Group Risk Specialist- Credit Risk Mgmt 1B (US)

Work Location: Mount Laurel, New Jersey, United States of America

About the Role

The Group Risk Specialist is a 1B governance function in Credit Risk Management ensuring compliance with Operational Risk Management programs. This role involves executing Risk and Control Self-Assessments (RCSAs), Control Testing, Issues Management, creation and monitoring of Key Indicators (KIs), and Change Governance for change initiatives. The specialist collaborates closely with 1A teams in Credit Risk Management, Operational Risk 2A Partners, and other risk partners to complete timely deliverables.

A day in this role may include independent preparation for RCSA meetings, leading RCSA discussions with stakeholders, responding to risk partner challenges, providing program guidance, leading walkthrough meetings, performing control testing, identifying control weaknesses, and monitoring remediation activities.

Responsibilities

• Lead the development and implementation of specific standards, policies, and processes to identify, report on, and mitigate operational risk exposures within the business.
• Proactively analyze potential risks and ensure escalation of key risks to appropriate areas, providing executive findings and action plans for mitigation.
• Establish and provide ongoing analysis and reporting on operational risk and other major risk categories, reviewing findings and action plans with business leaders.
• Coordinate and guide activities related to core operational risk disciplines, including Risk & Control Self-Assessment, Business Continuity Management, Outsourcing & Vendor Management, and Regulatory Compliance (e.g., CDIC, AML, Privacy, IDA, CBA, SOX, Basel).
• Support enterprise-wide operational risk escalation, review and approval processes, data management, policies, and risk assessment processes.
• Direct the development and monitoring of Key Risk Indicators and facilitate communication and resolution of risk issues among business segments.
• Manage ancillary operational risk areas such as BCM/incident management, outsourcing/vendor management, fraud aggregation, Basel implementation, change management, Privacy, AML, LCM, and other regulatory issues.
• Provide support for other major risk areas (e.g., Market, Credit, Reputational, and Regulatory risks).
• Serve as a point of contact for guidance in monitoring and reporting compliance, management, and strategic initiatives.
• Provide commentary in support of the development, maintenance, and oversight of policies, procedures, and practices.
• Adhere to enterprise frameworks or methodologies related to business area activities.
• Ensure programs, policies, and practices meet business needs, comply with internal and external requirements, and align with business priorities.
• Exercise discretion in managing correspondence, information, and confidentiality; escalate issues as appropriate.
• Ensure business operations comply with applicable internal and external requirements (e.g., financial controls, segregation of duties, transaction approvals, and physical control of assets).
• Participate in cross-functional or enterprise initiatives as a subject matter expert to identify risks and provide guidance for complex situations.
• Conduct internal and external research projects; support the development and delivery of presentations and communications to management or broader audiences.
• Conduct meaningful analysis at the functional or enterprise level, using results to draw conclusions, make recommendations, and assess the effectiveness of programs, policies, and practices.
• Monitor service, productivity, and efficiency levels within the function and implement continuous process or performance improvements.
• Lead or facilitate actions and remediation plans to address performance, risk, or governance issues.
• Actively manage relationships within and across business lines, corporate, and oversight functions to ensure alignment with enterprise and regulatory requirements.
• Stay abreast of emerging issues, trends, and evolving regulatory requirements, assessing potential impacts.
• Maintain a culture of risk management and control, supported by effective processes aligned with risk appetite.

Qualifications

• Undergraduate degree or technical certificate and/or 7+ years of relevant experience.
• Advanced knowledge of risk management governance, programs, policies, practices, operating frameworks, and reporting for the supported business or area of discipline.
• Knowledge of the risk management environment, standards, regulations, and mitigation strategies.
• Awareness of current and emerging competitor and market trends.
• Ability to establish goals and objectives that support the strategic plan.
• Ability to lead, plan, implement, and evaluate program/project activities to ensure completion of initiatives.
• Skill in mentoring and coaching.
• Advanced skill in using analytical software tools, data analysis methods, and reporting techniques.
• Proficiency in using computer applications, including MS Office.
• Ability to communicate effectively in both oral and written form.
• Ability to work collaboratively and build relationships across teams and functions.
• Ability to work successfully as a member of a team and independently.
• Ability to exercise sound judgment in making decisions.
• Ability to analyze, organize, and prioritize work while meeting multiple deadlines.
• Ability to handle confidential information with discretion.

Preferred Qualifications

• Risk and Control Self Assessment (RCSA) experience highly preferred.

Skills

• Integrates knowledge of the enterprise sub-function’s or business line’s overarching strategy in developing solutions across multiple functions or operations.
• Interprets internal and external business challenges and the industry environment, recommending courses of action and best practices to improve products, processes, or services.
• Acts as a technical expert or lead, integrating cross-functional understanding within their field of specialty; may manage teams of related specialists.
• Leads cross-functional teams or projects with significant resource requirements, risk, and/or complexity.
• Independently manages end-to-end functional programs.
• Solves or leads others to solve complex problems; partners with others to develop new solutions.
• Uses sophisticated analytical thought to exercise judgment and identify solutions.
• Impacts the achievement of sub-function or business line objectives within the accountable area.
• Communicates difficult concepts, converting information into compelling business context and advice; influences and gains alignment across increasingly senior stakeholders.
• Works autonomously as the lead and guides others within the area of expertise.

Pay

$91,000 - $136,240 USD

Schedule

40 hours per week

Physical Requirements

• Domestic Travel: Occasional (1-33%)
• International Travel: Never (0%)
• Performing sedentary work: Continuous (67-100%)
• Performing multiple tasks: Continuous (67-100%)
• Operating standard office equipment: Continuous (67-100%)
• Responding quickly to sounds: Occasional (1-33%)
• Sitting: Continuous (67-100%)
• Standing: Occasional (1-33%)
• Walking: Occasional (1-33%)
• Moving safely in confined spaces: Occasional (1-33%)
• Lifting/Carrying (under 25 lbs.): Occasional (1-33%)
• Lifting/Carrying (over 25 lbs.): Never (0%)
• Squatting: Occasional (1-33%)
• Bending: Occasional (1-33%)
• Kneeling: Never (0%)
• Crawling: Never (0%)
• Climbing: Never (0%)
• Reaching overhead: Never (0%)
• Reaching forward: Occasional (1-33%)
• Pushing: Never (0%)
• Pulling: Never (0%)
• Twisting: Never (0%)
• Concentrating for long periods of time: Continuous (67-100%)
• Applying common sense to deal with problems involving standardized situations: Continuous (67-100%)
• Reading, writing, and comprehending instructions: Continuous (67-100%)
• Adding, subtracting, multiplying, and dividing: Continuous (67-100%)