TITLE: Risk Governance Program Manager
STATUS: Exempt
REPORTS TO: Director - Risk Management
DEPARTMENT: Enterprise Risk Management
JOB CODE: 11360
PAY SCALE: $108,500.00 - $130,000.00 Annually
General Description
The Risk Governance Program Manager supports Enterprise Risk Management (ERM) leadership with all aspects of the enterprise-wide risk governance program, contributing to the strategic roadmap for department and organization growth.
The Risk Governance Program Manager is responsible for the innovation, governance, and management necessary for the deployment of a comprehensive risk management approach to ensure risks are identified, measured, mitigated, monitored, and reported, in alignment with the enterprise risk management framework, risk appetite statement, and regulatory expectations. This position will work directly with business units and other risk management partners in the design and execution of risk programs and may serve as a team lead or subject matter expert for more complex projects.
This position is responsible for building relationships, coordinating and bringing together various groups within the organization, including operations, technology, product, finance, human resources, compliance and legal, among others, around a common framework and process to ensure that risk-taking activities are in line with the credit union’s strategy and risk appetite.
Tasks, Duties, Functions
• In collaboration with ERM leadership, responsible for developing, deploying, maintaining, monitoring, and reporting on various components of the Credit Union’s risk governance framework including efforts to reinforce risk culture, monitor adherence to risk appetite, and the effectiveness of the overall risk management system. Compiles metrics and prepares reports for status reporting on ERM initiatives.
• Supports the organization in its efforts to promote a sound risk culture by partnering with management and their teams to continuously improve risk awareness through the identification, escalation, and timely mitigation of material risks and risk-taking activities exceeding the approved risk appetite.
• Assists in development and delivery of ongoing ERM education, training, and awareness to support the overall maturity and growth of the ERM program and risk culture. Including providing ERM advisory services, leading meetings and management briefings on relevant issues, risks, or trends associated with enterprise-level risks to business units, stakeholders, and leaders across the organization.
• Leads development and implementation of detailed action plans on identified risk management program gaps across the organization.
• Leads the development and implementation of internal risk and control structures to ensure objectivity and consistency of risk assessment, management, and reporting across the organization, and provides critical challenge to both 1st and 2nd lines of defense as to the appropriateness of existing risk and control structures as well as ensuring compliance with methodologies, procedures, training and communications, and best practices.
• Establishes strong coordination/alignment across the three lines of defense to clarify division of roles and responsibilities and implement robust governance and strong risk culture.
• Performs an annual evaluation on risk framework and programs to identify opportunities to improve and enhance processes while also maintaining consistency and ensuring the framework aligns with regulatory expectations and industry standards. Participates in ERM program development planning and strategy discussions.
• Tactfully yet assertively challenges assumptions and perspectives on risk throughout the organization. Recommend improvements to current policies and procedures, championing continuous improvement and innovation while balancing risks and rewards.
• Coordinates the design, compilation, data aggregation, updating, and reporting of enterprise-level financial and/or non-financial risk metrics, as well as business and corporate area specific risk metrics.
• Create and upkeep an inventory of the risk register, with a mapping to policies, controls, responsible contacts.
• Identifies and creates metrics and dashboards to quantify and measure the impact of the risk management processes. Identify and implement improvements which support the overall maturity and growth of the program.
• Provides key inputs to risk committee materials, including creating and updating ERM reports and presentations on the evaluation of program effectiveness, level and direction of risks, key and emerging risks, and status of previously identified risk and control issues. While ensuring reports are accurate, provide trending analysis, solutions, and are tailored for the intended audience.
• Reports on existing and emerging areas of risk, including identifying, communicating, and monitoring potential impacts and implications for operational risk appetite, as well as mitigating actions.
Location: Sacramento, CA
Posted: Aug. 18, 2024, 5:25 a.m.
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