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Director Of Risk Control Jobs in Connecticut (NOW HIRING)

Northwest Community Bank

RISK ANALYST

Canton, CT · On-site

... Control Self-Assessments (RCSAs), identifying risks, evaluating controls, and recommending mitigation strategies. * Support administration and adherence of enterprise risk management programs ...

Northwest Community Bank

RISK ANALYST

Canton, CT · On-site

... Control Self-Assessments (RCSAs), identifying risks, evaluating controls, and recommending mitigation strategies. * Support administration and adherence of enterprise risk management programs ...

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Director Of Risk Control information

What are the key skills and qualifications needed to thrive as a Director Of Risk Control, and why are they important?

To thrive as a Director Of Risk Control, you need strong expertise in risk management, regulatory compliance, and business operations, often supported by a relevant degree and certifications such as CRM or CPCU. Familiarity with risk assessment software, data analysis tools, and enterprise risk management systems is typically required. Leadership, strategic thinking, and excellent communication skills set outstanding professionals apart in this role. These competencies are critical for effectively identifying, mitigating, and communicating risks to protect organizational assets and ensure regulatory compliance.

What does a Director of Risk Control do?

A Director of Risk Control is responsible for developing and implementing strategies to identify, assess, and mitigate potential risks that could impact an organization. They oversee risk management programs, ensure compliance with regulations, and work closely with other departments to promote a safe and secure environment. Their work often involves analyzing data, conducting risk assessments, and providing guidance on best practices to minimize losses or liabilities.

What is the difference between Director Of Risk Control vs Risk Analyst?

AspectDirector Of Risk ControlRisk Analyst
CredentialsBachelor's degree, often advanced certifications (e.g., ARM, CPCU)Bachelor's degree, often certifications like CRM or FRM
Work EnvironmentStrategic planning, leadership, cross-department collaborationData analysis, risk assessment, report preparation
Employer & IndustryInsurance, finance, large corporationsInsurance, finance, consulting firms
Search & Comparison IntentUnderstanding leadership roles in risk managementAnalyzing risk data and assessments

The main difference is that the Director Of Risk Control oversees risk management strategies and leads teams, while a Risk Analyst focuses on analyzing data to identify and assess risks. The director has broader responsibilities and strategic oversight, whereas the analyst is more involved in data-driven risk evaluation.

How does a Director of Risk Control typically collaborate with other departments to implement effective risk management strategies?

A Director of Risk Control works closely with departments such as operations, legal, compliance, and finance to identify, assess, and mitigate risks across the organization. This role often involves leading cross-functional meetings, developing training programs, and ensuring that risk control policies are integrated into daily business processes. Effective collaboration requires strong communication skills, as the Director must translate complex risk concepts into actionable steps for various teams. Regular reporting and feedback loops help ensure that risk management strategies remain aligned with organizational goals and regulatory requirements.
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Director Of Risk Control jobs near you

First Line Risk & Control Manager

Moneycorp Bank Limited

Stamford, CT

Full-time

Medical, Dental, Vision, Retirement

Posted 20 days ago

Job description

Who We Are:
 
Moneycorp powers global payments for corporates, institutions and high net worth individuals, combining worldwide reach with local expertise. With over 45 years of market experience, two banking licences and offices in 11 countries, our technology delivers 24/7 accessibility, while our people deliver award-winning service. In 2024, we supported $1tn+ of payment volume, reaching 190 countries in 130 currencies. Our 32k+ corporate clients benefit from our regulatory resilience with 63+ permissions globally, access to major payment rails, and our proprietary technology.   
 
Moneycorp is a place where energy, commitment, and collaboration are core to our values of shared success. We’re restless in our drive to surpass the expectations of our customers and unlock opportunities to support them at every stage of their journey. The foundation of our success is our people, and nurturing a culture of belonging for all our colleagues is central to our journey as a global business.  
 
In North America, our offices are in Stamford, Orlando, Providence, and Toronto. We are licensed to operate in each US State, and in Canada at the Federal level we are registered with FINTRAC and at the Provincial level in Quebec. 
 
Role Purpose:
 
We are looking for a First Line Risk and Control Manager to join the US Bank as part of the Global FLRC team, ensuring the effectiveness, sustainability, and strategic alignment of non-financial risk and control framework and processes across the organization. This role will involve developing, implementing, and optimizing the control environment to enhance accountability, transparency, and efficiency in managing non-financial risks in the 1st Line of Defence.  
 
The First Line Risk and Control Manager will be responsible for assisting in the development, oversight and management of the risk and control environment within the first line of defence. This role involves assisting with identifying, assessing, and mitigating risks; identifying and assessing controls; remediating internal and external identified issues and findings and ensuring the first line comply with internal policies and regulatory requirements. 
 
Key Responsibilities: 
 
  • Risk Identification and Assessment: Assist in the identification and assessment of risks within the US Bank, ensuring that all potential risks are documented and evaluated, and assisting in implementation of the new RCSA framework. 
  • Control Implementation: Assist in the design / identification, implementation, and maintenance of effective controls to mitigate identified risks. Assist in the identification of control gaps or where control enhancements may be required. Ensure that controls are embedded within business processes, documented and evaluated regularly. 
  • Monitoring and Reporting: Assist in the design of control monitoring and report on the effectiveness of controls and on risk and control metrics to senior management. Provide regular updates on the risk landscape and control environment. 
  • First Line Accountability: Promote greater first line ownership of risk management activities alongside championing a strong risk culture.  
  • Incident Management: In conjunction with the impacted team(s), ensure Root Cause Analysis is conducted, and appropriate remediation activities are identified and implemented. 
  • Compliance: Ensure compliance with internal policies, procedures, and regulatory requirements. Work closely with compliance and audit teams to address any issues or findings. 
  • Audit: Provide support to auditees in designing and developing appropriate tactical and strategic Management Action Plans to remediate risks identified in a timely manner, with the appropriate level of governance and oversight. 
  • Training and Awareness: Develop and deliver training programs and guidelines to enhance risk awareness and control understanding among front-line colleagues. 
  • Collaboration: Collaborate with second and third lines of defence, to ensure a cohesive approach to risk management.  
  • Continuous Improvement: Identify opportunities for process and control improvements and implement changes to enhance the risk and control framework. 

What We're Looking For: 

  • Minimum of 7 years of experience in risk management, internal audit, or a related field. 
  • Strong understanding of risk and control frameworks, including the three lines of defence model. 
  • Strong analytical and problem-solving abilities. 
  • Proficiency in data analysis tools and technologies, including experience with process automation. 
  • Happy collating data and writing supporting commentary for an executive audience. 
  • A consultative style with the ability to work collaboratively across all business units and establish credibility quickly. 
  • A self-starter, able to work independently and make prioritisation decisions. 
  • Strong communication and interpersonal skills. 
 
Education / Qualifications:
  • Bachelor's degree in Finance, Business Administration, Risk Management, or a related field. 
 
What We Can Offer You: 
  • This position is full-time permanent, operating on a hybrid working model from our office in Stamford.   
  • This role offers a salary range between $140,000-$165,000 per annum + bonus scheme and a comprehensive benefits package  
  • Medical, Dental, Vision  
  • 401k: 4% matched
Fostering a culture of belonging and inclusivity  
We're committed to creating a workplace where every individual feels valued, respected, and included. As an Equal Opportunity Employer, we actively cultivate an inclusive culture where diversity thrives, and we empower our colleagues to drive meaningful change within our organization through Employee Engagement initiatives and value champion networks. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.
Like many of our peers, we recognize that fostering inclusivity is an ongoing journey, and we remain steadfast in our commitment to progress. By measuring our efforts through regular assessments and listening to the feedback of our employees, we strive to ensure that our initiatives are impactful and responsive to the evolving needs of our workforce. 
Together, we want to build a workplace where everyone can bring their authentic selves to work, as we believe this is the foundation of innovation, creativity, and collective success.  
Interested?
If this role sounds like a good fit for you, please click on the “Apply Now” button to submit your application.
For discover more about Moneycorp and how we’re leading the way in global payments and currency risk management, please visit our News Hub and various social media platforms Facebook, Twitter UK, Twitter Americas, Instagram, LinkedIn.

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