ERM Oversight Manager – Enterprise Resilience, Physical Security, and People/Talent Risk
Fifth Third Center Cincinnati, United States
Fifth Third Bank
Fifth Third Bank has all the personal banking solutions to suit your needs. Learn about the features and benefits of our personal bank account today!Make banking a Fifth Third better®
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.
ERM Oversight Manager – Enterprise Resilience, Physical Security, and People/Talent Risk
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 the Bank's Risk Management Framework and adds value to the business/function in managing their risks.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Understands all Operational Risk Program elements (i.e. RCSA, BCRA, KRI, Third Party Risk Management, Business Continuity Management, etc.) methodology, governance, standards and procedures, including templates and overall framework.
- Provide guidance and training to the line of business or functional groups on effective implementation of the Enterprise Risk Management Framework.
- Assist lines of business (LOBs) and functional areas in developing and maintaining risk management procedures in accordance with program standards. Significant visibility with senior management.
- Engages with LOB (1st Line of Defense) and 2nd Line of Defense category experts on LOB or process specific risk assessments and provides independent oversight and credible challenge on risk tolerance and/or requirement decisions made by the 1st Line of Defense.
- Partners with 2nd line of defense risk category experts in vetting process and initial impact assessment of identified legal or regulatory changes.
- Provides oversight as 1st line of defense completes their impact assessment and determination of changes needed and risk rating of the change. Provide challenge of noted risk rating as needed.
- 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.
- May participate in or lead program councils
- Reviews operational trends for assigned areas and reviews escalated items.
- Provides oversight and credible challenge to operational loss root cause analysis and action plans.
- Provides oversight and monitoring of issue, incident and loss event aggregation and reporting.
- Performs and may direct periodic reviews of 1st Line of Defense procedures and provides guidance for new processes.
- Validates identified risks and controls and escalates gaps for discussion.
- Manages consistent RCSA usage and output per the RCSA policy/standards/procedures. Escalates items for challenge while engaged in oversight of RCSA activities (i.e. risk ratings).
- Clearly documents risk challenge and point of view for senior leadership.
SUPERVISORY RESPONSIBILITIES:
Responsible for providing employees with 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.
MINIMUM KNOWLEDGE, SKILLS AND ABILITES REQUIRED:
- Bachelor's degree in related field or equivalent experience.
- 5 years of prior Risk, Legal, or Compliance experience (financial institution background preferred)
- Certifications such as CISSP, CRISC, CISM, CBCP, CBCI, BCI, CBCM, ABCP, MBCP, and/or PMP preferred
- Previous management experience preferred.
- Position requires broad knowledge of banking products, services and operations, and ability to identify risks and controls.
- Strong understanding of cyber security, IT and operations disaster recovery processes and how to use data analysis to implement risk assessments, risk mitigations, and incident tracking
- Experience in inspiring and leading change
- Strong negotiation and conflict resolution skills
- A deep understanding of different risk domains (e.g., Information Security, Privacy, Compliance, Third Party, Business Continuity, Disaster Recovery etc.) and their unique requirements
- Expertise in reviewing, understanding and implementing regulatory requirements and industry standards
- Experience optimizing risk management or large scale transformational programs for efficiency
- Strong experience addressing senior-level leadership and the ability to collaborate and lead cross-functional teams and initiatives
- A clear understanding of the Bank's approach to the management of operational risk, or equivalent experience gained in other organizations.
- Strong knowledge and understanding of operational risk functions for targeted Lines of business and functional areas. Understanding of the core elements of an effective risk management Program including RCSA (risk and control self-assessment) and key risk indicators and key control indicators desired.
- Professional verbal and written communication skills and the ability to influence at all levels of management.
- Demonstrated intellectual curiosity, ability to identify risks and ability to apply broadly and drive conceptual framework to tactics.
- Must be analytical and possess the ability to interpret and apply policies, laws and regulations across a complex business (es).
- Must be results and goal oriented, possess sound judgment and ability to apply logical/critical thought processes when approaching work or making recommendations for solutions.
- Ability to work within a team environment and maintain professional composure in a dynamic work environment that requires multiple demands, shifting priorities, and rapid change.
- Must be able to maintain independence and objectivity in all aspects of position.
- Working knowledge of Microsoft office products. Demonstrated ability to learn applications and internal banking systems.
- Knowledge of GRC systems such as Archer, ServiceNow, and Fusion Risk preferred.
#LI-GM1
ERM Oversight Manager – Enterprise Resilience, Physical Security, and People/Talent RiskLOCATION -- Cincinnati, Ohio 45202
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
* Salary range is an estimate based on our InfoSec / Cybersecurity Salary Index 💰
Tags: Banking CISM CISSP Compliance CRISC Governance Monitoring Privacy Risk assessment Risk management RMF
Perks/benefits: Career development
More jobs like this
Explore more career opportunities
Find even more open roles below ordered by popularity of job title or skills/products/technologies used.