Enterprise Risk Management Officer

IDBNY•New York, NY

2d•$130,000 - $160,000•Hybrid

About The Position

Israel Discount Bank of New York (IDB Bank) is seeking an experienced, proactive risk professional for its Enterprise Risk Management team. The role drives governance transformation, regulatory reporting, risk framework development, and GRC tool administration across the bank. Its primary mandate includes modernizing the Policy & Procedure Governance Framework; owning executive and regulatory risk reporting, including CRO and Enhanced Prudential Standards (EPS) reports; supporting the Internal Capital Adequacy Assessment Process (ICAAP); co-leading ERM Committee governance; participating in the bank’s AI Risk Framework working group; and overseeing Issue Management and Archer GRC operations. The role establishes an end-to-end policy and procedure repository and lifecycle management framework using RSA Archer and SharePoint, migrates existing procedures to standardized templates, and monitors review notifications and compliance status. It coordinates monthly CRO reporting and leads quarterly EPS report production, including gathering inputs across business units and affiliated functions. It also supports capital planning and stress testing, contributes to development of the bank’s AI risk framework, manages issue remediation processes and Archer workflows, and participates in Risk Appetite Statement reviews and risk assessment challenge. The position is available at VP or FVP level, depending on experience. The bank operates on a hybrid schedule. The expected annual salary is $130,000–$160,000 at the start of employment, with the final offer based on individual skills and experience. The total rewards package includes eligibility for an annual bonus, insurance plans, wellness programming, retirement and savings plans with employer contributions, paid holidays and time off, parental leave, and tuition reimbursement.

Requirements

Bachelor’s degree in Finance, Economics, Business Administration, Computer Science/Data, or a related field.
For VP level: 7–10+ years of enterprise risk management, operational risk, or regulatory governance experience within banking, capital markets, or financial services.
For FVP level: 10–13+ years of progressive leadership experience, mastery of ERM frameworks, deep familiarity with prudential banking regulations, and a proven history of managing high-visibility reporting and committees.
Hands-on administration or functional experience with RSA Archer GRC, specifically Policy, Issue Management, and Risk modules.
Advanced proficiency in SharePoint architecture, including site design, lists, permissions, metadata/taxonomy, and search indexing.
Advanced MS Office skills, including Excel, PowerPoint, and Word.
Deep understanding of enterprise risk concepts and the Three Lines of Defense.
Exceptional written communication skills, including experience writing formal board- or executive-level minutes and executive risk packages.
Strong interpersonal skills and ability to coordinate with cross-affiliate entities and functions, including broker-dealer subsidiaries, Finance, Strategy, Legal, and Internal Audit.
Ability to drive structure in unstructured environments, such as building a SharePoint repository and establishing an AI risk framework from initial stages.

Nice To Haves

Advanced degree such as an MBA or MS.
Certifications such as FRM, PRM, CRISC, or PMP.

Responsibilities

Modernize the Policy & Procedure Governance Framework by deploying a repository and lifecycle management framework using RSA Archer for inventory and tracking and SharePoint for document storage, metadata tagging, and enterprise search.
Migrate and reformat existing bank procedures into standardized procedure templates.
Execute and monitor automated Archer review notifications to procedure coordinators and policy owners.
Produce quarterly compliance and review status reports on the policy and procedure universe for risk leadership and committee oversight.
Coordinate and dispatch the monthly Chief Risk Officer report package, aggregate business-line inputs, and finalize reports for submission to Head Office.
Lead production of the quarterly EPS report by synthesizing Quarterly Risk Committee findings and coordinating inputs from Internal Audit, Finance, Corporate Strategy, and the Broker-Dealer subsidiary.
Serve as ERM Committee corporate secretary and governance lead by preparing agendas and meeting materials and recording official minutes.
Support the annual ICAAP, focusing on the Building Blocks framework.
Assist with review of capital stress model methodologies and assumptions, and support quantitative calculations and documentation.
Represent ERM on the bank’s AI working group to develop and implement the foundational AI Risk Management and Governance Framework.
Lead or contribute to cross-functional risk projects, regulatory remediation tasks, and strategic risk analyses as directed by leadership.
Oversee and enhance bank-wide Issue Management, including identification, root-cause analysis, remediation tracking, and validation of audit, regulatory, and self-identified issues.
Administer and manage the Archer GRC platform as business administrator/process manager, optimizing workflows, managing enhancements, and troubleshooting operational issues.
Participate in the annual review, calibration, and maintenance of the Risk Appetite Statement and risk limits.
Provide independent review and challenge during Risk Profile Assessments and risk identification exercises.
Update related procedures and provide training to relevant stakeholders.
Perform other duties outside normal responsibilities as needed.