What are the responsibilities and job description for the VP, BUSINESS RISK AND CONTROL (BRC) OFFICER position at Solugenix?

VP, Business Risk and Control (BRC) Officer $120k - $165k

El Monte, CA (Onsite)

Direct Hire

Job ID 24-09323

Solugenix is looking for a VP, Business Risk and Control (BRC) Officer . This is a direct hire opportunity in El Monte, CA (Onsite).

The VP, Business Risk and Control (BRC) Officer has reporting lines to EVP of the Business / Division(s) (direct reporting relationship) and SVP, Director of ERM (indirect reporting relationship). The primary responsibilities of the BRC Officer include identifying, assessing, monitoring, and reporting of all relevant risks related to the assigned Division(s) to manage risk exposure, and timely escalation of risk issues. The BRC Officer will need to use exceptional communication and relationship management skills as part of working directly with the business(es) and other first line and second line SMEs to regularly assess risk exposures and effectiveness of controls as part of a sound first line testing and risk management program. This role will require the individual to develop and apply in-depth knowledge of the bank's risk management policies, guidelines, and practices with a strong focus on first line execution. The BRC Officer will also utilize the bank's existing GRC tools and engage with the second line Enterprise Risk Management team to ensure effective risk reporting to senior leadership and the Board. The BRC Officer will be expected to execute the Risk Management Framework and is responsible for promoting a risk-aware culture within their assigned division(s).

Qualifications :

Education : Bachelor's or master's Degree (Finance, Risk Management, Economics, Mathematics, Statistics, or related fields).

Experience :

5-10 years of experience in a banking environment, preferably in a first-line BRC-related role or a second-line risk management role.
7 years of experience in risk management within the financial services industry or in management consulting, serving in risk-related roles (operational risk management is preferred).
Strong knowledge of banking operations, products, and services and their related first-line internal operating processes.
Knowledge of applicable regulatory compliance obligations, industry standards, practices, and expectations such as FDIC risk management guidelines and OCC Heightened Standards.
Experience working with Governance, Risk, and Compliance (GRC) technology tools.
Advanced level experience working in Microsoft Office applications, including Word, Excel, PowerPoint, Visio, and Access.

Skills / Ability :

Ability to prioritize and multi-task various concurrent risk projects and initiatives.

Previous experience in the financial services industry and / or risk management.

Strong project management experience.

Demonstrated ability to think critically and facilitate change through effective internal collaboration efforts.

Strong interpersonal, verbal, and written communication skills.

Self-motivated, disciplined, and task-focused, with an ability to effectively structure and present complex topics in an easy-to-understand executive presentation format.

Proven record of delivering high-quality results within strict deadlines.

Ability to effectively utilize GRC tools (e.g., Diligent and ServiceNow) to execute key functions including conducting risk assessments, monitoring risks and metrics, tracking issues / remediation plans, performing analysis, and generating reports.

Demonstrated ability to interact effectively, internally, and externally, with the most senior representatives of organizations, regulators, and vendors.

Responsibilities :

Responsible for jointly managing the risks with the EVP(s) of each assigned Division(s).

Coordinate and conduct all key risk activities across the Division(s) to ensure material / key risks are identified, escalated, managed, and remediated timely.

Work collaboratively within the assigned Division(s) as well as with second line and third line to coordinate risk management reporting and internal audit requests.

Act as a subject matter expert on key business processes and related risk exposure and control activities within the respective assigned division(s).

Apply the bank's approach in executing key risk management program components across all first-line operational, financial, reputational, and strategic risks including but not limited to Risk and Control Self-Assessment (RCSA), fraud risk assessments, Key Risk Indicators (KRI), issues management, and operational loss analysis.

Responsible for conducting annual enterprise risk assessment for the assigned Division(s) by ensuring business / strategic plans are consistent with the Bank's Risk Appetite Framework and limits, and the Division(s) objectives, success factors, and risk profile.

Support the effective challenge of RCSAs completed by the first line and ensure necessary updates are made, as needed.

Work with the front-line business unit line in assessing controls design, and operating effectiveness, and suggesting enhanced controls and mitigation measures, as needed.

Maintain ongoing dialogue with key business representatives to ensure material risks are integrated into their decision-making.

Build and coordinate quarterly risk reports for respective risk review meetings.

Assist and represent the first line during internal and external audits and regulatory examinations.

Act as SME and assist in the development of Division-level policies and procedures.

Train and facilitate first-line team members to identify key preventative and detective controls.

Develop and update actionable risk management dashboards for their respective Division(s) to include key risk indicators. Ensure alignment of management reports within the business line risk report.

Coordinate the completion of risk-mitigating action plans and provide status updates on open / closed issues.

Define report performance metrics and KRI to monitor high risks to Division(s) using data collected from risk issues solutions. Provide root cause analysis on all breaches to identify gaps and assist with remediation efforts.

Investigate large or repetitive loss events impacting the Division(s) to assess potential systemic weakness and ensure appropriate corrective action is taken.

Stay abreast of specific reporting standards, regulatory requirements, and bank system changes / enhancements.

Assist with research and special risk-related initiatives as needed.

Annual Base Salary Range for CA, CO, IL, NJ, NY, WA, and DC : $120,000 to $165,000. Actual compensation offered may vary depending on factors including but not limited to, position offered, location, education, training, and / or experience.

Solugenix will consider qualified applicants with a criminal history pursuant to the California Fair Chance Act and Ordinance. Applicants do not need to disclose their criminal history or participate in a background check until a conditional job offer is made to you. After making a conditional offer and running a background check, if we are concerned about conviction that is directly related to the job, applicants will be given the chance to explain the circumstances surrounding the conviction, provide mitigating evidence, or challenge the accuracy of the background report.

About the Client

Our client is one of the largest commercial banks in Southern California.

About Solugenix

Solugenix is a leader in IT services, delivering cutting-edge technology solutions, exceptional talent, and managed services to global enterprises. With extensive expertise in highly regulated and complex industries, we are a trusted partner for integrating advanced technologies with streamlined processes. Our solutions drive growth, foster innovation, and ensure compliance-providing clients with reliability and a strong competitive edge.

Recognized as a 2024 Top Workplace, Solugenix is proud of its inclusive culture and unwavering commitment to excellence. Our recent expansion, with new offices in the Dominican Republic, Jakarta, and the Philippines, underscores our growing global presence and ability to offer world-class technology solutions. Partnering with Solugenix means more than just business-it means having a dedicated our financial client focused on your success in today's fast-evolving digital world.

Salary : $120,000 - $165,000

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