First Line of Defense Risk Officer- Lending Units

BankUnited-posted 10 months ago
Remote • Miami Lakes, FL
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The First Line of Defense Risk Officer- Lending units (FLODROLU) is responsible for primarily supporting the risk management activities carried out by the Business Risk and Control department while also supporting the assigned Lines of Business. The FLODROLU will assist in identifying, evaluating, and monitoring numerous risk taxonomies as it relates to the various strategic initiatives undergone by the Bank. This role works closely with front-line bankers and the lending lines of business personnel to execute this mandate.

  • Establish and maintain front-line unit policies and other non-risk specific policies.
  • Identify and propose risk limits, Key Risk Indicators (KRIs), and Key Performance Indicators (KPIs).
  • Develop processes for risk limit breaches, ensuring swift escalation and governance.
  • Identify and assess risks associated with business unit activities.
  • Map identified risks to a taxonomy/registry of standard risks for streamlined risk management.
  • Continuously monitor front-line unit's risk limits and associated KRIs.
  • Regularly assess the effectiveness of business controls by leading Risk Control Self-Assessment (RCSA), Business Continuity Planning, Business Impact Analysis, S.W.A.T Analysis and report any deficiencies.
  • Work with Sr. Data Analyst to identify trends, breaches, and anomalies within the risk framework.
  • Provide timely reporting of any identified breaches and their impact on operations.
  • Collaboration with 2LOD (ERM, ORM, Fraud, Compliance, Business Continuity etc.) and 3LOD (Internal Audit and Credit Review): Act as the primary liaison with the Second Line of Defense (2LOD) and Third Line of Defense (3LOD), ensuring effective communication and collaboration on risk-related matters.
  • Provide requested supporting documentation and evidence to 2LOD and 3LOD teams to assist in risk assessments, audits, and other evaluations.
  • Incorporate feedback from 2LOD and 3LOD into daily operations to enhance risk management practices and ensure alignment with overall risk governance objectives.
  • Issue and oversee the development of remediation plans where necessary.
  • Support the ASI team and assigned Line of Businesses in carrying out its responsibilities and mandates.
  • Prepare and maintain complete documentation of risk control processes and methodologies.
  • Collaborate and work with stakeholders in coordinating monthly 1LOD Operational Risk Reporting, which includes data analytics and risk management activities through GRC tool.
  • Provide input and ongoing feedback with respect to the development of all risk management activities, including in-business monitoring and testing.
  • Ensure all written and verbal communications initiated by the team are professional, clearly spoken and written, consistently, and accurate.
  • Build cohesive relationships with various departments and key individuals across the organization.
  • Confer and cooperate with appropriate internal departments to ensure coordination of activities meets strategic objectives for Bank.
  • Work independently while functioning collaboratively as part of a larger team.
  • May be required to travel within the branch network and Corporate Headquarters.
  • Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).
  • Adheres to Bank policies and procedures and completes required training.
  • Identifies and reports suspicious activity.
  • Bachelor's Degree in Business Administration, Finance or related field.
  • 5 - 7 years related experience and/or training or equivalent combination of education required.
  • Financial services experience that includes experience in the areas of Risk Management, Data Analytics, Project Management is preferable.
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