What are the responsibilities and job description for the Director, Risk Assessment, Testing & Monitoring position at Valley Bank?
Responsibilities include but are not limited to :
- Lead and manage the second line of defense risk assessment, testing and monitoring team including and not limited to Regulatory Compliance, Wealth Management Compliance, Financial Crime Compliance, Operational Risk, Third Party Risk, Privacy, amongst other risk areas.
- Develop, implement, and oversee comprehensive methodology, scoring, risk assessment, feedback loops, remediation, including developing risk-based testing and monitoring plans. This includes developing compliance risk appetite metrics, related key risk indicators to measure risk of non-compliance with relevant laws, regulations, and internal policies.
- Conduct and supervise regular reviews and assessments of compliance risks, controls and processes.
- Collaborate with various business and corporate functional units to understand their business areas and risks, document and report issues and recommend corrective actions.
- Prepare and present detailed reports on second line oversight outcomes to senior management.
- Provide guidance, training, and mentorship to staff and assist in the development and maintenance of related policies and procedures.
- Participate in internal and external audits as needed.
