Risk Management Lead - ERM

Federal Reserve Bank of Cleveland The Federal Reserve Bank of Cleveland’s mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems while representing the Fourth District perspectives. As part of the nation’s central bank, we are a team of mission-driven professionals who are committed to serving with excellence. Our core values are:
Build Trust Every Day, Own Our Actions, Collaborate with Intention, and Be Open to Change. For twenty-seven years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications. Follow us on Linked In, Twitter, Instagram, and our You Tube channel – Cleveland Fed Responsible for providing high level support and leadership for the planning and execution of the Bank's Enterprise Risk Management (ERM) program.

Contributes to supporting the Federal Reserve Bank of Cleveland and Federal Reserve System (FRS) ERM efforts, including participation on local and System-wide projects and initiatives.

• With a thorough understanding of Federal Reserve System structure, identify and assess significant risks, mitigation strategies and their impact on both local and Federal Reserve System activities.
• Works with stakeholders across the organization and the FRS to adopt sound, objective-based risk management practices and effective methods for identifying, monitoring and reporting of risks.
• Works to incorporate System standards into the local ERM program.
• Makes independent judgments, often based on interpretation of System and/or local policy or knowledge of various risk disciplines (operational, strategic, reputational).
• Ensures rationale is documented and management is apprised.
• Responsible for providing high level support and leadership for the planning, implementation and administration of the Bank's ERM program.
• Reports on the current assessed level of risk and document recommendations on managing risks.
• Contributes to risk reporting initiatives such as process improvement and technology efforts to enhance efficiency and accuracy of reporting.
• Builds strong relationships across the Bank by providing guidance, support and assistance to Bank business and first line areas to aid in their management of operational and compliance matters.
• Assist with the validation of control effectiveness by aiding in the implementation of control programs and viewing control testing performed by business or testing of control design and operation.
• Helps cultivate a culture of risk intelligence, heightened risk awareness and the utilization of advanced methods to assess, monitor, and manage risk.
• Prepares, presents, and interprets briefings, presentations, or other communications to key internal decision-makers on risk management matters of interest.
• Develops educational resources for the sole purpose of educating stakeholders on the components of the enterprise risk management framework.
• Independently seeks answers from available risk resources (written, data, etc.) and identifies appropriate staff resources for learning.
• Possesses ability to handle ambiguous requests for information.
• Performs other duties as assigned or requested.
• Adheres to the Bank's attendance policies through regular and prompt attendance.

Bachelor's Degree in Business, Finance, and/or Accounting and 7+ years of related experience.

• Advanced Level Knowledge of Operational, Strategic, Reputation risk related disciplines and practices.
• Knowledge of GRC or related risk management…