Director – Enterprise Risk and Compliance

Director – Enterprise Risk and Compliance

Requirements

• Bachelor’s degree; 10+ years of relevant experience including 7+ years management or leadership experience
• Or Master’s degree; 8+ years of relevant experience including 5-7 years management or leadership experience

Responsibilities

• Executes the Enterprise Risk Management Framework for the business.
• Leads the BSA/AML/OFAC Risk Management Function.
• Oversee the maintenance of the Compliance Risk Management Function.
• Oversee the maintenance of the Third-Party Risk Management Function.
• Directs the risk management activities in accordance with applicable laws, regulations, regulatory guidance, and policies approved by the Board of Directors.
• Monitors the organization’s risk management programs in a manner that fulfills the mission and strategic goals of the organization while complying with external and internal requirements.
• Perform second line of defense responsibilities, including assessing the aggregate risk being taken and reviewing and effectively challenging business and operational unit strategies, initiatives, risk assessments, and risk mitigation and control activities.
• Build out the second line of defense and effectively manage, motivate, and develop a high-performing team of risk management professionals.
• Review business and operational unit information, reports, risk remediation plans, and risk acceptance requests.
• Serve as CFNA’s Bank Secrecy Act (BSA) Officer and Office of Foreign Asset Control (OFAC) Officer by coordinating and monitoring the day-to-day compliance activities related to AML and OFAC.
• Revise related policies and procedures as needed. Keep abreast of changes in related laws and regulations and communicate to applicable personnel. Develop and provide related training to appropriate personnel. Perform additional duties as specified in the Anti-Money Laundering Policy.
• Analyze root causes and trends that could lead to heightened risk and assist management in implementing corrective actions where appropriate.
• Review and makes recommendations to the Board of Directors regarding the enterprise risk management framework, risk appetite statement, risk limits, and the establishment or revision of risk management policies.
• Report the aggregate risk position periodically to the Board/Directors Risk Committee/Management Risk Committee.
• Liaise with internal and external risk management stakeholders as required to address issues including the risk programs’ structure, effectiveness, or key findings.
• Maintain a compliance environment that encourages all bank employees and contractors to report suspected fraud and other improprieties without fear of retaliation.

Preferred Qualifications

No preferred qualifications provided.