Job SummaryResponsible for development and implementation of the organization's enterprise risk program with special emphasis on data analysis, independent challenge and oversight.
Job Duties and Responsibilities - Takes a leadership role within ERM in researching best practices to further mature the ERM program. Participates in development of ERM strategic plans and is assigned specific roles for execution. Serves as thought leader to implement new ERM programs as bank grows or mature existing ones.
- Leads 2 or more core risk programs, including the Enterprise Issues Management program and 1st Line Risk Champion program, including providing subject matter expertise to 1st and 2nd line business partners and communicating risk management topics in a business-forward manner that helps risk awareness and ownership permeate the bank.
- Executes ERM programs including variable compensation, policy management & governance, and other programs as directed.
- Responsible for assessing and monitoring risk exposure, as well as assisting in identification of risk exposure, across all business lines and companies within Synovus. Maintains a specialty in one or more categories of risk and may attend the related management risk committee. Stays current with regulatory standards and industry best practices for the risk management specialty. Assists business units in establishing key risk indicators, setting risk tolerances acceptable to Synovus, and ensuring appropriate controls are in place.
- Advises business line management whether activities and risks are within the Synovus risk appetite. Measures risk exposures against limits and reports those beyond approved tolerance levels. Provides continuous feedback and recommendations on risk mitigation to management.
- Chairs and manages at least one risk forum, which may be Policy Governance Council, Risk Champion Forum, etc. Makes decisions on behalf of Enterprise Risk within various committees, councils and forums as the assigned representative. May be required to establish and direct new forums as needed to enhance the risk oversight in Synovus.
- May lead significant internal strategic projects within ERM or represent risk management on Synovus strategic projects.
- Interacts confidently with executive management, banking regulators and all risk monitoring areas of the company.
- Develops board and management reporting on key and emerging risks, mitigation efforts, and analyzes alternative sources of risk information and automation. Incumbents are likely to serve as liaisons with the Risk Committee of the Board, IT, HR, General Counsel or other support areas within the Company.
- Continuously expands risk management knowledge to create a broad understanding of banking systems and processes across the organization, with a focus on non-operational risks.
- Leads or assists in ongoing enterprise wide risk assessments, with a goal of determining material risks and establishing risk mitigation plans that assist the business with achieving its objectives.
- May orient, train, assign and review work of junior level team members.
- May create and deliver risk-based training as appropriate, working closely with Learning and Development.
- Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion.
- Performs other related duties as required.
The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Synovus is an equal opportunity employer committed to fostering an inclusive work environment.
Minimum Education:- Bachelor's Degree in Business Administration, Finance or related discipline, or an equivalent combination of education and experience
Minimum Experience:- 7+ years job specific experience in risk management, with a proficient knowledge in one or more risk areas
Required Knowledge, Skills, & Abilities:- Team oriented with ability to effectively interact with a wider variety of people across the footprint
- Can articulate information concisely and accurately
- Can communicate effectively and comfortably with all levels of management; able to speak up and command presence
- Able to influence team members across the organization by providing appropriate leadership and direction in the ERM activities
- Detail oriented, but comprehends the big picture
- Capable of managing multiple priorities; works well under deadlines
- Proficient in Microsoft Word and Excel
- Excellent verbal and written communication skills
- Flexibility to work additional hours, including evenings and weekends as necessary, to meet deadlines
- Organized, dependable, results oriented
