Director of Operational Risk Management

21 hours ago


Mechanicsburg, Pennsylvania, United States Randstad Full time
Job Description

Randstad is partnering with a growing financial institution to hire a Director of Operational Risk. This role will play a key part in implementing and leading the association's operational risk management program.

Key Responsibilities
  • Operational Risk Management Program Development: Oversee the development and maintenance of the organization's Operational Risk Management Program, including risk, control, and process taxonomies, risk and control matrices, detailed test procedures, risk and control self-assessments, controls frameworks, and issue management.
  • Risk Identification and Mitigation: Identify operational process gaps and risk trends, working with lines of business, technology, compliance, legal, and other partners to develop risk mitigation strategies and ensure proper risk oversight and infrastructure to measure, monitor, and control such risks.
  • Independent Control Testing: Manage independent control testing of ICFR and compliance with ICFR frameworks and policies, escalating major risks and issues to management.
  • Credit Risk Assessment: Manage independent assessment of credit risk for the Association's loan portfolio, identifying and escalating credit rating changes as appropriate, and presenting findings and assessment results to management.
  • Model Risk Management: Oversee and manage the Model Risk Management program, including compliance with model program guidelines, maintaining model inventory, monitoring compliance with model governance activities, working with model owners to remediate/monitor exceptions, issues, and findings as part of model governance procedures, and providing training related to model risk management on an annual basis.
  • Enterprise Risk ID Process: Support ERM in running the enterprise risk ID process.
  • Risk Reporting: Assist in producing Board and management risk reports as needed.
Requirements
  • Operational Leadership: 8 years of experience in operational leadership.
  • Risk Management: Experience in risk management, risk audit, operational and strategy alignment, risk mitigation, operational efficiency improvement, operational improvement, and operational audit.


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