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Provident Bank · 12 hours ago

Manager of Operational Risk Management

Iselin, NJ

Full-time

Hybrid

Senior Level, Lead/Staff

$114K/yr - $175K/yr

10+ years exp

Provident Bank is seeking a Manager of Operational Risk Management to support the development and operation of the Operational Risk Management team. This role includes responsibilities for managing the Bank’s Operational Risk Management Program, overseeing risk assessments, and ensuring alignment with enterprise risk management objectives.

Financial Services

Responsibilities

Assist the Chief Risk Officer with maintaining the Enterprise Risk Management Program and managing the Bank’s Operational Risk Management Program (“Integrated ERM/ORM Program”). The incumbent’s activities in the Integrated ERM/ORM Program include responsibilities to:

Maintain the Bank’s Risk Appetite Statement, enterprise-level Key Risk and Key Performance Indicators (“KRIs & KPIs”), Enterprise Risk Assessment, and associated support activities surrounding the ERM program

Develop and implement the Bank’s Risk & Control Self-Assessment (“RCSA”) program including the required infrastructure, templates, risk and control libraries, training and support to the 1st Line of Defense (“1st LOD”)

Review and provide effective challenge of the Risk Control Self Assessments. Collaborate with the 1st LOD to address and remediate control gaps, weaknesses and drive continuous improvement. Prepare reporting including the aggregation of RCSA results by risk domain and business unit. Communicate results to the key stakeholders

Work closely with the Risk team to ensure goals, objectives and results align between teams and meet the overarching goals of the Integrated ERM/ORM Program

Proactively manage and advise the CRO on potential / emerging risks related to ERM/ORM risk management to assure objectives are achieved, losses are minimized, and strategic goals and objectives can be achieved

Develop reporting to executive management and the Board Enterprise Risk Committee regarding ERM/ORM risk management policies, processes and execution

Develop and implement changes as needed to minimize risks as well as improve internal and external risk characteristics across all business lines

Analyze qualitative and quantitative data to develop process efficiencies and/or metrics for key operational risk and early warning indicators

Actively participates in Bank initiatives and projects, as needed, providing risk management, data analysis and bank processing knowledge and skills

Manage staff, as assigned and including specialized staff (e.g. technology risk), to achieve the assignments and objectives of the department, grow and develop their skills sets, and provide guidance and direction on completing deliverables; and

Meet the expectations of the Chief Risk Officer relative to staff time management, reviews and all other supervisory requirements

Qualification

Operational Risk ManagementRisk & Control Self-AssessmentQuantitative AnalysisBanking KnowledgeIT Processes KnowledgeProcess ImprovementAnalytical SkillsManagement SkillsExcel SkillsWord SkillsVisio SkillsPowerPoint SkillsInterpersonal SkillsCommunication SkillsTime Management