Enterprise Risk Testing Officer

Bank of Hawaii • Honolulu, HI

4d

About The Position

Under the direction of the Manager, this position plans and performs independent testing of the Bank’s system of internal controls, proposes revisions to update and strengthens controls and control descriptions, and makes recommendations to enhance business unit processes. Responsibilities Supports the Bank’s Risk Culture : Supports a robust enterprise risk management culture, through demonstration of knowledge and experience, skillful and effective communication, and development of strong internal relationships. Knowledge and Expertise : Has and maintains an understanding of all consumer compliance laws and regulations that affect the Bank's operations and keep abreast of any regulatory changes. Also has and maintain knowledge of the Bank's products and services, and policies, procedures, and processes. Performs Enterprise Risk Testing (ERT) Reviews : Conducts testing of the controls to validate their effectiveness, and to confirm that the Bank has designed and implemented sound operational practices to manage its risks. Applies judgement to select the appropriate testing technique(s), sampling methodology, and sample size. Evaluates test results against established tolerance levels and thresholds to determine the effectiveness of the internal controls. Drives Continuous Improvement : Proposes revisions to update and strengthen controls and control descriptions, makes recommendations to enhance business unit processes, and drives continuous improvement in the Bank’s control framework. Identifies and documents issues and proposes or evaluates corrective action plans. Prepares Reports and Workpapers : For each reviewed area, prepares reports that clearly identify the scope, findings, any necessary corrective action to be taken by management, and an overall rating or opinion. Ensures that the test results are clearly documented and supported, and that workpapers are written and organized such that a third party can use the documentation to complete the same test and reach the same conclusions. Plans and organizes work, manages multiple tasks, sets objectives/goals, and reprioritizes as needed. Performs all other miscellaneous responsibilities and duties as assigned.

Requirements

• Bachelor’s degree from an accredited educational institution or equivalent work experience.
• Level I: Minimum 3 years of work experience in banking, audit, regulatory compliance or risk. Process improvement and/or project management experience.
• Level II: Minimum 5 years of work experience in banking, audit, regulatory compliance or risk. Process improvement and/or project management experience
• Level III: Minimum 7 years of work experience in banking, audit, regulatory compliance and/or risk management. Process improvement and/or project management experience.
• Familiarity with monitoring, testing, and risk assessment
• Demonstrated proficiency and expertise with personal computers in a networked environment and Microsoft applications (Outlook, Word, Excel, Access and PowerPoint) or similar software.
• Knowledge of or ability to use Bank systems and software.
• Knowledge of current accounting principles and practices, including internal control concepts.
• Demonstrated interpersonal, presentation, written and oral communication skills. Able to engage with all levels of the organization.
• Strong attention to detail and analytical skills.
• Self-starter, able to prioritize work to achieve the required objective in a timely manner.
• Able to identify and define problems; conduct research and analyze information and various situations relating to data management issues.
• Must be able to recommend and discuss solutions / alternatives to complex compliance issues clearly and concisely with any level of staff.
• Able to work flexible hours including holidays, weekends and evenings as necessary.
• As a Bank of Hawaii employee, you ensure (or assist with ensuring) compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act.

Responsibilities

• Supports the Bank’s Risk Culture
• Performs Enterprise Risk Testing (ERT) Reviews
• Drives Continuous Improvement
• Prepares Reports and Workpapers
• Plans and organizes work, manages multiple tasks, sets objectives/goals, and reprioritizes as needed.
• Performs all other miscellaneous responsibilities and duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees