Director, Risk Management

Reinvestment Fund•Philadelphia, GA

20h•Remote

About The Position

Reinvestment Fund is seeking a Director, Risk Management to support and lead the implementation and execution of key initiatives associated with our strategic objective of strengthening and maturing our risk management program. Leveraging prior experience working within similar companies and/or industries will be key to informing and prioritizing key projects and initiatives for the Risk and Compliance function. This individual will partner with business leaders, department heads, and senior management to support risk-informed decision-making and advance organizational risk objectives. The Director will have the ability to work autonomously and within areas of ambiguity, work collaboratively with other internal stakeholders, and communicate with impact to add value and influence change across the organization. This is an opportunity to play a key role in advancing the organization’s risk management capabilities as we continue to grow and evolve.

Requirements

Bachelor’s degree in Finance, Accounting or Business-related discipline, or equivalent experience.
7+ years of operating within a first- or second-line risk or compliance function.
5+ years of experience in the financial services industry.
3+ years of people, team, or project leadership
Experience designing and implementing cross-functional processes while managing multiple concurrent projects.
Experience managing or assessing risks related to AML/BSA/OFAC, third-party risk management, privacy, information security, data protection, and federal grants compliance.
Demonstrated knowledge of enterprise risk management frameworks (e.g., COSO) and familiarity with leading business and IT control frameworks (e.g., CoBIT, NIST).
Demonstrated knowledge of risk management process, internal controls, risk assessments and the three lines of defense model.
Experience applying legal and regulatory requirements to business practices and identifying potential compliance gaps.
Highly motivated self-starter with a strong sense of ownership and the ability to drive change through innovation.
Demonstrated ability to build productive relationships across all levels of an organization and lead or contribute to initiatives that drive positive change.

Nice To Haves

Experience with controls testing methodologies, financial reporting controls, and IT management controls.
Experience working with or within internal audit (third line of defense).

Responsibilities

Support the design, implementation, and continuous improvement of sustainable and adaptable risk management program elements, including governance, policies and procedures, training, metrics, monitoring, reporting, and risk assessment processes.
Contribute to the development, implementation, and enhancement of enterprise risk management (ERM) frameworks, methodologies, and reporting processes that align with organizational objectives and regulatory expectations.
Support the ongoing identification, assessment, monitoring, aggregation, and reporting of key enterprise and operational risks, including the effectiveness of risk mitigation strategies and controls.
Manage and enhance risk management programs, including vendor/third party risk management and other operational risk initiatives.
Partner with compliance stakeholders to assess and monitor risks associated with AML/OFAC and other regulatory compliance programs.
Lead the Vendor Risk Management program, partnering with cross-functional stakeholders to conduct vendor due diligence, contract reviews, risk assessments, ongoing monitoring, and to identify, assess, and mitigate risks associated with third-party relationships.
Design and implement improvements in risk communication, monitoring, reporting, and oversight processes to strengthen organizational awareness and accountability.
Prepare and contribute to risk reports, dashboards, and presentations for senior management, executive leadership, and Board committees.
Engage directly with business unit personnel as a trusted subject matter expert and business partner, to identify risk priorities and implement practical risk management solutions through advisory services, assessments, and strategic projects, while promoting risk-informed decision making.
Cross functional collaboration between all three pillars in the Office of the COO (IT, Risk and Compliance, and Operations) is critical.
Exercise sound judgement, professional skepticism, and ethical behavior when engaging with internal stakeholders, legal counsel, and/or external third parties and vendors.
Articulate objectives, observations and recommended actions for remediation of noted gaps; build consensus among stakeholders and drive accountability for corrective action plans.
Support assessments, reviews, and audits, acting as a liaison with the business to collect documentation, management response development, remediation tracking, and reporting.
Other duties as assigned.