Operational Risk Management Director

5 days ago


Plainfield, Indiana, United States First Merchants Bank Full time
Job Title: Director, Operational Risk Management

First Merchants Bank is seeking a highly skilled and experienced Director, Operational Risk Management to lead our Operational Risk Management program and ensure the bank's risk management culture is strong and effective.

Key Responsibilities:
  • Define and Implement Operational Risk Management Program: Develop and maintain the Operational Risk Management program aligned with industry best practices and regulatory requirements.
  • Operational Risk Assessment and Mitigation: Identify and assess operational risks associated with the bank's business activities, products, and services, and develop strategies to mitigate these risks.
  • Leadership and Oversight: Serve as chair of the Operational Risk Committee (ORC) and provide leadership and oversight for operational safety/soundness.
  • Key Indicators (KI) Program: Oversee the KI program for the bank, ensuring a review of key indicators with the respective owning business units on an annual basis.
  • Operational Risk Event Remediation: Provide guidance regarding operational risk and loss events, and ensure event remediation and corrective action plans are determined and properly documented and reported.
  • New/Revised Products and Services Risk Assessment: Manage the risk assessment for new/revised products and services impacting all relevant projects.
  • ERM Dashboard: Provide oversight and management of the collection of KI metrics for an Enterprise Risk Management (ERM) dashboard to track and manage key performance indicators and key risk indicators.
  • Internal Fraud Team Support: Provide general supervision and support for the internal fraud team, including strategic advancement of fraud prevention and detection techniques.
  • Operational Risk Discussions: Guide and lead operational risk discussions for larger high-risk projects, including integration risks.
Requirements:
  • Education: Bachelor's degree in risk management, finance, economics, or a related field of study.
  • Experience: A minimum of eight (8) years of risk management related banking experience, including a minimum of five (5) years leading a team of risk assessment professionals.
Preferred Qualifications:
  • Operational Risk Management Knowledge: Extensive knowledge and application of operational risk management concepts.
  • Risk Assessment and Mitigation: Experience in assessing risk and translating findings into actionable plans.
  • Communication and Analytical Skills: Ability to write professional and concise risk management summaries, and proficiency in Microsoft Word, Excel, and PowerPoint.
  • Organizational and Analytical Skills: Strong analytical skills with an attention to detail, and ability to organize and analyze data.
  • Integrated Risk Management System/Software/Solution Experience: Experience with Integrated Risk Management System/Software/Solution.
About First Merchants Bank:

First Merchants Bank is a financial organization 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. Our Vision is to enhance the financial wellness of the diverse communities we serve, and our Mission is to be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.



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