Director of Enterprise Risk Management

First Interstate • Bend, OR

4d

About The Position

The Director of Enterprise Risk management is responsible for all corporate related insurance, risk management strategy, and risk profile assessments. This position will have involvement in the Corporate Risk Review Board and support the Contract organization with targeted risk reviews.

Requirements

• Proficient computer skills to include Microsoft Word, Excel, Outlook, and PowerPoint.
• Ability to prioritize work and remain adaptable under pressure.
• Understanding of the challenges related to implementing organizational changes.
• Strong analytical and problem-solving skills, and ability to anticipate barriers and opportunities.
• Capability to manage multiple demands and to adapt to new challenges and shifting priorities.
• Possess excellent written and verbal skills.
• Ability to develop and maintain internal and external relationships such as Relationship Managers, Credit Officers, and Risk Management Personnel.
• Self-motivated and possess the ability to assist with credit risk decisions.
• Ability to prioritize and with others in an integrated way to achieve individual objectives and team results, with flexibility to adapt to changing volumes and areas of focus (new vs. renewal).
• Maintain a thorough understanding of laws & regulations for all legal document processing.
• Ability to read, analyze, and interpret the most complex documents.
• Ability to respond effectively to the most sensitive inquiries or complaints.
• Ability to write speeches and articles using original or innovative techniques or style.
• Ability to make effective and persuasive speeches and presentations on controversial or complex topics to top management, public groups, and/or boards of directors.
• Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry.
• Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
• Ability to apply principles or logical or scientific thinking to a wide range of intellectual and practical problems.
• Ability to deal with nonverbal symbolism (formulas, scientific equations, graphs, etc.) in its most difficult phases.
• Ability to deal with a variety of abstract and concrete variables.
• Bachelor's Degree in Business, Finance, Economics, or a related field required
• 1-3 years Experience designing and implementing controls to ensure process sustainability required
• 1-3 years Conducting risk assessments and assessing the adequacy of policies, procedures, processes, compliance, and operational controls in a significantly large and complex organization required
• 1-3 years Experience in risk management, risk modeling and quantification, controls development, or related required
• 1-3 years Experience communicating with financial services regulators and or internal audit required
• 1-3 years Experience in the banking sector required
• Regular and Predictable Attendance - Required
• Ability to travel - as needed

Nice To Haves

• Master's Degree in Risk Management or related preferred

Responsibilities

• Develops and maintains a consistent Enterprise Risk Management (ERM) program, working closely with all stakeholders and their respective committees to ensure consistency and transparency within the ERM program.
• Ensures that the programs within the ERM framework comply with regulatory requirements.
• Ensures that risk reporting, risk appetite, and risk limits aligns with organizational performance and strategy reporting, to support decision-making and management oversight at the most senior levels.
• Supports senior leaders to drive a risk culture across the organization and ensures the effective operation of enterprise risk management through the implementation and maintenance of the organization's GRC tool (i.e., Archer).
• Ensures appropriate oversight over risk and control matrices, risk self-assessments and testing of the control environment in accordance with the Bank’s risk appetite.
• Develops and maintains an appropriate model risk management program including appropriate framework, maintenance of model inventory and significant spreadsheets, timely validations of models, and appropriate reporting through the relevant committees.
• Administers all aspects of vendor and other third-party relationships throughout their vendor life cycle; includes developing an overall vendor strategy, contract negotiations, and implementation of tools and processes associated with managing third parties and their related risk.
• Directs the vendor management team and ensures that trust-based relationships are built with other business units, stakeholders, and third-party providers to maximize functionality and efficiency.
• Oversees the strategy, development, maintenance, operations, and management of the Incident Management Program to effectively respond to, and recover from, a business disruption event.
• Manages Crisis Management, Incident Management, Disaster Recovery, and Business Resiliency by working closely and collaboratively across the Bank’s business units to define business continuity and technology resilience requirements, document business impacts and recovery strategies, recovery strategy exercises, and ensures the Bank’s crisis response framework addresses all essential recovery requirements according to regulatory and professional practices.
• Partners with Business owners to develop and implement plans to keep the Bank effectively functioning after disruptive events such as natural disasters, terrorism, and pandemic viruses.
• Evaluates, negotiates, and recommends the most effective methods of handling the Company risk through insurance transfer.
• Provides leadership to insurance claims and other insurance action.
• Identifies operational risk and control deficiencies in the business.
• Escalates operational risk loss events, controls deficiencies, and risks on a timely basis.
• Leverages the value in unit, department, and enterprise-wide teams to develop better solutions and achieve a cross-enterprise mindset.
• Manages the acquisition and review of liability insurance policies and participate in the negotiation of all such corporate policies.
• Conducts analysis regarding survey results of corporate risk management strategy, benchmark data, risk profile, processes, and organizational structure.
• Utilizes best practice of enterprise risk management concepts in areas of contractual risk, market risk, and operation risk management.
• Acts as the liaison to attorneys, insurance companies, brokers, and the Executive team.
• Designs and develops risk mitigating plans and programs, policies, and procedures to neutralize and minimize the effect of threats and reduce inevitable risk and losses.
• Hires, supervises, evaluates, mentors, and develops team.
• Performs personnel actions to include performance appraisals, disciplinary actions, and interviewing candidates for employment.
• Supervises the daily activities of the team to include delegation of assignments, development of work schedules to meet required timelines, and ensures training is completed.
• Provides focus and clarity in establishing individual goals, driving performance management, supporting career development, and rewarding strong performance.
• Accepts and successfully executes change while supporting employees through the process and keeping them focused on business priorities.

Benefits

• Generous Paid Time Off (PTO) in addition to paid federal holidays.
• Student debt employer repayment program.
• 401(k) retirement plan with a 6% match.
• medical, dental, vision, short- term and long-term disability benefits and life insurance, flexible spending accounts, health savings account, employee assistance program

What This Job Offers

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