This position is responsible for consulting with, educating and supporting Paze on the execution of enterprise and operational risk programs, promoting an environment of risk awareness and ownership in the business and supporting the adherence to the Company's risk appetite. This role will help to ensure timely execution of risk program requirements, including risk and control self-assessments, reporting as required by various governance committees and the identification and escalation of risks and issues with business unit management and second line of defense risk partners. This position also serves as a subject matter expert on risk programs, policies, and frameworks for the business unit(s) it supports.
Essential Functions
Risk, Control, and Issue Management • Serves as a risk subject matter expert, providing guidance and process coaching to the business unit, to understand, create and maintain a comprehensive and complete process, risk, and control universe including the execution of Product Risk Assessment and Risk and Control Self Assessment and related duties in the Software Development Lifecycle process. • Ensures timely identification, remediation, mitigation and escalation of risks and issues and consults with business line management to ensure the efficient and accurate execution and closure of issues. • Oversee the development and execution of the business unit's risk-based testing and monitoring program and ensure control testing and/or monitoring is completed in accordance with the Company's risk program framework and professional standards. • Provide instruction on adequate monitoring of the business-line's third-party relationships, including both performance and risk management. • Manage audits and regulatory exams; work across business lines to gather and coordinate regulatory exam documentation; obtain leadership approval; monitor to ensure on time delivery of exam documentation to regulatory relations lead.
Risk Governance and Culture • Collaborate with business line leadership to manage risks within the Company's risk appetite, and support key decision-making activities. • Understand and adhere to the Company's regulatory requirements, policies, standards, and procedures and create procedures within the business unit, as needed, to operationalize and ensure adherence to relevant requirements. • Educate, train, and advise business leaders on risk management practices and activities. • Lead business through ongoing identification of current and emerging risks.
Reporting and Analytics • Aggregate and analyze risk data to support reporting and analytics for risk management use by the business and second line. • Track audit and exam deliverables to ensure timely completion and evaluate provided materials for relevance, accuracy and completeness against exam or audit requests; provide guidance and revision recommendations for deliverables that are not meeting requirements; Track and report status of remediation work by owners of exam and audit findings, as applicable. • Work with business on content for risk reporting and updates to senior management, risk committees, internal audit, and external oversight bodies. • The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow instructions and perform other related duties as assigned by their supervisor.
Minimum Qualifications • Education and/or experience typically obtained through completion of a bachelor's degree in Business Administration, Finance, Accounting, or other related field of specialty. • Minimum of six or more years of risk management experience, preferably within financial services using the three lines of defense model. • Strong understanding of risks, controls, and issues management. • Demonstrated ability to work effectively in a complex, highly regulated environment. • Working knowledge of regulatory requirements related to financial services, consumer facing products and payments. • Experience and success working and directing cross-functional teams • Persuasive communication, organization, and presentation skills. • Effective influence management skills with experience challenging peers and managers with contrasting views. • Ability to direct a team on managing risk management responsibilities while addressing unexpected events. • Background and drug screen
Preferred Qualifications • Knowledge of COSO's Internal Control - Integrated Framework, or similar • Legal/paralegal or Compliance experience • Certification in risk management • First line of defense risk management experience.
Physical Requirements
Working conditions consist of a normal office environment. Work is primarily sedentary and requires extensive use of a computer and involves sitting for periods of approximately four hours. Work may require occasional standing, walking, kneeling and reaching. Must be able to lift 10 pounds occasionally and/or negligible amount of force frequently. Requires visual acuity and dexterity to view, prepare, and manipulate documents and office equipment including personal computers. Requires the ability to communicate with internal and/or external customers.
Employee must be able to perform essential functions and physical requirements of position with or without reasonable accommodation.
The pay scale for this position in:
New York, NY in USD per year is: $130,000 - $160,000.
This pay scale is subject to change and is not necessarily reflective of actual compensation that may be earned, nor a promise of any specific pay for any specific candidate, which is always dependent on legitimate factors considered at the time of job offer. Early Warning Services takes into consideration a variety of factors when determining a competitive salary offer, including, but not limited to, the job scope, market rates and geographic location of a position, candidate's education, experience, training, and specialized skills or certification(s) in relation to the job requirements and compared with internal equity (peers). The business actively supports and reviews wage equity to ensure that pay decisions are not based on gender, race, national origin, or any other protected classes.
Additionally, candidates are eligible for a discretionary bonus, and benefits.
Some of the Ways We Prioritize Your Health and Happiness • Healthcare Coverage - Competitive medical (PPO/HDHP), dental, and vision plans as well as company contributions to your Health Savings Account (HSA) or pre-tax savings through flexible spending accounts (FSA) for commuting, health & dependent care expenses. • 401(k) Retirement Plan - Featuring a 100% Company Safe Harbor Match on your first 6% deferral immediately upon eligibility. • Paid Time Off - Unlimited Time Off for Exempt (salaried) employees, as well as generous PTO for Non-Exempt (hourly) employees, plus 11 paid company holidays and a paid volunteer day. • 12 weeks of Paid Parental Leave • Maven Family Planning - provides support through your Parenting journey including egg freezing, fertility, adoption, surrogacy, pregnancy, postpartum, early pediatrics, and returning to work.
And SO much more! We continue to enhance our program, so be sure to check our Benefits page here for the latest. Our team can share more during the interview process!
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
Early Warning Services, LLC ("Early Warning") considers for employment, hires, retains and promotes qualified candidates on the basis of ability, potential, and valid qualifications without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote equal employment opportunity and affirmative action, in accordance with all applicable federal, state, and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our employees.