Enterprise Riks Management (ERM) Strategic Risk Director

Western Alliance Bank•Phoenix, AZ

6d•Onsite

About The Position

As an ERM Strategic 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 Risk Management Team, who is responsible for several enterprise-wide programs, including Risk and Control Self-Assessment (RCSA), Controls Testing, Governance Risk and Compliance (GRC) Platform and Program, Third-Party Risk Management, Risk Appetite Program, Policy Framework, and Technology and Information Security Risk Management. The Strategic Risk Director will be responsible for overseeing a team that develops and executes the Strategic Risk and Risk Appetite Programs, including methodology, policies and standards, reporting, training, and continuous improvement. Oversee execution and enhancement of the Strategic Risk Program, including effective challenge of the bank’s strategic plan, effective challenge of identification and management of strategic risks through Risk and Control Self Assessments (RCSA), Product and Services Risk Assessments (PSRA), Key Risk Indicators (KRIs), Issue Management, and Policies and Procedures. Oversee execution and enhancement of the bank’s Risk Appetite Framework, including methodology for KRI development for all risk categories, managing GRC KRI module, quarterly KRI reporting for risk committees, and updating qualitative statements and appetite levels that are approved by the Board of Directors. Collaborate with Corporate Development, Senior Business Leaders, and Risk Management leaders to conduct effective challenge of the bank’s strategic plan to ensure the plan is aligned with the bank’s risk appetite. Provide oversight of ERM Program responsibilities, including Risk Management Strategic Planning, implement programs that are commensurate with the bank’s size and complexity (e.g., risk identification), and manage executive and board risk committee agenda planning, Collaborate across the three lines of defense to ensure adherence to ERM Program requirements. Develop executive and board level reporting. Manage a medium to large team (6-16) and help develop, train, and drive continuous improvement.

Requirements

12+ years related experience in Risk Management, Internal Audit, SOX, and Financial Institutions.
Advanced to Expert knowledge and experience with risk and control frameworks (COSO ERM Framework, Basel etc.).
Bachelor's degree in related field required.
Previous leadership experience required.
Excellent written and verbal communication skills.
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 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 related to risk assessments, strategic planning

Responsibilities

Oversee execution and enhancement of the Strategic Risk Program, including effective challenge of the bank’s strategic plan, effective challenge of identification and management of strategic risks through Risk and Control Self Assessments (RCSA), Product and Services Risk Assessments (PSRA), Key Risk Indicators (KRIs), Issue Management, and Policies and Procedures.
Oversee execution and enhancement of the bank’s Risk Appetite Framework, including methodology for KRI development for all risk categories, managing GRC KRI module, quarterly KRI reporting for risk committees, and updating qualitative statements and appetite levels that are approved by the Board of Directors.
Collaborate with Corporate Development, Senior Business Leaders, and Risk Management leaders to conduct effective challenge of the bank’s strategic plan to ensure the plan is aligned with the bank’s risk appetite.
Provide oversight of ERM Program responsibilities, including Risk Management Strategic Planning, implement programs that are commensurate with the bank’s size and complexity (e.g., risk identification), and manage executive and board risk committee agenda planning.
Collaborate across the three lines of defense to ensure adherence to ERM Program requirements.
Develop executive and board level reporting.
Manage a medium to large team (6-16) and help develop, train, and drive continuous improvement.