First Line Risk & Control Manager

Moneycorp•Stamford, CT

7h•Hybrid

About The Position

Moneycorp powers global payments for corporates, institutions and high net worth individuals, combining worldwide reach with local expertise. With over 45 years of market experience, two banking licences and offices in 11 countries, our technology delivers 24/7 accessibility, while our people deliver award-winning service. In 2024, we supported $1tn+ of payment volume, reaching 190 countries in 130 currencies. Our 32k+ corporate clients benefit from our regulatory resilience with 63+ permissions globally, access to major payment rails, and our proprietary technology. Moneycorp is a place where energy, commitment, and collaboration are core to our values of shared success. We’re restless in our drive to surpass the expectations of our customers and unlock opportunities to support them at every stage of their journey. The foundation of our success is our people, and nurturing a culture of belonging for all our colleagues is central to our journey as a global business. In North America, our offices are in Stamford, Orlando, Providence, and Toronto. We are licensed to operate in each US State, and in Canada at the Federal level we are registered with FINTRAC and at the Provincial level in Quebec. Role Purpose: We are looking for a First Line Risk and Control Manager to join the US Bank as part of the Global FLRC team, ensuring the effectiveness, sustainability, and strategic alignment of non-financial risk and control framework and processes across the organization. This replacement role will involve developing, implementing, and optimizing the control environment to enhance accountability, transparency, and efficiency in managing non-financial risks in the 1st Line of Defence. The First Line Risk and Control Manager will be responsible for assisting in the development, oversight and management of the risk and control environment within the first line of defence. This role involves assisting with identifying, assessing, and mitigating risks; identifying and assessing controls; remediating internal and external identified issues and findings and ensuring the first line comply with internal policies and regulatory requirements.

Requirements

Minimum of 7 years of experience in risk management, internal audit, or a related field.
Strong understanding of risk and control frameworks, including the three lines of defence model.
Strong analytical and problem-solving abilities.
Proficiency in data analysis tools and technologies, including experience with process automation.
Happy collating data and writing supporting commentary for an executive audience.
A consultative style with the ability to work collaboratively across all business units and establish credibility quickly.
A self-starter, able to work independently and make prioritisation decisions.
Strong communication and interpersonal skills.
Bachelor's degree in Finance, Business Administration, Risk Management, or a related field.

Responsibilities

Assist in the identification and assessment of risks within the US Bank, ensuring that all potential risks are documented and evaluated, and assisting in implementation of the new RCSA framework.
Assist in the design / identification, implementation, and maintenance of effective controls to mitigate identified risks. Assist in the identification of control gaps or where control enhancements may be required. Ensure that controls are embedded within business processes, documented and evaluated regularly.
Assist in the design of control monitoring and report on the effectiveness of controls and on risk and control metrics to senior management. Provide regular updates on the risk landscape and control environment.
Promote greater first line ownership of risk management activities alongside championing a strong risk culture.
In conjunction with the impacted team(s), ensure Root Cause Analysis is conducted, and appropriate remediation activities are identified and implemented.
Ensure compliance with internal policies, procedures, and regulatory requirements. Work closely with compliance and audit teams to address any issues or findings.
Provide support to auditees in designing and developing appropriate tactical and strategic Management Action Plans to remediate risks identified in a timely manner, with the appropriate level of governance and oversight.
Develop and deliver training programs and guidelines to enhance risk awareness and control understanding among front-line colleagues.
Collaborate with second and third lines of defence, to ensure a cohesive approach to risk management.
Identify opportunities for process and control improvements and implement changes to enhance the risk and control framework.