Risk Officer (Operational) - Ford Credit Bank

Ford Motor • Salt Lake, UT

3d • $138,240 - $261,720 • Hybrid

About The Position

We are the movers of the world and the makers of the future. We get up every day, roll up our sleeves and build a better world -- together. At Ford, we’re all a part of something bigger than ourselves. What will you make today? Ford Motor Credit Company ("Ford Credit”), has received regulatory conditional approval to form Ford Credit Bank (the "Bank") to be headquartered in Salt Lake City, Utah. The Bank will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, and software and earn competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Motor Credit Company (“Ford Credit”), an indirect wholly owned subsidiary of Ford Motor Company (“Ford”). The successful candidate will be a member of an exciting and dynamic team of banking professionals who would have the opportunity to stand-up and begin the operations of the de novo Bank. New employees hired by the bank will initially be Ford Credit employees. Once the bank is formally established, these employees may be transferred to the new bank Come help build a better world, where every person is free to move and pursue their dreams. Ford was built on the belief that freedom of movement drives human progress. It’s a belief that has fueled our passion to create great cars and trucks. And today, it drives our commitment to become the world’s most trusted mobility company, designing vehicles for a smart world that helps people move more safely, confidently, and freely. Ford is experiencing significant business transformation in an ever-changing digital world. We are dedicated to delivering distinctive products and solutions, having an “always on” relationship with customers and continuously improving our user experience. In This Position... The Operational Risk Officer is responsible for assisting in the development, implementation, and ongoing maintenance of the bank's operational risk management framework. This role focuses on identifying, assessing, monitoring, and mitigating operational risks across all business lines and support functions. The Operational Risk Officer will work closely with various departments and stakeholders to ensure that operational risk management practices are embedded in day-to-day activities. This position requires a solid understanding of operational risk management principles, banking regulations, and internal control frameworks, as well as strong analytical and communication skills.

Requirements

• Bachelor's degree in Business Administration, Finance, Accounting, or a related field.
• [Number] years of experience in operational risk management, internal audit, compliance, or a related field within a banking or financial services environment.
• Solid understanding of operational risk management principles, banking regulations, and internal control frameworks.
• Experience with risk assessments, control testing, and loss data analysis.
• Strong analytical, problem-solving, and decision-making skills.
• Excellent communication, interpersonal, and presentation skills.
• Proficiency in Microsoft Office Suite.

Nice To Haves

• Relevant certifications (e.g., CROA, FRM, CIA) are a plus.

Responsibilities

• Operational Risk Management Framework: Assist in the development, implementation, and maintenance of the bank's operational risk management framework, aligning with regulatory requirements and industry best practices.
• Contribute to the development and maintenance of operational risk policies, procedures, and standards.
• Promote awareness of operational risk management throughout the organization.
• Support the ongoing review and enhancement of the operational risk management framework.
• Risk Identification and Assessment: Work with departments to identify and assess operational risks, including risks related to processes, systems, people, and external events.
• Conduct risk assessments and gap analyses to identify weaknesses in controls.
• Facilitate risk workshops and other forums to gather information on operational risks.
• Maintain a risk register to track identified operational risks.
• Control Monitoring and Testing: Assist in the development and execution of control monitoring and testing programs to assess the effectiveness of operational risk controls.
• Review control documentation and testing results to identify control deficiencies.
• Track and monitor remediation efforts for identified control weaknesses.
• Provide guidance to business units on control design and implementation.
• Loss Data Collection and Analysis: Collect and analyze operational loss data to identify trends and patterns.
• Investigate significant operational loss events to determine root causes and contributing factors.
• Develop and implement corrective actions to prevent future loss events.
• Maintain a database of operational loss events.
• Scenario Analysis: Assist in the development and execution of scenario analysis exercises to assess the potential impact of operational risks.
• Facilitate scenario workshops with business units to identify potential loss events and assess their impact.
• Document scenario results and develop action plans to mitigate identified risks.
• Regulatory Compliance: Assist in ensuring compliance with all applicable operational risk regulations and guidance.
• Support the preparation of regulatory reports related to operational risk.
• Participate in regulatory examinations and internal audits related to operational risk.
• Stay abreast of changes in operational risk regulations and industry best practices.
• Reporting and Communication: Prepare and present reports on operational risk exposures, performance, and compliance to management.
• Communicate operational risk issues and concerns to relevant stakeholders.
• Provide training and education on operational risk management to bank staff.
• Participate in risk management committees and working groups.
• New Product and Service Risk Assessments: Participate in the review of new products and services to identify potential operational risks.
• Conduct risk assessments of new products and services and recommend appropriate controls.
• Ensure that new products and services are implemented in a manner that mitigates operational risks.

Benefits

• Immediate medical, dental, vision and prescription drug coverage
• Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
• Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
• Vehicle discount program for employees and family members and management leases
• Tuition assistance
• Established and active employee resource groups
• Paid time off for individual and team community service
• A generous schedule of paid holidays, including the week between Christmas and New Year’s Day
• Paid time off and the option to purchase additional vacation time.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level