Operational Risk Manager

Main Office:800 Philadelphia Street, Indiana, PA 15701

Work Days and Expected Hours:

Monday-Friday: 8:00 AM to 5:00 PM

(Additional hours as necessary to meet the objectives of the department).

Function: Responsible for contributing to the execution of regulatory risk management programs. The core programs under the purview of this position include Third-Party Risk Management, Model Risk Management, Regulatory Change Management, Enterprise Fraud Risk, and Policy Formation and Administration.

Duties and Responsibilities:

• Third-Party Risk Management (TPRM) Program

  • Contributes with administration of TPRM corporate policy and procedures.

  • Executes the existing framework and guidance in the assessment, measurement, monitoring and control of risks related to third-party relationships.

  • Researches and ensures compliance with applicable laws and regulations.

  • Designs and prepares TPRM program status reports and performance metrics for Information Security Committee meetings.

  • Prepares Board Risk Committee and Enterprise Risk Management Committee (ERMC) program status reports.

• Model Risk Management (MRM) Program -

  • Contributes with administration of MRM corporate policy and procedures.

  • Executes the existing MRM framework associated with identified models in use throughout organization.

  • Implements effective challenge in conjunction with assigned independent model validation activities.

  • Prepares Board Risk Committee and ERMC program status reports.

• Regulatory Change Management (RCM) Program -

  • Contributes with administration of RCM policy and procedures.

  • Serves as a resource for execution and administration of program objectives.

  • Represents the Risk Management Department in a collaborative manner regarding periodic change management meetings with business line management.

  • Recommends opportunities to integrate the RCM program results into the ERM assessment process.

  • Prepares Board Risk Committee and ERMC program status reports.

• Enterprise Fraud Risk (EFR) Program -

  • Contributes with administration of EFR policy and procedures.

  • Engages with the Director of Operational Risk regarding the ERM Operational Risk assessment and activities associated with the EFR program.

  • Represents the Risk Management Department in a collaborative manner regarding periodic Bottom Up risk assessment meetings with business line management.

  • Summarizes results associated with evaluating identified fraud risks, associated control activities and holistic measurement of the EFR Program maturity.

  • Prepares Board Risk Committee and ERMC program status reports.

• Policy Formation and Administration (PFA) -

  • Contributes with administration of PFA policy and procedures.

  • Reviews and makes recommendations to Risk Management Leadership insights related to the second line review of new or amended S&T policies for applicability and appropriateness of content.

  • Supports the Risk Management Department's control over S&T policy documentation to ensure the integrity, accuracy and appropriate archival of information related to policy governance.

• Ad hoc Responsibilities -

  • Supports the Director of Operational Risk with preparation and understanding of material associated with Risk Management's membership on various management committees.

  • Executes on the successful completion of projects periodically assigned by the Director of Operational Risk.

  • Contributes with the assessment of SOX controls attributable to the programs managed by the Risk Management Department.

  • Establishes guidance, training and mentoring to employees in conjunction with the respective programs.

  • Maintains a good working relationship with bank employees.

  • Highly motivated to work independently. Possesses a strong ability to work as a team player while motivating others to do so in order to contribute to the success of the Risk Management Department as well as the organization.

• Performs additional duties as required.

Physical Demands

Operates a keypad device 80% of the day and operates office equipment 5% of the day. The primary parts of the body involved in performing these tasks are the fingers, thumbs, hands, wrists, elbows, and legs. Standing is required 5% of the day, sitting is required 90% of the day, walking is required 5% of the day and is slow in speed. Specific vision requirements include close vision of 18"- 20" for computer work 40% of the business day. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Education

Requires a four-year college degree, with major or area of specialization in Business Administration or related business discipline. Must maintain a relevant certification in the Risk Management discipline.

Experience

Requires ten years of general banking experience plus five years specialized knowledge of one or more Enterprise Risk categories or Programs. General knowledge of risk management best practice approaches and regulatory laws preferred.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

Salary Range: