Director Of Risk Control Jobs in New Jersey (NOW HIRING)

Job information:

• Functional title - Vice President, Business Risk & Control
• Department - Chief Controls Office
• Corporate level - Vice President
• Report to - Director, Business Risk & Control
• Location - New Jersey
• Expected full-time salary range between $ 150,000 - $180,000 + variable compensation + 401(k) match + benefits.
  Note: Disclosure as required by NY Pay Transparency Law of the expected salary compensation range for this role.

This is an exciting opportunity for a talented individual to join our Chief Controls office (CCO), a dedicated first line risk and control function. 

This role offers the successful candidate the opportunity to make an impact and actively contribute to the evolution of the group.

As part of the CCO team, you will play a key role:

• Strengthening the oversight of non-financial risks, bringing risk and control subject matter expertise to partner with 1LOD business owners to proactively identify, assess and mitigate risks.
• Providing cross functional oversight across the first line, driving best practices and consistency in control standards for the effective control of risks to within risk appetite.
• Performing controls assurance testing across 1LOD, ensuring remediation plans are in place where appropriate, and partnering with 1LOD to establish a well understood and documented control environment.
• Driving behaviours to foster a risk-aware and risk intelligent culture where employees recognize their role as risk managers and the importance of the control framework.

What you will be doing:

The role would suit candidates with 1LOD control/ control remediation/ validation experience or external audit, 2LOD or 3LOD experience looking for an opportunity to move into 1LOD.

The candidate is a key member of the CCO team who will work closely with 1LOD business owners in the management of risk and controls. This includes but not limited to:

Risk Management & Control Framework

• Conduct risk assessments and control evaluations to identify gaps and process inefficiencies. Contribute to risk appetite statements and emerging risks.
• Carry out controls testing as part of RCSA and in remediation of issues and incidents
• Identify and deliver best practices in control standards across CLS and support the business in the identification of risks and controls.

Stakeholder Engagement

• Partner with business units, compliance, audit, and legal teams to enhance risk culture. Support audit engagements and work with the business to review the findings and define actions.
• Represent CCO in working groups as required.

Incident & Issue Management

• Support the identification, reporting, and resolution of risk incidents and control failures.
• Support business owners to design and implement controls proportionate to CLS, including supporting remediation activity
• Contribute to action plans to remediate issues, strengthen controls, and prevent recurrence consider design/operating effectiveness. Monitor and report on corrective actions.

Testing strategy and execution

• Contribute to the development of CLS's testing strategy and methodology
• Identify and deliver best practices in testing and control standards across CLS, engaging with the wider risk and controls teams to support continuous improvement
• Consistently deliver assigned components of the risk assessment and testing plan (RCSA - risk and control self-assessment) on behalf of risk and control owners including reporting progress, escalating concerns and closing out matters identified in testing

Data & Reporting

• Analyse risk trends and provide insights for proactive risk mitigation.
• Ensure accurate documentation and reporting of risk events, control testing, and remediation efforts.

What we're looking for:

• Proven experience of risk assessment, controls assurance testing and control delivery/remediation, either from a 1LOD ownership perspective or 2LOD/3LOD validation.
• Ability to assess, design, and enhance control environments and to drive a risk-aware culture across business units.
• Strong problem-solving skills, with a proactive approach to risk mitigation.
• Strong written and verbal communication skills.
• Attention to detail is essential, demonstrating high standards to the control and oversight of risk.
• Knowledge of Financial Services, Financial Markets Utilities or another highly regulated industry sector is essential.
• Strong communication skills and collaborative communication style
• Challenge the status quo, be a catalyst for change, driving and cultivating innovative thinking to solve complex problems. Ability to 'speak up', break down barriers and provide constructive challenge.
• Take professional pride in making a difference, being proactive and delivering best in class solutions, creating long term value by addressing root cause issues.
• Build effective working relationships with multiple internal and external stakeholders, negotiating effectively to bring different viewpoints together as appropriate.
• Manage ambiguity, operating effectively and decisively to navigate a path forward.

Professional qualifications / certifications

• Qualifications in any of the following specialisms would be beneficial but not essential:
• Risk Management
• Internal Audit
• Compliance
• Project Management
• Proficiency in Word, Excel, and PowerPoint and PDF. Experience of GRC systems is preferred.