The Director Risk Assessments and Monitoring will build and lead core compliance risk oversight , testing and monitoring efforts. This role will be responsible for managing a team of compliance professionals, developing and executing plans, collaborating with stakeholders and ensuring the organization's adherence to regulatory requirements and internal policies.
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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.
Required Skills:
- Strong knowledge of regulatory requirements and compliance frameworks.
- Demonstrated experience leading and managing teams.
- Highly motivated with the ability to multi-task productively and collaboratively with keen attention to detail.
- Demonstrated experience managing and embracing transformations in a complex organization.
- Proficiency in compliance management software and tools.
- Strong interpersonal skills and the ability to build relationships with stakeholders.
- Excellent organizational skills; ability to manage multiple high priority initiatives at once.
- Strong PC skills for Microsoft Office -- PowerPoint, Word, Excel, and Outlook, Teams, Sharepoint.
Required Experience:
- Bachelor's degree in Finance, Law, Business Administration, or a related field.
- Minimum of 7 years of experience in compliance testing and monitoring, preferably in the financial services industry.
Preferred Experience:
- Master's degree
- Certified Regulatory Compliance Manager (CRCM) from the Institute of Certified Bankers (ICB/ABA),
Exact compensation may vary based on skills, experience, and location.
$142,900.00
$255,800.00
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Valley National Bank
$142,900.00-$255,800.00
Mar 06, 2025