Risk Manager - Network Participant Risk Oversight: Testing & Monitoring

About the role

The Risk Manager role will help drive the NPRM Program via testing, monitoring and effective challenge for the first line of defense risk taking decisions and activities. As part of the larger Operational Risk Management (ORM) organization, you will work with talented associates to provide oversight and effective challenge to ensure that our businesses effectively manage operational risk overall.

Responsibilities

• Support development and execution of the NPRM testing and monitoring strategy
• Perform testing & monitoring of the first line network participant risk management including detailed data analysis to identify risks, problem areas, and development/completion of remediation plans
• Help serve as subject matter expert to Business Risk Office (BRO) and Independent Risk Management (IRM) functions in the assessment of operational risk
• Effectively challenges and is a thought leader in providing guidance to implementing Network Participant risk management practices
• Supports management and ownership of related policies and/or standards with regard to the Network Participant Risk Oversight Program
• Executes challenge activities to provide elevated areas of suspected risk and to gain assurance that risk-taking groups are appropriately representing their control environments
• Ensure results of challenge activities are properly documented and communicated, and perform and support detailed validation data analysis to include trending, problem identification, and development/completion of remediation plans
• Consults on Issue/Event analysis and reporting functions to observe trends and provide insights on changes to the Network Participant risk environment
• Demonstrates problem-solving and analysis skills with attention to detail
• Demonstrates strong communication, collaboration, problem solving and influencing skills across various levels of the organization
• Balances multiple priorities to help drive business value and support team objectives, while managing tasks and activities related to risk management initiatives to support the Network Participant Risk Management team in a well-managed capacity
• Aids in the development of risks, issues and/or mitigation plans to ensure the business implements needed changes and addresses areas of exposure

Requirements

• High School Diploma, GED or equivalent certification
• At least 4 years of risk management experience within the financial services industry
• At least 2 years of payment network experience
• At least 2 years of experience in third party risk or risk governance oversight
• At least 2 years of risk management, compliance or legal oversight experience

Qualifications

• 5+ years of Project or Program Management experience leading cross functional programs in Risk
• Experience creating presentations with PowerPoint or Google Slides
• Risk management certification such as: Certified Third-Party Risk Professional (CTPRP)

Benefits

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI).

Pay

Salaries for this role are listed below, by location:

• Riverwoods, IL: $138,100 - $157,700 for Risk Manager
• Mclean, VA: $151,900 - $173,400 for Risk Manager
• New York, NY: $165,700 - $189,200 for Risk Manager
• Richmond, VA: $138,100 - $157,700 for Risk Manager

Schedule

This role is expected to accept applications for a minimum of 5 business days. No agencies please.