VP / Director, First Line Control Officer

Office Status: Hybrid
Salary: $170,000 – $220,000

Responsibilities:

• Collaborate with, guide and counsel colleagues on control design and implementation to mitigate risks.
• Collaborate with, guide and counsel process and control owners for control assurance, including identifying non-financial risks, associated controls, evaluating effectiveness.
• Function as liaison to 2nd and 3rd line control teams in adhering to non-financial risk control framework requirements.
• Execute and manage the advancement of core risk program requirements such as process mapping, RCSAs, risk reporting, as well as other related enterprise risk programs (BCP, Information Security, Sales Practices, Conduct Risk, etc.).
• Work with the business and support teams to provide operational risk expertise and consulting for new products and key initiatives.
• Conduct risk assessments to evaluate the adequacy and effectiveness of policies, procedures, processes, systems, technology and internal controls.
• Report risk assessment findings through non-financial risk governance forums and develop business cases to influence control owners and business sponsors on the need for additional or improved controls to mitigate risk as applicable.
• Establish and update regular risk reports for communication of risk ratings, issues and key topics.
• Establish a formal communication channel to broadcast risk program updates, risk profiles, policy updates and other key risk program information to Division senior management.
• Analyze business, industry, system changes or other material business environment changes to determine impact, identify and assess operational risk issues.
• Report risk assessment findings through non-financial risk governance forums and develop business cases to influence control owners and business sponsors on the need for additional or improved controls to mitigate risk as applicable.
• First Line Control Officers may also be asked to support non-financial risk Regulatory exams, Audit reviews and Compliance Testing in the capacity of SME and / or to support non-financial risk remediation efforts.
• First Line Control Officers may be designated to coordinate responses to outside inquiries from regulators and external audit.