Enterprise Risk Manager

Brief Description

Impact

Oversees bank wide risk strategies to ensure safety, soundness and to avoid vulnerability.

Responsibilities

Directs the Bank’s Enterprise Risk Management (ERM) framework in order to ensure proper safety and soundness by implementing strategies, overseeing and managing the review process to ensure policy compliance and identifying credit risk exposure, risk ratings and problem loans.

Essential Functions

• Develops and maintains proficient knowledge of Bank products and services and corresponding risk, controls, and regulations.
• Creates and maintains risk and control matrixes for each Bank product to highlight key risks, corresponding controls, responsible party for complying with each control, and metrics to monitor and measure on an ongoing basis.
• Develops and executes an ongoing testing program to determine the level of risk with key controls; communicates instances of risk.
• Analyzes internal control weaknesses when identified; makes recommendations to appropriate managers to implement new or enhanced controls; ensures timely re-testing to determine if corrective actions have been effectively implemented.
• Provides guidance to management to ensure control issues are appropriately addressed.
• Develops and maintains tracking process to determine and report if corrective action plans are being addressed within agreed upon target dates.
• Develops, participates in, and reviews proposed changes to Bank policies and procedures for compliance with applicable regulatory and consumer/public interest laws, rules and regulations; provides recommendations for any necessary changes.
• Participates in new product development and provides input regarding risk concerns relevant to proposed and current Bank products and services.
• Determines root-cause of financial losses; makes recommendations to reduce likelihood of reoccurrence.
• Maintains liaison with internal and external auditors, and examiners.
• Prepares risk discussion agenda for monthly Audit Committee meetings.
• Oversees the ongoing review and evaluation of the quality of the Bank’s loan portfolio and credit administration processes.
  
  

Ancillary Functions

• Leads and delegates tasks in a clear and proper manner among assigned staff.
• Conducts annual performance reviews, providing clear feedback and follow through with corrective action if necessary.
• Provides coaching, recognition, motivation and skill development to staff members on a consistent basis.
• Communicates clearly among her/his teams, assuring all team members have the appropriate tools and information to perform according to expectations.
• Administers personnel policies and procedures, such as time and attendance.
• Assures adherence to Bank policies and procedures and federal and state regulatory requirements.
• Provides cross-functional support to other areas of the department and the Bank where service or assistance is needed.
• Performs tasks which are supportive in nature to the essential functions of the job, but which may be altered or re-designed depending upon individual circumstances.
  
  

Mandatory Training Curricula

Training is required of all Bank staff as related to regulatory mandated compliance topics and courses required for specific job functions. Career enhancement training courses are also available. Please refer to course catalog and management for details.

Competencies (refer to Competencies Library)

Skills

• Clearly communicates in English;
• proficient reading, writing, grammar, and mathematics skills;
• proficient interpersonal relations, communicative, and leadership skills;
• thorough knowledge of enterprise risk management, laws, and regulations affecting the banking industry;
• thorough knowledge of bank products, operations, and services;
• proficient PC skills, including Microsoft Office Suite and the Internet.
  
  

Physical Demands

The physical and related demands described in this section are representative of those that must be met by an employee to successfully perform the essential functions of this job. This job is mostly sedentary in nature, but may occasionally involve lifting files and other materials that weigh up to 20 lbs. Employees in this job must be able to work in an office environment during regular business hours where they come into regular and frequent contact with internal and external customers and other members of the public. Therefore, employees in this position are expected to have consistently positive interactions with the public.

Requirements

Education/Training

A B.S. or B.A. degree, or equivalent, in a related field; completion of Risk Management training and certification.

Experience

A minimum of five (5) years' experience in related positions normally required.

Salary Range

$137,765- $165,000

Be the face of change in your community.

On the frontlines, every interaction is an opportunity to empower someone financially, build trust, and drive lasting impact. Our retail teams are more than service providers—they are trusted advisors, community connectors, and everyday changemakers.

At Ponce Bank, your passion for people and service is your greatest strength.

Ponce Bank participates in the E-Verify program.