Enterprise Risk Management Officer

Department: Risk Management | Employee: Karen Colimon | Company: Israel Discount Bank of New York (IDB Bank), a full-service commercial bank chartered by the State of New York, FDIC member, ranked 14th largest commercial bank in the New York area by Crain’s New York Business.

About the role

The Enterprise Risk Management (ERM) team is seeking an experienced, proactive risk professional. This role plays a central role in driving governance transformation, regulatory reporting, framework development, and GRC tool administration across the bank. The primary mandate is to overhaul and modernize the bank’s Policy & Procedure Governance Framework, own executive and regulatory risk reporting (CRO and Enhanced Prudential Standards/EPS), support the Internal Capital Adequacy Assessment Process (ICAAP), co-lead the ERM committee governance, participate in the bank’s emergent AI Risk Framework working group, and oversee Issue Management and Archer GRC operations.

Responsibilities

Policy & Procedure Governance Framework Modernization

• Deploy an end-to-end Policy & Procedure repository and lifecycle management framework utilizing RSA Archer (inventory and tracking) and SharePoint (central document repository, metadata tagging, and enterprise search capability).
• Execute the enterprise-wide migration and re-formatting of all existing bank procedures into newly standardized procedure templates.
• Execute and monitor automated review notifications via Archer to procedure coordinators and policy owners across business and functional units.
• Aggregate, analyze, and produce quarterly compliance and review status reports on the policy and procedure universe for senior risk leadership and committee oversight.

Risk Reporting & Executive Governance

• Coordinate and dispatch the monthly Chief Risk Officer (CRO) report package to risk managers across lines of defense; aggregate business-line inputs and finalize reports for submission to Head Office.
• Lead the end-to-end production of the quarterly EPS report. Synthesize key findings from the Quarterly Risk Committee report and liaise cross-functionally with Internal Audit, Finance, Corporate Strategy, and the Broker-Dealer subsidiary to capture required multi-entity inputs.
• Serve as the corporate secretary/governance lead for the ERM Committee, preparing agendas, compiling meeting materials, and recording official meeting minutes.

Capital Planning & Stress Testing (ICAAP)

• Support the annual Internal Capital Adequacy Assessment Process (ICAAP), focusing on the "Building Blocks" framework.
• Assist with the review of capital stress model methodologies, underlying assumptions, and support quantitative calculations and documentation.

Emerging Risk & Strategic Initiatives (AI Framework)

• Represent the ERM team as a core member of the bank’s Artificial Intelligence (AI) working group to conceptualize, design, and implement the bank’s foundational AI Risk Management and Governance Framework.
• Lead or contribute to cross-functional risk projects, regulatory remediation tasks, and strategic risk analyses as directed by leadership.

Issue Management & Archer GRC Administration

• Oversee and enhance the bank-wide Issue Management process to ensure timely identification, root-cause analysis, remediation tracking, and validation of audit, regulatory, and self-identified issues.
• Serve as the business administrator/process manager for the Archer GRC platform, optimizing workflows, managing system enhancements, and troubleshooting operational issues.

Risk Appetite & Effective Challenge (Senior Leadership Support)

• Participate in the annual review, calibration, and maintenance of the bank’s Risk Appetite Statement and risk limits.
• Provide credible, independent review and challenge during Risk Profile Assessments and risk identification exercises.
• Update corresponding procedures and provide training to key stakeholders related to the job description.

Qualifications

Education

• Bachelor’s degree in Finance, Economics, Business Administration, Computer Science/Data, or related field.
• Advanced degree (MBA/MS) or certifications (FRM, PRM, CRISC, PMP) preferred.

Experience Level

• VP Level: 7–10+ years of enterprise risk management, operational risk, or regulatory governance experience within banking, capital markets, or financial services.
• FVP Level: 10–13+ years of progressive leadership experience demonstrating mastery of ERM frameworks, deep familiarity with prudential banking regulations, and proven history of managing high-visibility reporting and committees.

Systems & Tools

• Hands-on administration or functional experience with RSA Archer GRC (specifically Policy, Issue Management, and Risk modules).
• Advanced proficiency in SharePoint architecture (site design, lists, permissions, metadata/taxonomy, and search indexing).
• Advanced MS Office skills (Excel, PowerPoint, Word).
• Deep understanding of enterprise risk concepts and Three Lines of Defense.
• Exceptional written communication skills (proven track record writing formal board/executive-level minutes and executive risk packages) and strong interpersonal skills to coordinate with cross-affiliate entities, including broker-dealer subsidiaries, finance, strategy, legal, and internal audit.
• Ability to drive structure in unstructured environments (such as building the new SharePoint repository and standing up an AI risk framework from initial stages).

Pay

The expected annual salary for this position is between $130,000 and $160,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills and experience.

Benefits

• Eligibility for an annual bonus
• Medical, pharmacy, dental, and vision plans
• Life and disability insurance
• Employee wellness program
• Retirement and savings plans with employer contributions
• Generous holiday and paid time off schedules
• Parental leave
• Tuition reimbursement

Schedule

Hybrid schedule.