Enterprise Risk Director

Overview

This position is responsible for the management and oversight of the delivery of second line Enterprise Risk Management services in line with area policies, industry standards, and management expectations. The position is responsible for advising senior leadership and executive leadership as it relates to risk of the businesses or functions supported, and is expected to coordinate information sharing with other risk partners.

The position will be responsible for management of activities that help the Bank keep pace with the evolving landscape of the risk management environment and identifying continuous improvements in the execution of practices within the Risk Management Division. The position may be responsible in positively influencing both internal and external personnel, as applicable. The role is responsible for developing strategy and direction, and be able to do so in context of the bigger picture and in a manner that supports collaboration and efficiency amongst its risk partners, as applicable.

The position requires the ability to function autonomously in the oversight and/or execution of multiple risk activities in support of the services described above and will ensure the development of program level activities. Activities performed will help the Bank and areas supported adhere to the expectations of the enterprise risk framework and the expectations of key stakeholders, up to and including the Board.

The position must remain apprised of changes in the business, as well as to communicate and present emerging risks, changes to the regulatory landscape, and consideration of cost beneficial risk management enhancements for the business. The individual is considered a subject matter expert in the businesses or functions that they support, and is able to understand other risk elements of the business, as well as the business in context of the Bank overall.

• Responsible for management of one or more areas of Enterprise Risk Management such as:
  Regulatory Affairs or Reporting Center of Excellence.
• Develop, maintain and implement Corporate risk policies, the overall framework and Enterprise Risk strategy ensuring adequate subject matter expertise and/or data is available. Provides independent oversight and critical challenge of the identification, assessment, monitoring, mitigation, and reporting of all significant risks and risk practices within the First Line of Defense and throughout the Risk division. In risk-based and collaborative manner, ensure underlying elements of the risk management framework accurately reflect the risk environment.
  
  Identify gaps or deficiencies, and ensure remediation activities address the risk. Escalate through the governance structure up to and including senior management / governance committees, as appropriate. Lead initiatives to analyze various elements of said framework.
• Manage the delivery the completion of high‑complexity, ad hoc and appropriately detailed reports, spreadsheets and project work related to multiple risk disciplines based on required frequency (e.g. daily, weekly, monthly or quarterly). Ensure adequate analysis and challenge of existing reporting to identify improvement opportunities.
• Oversee the collection of data and analysis for presentations for/to senior management and governance committees. Present materials/presentations to business partners, senior and executive management, risk committees and the Board.
• Provide leadership to the department over highly complex analysis and judgment based work over multiple disciplines when used to support business decisions. Review the work of others for accuracy and serve as a champion supporting the Bank's goals, Department objectives and risk culture.
• Serve as primary point of contact and lead in effectively communicating and collaborating with all stakeholders in the Bank including Senior Managers, executive management and the Board, first line risk and other second line risk partners with respect to risk related matters and in a manner in which the Bank manages its risks. Able to readily discuss and address issues or concerns.
  
  Escalate significant and/or…