This position will support the maintenance and implementation of the RCSA Policy with a focus on associated risk governance processes including maintenance of related standards, procedures, and playbooks; technology solution management; and guidance and training for impacted stakeholders. The position will evaluate the RCSA process for alignment and consistency across all assessment units, results, and documentation. The position will also collaborate with other lines of business to manage and coordinate the implementation of the RCSA processes, associated assessments and other reporting that are in line with goals and objectives.
Position Responsibilities:
Maintenance of RCSA Policy Documentation
Maintain regular updates to the Policy and associated procedures to 1) ensure alignment with regulatory expectations and industry standards; 2) define common expectations across all Lines of Business and risk pillars; and 3) summarize risk governance and oversight processes by Line of Business and risk pillar.
Identify opportunities for improved alignment with the ERM Framework and related policies within first and second lines of defense and make recommendations.
Maintain change control processes and procedures for assessment units, policy or procedure enhancements and make recommendations to changes for streamlined governance and reporting.
Enterprise Risk RCSA Governance
Conduct governance documentation reviews.
Make recommendations to ECORM management on proposed updates or alignment across RCSA solution, processes, policies, and all other governance documentation as applicable to streamline process and ensure consistency.
Manage various Enterprise Risk RCSA governance processes including governance document notifications, procedure and playbook alignment and tracking, assessment unit change control, governance reporting and analysis, etc.
Make recommendations for ad hoc reporting as necessary to support Enterprise Risk RCSA Governance processes for various Committee and Board updates as directed by SVP, ERRC.
Reporting and coordination of RCSA Governance Documentation
Perform review, analysis, and consolidation of reporting at enterprise level for RCSA governance and results.
Support maintenance and review of RCSA templates, coordinate quarterly reporting to executive management and related committees.
Support development, maintenance and coordination of dashboard and other presentation reporting for relevant Committees.
Other Ad Hoc Projects and Support
Provide input, feedback, and challenge to various stakeholders as requested for alignment with RCSA process.
Other Ad hoc reporting and projects as necessary.
Position Qualifications:
Bachelor's Degree from an accredited university in Finance, Accounting, or related Business Management field. Master Degree preferred
8 years of experience in the financial services industry reviewing trends, making recommendations based on findings, analyzing risks, and creating mitigation strategies
7 years of progressive experience in performing high level risk assessment, particularly as it applies to the financial services industry
5 years of experience in implementation, analysis and/or development of policies, standards, regulatory risk, procedures, and enterprise level reporting
4 years of experience supporting RCSA processes at a Financial Institution within the First or Second Line of Defense