Senior Manager, Enterprise Risk Management

1 week ago


Columbus, United States First Merchants Bank Full time
Job DescriptionJob Description

First Merchants Bank is seeking a Senior Manager, Enterprise Risk Management (ERM) to join our team This position will be responsible for leading, implementing, and directing the oversight of selected key elements of the ERM Program in order to successfully achieve and fulfill the program. Additionally, this position participates in the development of ERM policies, procedures and department objectives, and helps to serve as a control point. This individual will provide an objective risk perspective, provide creditable challenge to business line management to promote fully risk-informed decisions, and will be independent of such decision-making. Desired outcome is to achieve collaboration and communication at the executive and board levels to ensure management is risk-informed.

As part of this role you will:

  • Implement key elements of an effective Enterprise Risk Management program.
    • Help develop, maintain and/or review key ERM foundational documents, including among others the Risk Appetite Statement, ERM Policy, and ERM Framework.
    • Participate and assist in setting the agenda for the ERM Committee and Working Group, coordinate the collection and distribution of meeting materials, via Directors Desk, and facilitate discussion of risk events, risk drivers and emerging risks during committee meetings.
    • Continually reassess the viability and maturity of the RCSA program and reporting through peer discussion, continued education and examination feedback.
    • Lead, oversee and maintain the RCSA process, including coordinating with Lines 1, 2 and 3 (the three lines of defense) to ensure that the RCSA assessment is and remains complete, accurate and consistent with established definitions.
    • Oversee and maintain the development and update of quarterly enterprise-wide risk reports for Executive Management and the Board, including assisting 1st and 2nd line managers in identifying forward-looking key risk indicators, and monitoring and reporting adherence to the bank’s Risk Appetite.
    • Present risk trends, including comparison of risks to established limits and thresholds, to various risk management committees on a timely basis.
    • Oversee and maintain the KRI management lifecycle for the bank, ensuring effective and forward-looking risk indicators support the company.
    • Ensure the bank deploys and maintains effective risk issues management and risk events management programs and processes.
  • Review and provide risk expertise on various Line 1 risk assessments (such as for new products and services), standards and process change requests that require Line 2 input and consult throughout the year.
  • Support and consult with the Line 1 business and support units as management in these areas perform the Line 1 duties as part of the Three Lines of Defense. Advise Line 1 in ways such as providing analysis of risk trends and comparisons of risk indicators to established risk limits and thresholds and/or coordinating with risk owners to understand drivers and root cause of trends.
  • Lead, oversee and maintain the company-wide training program of ERM in order to cascade risk management concepts throughout the company in order to promote a strong risk management culture.
  • Assist as necessary in providing meeting reports and materials for the RCPC requirements.
  • Participate in meetings as a member, or attendee, of selected corporate risk management committees to facilitate and provide for continuous monitoring and credible challenge within the ERM Program. Membership duties may be assigned to one or more of the following risk committees:
    • Enterprise Risk and Management Working Group (chair)
    • Enterprise Risk Management Committee
    • Operational Risk Committee
    • Executive Retail Operations Committee
    • Asset Liability Committee
    • Credit Policy Management Committee
    • Information Security Committee
  • Participate on selected corporate project teams throughout the year and provide consultation and advice as part of the objective perspective from Line 2.
  • Implement and maintain the bank’s technology tools used to support the ERM Program (i.e. the Archer IM and ERM modules).
  • Perform ad-hoc risk analysis as requested by the Chief Risk Officer and the ERM committee.
  • Assist the Chief Risk Officer in bank acquisition due diligence and integration project management.
  • Participate in Regulatory and Audit related meetings/discussions for alignment of ERM related issues and recommendations.
  • Stay informed about regulatory requirements and mature industry practices relating to ERM, forward-looking risk indicators and other ERM program aspects.

To be successful in this position, we require the following:

  • Bachelor’s degree in business, management, law or related field of study OR an associate degree/ two years of college + two (2) years of related work/military experience ­OR four (4) years of related work/military experience (plus any additional required experience).
  • Over eight (8) years of banking experience.
  • Expert level Microsoft Excel user.

The following would be a plus:

  • Master’s degree.

First Merchants offers the following:

  • Base Pay PLUS Bonuses
  • Medical, Dental and Vision Insurance
  • 401k
  • Health Savings and Flexible Spending Accounts
  • Vacation/Sick Time
  • Paid Holidays
  • Paid Parental Leave
  • Tuition Reimbursement
  • Additional Benefits

A little about us:

First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.

Our Vision is:

To enhance the financial wellness of the diverse communities we serve.

Our Mission is:

To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.

Our Team:

"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."

Apply today to begin your career with us



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