Director, Business Controls

Location: Cincinnati
Posted on: January 14, 2021

Job Description:

As first line of defense, provides strategic business leadership and direction around key activities within the business related to identifying, assessing, mitigating and managing risk and ensures the existence of appropriate product and platformsupervisory controls. Oversees and evaluates the various components of the business and operating functions across the collective and individual businesses. This highly visible position will lead a team that works across the line of business orfunction to ensure transparency and understanding of operating issues, risk, and opportunities, including the sound governance, administration and oversight of business activities. Evaluates the industry, market and regulatory environment to anticipatechanges and help ensure appropriate alignment with potential business scenarios.

ESSENTIAL DUTIES & RESPONSIBILITIES:

. Directs and manages governance and risk related processes for one or more complex business groups.

. Defines the strategy and implements controls, policies and procedures to increase effectiveness and efficiency across the business and platforms

. Exercises judgment and influences senior business managers and peers to ensure enforcement of strong risk and governance management while balancing business strategy

. Works with senior leadership to develop, implement and communicate Business Controls mission, goals and strategies within the Enterprise Risk Management (ERM) framework

. Proactively manages the relationships with regulatory agencies, external consultants and other internal business control groups.

. Highlights control breakdowns, inadequate processes, and unexpected events and implements corrective actions to address process and control deficiencies

. Ensures compliance with all applicable laws, regulations, standards and requirements

. Manages and provides comprehensive reporting that captures and prioritizes key issues resulting from the business, control functions, audit or other internal and external sources.

Strategic

. Establishes a set of processes that include first line of defense risk limits, with policies ensuring that risks are

effectively identified, measured, monitored and controlled, consistent with the Bank''s risk appetite statement, concentration risk limits and the Bank''s policies within the Enterprise Risk Management Framework

. Effectively executes organization design and effectiveness to establish a structure that maximizes governance and productivity with the appropriate talent

Identification

. Maintains a complete and current inventory of all the material processes, product lines, services and functions, with the associated key risks and their thresholds

. Establishes and maintains a comprehensive list of all governing regulations within the LOB or function, and is responsible for a continual, forward-looking scan of industry, regulatory and legal trends and changes

. Evaluates risks associated with new product and strategic initiatives prior to formal project review (‘is this within appetite'') and determines mitigating controls

Assessment

. Execute periodic Risk & Controls Self-Assessment (RCSA); owns all content of RCSA and tests

. Designs processes and tests to control quality and consistency of expected outcomes

Management and Mitigation

. Develops and executes on-going metrics tracking, monitoring and review processes (e.g., Key Risk Indicators (KRIs), Operational Losses)

. Establishes appropriate measurement framework including dashboards and reporting to measure the effectiveness of the established standards and practices

. Provides guidance and training to the division''s centers of excellence on effective implementation and monitoring of the enterprise risk management framework.

. Promotes open and effective communication between ERM, the division''s leadership and the centers of excellence on risk issues and risk management methodologies.

. Assists centers of excellence in developing and maintaining risk management procedures and defining of

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