Sr. Director, Risk Management - LOD1

$185,000 - $195,000/Yr

Early Warning Services - New York, NY

Full-time - Senior

Hybrid - New York, NY

1,001-5,000 employees

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services

About the position

The Senior Director, Risk Management at Early Warning is responsible for developing and implementing a centralized first-line of defense (LOD1) risk and internal control program across various business lines. This role ensures that risk programs and controls are consistently applied and effective, addressing all types of risks including strategic, operational, compliance, and financial. The position involves collaboration with Enterprise Risk Management to align with the Three Lines of Defense (3LOD) framework and drive a culture of risk management throughout the organization.

Responsibilities

• Build, lead and drive the business line's centralized LOD1 function, including strategic vision and implementation plans.
• Act as business-line liaison to Enterprise Risk Management, Operational Risk Management, and Compliance in support of the company's 3LOD program.
• Drive a culture of risk management and ownership through the business and enterprise.
• Assist business leaders in assuming appropriate risk management accountabilities and responsibilities.
• Work with Compliance and other Risk functions to understand and monitor applicable regulations and requirements.
• Lead first line risk management activities such as the execution of Risk and Control Self Assessments.
• Partner with Business Continuity Management on business' participation in BC/DR tests.
• Oversee and monitor the business-lines' third-party relationships, including performance and risk management.
• Lead the design and build of process maps in alignment with Early Warning's Process Classification Framework.
• Own and maintain business-lines' process inventory and internal control environment inventory.
• Design, maintain, and report metrics (KPIs and KRIs) demonstrating control effectiveness.
• Identify and self-report issues through the ERM Self-Identified Issue Process.
• Direct the first line's testing and monitoring of controls by risk owners.
• Ensure risk remediation plans exist and are sufficient for all gaps and issues; track remediation plans to completion.
• Develop and drive periodic executive level reporting regarding business risk management activities.
• Develop a 1st LOD risk management governance framework across the business lines.
• Deliver education and awareness of risk ownership essentials.
• Monitor and update assessments of the control environment.

Requirements

• Bachelor's degree in Business Administration, Finance, Accounting or related field.
• Minimum of ten (10) years of financial services industry experience.
• Minimum of seven (7) years of experience within a three-lines of defense program.
• Demonstrated experience in multiple risk disciplines including technology, security, product, regulatory and compliance, and third-party risk.
• Demonstrated success leading risk functions in a 3LOD environment.
• Strong influencing skills and ability to lead in a matrixed environment.
• Ability to work effectively in a complex, highly regulated environment.
• Excellent problem-solving and change management skills.
• Working knowledge of regulatory requirements specific to the business-lines.
• Excellent communication, organization, and interpersonal skills.

Nice-to-haves

• Experience interacting with executive management.

Benefits

• Healthcare Coverage - Competitive medical (PPO/HDHP), dental, and vision plans.
• Company contributions to Health Savings Account (HSA) or pre-tax savings through flexible spending accounts (FSA).
• 401(k) Retirement Plan with a 100% Company Safe Harbor Match on the first 6% deferral.
• Unlimited Time Off for Exempt employees and generous PTO for Non-Exempt employees.
• 11 paid company holidays and a paid volunteer day.
• 12 weeks of Paid Parental Leave.
• Maven Family Planning support for parenting journey.