Director, Risk Management (LOD1)

Early Warning Services • Scottsdale, AZ

13d • Hybrid

About The Position

The Director, Risk Management is responsible for the development, implementation and coordination of a centralized first-line of defense (LOD1) risk and internal control program for Early Warning’s Payments and Risk Products business lines. This newly consolidated role is designed to ensure risk programs and controls are implemented consistently and operating effectively across these business lines as it relates to all risk types including strategic, operational, compliance and financial. The role will be required to align with the company’s Enterprise Risk Management leadership around the structure of the 3LOD (three lines of defense) Program to ensure the consistency in the implementation and operationalization across the enterprise.

Requirements

• Bachelor’s degree in Business Administration, Finance, Accounting or other related field of specialty.
• Typically, a minimum of 12 years of progressive experience in the financial services industry or experience within a three-lines of defense program.
• Demonstrated success leading risk functions in a 3LOD environment.
• Demonstrated ability to work effectively in a complex, highly regulated environment.
• Excellent problem solver with effective change management skills
• Working knowledge of regulatory requirements specific to the business-lines.
• Excellent communication, organization and interpersonal skills, with demonstrated ability to collaborate and build trust in business partners.
• Effective influence management skills.
• Background and drug screen.
• For CDO focus area: Knowledge and experience with model risk management and first line support for Chief Data Office.
• Demonstrated success developing and implementing effective risk solutions for data management.

Nice To Haves

• Experience interacting with executive management.
• Demonstrated experience working in multiple risk disciplines including but not limited to product, regulatory and compliance, third party, reputation, competitive, etc.
• Knowledge of COSO’s Internal Control – Integrated Framework, or similar.
• Risk management, internal control, or internal audit certification(s)
• First line of defense risk management experience in a regulated financial institution.
• Proficient in writing policies and procedures.
• In depth knowledge and understanding of regulatory environment and its applicability to financial services and risk.

Responsibilities

• Build and manage the business line’s centralized LOD1 function, including strategic vision and implementation plans, acting as business-line liaison to Enterprise Risk Management, Operational Risk Management, and Compliance in support of the company’s 3LOD program.
• Work with Compliance and other Risk functions to understand and monitor applicable regulations and requirements, assess business impact and drive appropriate projects and processes to address needed changes.
• Partner with Enterprise Risk Management in the execution of Risk and Control Self Assessments.
• Partner with Business Continuity Management on business’ participation in BC/DR tests, and own and maintain required process and technical recovery plans.
• Oversee and monitor the business-lines’ third-party relationships, including both performance and risk management.
• Assist the business-line in the design and build of process maps in alignment with Early Warning’s Process Classification Framework.
• Own and maintain business-lines’ process inventory and internal control environment inventory.
• Design, maintain, and report metrics (KPIs and KRIs) demonstrating control effectiveness.
• Identify and self-report issues through the ERM Self-Identified Issue Process; individually and together with other LOD1 business-line members
• Ensure risk remediation plans exist and are sufficient; track remediation plans to completion and ensure remediation is on-time and sustainable; ensure action plans and remediation of issues by risk owners.
• Support business-line Risk Acceptance Forms (RAF) process, when applicable.
• Drive periodic executive level reporting regarding business risk management activities, working closely with business-line leadership
• Develop, in alignment with ERM’s frameworks, a 1st LOD risk management governance process across the business lines to support decision making and escalation regarding risks that may be not be consistent with the business’ risk tolerance
• Deliver education and awareness of risk ownership essentials.
• Continually monitor and update assessments of the control environment, keeping abreast of significant control issues, trends and developments.
• Perform internal control effectiveness test plans and procedures.
• Lead a team of risk professionals.
• Support the company’s commitment to risk management and protecting the integrity and confidentiality of systems and data.

Benefits

• Competitive medical (PPO/HDHP), dental, and vision plans as well as company contributions to your Health Savings Account (HSA) or pre-tax savings through flexible spending accounts (FSA) for commuting, health & dependent care expenses.
• 401(k) Retirement Plan – Featuring a 100% Company Safe Harbor Match on your first 6% deferral immediately upon eligibility.
• Flexible Time Off for Exempt (salaried) employees, as well as generous PTO for Non-Exempt (hourly) employees, plus 11 paid company holidays and a paid volunteer day.
• 12 weeks of Paid Parental Leave
• Maven Family Planning – provides support through your Parenting journey including egg freezing, fertility, adoption, surrogacy, pregnancy, postpartum, early pediatrics, and returning to work.

What This Job Offers

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