Director, Operational Risk Management

Cornerstone Capital Bank

$120K — $150K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in finance, business, or risk management; Master's preferred.
  • Minimum 10 years in operational risk management, ideally in banking.
  • Experience in developing and implementing risk management frameworks.
  • Strong understanding of regulatory requirements related to operational risk.
  • Excellent communication skills to influence across all organizational levels.
  • Proven leadership and team management experience.
  • Proficiency in utilizing risk assessment techniques and tools.

Responsibilities

  • Lead the implementation of the operational risk management framework.
  • Identify and assess operational risks using various techniques.
  • Collaborate with departments to establish risk management processes.
  • Monitor operational risk controls and suggest improvements.
  • Provide leadership and mentorship to a team of risk professionals.
  • Work with other risk management functions for cohesive strategy.
  • Ensure compliance with regulation and best practices in risk management.
  • Develop reports and presentations on risk management for senior leaders.

Benefits

  • Medical, Dental, and Vision insurance.
  • Accidental Death coverage.
  • Long-Term and Short-Term Disability insurance.
  • Flexible Spending Account (FSA) and Health Savings Account (HSA).
  • 401K plan.
  • Basic Life and Voluntary Life insurance.
  • Paid Parental Leave benefits.
Full Job Description
Who we are looking for:
We are seeking a highly skilled Operational Risk professional to join Cornerstone Capital Bank, reporting directly to the Managing Director of Operational Risk. This role is responsible for executing and overseeing key Operational Risk programs across the organization, including Issue Management, New Products and Initiatives, and Model Risk, while ensuring compliance with regulatory requirements and adherence to sound risk management practices.

Operating under the direction of the Managing Director, this position partners closely with business units and control functions to implement risk strategies, policies, and procedures, provide day-to-day leadership of operational risk activities, and coordinate with other risk management disciplines to support a consistent, enterprise-wide risk management framework.

What you'll do:

  • Lead the development and implementation of the operational risk management framework, including policies, procedures, and controls.
  • Identify and assess operational risks across the organization, using a range of risk assessment techniques and tools.
  • Collaborate with business units and departments to develop and implement risk management processes.
  • Monitor the effectiveness of operational risk controls and identify opportunities for improvement.
  • Provide leadership and guidance to a team of operational risk professionals, including setting performance objectives, providing coaching and mentorship, and conducting performance evaluations.
  • Collaborate with other risk management functions, such as credit, market, and liquidity risk, to ensure a holistic approach to risk management.
  • Ensure compliance with regulatory requirements and industry best practices in operational risk management.
  • Participate in the development and implementation of the bank's overall risk appetite and risk management strategy.
  • Prepare and present reports and presentations on operational risk management to senior management and the board of directors.


What you'll need to be successful:

Success in this job relies on your time management skills, organization, and positive attitude. In addition, you'll need the following qualifications:

  • Bachelor's degree in a relevant field, such as finance, business, or risk management. Master's degree preferred.
  • Minimum of 10 years of experience in operational risk management, preferably in the banking industry.
  • Proven experience leading the development and implementation of operational risk management frameworks and policies.
  • Strong understanding of regulatory requirements and industry best practices in operational risk management.
  • Excellent communication and interpersonal skills, with the ability to influence and persuade at all levels of the organization.
  • Strong leadership, problem-solving, and decision-making abilities.
  • Proficiency in risk assessment techniques and tools, such as risk mapping and scenario analysis.
  • Experience leading and managing a team of professionals.
  • Relevant risk management certifications preferred.


What we offer:

Because we recognize and reward hard work, we offer a competitive salary, Medical, Dental, Vision, , Accidental Death, Long-Term Disability, Short-Term Disability, FSA, HSA, 401K, Basic Life, Voluntary Life, and Paid Parental Leave benefits, as well as the opportunity for a performance based bonus based on position and department.

What to do next:

If Cornerstone sounds like the place for you (and if you have the qualifications, drive, and passion to match), we invite you to become a member of our winning team! And remember, once you're part of our Cornerstone family, we'll continue to invest in you as a valuable asset in our company. As many of our team members can tell you, there's something special about working at Cornerstone.

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