, Monday through Friday, and hybrid in Oakland. It is based in a typical, non-confined office setting; work may also be performed away from Bank worksites depending on business needs. Remote work requires dependable high-speed internet and a private environment suitable for confidential calls.

Requirements

• Bachelor’s degree or certification in Business, Risk Management, or a related field.
• At least 12 years of progressive experience in enterprise risk management, operational risk, compliance, audit, banking, financial services, or related disciplines.
• At least 5 years of leadership experience.
• Strong understanding of banking regulations and risk governance frameworks such as COSO ERM, ISO 3100, and Interagency guidance on sound risk management practices.
• Experience presenting to executive leadership and Boards of Directors.
• Demonstrated expertise in risk assessment methodologies, risk reporting, and governance practices.

Nice To Haves

• Professional certification such as CRMA, CRCM, CERP, FRM, CFA, CIA, or CISA.
• Experience within a regulated financial institution.
• Experience supporting Board Risk Committees or Enterprise Risk Committees.
• Experience implementing risk management platforms such as Logic Manager, AuditBoard, or other GRC tools.

Responsibilities

• Lead the design, implementation, enhancement, and ongoing administration of the Bank’s Enterprise Risk Management Program.
• Maintain a comprehensive enterprise risk framework aligned with regulatory expectations and industry best practices.
• Facilitate enterprise-wide risk assessments and risk identification processes.
• Develop and maintain methodologies for risk scoring, prioritization, and aggregation.
• Provide independent risk analysis, oversight, and constructive challenge regarding risk exposures, mitigation strategies, governance effectiveness, and alignment with the Bank’s risk appetite.
• Ensure material risks are identified, documented, monitored, and escalated appropriately.
• Conduct emerging risk assessments and environmental scans to identify future threats and opportunities.
• Facilitate development, maintenance, monitoring, and periodic updates of the Bank’s Risk Appetite Statement.
• Establish and monitor key risk indicators, thresholds, and escalation protocols, and coordinate periodic reviews of risk appetite metrics and tolerance levels.
• Support executive management and the Board in evaluating adherence to approved risk appetite.
• Maintain the Enterprise Risk Management Policy and Charter and coordinate updates through established governance processes.
• Recommend improvements to risk governance and oversight processes while recognizing that risk ownership and acceptance decisions remain with designated business leaders and executive management.
• Prepare enterprise risk reports, dashboards, trend analyses, executive summaries, and quarterly Board risk reporting packages.
• Present risk assessments, emerging risks, and enterprise risk trends to executive leadership and Board committees.
• Coordinate materials and reporting for the Enterprise Risk Management Committee.
• Provide actionable risk insights to support strategic and operational decision-making.
• Escalate material risks, significant control issues, policy exceptions, and emerging concerns through established governance channels.
• Lead annual and periodic enterprise risk assessments and facilitate risk workshops with executive leadership and business units.
• Maintain the enterprise risk inventory and risk register, including ownership, ratings, mitigation plans, and action-item tracking.
• Monitor mitigation plans and management action items, and validate risk ownership assignments and accountability structures.
• Promote integration of risk management into strategic planning, capital planning, budgeting, project governance, vendor management, and major business initiatives.
• Partner with Information Security, Compliance, Internal Audit, Finance, Human Resources, Operations, and Technology teams to support consistent risk oversight.
• Support governance committees through risk analysis and reporting, and ensure risk considerations are incorporated into new products, services, technologies, and strategic initiatives.
• Maintain awareness of applicable regulatory guidance and industry expectations regarding risk governance.
• Support examinations, audits, and regulatory reviews related to enterprise risk management, coordinate responses to risk governance recommendations and findings, and assist in maintaining ERM-related policies, charters, procedures, and standards.
• Complete assigned mandatory compliance training as scheduled.
• Oversee development and maintenance of enterprise risk dashboards and reporting tools, champion centralization and governance of risk-related data, and evaluate, lead, and support implementation of risk management technology solutions.
• Ensure the accuracy, completeness, and integrity of risk reporting information.
• Promote accountability, collaboration, continuous improvement, and sound risk management.
• Develop and deliver enterprise risk education and training programs and advise business leaders on risk management practices, governance requirements, and emerging risks.
• Perform other functions as assigned.

Benefits

• Medical, dental, vision, basic life, short-term disability, and long-term disability benefits.
• Two to four weeks of vacation, depending on role.
• Twelve sick days per year.
• Eleven holidays per year.
• 401(k), Roth, FSA, HSA, and EAP.
• Education assistance.
• Adoption assistance.
• Bank-wide annual discretionary bonus program.
• Production-based incentive program available for some roles.
• Four days of paid volunteer time per year and an annual match of qualifying employee donations.
• Paid sabbatical program after five years of service.
• Pet benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Director