Director of Operational Risk & Internal Controls, York, PA
Location :
York, PA
Job Type :
Direct
Hours :
Full Time
Required Years of Experience :
10+
Required Education :
Bachelor's Degree Required
Travel :
No
Relocation :
No
Job Description :
Our client is a growing financial services firm that spans the Mid-Atlantic region. They are currently seeking an experienced risk management professional to join their team as the Director of Operational Risk & Internal Controls.
RESPONSIBILITIES
Oversee the development and maintenance of the organization’s Operational Risk Management Program, including risk, control, and process taxonomies, risk and control matrices, detailed test procedures, risk and control self-assessments, controls frameworks and testing, and issue management.
- Identify operational process gaps and risk trends. Collaborate with business lines, technology, compliance, legal, and other partners to develop risk mitigation strategies and ensure proper risk oversight and infrastructure.
- Manage independent control testing of ICFR and compliance with ICFR frameworks and policies. Escalate major risks and issues to management.
- Conduct independent assessments of credit risk for the Association’s loan portfolio. Identify and escalate credit rating changes as appropriate. Present findings and assessment results to management.
- Oversee and manage the Model Risk Management program, ensuring compliance with model program guidelines, maintaining model inventory, monitoring compliance with model governance activities, and working with model owners to remediate/monitor exceptions, issues, and findings. Provide annual training related to model risk management.
- Monitor industry trends to identify significant or emerging risks and participate in industry forums to stay current on best practices in Operational Risk programs.
- Support ERM in running the enterprise risk identification process.
- Develop and implement tools or processes to enhance risk reporting capabilities. Document risk metrics and data to provide reports for executive leadership.
- Assist in producing Board and management risk reports as needed.
- Establish and monitor expectations to achieve company and department goals. Make appropriate changes to policies, procedures, and efficiencies to meet objectives.
- Manage the performance, training, and evaluation of assigned staff.
REQUIREMENTS
-
Bachelor’s degree required.
- Preferred certifications include – CIA, CPA or CISA.
-
10+ years of risk management experience, preferably in the financial services industry with leadership experience.
- Extensive experience with business processes, financial reporting, and information technology risks, processes, and controls.
- Advanced knowledge of the COSO framework, CoBIT, and/or other leading business and information technology control frameworks.
- Knowledge of operational and enterprise risk management including identification, assessment, and escalation of risk issues.
- Ability to identify regulatory compliance gaps within internal guidance (policies and procedures).
Required Qualifications :
