Enterprise Risk Management (ERM) Operational Risk Director

Western Alliance Bank • Phoenix, AZ

1d • Onsite

About The Position

As an ERM Operational Risk Director you will lead a team that develops and implements programs to identify, measure, monitor, and control risks throughout the organization. You'll play a key role in the Bank's Enterprise and Operational Risk Management Team, who is responsible for several enterprise-wide programs, including Risk and Control Self-Assessment (RCSA), Operational Loss, Controls Testing, Operational Risk Issues and Key Risk Indicators (KRI). The Operational Risk Director will be responsible for overseeing a team that develops and executes the RCSA and Operational Loss programs, including methodology, policies and standards, reporting, training, and continuous improvement. Oversee execution and enhancement of the RCSA Program, including maintaining standards for risk identification and effective challenge, maintaining the bank's risk taxonomy, and managing technology used to execute the RCSA program. Collaborate across the three lines of defense to ensure adherence to RCSA Program requirements. Develop executive level reporting to track execution and to aggregate RCSA results for management and the Board. Oversee the operational risk scenario analysis for use in the Capital Stress Tests. Develop and oversee a bank-wide Operational Loss Program, including creation of standards, partnering with the 1LOD for successful program adoption, providing effective challenge, and creation of reporting. Perform operational risk effective challenge over various programs including issues, KRIs, RCSAs, and operational losses. Manage a medium to large team (6-16) and help develop, train, and drive continuous improvement.

Requirements

• 10+ years related experience in Risk Management, Internal Audit, SOX, and Financial Institutions.
• Bachelor's degree in related field required.
• Previous leadership experience required.
• Advanced to expert knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
• Advanced to expert knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
• Advanced to expert knowledge of industry and professional experience across one or more of the three lines of defense (e.g., banking operations, information technology, SOX, compliance, risk management, audit).
• Advanced to expert knowledge and experience with risk and control frameworks (COSO ERM Framework, Basel etc)
• Advanced to expert knowledge of risk management tools and systems and advanced proficiency in Microsoft Office Suite (Word, Excel, and PowerPoint).
• Advanced to expert technical knowledge of risk frameworks and industry best practices.
• Advanced to expert experience with developing KRIs, enterprise Issue Management, risk and controls, within a financial services company.
• Expert speaking and writing communication skills.

Nice To Haves

• Masters or MBA in related field preferred
• Professional certification or advanced degree in Risk Management, Accounting, Banking, Legal, or associated field of study preferred.

Responsibilities

• Oversee execution and enhancement of the RCSA Program, including maintaining standards for risk identification and effective challenge, maintaining the bank's risk taxonomy, and managing technology used to execute the RCSA program.
• Collaborate across the three lines of defense to ensure adherence to RCSA Program requirements.
• Develop executive level reporting to track execution and to aggregate RCSA results for management and the Board.
• Oversee the operational risk scenario analysis for use in the Capital Stress Tests.
• Develop and oversee a bank-wide Operational Loss Program, including creation of standards, partnering with the 1LOD for successful program adoption, providing effective challenge, and creation of reporting.
• Perform operational risk effective challenge over various programs including issues, KRIs, RCSAs, and operational losses.
• Manage a medium to large team (6-16) and help develop, train, and drive continuous improvement.

Benefits

• competitive salaries
• an ownership stake in the company
• medical and dental insurance
• time off
• a great 401k matching program
• tuition assistance program
• an employee volunteer program
• a wellness program
• opportunity to bolster business knowledge
• learning the ins and outs of how successful companies operate and manage their finances
• invaluable hands-on experience to help grow your career

What This Job Offers

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