Deposits Risk Director recruitment
Principal Accountabilities:
- Responsible for independent risk management oversight to support Deposit Products across all channels and position Ally for future success in the Deposits business.
- Oversee and collaborate to identify and assess deposit operational risks (people, process, fraud, execution, andreputation) and control gaps.
- Review, recommend and as needed, develop deposits risk mitigation strategies, processes, limits, rules and controls (e.g., layered risk controls) that ensure effective risk management for both existing and new products.
- Monitor, measure and report on risks and risk processes, controls and limits.
- Participate and represent Deposits Risk in the enterprise-wide fraud program initiative.
- Lead the development of a quality assurance program to review the effectiveness of critical deposit risk controls and compliance with the Deposits Risk Policy.
- Establish a standardized deposits risk scorecard, to include issue tracking.
- Partner with Operational Risk to provide subject matter expertise in the completion of the Deposits Key Process Assessment and Targeted Risk Assessments working.
Minimum Requirements:
Business and Technical Competencies:
• Experience in deposit risk or operational risk management
• Deposit product knowledge and in depth understanding of end-to-end deposit processes
• Working knowledge of operational risk frameworks (e.g., RCSA practices, loss event databases, KRIs) in a regulated environment (i.e., Basel II standards, FFIEC guidance, etc.)
• Strong analytical, computer, MsOffice and documentation skills, as well as orientation to accuracy and details
• Demonstrated experience in risk assessments, including process documentation, and data analysis skills
• Ability to support multiple assignments and meet tight deadlines in a team environment
• 10 to 15 years relevant experience in the financial services industry, including experience in risk management
• Good written and verbal communication skills; ability to communicate with executives
• Experience with operational risk management technology platforms eg Open Pages, Cognos tool, preferred but not required
Education:
• Bachelor’s degree in business, finance or related field
• MBA or industry certification preferred but not required
Skills:
- Solid understanding of banking industry regulatory and risk management requirements for including OCC, FFIEC, FSA, BASEL II, FDIC, etc.
- Solid risk management skills from credit, operational, and/or market risk experience
- Working knowledge of third party contractual terms and conditions
- Demonstrated leadership ability
- Track record of success in monitoring and managing programs
- Ability to interact effectively with multiple stakeholders with a variety of contacts
- Comfortable working in an evolving and matrixed environment
- High intellect, high energy and action oriented
- High degree of professional and personal ethics
- Strong presentation skills; particularly PowerPoint
- Excellent excel skills