Company Description
For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we've enjoyed fundamentally comes down to our people. Here at IDB, you'll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.
Job Description
This role is for an Operational Risk Manager who acts as the second Line of Defense for Operational Risk in the bank. As an Operational Risk Manager your role will be to identify and limit the risks associated with the Bank's operations.
The position requires an experienced candidate with strong technical, communication, and organization skills. The candidate should be fluent in industry best practices and regulatory expectations for Operational Risk.
The ability to work well with senior stakeholders within the firm and with our regulatory colleagues is essential as this role has high visibility within the bank.
Essential functions include:

• Identification and management of risks through execution of the operational risk framework.
• Providing effective challenge to the first line of defense.
• Proposing solutions to risk issues.
• Facilitate the Risk and Control Self-Assessment ("RCSA") Program.
• Provide guidance and challenge on Operational Risk Incidents.
• Build out the Key Risk Indicator population across the bank.
• Execute Scenario Analysis and Risk Awareness Training.
• Focus on innovation and use of technology to better identify, assess and manage Operational Risks.
• Provide senior management with information to assess the current risks and forecast risks within the business through taxonomy driven analytics.
• Assist with adopting a continuous improvement mindset in the embedding of operational excellence principles.
• Coordinate and collaborate, while building strong relationships, with Audit, Compliance, Operations, IT, Business Lines, and others as appropriate.
• Create, maintain and administer a sustainable framework for efficient and effective Operational Risk reporting across relevant Executives and Committees.
• Providing strategic advancement of fraud detection and prevention techniques.

Qualifications

• Minimum 10 years of experience in the Financial Industry.
• 5 years of experience in Operational Risk or equivalent function.
• Strong analytical skills and proven ability to develop solutions to complex problems, including those that are analytical, process, and/or data oriented in nature.
• Ability to understand varied business functions quickly and to assess the impact and severity of findings and control issues.
• Strong knowledge of internal control principles.
• The candidate must be able to manage many workflows and processes. The ability to condense complex issues and processes into consumable and practical actions for senior management and key stakeholders alike is critical.
• The individual should be well versed with Operational Risk Frameworks and effective challenge.
• Strong communication skills in both verbal and written form are required as the work involves frequent interaction with senior management and other stakeholders as well as internal / external auditors and regulators.
• Understanding banking and market products, risk methodologies, practices and procedures.

Compensation
The expected annual salary for this position is between $140,000 and $160,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual's skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.
Additional Information
The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:

• Those with a known mental or physical disability.
• Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
• Victims of domestic violence, sex offenses or stalking.
• Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual's accommodation needs; potential accommodations that may address the individual's accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.
The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee's request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.
Disclaimer
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
All your information will be kept confidential according to EEO guidelines.
IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.