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Division Risk Manager
Union Bank
San Diego, CA, United States
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Residential and Wholesale Lending (RWL) Division Risk Managers are the first line of defense responsible for supporting and coordinating all disciplines of operational risk and controls within their area of responsibility. This includes both business-specific risks and enterprise-wide risks. Enterprise risks include, but are not limited to, information security, human resources, fraud, vendor management, business continuity, product risk and model risk. The Division Risk Manager will report to the Business Unit Risk Manager (BURM) and will serve as a back-up to the BURM they support and be a focal point of contact concerning matters of operational risk for Residential (consumer) Lending. The Division Risk Manager will assist the BURM in completion of Risk and Control Self Assessments and managing remediation activities for control deficiencies. VP will also assist the business with operational process design to support an effective control environment.
Major Responsibilities:
• Assist the BURM in building and maintaining risk and control self assessments for all significant risks, and managing control deficiency remediation
• Ensure that the appropriate level of risk and controls are documented in the OpenPages system
• Create accurate and timely reporting of significant and emerging risks from the business unit view
• Participate in ad-hoc working groups to address and resolve new areas of risk
• Ensure the resources dedicated to operational risk management within their area of responsibility are qualified and sufficient to efficiently and effectively carry out the required functions
• Monitor operational and compliance risk management activities to ensure that they are properly performed and completed for the units within their area of responsibility
• Identify risk trends and/or symptoms of process control breakdowns
• Keep the BURM apprised of changes in inherent risk or control breakdowns/deficiencies that could impact residual risk
• Assist business partners in reviewing risks evolving from various initiatives to ensure that operational risks are recognized, mitigated, reported and/or accepted
• Review Bank-wide procedures and policies as well as Business-level desktop procedures for completion of risk and control self-assessments
• Act as liaison with Audit and Compliance in consultation with the BURM and assist in resolving identified issues and monitor its resolution
Qualifications
• Typically requires a BA or BS degree plus 8+ years in residential (consumer) lending and/or operational risk management or related role
• Requires a strong understanding of operational risk management techniques, including development of process flows, identification and assessment of risks and controls, testing and monitoring procedures, and development of related metrics
• Ability to analyze risk trends, identify signs of changing risk levels and/or symptoms of process control breakdowns
• Solid understanding of financial institution processes, products, and risks
• Strong written and verbal communication skills
• Requires subject matter expertise in Risk Management, Finance and/or Accounting or Finance degree preferred
• GARP, RMA and other Risk Management certifications
The above statements are intended to describe the general nature and level of the work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.
We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.