First Line Risk & Control Manager - RCSA

Western Alliance Bank•Phoenix, AZ

About The Position

First Line Risk & Control Manager - This role is a first line of defense risk professional responsible for support and/or execution of various risk programs and Business Unit (BU) risk activities in adherence with the Company's Risk Appetite and Corporate Strategy. This role is responsible for engaging with the BU in management of risks and controls across all risk types, monitoring execution of risk policies, procedures, and/or program requirements, to effectively manage risks, and serving as an effective communication channel between the Risk Management Department and business units. Drive the preparation and execution of the Risk and Control updates / refresh (for low to moderate complex business functions) through collection of data from various sources as defined in desktop procedures. Develop a plan to ensure timely execution of risk management processes with business stakeholders; ensure common understanding of activities and milestones with all parties involved. Review policies and procedures to document process maps, risks and controls, and narratives and/or guide analysts in this activity. Identify and confirm risks and controls in processes under review including the drafting of risks and controls in line with standards. Guide assessment of control environment and determining effective risk mitigation or identification of gaps. Support and/or guide conversations with risk subject matter experts about the context and/or severity of risk factors and/or issues including areas such as third parties / vendors, issues, regulatory or legal matters, etc. Conduct / oversee meetings with clear objectives, outcomes, and follow-up items. Understands of the department's role in risk management and communicate the importance of different stakeholders and risk management in general. Maintains all required documentation per Procedures and Standards to showcase progress and completion of risk & control inventory and RCSA activities. Lead and develop a team; responsible for hiring, coaching, performance management, training and development.

Requirements

7+ years of related experience or similar field
Bachelor's degree in related field required
Previous leadership experience required
Advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services
Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices
Advanced experience in Compliance, Operations Management, Audit, Risk Management, or related field
Advanced analytical skills to determine key areas of focus, summary of meetings and key decisions and actions
Advanced knowledge of and experience in documenting process maps in process mapping software
Advanced experience identifying risks and controls in processes and performing/guiding risk and control self-assessments and other risk management activities
Expert speaking and writing communication skills

Responsibilities

Support and/or execution of various risk programs and Business Unit (BU) risk activities in adherence with the Company's Risk Appetite and Corporate Strategy
Engaging with the BU in management of risks and controls across all risk types
Monitoring execution of risk policies, procedures, and/or program requirements
Drive the preparation and execution of the Risk and Control updates / refresh (for low to moderate complex business functions) through collection of data from various sources as defined in desktop procedures
Develop a plan to ensure timely execution of risk management processes with business stakeholders
Review policies and procedures to document process maps, risks and controls, and narratives and/or guide analysts in this activity
Identify and confirm risks and controls in processes under review including the drafting of risks and controls in line with standards
Guide assessment of control environment and determining effective risk mitigation or identification of gaps
Support and/or guide conversations with risk subject matter experts about the context and/or severity of risk factors and/or issues including areas such as third parties / vendors, issues, regulatory or legal matters, etc
Conduct / oversee meetings with clear objectives, outcomes, and follow-up items
Maintains all required documentation per Procedures and Standards to showcase progress and completion of risk & control inventory and RCSA activities
Lead and develop a team; responsible for hiring, coaching, performance management, training and development