Western Alliance Bancorporation

Product Risk Team Manager

Western Alliance Bancorporation$100K — $130K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 7+ years of experience in relevant fields like Product Management or Treasury Management Sales.
  • Bachelor's degree required; Masters or MBA preferred.
  • Leadership experience is essential.
  • In-depth knowledge of financial services and banking products.
  • Strong understanding of the Three Lines of Defense model and governance requirements.
  • Proven ability to implement policies into actionable routines across teams.
  • Exceptional analytical skills with a focus on reporting and risk assessment.
  • Strong organizational skills to manage multiple priorities in a dynamic environment.

Responsibilities

  • Lead and develop a team of Product Risk Specialists, ensuring effective execution and alignment with governance objectives.
  • Oversee product governance activities, ensuring adherence to policies and procedures.
  • Facilitate quality reviews of risk assessments, ensuring thorough process and documentation.
  • Partner with stakeholders to enhance risk identification and issue resolution processes.
  • Monitor product-related risks, audit findings, and governance reporting metrics.
  • Enhance governance documentation and coordinate training for stakeholders regarding requirements.
  • Identify process improvements to strengthen controls and reporting quality.

Benefits

  • Competitive salary and ownership stake in the company.
  • Comprehensive medical and dental insurance.
  • Generous paid time off and a robust 401k matching program.
  • Tuition assistance and employee volunteer programs.
  • Wellness program for employee health and well-being.
  • Opportunity to gain hands-on business knowledge and finance management experience.
Full Job Description

Job Title:

Product Risk Team Manager

Location:

CityScape

What you'll do:

The Product Risk Team Manager will also support the continued maturity of product governance standards by strengthening operating procedures, improving reporting, coaching team members, and driving disciplined execution across new product approvals, product changes, enhancements, deactivations, ongoing monitoring, and policy adherence activities.
  • Lead, coach, and develop a team of Product Risk Specialists and Senior Product Risk Specialists, ensuring clear priorities, consistent execution, timely delivery, and strong alignment to Product Management governance objectives.  Provide oversight of product governance activities across assigned product portfolios, including new product approvals, product modifications, enhancements, deactivations, ongoing monitoring, product risk ratings, and Product and Services Risk Assessments.  Ensure consistent adherence to the Product Management & Governance Policy, Product and Services Governance Operating Procedure, Product and Services Risk Management standards, and related enterprise risk, compliance, change management, and documentation requirements.
  • Oversee the facilitation and quality review of Products and Services Risk Assessments, including intake readiness, stakeholder identification, evidence tracking, risk mitigation documentation, SME signoffs, and governance materials for First Risk Council, PPIC, ESPI, or other applicable forums.  Establish and maintain team operating standards, templates, job aids, procedures, routines, and quality controls to drive consistency across product governance execution and policy adherence monitoring.  Serve as an escalation point for product risk and governance questions, helping Product Managers and Product Team Leaders navigate policy requirements, risk assessment expectations, documentation needs, and approval pathways.
  • Partner with 1LOD and 2LOD stakeholders to promote effective risk identification, credible challenge, issue resolution, control alignment, and timely mitigation of product-related risks.  Monitor product-owned issues, audit findings, policy exceptions, control gaps, and governance follow-up items to support timely remediation, evidence retention, reporting, and escalation when needed.  Lead development of management reporting, dashboards, KPIs, KRIs, attestations, and governance metrics to provide visibility into policy adherence, PSRA status, product risk trends, issue aging, and lifecycle documentation completeness.
  • Support ongoing maintenance and enhancement of product governance documentation, including procedures, process maps, source-of-record expectations, product catalog data, risk rating documentation, and evidence repositories.  Coordinate cross-functional communication, training, readiness, and change management activities to ensure Product Managers, business lines, and stakeholders understand product governance requirements and their responsibilities across the product lifecycle.  Identify opportunities to simplify processes, strengthen controls, improve reporting quality, enhance stakeholder experience, and mature the Bank’s product governance and risk management framework.

What you'll need:

  • 7+ years of related experience in Product Management, Treasury Management Sales or similar field.
  • Bachelor's degree in related field required; Masters or MBA in related field preferred.
  • Previous leadership experience required.
  • Advanced knowledge of general financial services or banking products and services.
  • Advanced understanding of the Three Lines of Defense model, 1LOD ownership expectations, 2LOD credible challenge, risk appetite alignment, audit readiness, and governance evidence requirements.  
  • Demonstrated ability to interpret policies and procedures, translate requirements into executable routines, and drive consistent adoption across business lines and product teams.
  • Advanced analytical skills with the ability to develop meaningful reporting, identify trends, assess risk themes, track remediation progress, and present insights to senior leadership.  
  • Strong organizational, stakeholder management, problem-solving, and prioritization skills, with the ability to manage multiple priorities, influence without direct authority, and drive accountability across cross-functional teams.  
  • Prior experience leading, mentoring, or coordinating risk, product, governance, analyst, or project resources in a fast-paced, cross-functional environment required.
  • Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
  • Advanced knowledge of banking products, including treasury management, credit cards, as well as pricing dynamics. Market specific awareness.
  • Advanced experience with Product Management Methodology including new product launches, road mapping, business cases, product enhancements, communication and marketing plans, and robust executive management presentations and reporting development.
  • Advanced speaking and writing communication skills.
  • Occasional travel required.

Benefits you’ll love:
We offer all the important things you'd want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

About Western Alliance Bancorporation

Western Alliance Bancorporation is a bank holding company that provides a range of banking and related services to businesses and individuals. The company was founded in 1994 and is headquartered in Phoenix, Arizona. Western Alliance Bancorporation operates through its subsidiary banks, which include Western Alliance Bank, Bank of Nevada, and Bridge Bank. The company offers a variety of products and services, including commercial and industrial loans, real estate loans, treasury management, and wealth management. Western Alliance Bancorporation is committed to providing exceptional customer service and has received numerous awards and recognitions for its performance and growth.
Learn more about Western Alliance Bancorporation
Size
3,139 employees
Market Cap
$6.2 billion
Industry
Net Income
$506.6 million
5 Year Trend
+18.8%
NASDAQ

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