About the Role
The Risk and Compliance Officer supports execution of the Bank's Integrated Risk Management framework and is expected to work with business units to identify, assess, monitor risks through leveraging risk assessments, KRIs, training and governance and leadership reporting.
Key Responsibilities And Duties
Supports the development, implementation, and maintenance of the risk frameworks, policies, and procedures.
Participates in risk governance committees and prepare documentation as needed.
Conducts risk assessments across business lines, identifying emerging risks and control gaps.
Performs ongoing monitoring of key risks and controls within their assigned lines of business.
Performs routine analysis, conducts interviews and develops regular reporting in order to identify emerging risks to create recommendations to enhance control environments and create risk mitigation strategies.
Coordinates and contributes to quarterly enterprise risk reports for executive management and Board Risk Committee.
Assists assigned lines of business with completing various types of assessments and testing including trigger-based testing, RCSAs, including review, challenge, and validation
Supports scenario analysis, risk appetite monitoring, and key risk indicator (KRI) tracking.
Liaises with business units and support functions to ensure consistent application of risk management practices.
Provides support to risk and compliance leadership for regulatory examinations, audits and ad-hoc board requests
Requirements
Minimum Qualifications
- 5 years of experience in compliance or enterprise risk management
- 2+ years of in-depth understanding of third-party risk domains, including operational, financial, strategic, compliance, reputational, and cyber/information security risks, preferably in a consulting
- Expertise in vendor lifecycle management processes, including onboarding, risk assessment and due diligence, contracting, ongoing monitoring, and offboarding
- Proficiency in risk assessment methodologies, risk scoring models, concentration risk analysis, and fourth-party risk management; familiarity with TPRM platforms such as ServiceNow VRM, Archer, ProcessUnity, OneTrust and Aravo
Preferred Qualifications
- 7 years of experience in compliance or enterprise risk management
- Bachelor’s degree; MBA or related advanced degree strongly preferred
- Strong knowledge of vendor contract management, SLA development, and regulatory requirements, including OCC Bulletin 2013-29, FFIEC guidance
Educational Requirements
- University (Degree) Preferred
Physical Requirements
- Physical Requirements: Sedentary Work
About the Company
We’re a premium performance banking partner. A specialty bank that delivers reliability, security and deep expertise in the form of high-value products and services to consumer and commercial clients across the nation online or at our financial centers in Florida and California. We’re committed to ensuring your money reaches its greatest potential. As a client, you will always have the advantage.