Apply on Employer Site

Early Warning® · 1 day ago

Director, Risk Management - LOD1

Scottsdale, AZ

Full-time

Hybrid

Lead/Staff, Director/Executive

$154K/yr - $193K/yr

12+ years exp

Early Warning is a trusted name in payments, powering and protecting the U.S. financial system with innovative solutions. The Director of Risk Management is responsible for implementing a centralized regulatory and audit management program, ensuring effective risk management across business lines and aligning with the company's Enterprise Risk Management leadership.

Financial ServicesFraud DetectionPaymentsRisk Management

No H1B

Responsibilities

Build and manage assigned business line’s centralized LOD1 regulatory and audit management function, including strategic vision and implementation plans, acting as the assigned business liaison to Enterprise Risk Management, Operational Risk Management, and Compliance in support of the company’s 3LOD program

Work with Compliance and other Risk functions to understand and monitor applicable regulations and requirements, assess business impact and drive appropriate projects and processes to address needed changes

Partner with Enterprise Risk Management in the execution of Risk and Control Self Assessments

Partner with Business Continuity Management on business’ participation in BC/DR tests, and own and maintain required process and technical recovery plans

Oversee and monitor the business-lines’ third-party relationships, including both performance and risk management

Assist the business-line in the design and build of process maps in alignment with Early Warning’s Process Classification Framework. Own and maintain assigned business-lines’ process inventory and internal control environment inventory. Design, maintain, and report metrics (KPIs and KRIs) demonstrating control effectiveness

Identify and self-report issues through the ERM Self-Identified Issue Process; individually and together with other LOD1 business-line members

Ensure risk remediation plans exist and are sufficient; track remediation plans to completion and ensure remediation is on-time and sustainable; ensure action plans and remediation of issues by risk owners

Support assigned business-line Risk Acceptance Forms (RAF) process, when applicable

Drive periodic executive level reporting regarding business risk management activities, working closely with assigned business-line leadership

Develop, in alignment with ERM’s frameworks, a 1LOD risk management governance process across the business lines to support decision making and escalation regarding risks that may not be consistent with the business’ risk tolerance

Deliver education and awareness of risk ownership essentials

Continually monitor and update assessments of the control environment, keeping abreast of significant control issues, trends and developments. Perform internal control effectiveness test plans and procedures

May lead or mentor risk professionals

Ensure assigned business line regulatory and audit activities are conducted in accordance with ERM requirements

Support the company’s commitment to risk management and protecting the integrity and confidentiality of systems and data

Qualification

Risk ManagementRegulatory ComplianceAudit ManagementFinancial Services ExperienceChange ManagementThird-Party Risk ManagementCommunication SkillsInterpersonal SkillsInfluence ManagementPolicy WritingModel Risk ManagementInternal Control CertificationProblem SolvingTeam Leadership

Required

Bachelor's degree in Business Administration, Finance, Accounting, Technology, Security or other related field of specialty

12 or more years of risk related experience in the financial services industry or experience within a three-lines of defense program

Demonstrated success leading regulatory, audit or risk functions in a 3LOD environment

Demonstrated ability to work effectively in a complex, highly regulated environment

Excellent problem solver with effective change management skills

Working knowledge of regulatory requirements specific to the assigned business line, financial services or payments industry, where applicable. For technology specific roles, may require knowledge of technology related requirements

Excellent communication, organization and interpersonal skills, with demonstrated ability to collaborate and build trust in business partners, internal/external and regulatory agencies

Effective influence management skills

Background and drug screen

Knowledge and experience with model risk management and first line support for Chief Data Office

Demonstrated success developing and implementing effective risk solutions for data management

Preferred

Experience interacting with executive management

Demonstrated experience working in multiple risk disciplines including but not limited to product, regulatory and compliance, third party, reputation, competitive, etc

Knowledge of COSO's Internal Control – Integrated Framework, or similar

Risk management, internal control, or internal audit certification(s)

First line of defense risk management experience in a regulated financial institution

Proficient in writing policies and procedures

Direct experience as the accountable risk leader manager 1LOD regulatory and audit activities

Benefits

Healthcare Coverage – Competitive medical (PPO/HDHP), dental, and vision plans as well as company contributions to your Health Savings Account (HSA) or pre-tax savings through flexible spending accounts (FSA) for commuting, health & dependent care expenses.

401(k) Retirement Plan – Featuring a 100% Company Safe Harbor Match on your first 6% deferral immediately upon eligibility.

Paid Time Off – Flexible Time Off for Exempt (salaried) employees, as well as generous PTO for Non-Exempt (hourly) employees, plus 11 paid company holidays and a paid volunteer day.

12 weeks of Paid Parental Leave

Maven Family Planning – provides support through your Parenting journey including egg freezing, fertility, adoption, surrogacy, pregnancy, postpartum, early pediatrics, and returning to work.