Risk Officer

JOB FUNCTION / SUMMARY:

Risk Officers are members of the Enterprise and Operational Risk Management (ERM & ORM) unit in Corporate Risk, this position is primarily responsible for developing and implementing corporate risk management practices to identify, assess and mitigate significant risks to the Company. Additionally, this position partners with lines of business (LOB) and corporate support units (CSU) to proactively identify and understand sources of potential future risks and facilitate appropriate management actions.

ESSENTIAL DUTIES & RESPONSIBILITIES:

Facilitate or perform risk assessments with LOB/CSU management by conducting research, leading risk workshops and meetings, reviewing documentation, and evaluating controls and risk levels; establish a comprehensive understanding of risk profile in business environment, and prepare summary and analytical reports according to the Company’s risk program methodologies. Some reporting includes: Risk Controal Self-Assessments (RCSA), Enterprise and Emerging risk.

Assist in development, or evaluate adequacy, of risk mitigation action plans, monitor progress and escalate issues or delays

Provide thought leadership and assist in development or refinement of risk program methodologies; draft supporting policy and procedure; prepare and deliver training; operate / administer ongoing procedures as required

Provide subject matter expertise on the Company’s risk framework, and guide LOB/CSU management to effectively implement practices in accordance with the Company’s Risk Program methodologies

Support risk leadership to operate risk committees and working groups

Utilize Risk MIS systems including GRC platform (Governance, Risk and Compliance) and SharePoint, define workflows, and perform administration as needed

Provides guidance and support in administering the GRC tool, SharePoint site, risk data analytics, Issue Management updates, reporting and verification of closure and miscellaneous reporting, etc.

Collaborate with other corporate risk functions such as Compliance, IT Risk and Audit to streamline and align risk management practices

Attend continuing industry education courses and conferences as requested by management, which may be remotely or in person depending on availability and cost/benefit to the Company

Provides project management support for LOB projects which have significant risk.

Act as the liaison for other second lines of defense in assessing risk and ensuring project implementations meet desired risk reduction goals.

Support Risk leadership in meeting with and reporting / responding to pertinent audit and regulatory bodies pertaining to Risk Program activities

Stay abreast of and remain in compliance with all applicable regulatory guidelines that apply to these functions

Participate in all applicable committees as assigned as a member and/or participant to insure knowledge relative to these activities is communicated to all levels of management.

Remain in tune with industry best practices in regard to all functions

SUPERVISORY RESPONSIBILITIES:

None

MINIMUM REQUIRED EDUCATION, EXPERIENCE & KNOWLEDGE:

Bachelor's degree required. Master's degree preferred

5 years related experience; or equivalent combination of education and experience required; eight to ten years related experience preferred

Understanding of risk management framework concept and approaches, such as Basel II / III, COSO, ISO, COBIT, etc. required

Relevant certification(s) from industry associations such as ABA, AICPA, GARP, IIA, ISACA, RMA, etc. preferred

ESSENTIAL MENTAL & PHYSICAL REQUIREMENTS:

Ability to travel if required to perform the essential job functions

Ability to work under stress and meet deadlines

Ability to operate related equipment to perform the essential job functions

Ability to read and interpret a document if required to perform the essential job functions

Ability to lift/move/carry approximately 10 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division an “undue hardship” then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.