Enterprise Risk Business Partner ? Payments Organi

Location: Cincinnati
Posted on: November 20, 2024

Job Description:

GENERAL FUNCTION: Drive effective implementation of the Enterprise Risk Management (ERM) Framework across multiple lines of business or a single, complex line of business by partnering with the line(s) to ensure that enterprise risk management programs are implemented in a manner that is consistent with enterprise risk management standards and adds value to the business in managing their risks.

ESSENTIAL DUTIES & RESPONSIBILITIES:

* Provide guidance and training to the line(s) of business on effective implementation of the enterprise risk management framework.

* Promote open and effective communication between ERM and the line(s) of business on risk issues and risk management methodologies.

* Assist line(s) of business in developing and maintaining risk management procedures in accordance with ERM standards. Strong visibility with Senior management.

* Manage the new product risk review process, providing leadership to ensure that product proposals receive adequate and timely reviews by risk experts, and that sufficient research regarding relevant industry and regulatory trends is conducted priortoproduct roll out.

* Research and communicate industry trends relating to operational and other less quantifiable risks, including operational breakdowns occurring within the financial services industry, new regulatory guidance, and new tools and methodologies formanagingthese risks.

* Support department efforts to integrate risk assessments across the enterprise, and ensure that businesses and support functions continually update assessments as information on new products, risks, and internal control deficiencies becomes available.

* Provide guidance to line managers in identifying and monitoring Key Risk Indicators that represent early indicators of key drivers of risk for the area.

* Coordinate the development of risk dashboards, combining information tracked at the enterprise level such as Key Risk Indicators, with information on top and emerging risks obtained through discussion with the line managers.

* Maintain knowledge of the organization, policies and objectives within the assigned area.

* Notify management in the assigned area of changes to applicable enterprise-level policies and risk limits.

* Review line of business policies for completeness and adherence to the Bancorp#s risk appetite, and ensure that policies are maintained centrally in the Policy Center.

SUPERVISORY RESPONSIBILITIES:

Responsible for providing employees timely, candid and

constructive performance feedback; developing employees to their fullest potential and provide

challenging opportunities that enhance employee career growth; developing the appropriate talent

pool to ensure adequate bench strength and succession planning; recognizing and rewarding

employees for accomplishments.

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