Senior Director, Internal Controls & Remediation

Octane•Irving, TX

1d•$180,000 - $195,000

About The Position

Octane is unlocking the power of financial products for merchants and consumers. Our cutting-edge technology and innovative financial products empower businesses with more control and flexibility, enabling them to deliver seamless digital experiences, drive customer loyalty, and build long-term value. Octane supports merchants throughout the sales cycle: connecting dealerships with high-intent buyers, driving transparent, fast, and easy closings with award-winning technology, and providing on-going customer care with superior loan servicing. Founded in 2014, Octane supports over 60 OEM partner brands and over 4,000 dealer partners, and has a team of over 600. Visit www.octane.co for more information. We are seeking a proven senior risk director to fill the role of Sr. Director Internal Controls and Remediation at Octane. This role will be the senior role in the ICR team, and will require deep experience in lending, risk management, process controls management and team leadership. The role will focus on Octane’s compliance to regulation and minimization of Operational Risk. In this role, you will be managing multiple teams responsible for cross-functional projects across their full lifecycle from initial scoping to submission for closure with the 2nd Line of Defense. This includes identifying the correct stakeholders, clarifying the process problem or compliance gap, root cause analysis, capturing business requirements, translating them into functional requirements, and managing the approved project remediation plan with dates that include time for resolution and control and sustainability testing. In special cases, this will also include mentoring new Process Owners after the project has been delivered.

Requirements

15+ Years of experience in a financial institution with focus on Risk, Controls, Governance, and Compliance.
Proven Cross functional Project and Process management required.
Strong understanding and depth of experience in installment lending required.
BS in a quantitative field required, with Master’s Degree preferred.

Nice To Haves

Leadership experience in self-assessments like process and regulatory RCSAs.
Key understanding of the 3 Line of Defense COSO model.
Experience managing multiple projects cross functional projects and people.
Certification in Risk, Compliance, 6 Sigma and/or Project Management preferred, but can be earned in role.

Responsibilities

Manage a team of analysts and managers responsible for cross-functional Self-Identified Issues and Risk Event projects from the time they are reported, through to completion and closure, while ensuring projects remain on track and appropriately prioritized by risk level.
Leverage existing knowledge of Consumer Lending regulations and industry standards to provide guidance to business partners on compliant and efficient operations.
Mentor and develop junior team members into strong senior performers.
Enhance the existing team process flow and methodologies.
Prepare and present materials to senior management and enterprise level stakeholders, adapting messages to different audiences, including ongoing training on compliance and operational risk management.
Lead and facilitate project scoping meetings, identify the specific approvers, stakeholders, and subject matter experts needed to come together to resolve the problem.
Lead discussion to encourage business teams to deeply consider the problem, its root causes and adjacencies to design the best solution. As needed, drill down on the process map and the business understanding of automated and manual handling, and clarify how well the business team understands its process and any controls that already exist.
During project planning, evaluate solution options with and assign accountable milestone owners.
Define concise business requirements covering policies, code, and workflows. Include automated controls, identify related projects or impacts, and obtain appropriate approvals.
During execution of the plan, track dependencies, update plans, and quickly escalate risks or resource issues to keep the project on schedule.
Manage project testing, including working with business teams and software engineers to test new or improved artifacts or code. Gather evidence of upgrades, changes, and specific test results during the cycle to package for submission for closure.
Take on Shared Process Ownership as assigned with an end to mentor new Process Owners to the capability level needed to keep the process operating in control after the project delivery.
Evolve monitoring and reporting of various projects to strengthen process control and focus of new process owners.