VP Risk Manager

The VP Risk Management is responsible executing, due diligence, analyzing and reporting on the Company’s Enterprise Risk Management (ERM), Vendor Management, FDICIA (Internal controls over financial reporting), and Model Risk Governance program. This position reports to the SVP, Enterprise Risk Manager and will be expected to work closely with all aspects of the organization’s operational and executive leadership to assess, analyze. report and mitigate the high priority risks of the organization. The VP Risk Mgmt. is expected to exhibit a high degree of credibility and influence on all risk related matters.

The individual utilizes excellent analytical skills, written and verbal communication skills, and ability to communicate and report issues in a simple manner to reporting manager, management, C Suite executives and banks committees.

DUTIES:

ERM:

• Maintaining ERM tools and functions (policies, control documentation, assessments, metric reporting); and evaluating and assessing a set of risk metrics and reports.
• Reviews key performance indicators/metrics and assists management in the early identification of risk.
• Evaluate/Facilitate completion of annual risk assessments and annual risk appetite across the enterprise as required under the Risk Management program and regulatory requirements.
• Creates and delivers risk reporting presentations and activities of the ERM program to management and risk management committees and supports further risk reporting requests made by CRO and SVP, ERM.
• Utilizes excellent communication/influence skills to clearly communicate complex information both written and verbally, including reports; presentations; group facilitation skills; and the ability to develop strong professional relationships and networking internally/externally.

Vendor Management:

• Identifies, measures, and assesses risk associated with third party vendor relationships, and as needed, interacts with the business owners to identify or establish mitigation strategies of mitigate identified risks.
• Performs periodic validation of business owners monitoring activities in line with program requirements.
• Ensures that all required contracts on are file and have undergone proper legal and compliance reviews.
• Maintains a Bank wide vendor database capturing, categorizing, and risk rating vendors and their subcontractors, when appropriate;
• Updates Vendor Management policies, processes, workflows, technologies, and procedures as needed.
• Stays current of any Vendor Management regulatory requirements and changes as well as industry best practices that would influence the Vendor Management program.
• Interacts with business owners, as necessary, to assist in due diligence activities to include review of vendor financial performance, reputation reviews, business continuity plans/testing results, internal controls report (e.g. SSAE 18's), contract review, adequacy of insurance, SLA's and on-site vendor reviews, when warranted.
• Manage internal audit and examination requests related to Vendor Management Program.

Model Risk Governance:

• Manages the model risk governance policies and audit. Maintains model and risk related policies and standards; maintains model inventory.
• Leads the design, development, implementation and maintenance of a best practice model risk governance framework and policies across the Bank.
• Reports to senior management and Board committees on model risk issues.
• Monitors for new regulation and developments in relation to model risk management.

FDICIA Compliance:

Assist with FDICIA coordination with Internal Audit and Business Units.

QUALIFICATIONS:

• Bachelor’s degree in Business Administration, or a related field and 3+ years of experience in risk management, audit and banking.
• Advanced degree (e.g. MBA) and/or job-related certifications are preferred, but not required.
• Must have strong underlying knowledge of regulatory frameworks within federally or state insured depository institutions.
• Strong interpersonal, oral and written communication skills and the ability to partner with business owners as a risk and compliance subject matter expert for their business cases and /or other project related matters to Senior Management.
• Background in audit preferred.