What are the responsibilities and job description for the Risk & Controls Manager position at Amalgamated Bank of NY?
Job Description
Job Description
Amalgamated Bank is looking for a Risk & Controls Manager, focusing on IT and Operations. This role will facilitate risk management oversight and execution within Operations and IT. You will also leverage understanding of risk frameworks to assist the business line to strengthen controls and mitigate operational risk as the bank continues to grow. You will be responsible for the following key responsibilities and functions :
By joining our team, you’ll be joining a Bank that believes that maintaining a diverse and inclusive workplace where everyone feels valued and respected is essential for us to grow as a company. We are dedicated to building a more equitable world in our everyday practices by embracing the values of our employees and customers.
Essential Job Functions :
- Facilitate risk assessment completion, update, and maintain risk and controls descriptions, key risk indicators (KRIs), resolution and tracking of audit, regulatory, and self-identified issue mitigation plans.
- Ensure adequacy of controls relevant to the Line of Business “LOB” including SOX and Risk & Control Self-Assessment (RCSA) controls and provide recommendations for improvement.
- Conduct periodic self-testing of design and effectiveness of controls, providing recommendations for enhancement in alignment with the Business Head.
- Develop and maintain process workflows for all critical processes within the LOB
- Partner with the Business Head to ensure policies and procedures are up to date.
- Work with Risk and Compliance to stay informed on relevant regulatory changes and / or changes in the law. Advise LOB lead on relevant changes.
- Assist with the preparation of management and committee materials as requested.
- Support Business Continuity and Disaster Recovery planning for the LOB.
- Lead LOB vendor related activities which include but are not limited to : service level agreement (SLA) performance, relevant entity controls within the LOB, etc.
- Investigate and report material risk events and determine root cause.
- Assist in new product / process rollout, advising on control adequacy.
- Act as Point of Contact for LOB during Audit and Exams.
- Perform other duties as needed.
- Partner with the Enterprise Risk Management team for support and to obtain guidance to facilitate oversight and execution of risk management activities.
Knowledge, Skills and Experience Requirements :
Our job titles may span more than one career level. The starting base salary for this role is between $125,000.00 – $135,000.00. The actual base pay is dependent upon many factors, such as : training, transferrable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future.
Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans. AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement. Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.
Hybrid Work Model
Effective February 18, 2025, employees in office-based positions will be working a Hybrid work schedule consisting of three days or more, on-site per week, Monday - Thursday, although the specific days may vary by site or organization, with Friday designated as a remote-working day, unless business critical tasks require an on-site presence. This Hybrid work model does not apply to, and daily in-person attendance is required for, the contact center, branch service roles, and general services where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note, this Hybrid work model guidance does not apply to roles that have been designated as “remote”.
Search Firm Representatives- Please Read Carefully
Amalgamated Bank does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for the position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.
Salary : $125,000 - $135,000
