What are the responsibilities and job description for the Executive Director of Compliance Risk Management position at Madison-Davis, LLC?
A well-established global corporate bank with offices in New York & Jersey, is looking to bring on a Executive Director, Risk Oversight & Assessments to join their team. This role offers a hybrid schedule with one day in the office each week.
Key Responsibilities:
- Lead the enterprise-wide Compliance Risk Assessment program, ensuring risks are consistently identified, assessed, and effectively mitigated.
- Oversee the Risk and Control Self-Assessment (RCSA) process, ensuring it accurately reflects the risk environment and evaluates control effectiveness.
- Design and implement methodologies to measure, monitor, and test compliance risks, enabling early identification of emerging issues.
- Collaborate with senior management, business leaders, and regulators to provide strategic insight on compliance risks and mitigation approaches.
- Establish clear reporting and escalation processes to deliver transparency and communicate key findings to governance bodies.
- Mentor and develop compliance staff to enhance team expertise and strengthen risk assessment capabilities.