FLOD Risk Manager I (Bank Operations) (Hybrid/Richmond, VA)

The First Line of Defense (FLOD) Risk Manager I is the risk champion that works in the FLOD Business risk team and is assigned to a line of business stakeholder. The FLOD Risk Manager I plays a critical role in supporting Line of Business (LOB) senior management in ensuring that a cohesive structure and process exists to identify, assess and control the risks underlying the business processes.

Responsibilities include collaboration with the LOB to implement and execute on the requirements of the integrated risk management framework, as a key component of the Enterprise Risk Management (ERM) Program. The integrated risk management framework sets forth the enterprise level governance, policies and practices to proactively identify, assess, mitigate, monitor, and report on risk exposures in LOBs.

Position Accountabilities

• Build relationships with all levels of leadership to effectively manage risk within the LOB.
• Leads execution of Risk and Control Self-Assessment (RCSA) for LOB and documents risk and controls in Archer system utilizing standard risk and control articulation guidelines.
• Play a lead role in the identification, evaluation, and remediation of risk deficiencies and risk events including root cause analysis and process improvement recommendations. Partner with appropriate second and third line areas such as BSA/AML, Compliance, Audit, Fraud, Legal, Security, Operational Risk, etc., as necessary to ensure risk events are properly addressed, documented and reported.
• Utilize effective challenge to promote two-way dialogue on strategic business and risk decisions, provide transparency to business and risk leadership before issues arise, and enable the business to grow within established and agreed upon risk appetite.
• Partner closely with management on the development of key risk metrics, process controls, new products, change controls, business cases, risk assessments, policies & procedures, incentive plans, and LOB risk profile.
• Identifies, manages and escalates risks and risk limit breaches encountered in daily activities and immediately logs the issue to Archer system
• Engages LOB executive on details of all relevant issues in LOB and administers on time delivery of remediation plans
• Reviews all issues to identify any themes across the organization that require escalation or additional self-id issues for department
• Incorporates issue management, themes and rationale for remediation approach in Quarterly Risk profile reports, as applicable.
• Documents departmental product risk assessments for business process change and new product introduction, ensuring appropriate level of governance and approval are documented
• Documents departmental incentive plan risk assessments and ensure governance review and approval of the plans annually.
• Engage in research, peer networking, and experience to anticipate critical risk issues impacting the LOBs.
• Collaborate with other Risk Managers of LOBs and second line partners, to develop and implement well-managed risk practices.
• Collaborate between first and second line of defense to implement the framework for standards and practices relative to risk management, in the context of the broader ERM program
• Drive the implementation and execution of the risk management framework across the business entity, including the implementation of the Archer - Integrated Risk Management (IRM) solution.
• Present to LOBs and Risk Management executives and senior management as necessary.
• Participate on any management level committees as appropriate relative to risk and compliance oriented activities.
• Interact with regulators as needed and maintain a working knowledge of Federal and State banking laws and regulations.
• Obtain and maintain necessary training to keep current on regulatory compliance and bank operations.

Organizational Relationship

This position reports directly to the Head of Business Risk.

Internal - Extensive contact with Banking leadership and Risk Management (ERM, FIU, Compliance) teammates. Frequent contact with executives, other LOB leadership, audit and supplier management teammates.

External - Occasional contact with regulatory agencies regarding policies and procedures. Contact with third party vendors.

Position Qualifications

Education & Experience

• Bachelor degree in Business or a related field or equivalent experience.
• Must have 8 or more years of combined experience in operational and compliance risk management, audit and/or banking leadership
• Preferred knowledge in Bank Operations (Loan Services, Deposit Services, Payments and Treasury Support)

Knowledge & Skills

• Experience in risk management and regulatory compliance as it relates to consumer or commercial banking.
• Strong communication skills both verbal and written.
• Deep understanding and experience in assessing risk in each component of a complex LOB.
• Demonstrated leadership capability, including knowledge of process review improvement techniques and the ability to lead through change.
• A proven track record of establishing a proactive, constructive dialogue and partnering effectively with business leaders.
• Advanced written, oral, interpersonal and negotiating skills with ability to prepare and present technical presentations and guide internal customers.
• Advanced PC skills including word processing, spreadsheet, process mapping and database applications.

Salary offered will be based on several factors including but not limited to education, work experience, certifications, etc. This position is also eligible to participate in either an applicable incentive compensation plan for the position or a discretionary profit sharing bonus program. General information on our comprehensive benefits package can be found by visiting https://www.atlanticunionbank.com/about/careers/benefits.

We are proud to be an Equal Employment Opportunity employer. We maintain a drug-free workplace.