VP, First Line Risk Management

Location: New York

Positions located in Scottsdale, San Francisco, Chicago, or New York follow a hybrid work model to allow for a more collaborative working environment.

Candidates responding to this posting must independently possess the eligibility to work in the United States, for any employer, at the date of hire. This position is ineligible for employment Visa sponsorship.
** Overall Purpose
** Responsible for design and execution of various risk programs and business unit risk activities in adherence with the Company’s risk appetite and corporate strategy.  Engages within the business in defining, identifying and managing risks and controls across all risk types, owns monitoring, execution and adherence to risk policies, procedures and/or program requirements, providing advisory to effectively identify and manage risks, and serving as effective communication channel between Risk Mgmt department, regulators, and cross-organizational business units.

Responsible for strategic direction, creating efficiencies which embed and mature first line risk management capabilities across designated business line(s), and building a high-performance team of risk professionals to support the company’s overall Risk Management Program.
** Essential Functions
*** Work with executive leadership and other senior management to create risk management strategies to ensure key risks are appropriately managed and are aligned.  Provide/recommend risk considerations in alignment with business/strategic plans.  Effectively challenge where appropriate, ensuring alignment with regulatory environment considerations.
* Keeps team and business lines informed of risk-related information and organizes training for the business unit to embed a risk-aware culture.
* Owns the development, implementation and maintenance of the business unit and company risk management framework, policies, and procedures. Leads risk assessments to evaluate key risks and manage key risks across the business unit to ensure material risks are identified through the Risk and Control Self-Assessment (RCSA), escalate, manage, and remediate with robust mitigation plans within agreed timelines.
* Manages overall risk work to identify gaps and assess capacity, ensuring alignment with strategic objectives and prioritization of the risk management initiatives.
* Lead the tracking and resolution of issues across business unit and develop action plans and mitigation strategies to address root causes and prevent issue recurrence.
* Monitor status and effectiveness of issue remediation efforts, providing regular updates and report out to senior management.
* Partners with other functions (i.e.. Compliance, 2

LOD) to ensure alignment with broader risk management and governance initiatives.
* Participate in regulatory inquiries, examinations, and audits in collaboration with internal stakeholders.  Support regulatory submissions, response and reporting requirements, ensuring accuracy, completeness, and timeliness.
* Develops regular risk reports and report outs to provide a comprehensive view of all risks impacting the business unit.  Monitor and summarize top and emerging trends and actions to address impacts. Ensures timely escalation to the senior leadership, where needed.
* Drives the implementation of program policies, standards, and procedures.  Ensures timely communication around current and emerging issues and regulatory requirements.
* Provide effective leadership in developing highly engaged, high-performance team.
* Support the company’s commitment to risk management and protecting the integrity and confidentiality of systems and data.
** Minimum Qualifications
*** In-depth knowledge of risk management programs, best practices, methodologies, and frameworks typically gained through five or more years in a senior risk management role.
* 15 or more years of demonstrated success leading a risk management program in a highly regulated environment.
* Effective communicator, able to convey complex ideas in a clear, concise manner – both written and verbal.
* Knowledge of risk techniques, practices, and control frameworks.
* Knowledge of various banking and government regulatory requirements…