Enterprise Risk Manager

Company Description

For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people. Here at IDB, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.

Job Description

The Enterprise Risk Manager will report directly to the Head of Enterprise Risk in the NYC Corporate Office and will be a significant contributor to the success of the Enterprise Risk Management Department, supporting all aspects of the enterprise-wide risk management program. 

Overall responsibilities include facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk management issues and developing methodologies for the assessment of risks throughout the organization.  Applying creativity to continually improve the usefulness and efficiency of Enterprise Risk Management reports to help management evaluate important trends and risk indicators from available data. You will observe, listen, ask questions, and truly understand the business. You will build strong business relationships with key stakeholders and business partners to advance our agenda to understand and control risk. You will use sound judgment to escalate any challenges to the Head of Enterprise Risk in a constructive and effective way.

This role will require communicating with individuals throughout the institution regarding risk practices and emerging risks in various business units, as well as acting as a consultative resource to the first and second lines of defense, proactively contributing to oversight and governance initiatives to minimize the business’s exposure to risk by overseeing that our business partners are operating in a well control manner and in accordance with policies and procedures.

Responsibilities:

·         Helping perform comprehensive and well thought-out quantitative analyses and justifying the results and ERM’s conclusion in a logical manner.

·         Keeping up-to-date with the industry best practices and new regulations.

·         Perform other duties and special projects as assigned.

·         Contribute towards the design, development, implementation, and execution of the ERM Framework in order to enhance an effective risk-based system to identify, measure, monitor, and control enterprise-wide risks.

·         Disciplined attention to detail while utilizing strong project management experience and analytical skills on collected data, are necessary to provide quality assurance of output and reporting. You will generate appropriate reports for use in communicating status to management and oversight committees.

·         Build, maintain, and enhance business relations with department and business stakeholders for the smooth implementation of risk management activities across the organization. Stakeholders also include regulators and external / internal auditors.

·         Assist in identifying, monitoring and analyzing risks within the company's business units, products, services and delivery channels.

·         Apply sound judgment in evaluating risks and controls.

·         Assist in performing and managing various risk assessment processes to identify current and emerging risks.

·         Support maintenance of ERM policies, procedures, and standards consistent with regulatory guidance.

·         Ensure accuracy and completeness in all manner of documentation and reporting

·         Engages in continuous knowledge development by participating in educational opportunities; maintaining professional accreditations; reading professional publications; participating in professional organizations.

The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:

• Those with a known mental or physical disability.
• Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
• Victims of domestic violence, sex offenses or stalking.
•  Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual’s accommodation needs; potential accommodations that may address the individual’s accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.

The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.

Qualifications

·         At least 10 years of work experience in risk management, Internal Audit, or risk management for a financial institution, consulting firm, or regulatory agency.

·         Must have excellent written, verbal, organizational and presentation skills.

·         Collaborative team player and demonstrated ability to be flexible and easily shift among various tasks and projects.

·         Knowledge of credit, liquidity, market, model, vendor, data and capital risks is a plus.

·         Advanced knowledge of MS Office Software Suite (Word, Excel, PowerPoint).

·         A sound understanding of finance/ accounting/ business operations.

·         Ability to understand sound risk/reward decisions.

·         Ability to consciously balance data, logic and intuition in all activities.

·         Ability to think broadly, generate simple and creative ideas, and to translate strategy to execution.

·         Self- motivated and able to work effectively both independently and as a team.

·         Looking at the details and notice things that others don't. Your critical thinking skills help to inform your decision making.

·         Knowing that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to create a shared vision.

·         Seeking out innovative solutions and embrace evolving technologies. Not only can you easily adapt to new tools and trends, but you can coach and spread your knowledge to other team members.

·         Enjoy investigating complex problems and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.

·         Possess a strong risk and control mindset.

·         Excellent attention to detail, analytical and organizational skills.

·         A self-starter with ability to prioritize workflow to ensure deadlines are met and ability to function efficiently under pressure.

·         Knowledge of commercial banking, broker dealer and private banking is beneficial.

·         Understanding of the ERM Framework, three lines of defense structure and the COSO guidance on internal controls and fraud prevention.

·         Ability to work with management to understand risk appetite, tolerances, and impact of changes to risk profiles.

·         Perform quality work within determined timeframes.

·         Interact professionally with other employees, customers, vendors, and shareholders.

·         Work effectively as a team contributor on all assignments.

·         Work independently while understanding the necessity for communicating and coordinating work efforts with other employees, departments, divisions, etc.

·         Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.

Compensation

The expected annual salary for this position is between $160,000 and $200,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.

Additional Information

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

All your information will be kept confidential according to EEO guidelines.

Due to COVID-19, we are now operating on a hybrid schedule. We value the safety of our employees because we’re all in this together.

NO AGENCIES PLEASE.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.