What are the responsibilities and job description for the SVP, Operational Risk - Governance position at Madison-Davis, LLC?
Office Status: Hybrid
Salary: $200,000 - $220,000
• Develop and implement the ORMF in alignment with business strategy, overall enterprise risk management (ERM),
regulatory requirements, and best practices suited for the size and complexity of the bank
• Drive a strong risk culture across the bank, promoting awareness and ownership of operational risks
• Oversee the integration of ORMF in all operational risk types and programs
• Help establish and maintain robust governance structures to monitor and report operational risks
• Develop and oversee key risk indicators (KRIs) and dashboards to monitor the bank’s operational risk profile
• Acting as the Secretary of the Operational Risk Committee (ORC) to ensure operational risk profile is appropriately reported and risks are escalated and addresses
• Maintain awareness of regulatory changes and ensure timely updates to policies and procedures
• Act as the primary liaison for regulatory exams, internal and external audits for operational risk-related matters
• Execute and ensure adherence to policies and procedures impacting Operational Risk Management
• Oversee the adherence to Branch policies and procedures from operational risk management perspective and provide feedback
• Support with the execution of department strategic objectives in collaboration with L2 operational risk type IRMs/SMEs
• Develop comprehensive risk reports catered for senior management, the board, and relevant stakeholders
• Provide guidance and collect operational risk related data from relevant stakeholders, including both L2 IRM/SME owners and FLUs
• Establish process to ensure risk data accuracy for aggregation and reporting, leverage data analytics and operational risk systems/tools
• Consolidate the data and complete risk aggregation and reporting to all executive committees
• Collaborate with different departments to prepare Operational Risk supporting Head Office reporting (e.g., for HO ERM report and ORM report)
• Facilitate the staffing and skills assessment to ensure the bank has sufficient and qualified resources to support and sustain the effective execution and reporting of ORMF across the bank
• Develop and drive the bank-wide operational risk management framework related training and provide input to other operational risk relevant training (e.g., RCSA) to ensure a comprehensive overall training plan
• Lead and drive training both for the team and stakeholders across the bank sufficient to sustain the programs and
processes
• Hire, coach, develop staff supporting the ORMF Framework, Governance and related processes and provide performance
feedback
Salary : $200,000 - $220,000
