Business Risk Partner (REMOTE)

Company: First Bank and Trust
Location: Dubuque
Posted on: June 8, 2021

Job Description:

FirstBank Lubbock Bancshares began with the vision of one man, Barry Orr, and a promise. Barry promised his wife and friends that he would start a bank that would become profitable through relationships, hard work and determination. "It is our goal to be the BEST community bank in the Lubbock area," states Barry Orr, Chairman & CEO. "We knew we could help build a better Lubbock by serving the needs of customers our way."

THIS IS A 100% REMOTE WORK FROM HOME OPPORTUNITY.

The Business Risk Partner works closely with line leadership and the Director of ERM to facilitate the effective management of risks as a first line of defense. This includes identification and assessment of risks, design and maintenance of controls, and coordination of corrective action/responses by the business line to unacceptable levels of risk for dedicated area(s). It includes periodic reporting on the business unit's risks. The role provides subject matter expertise for risk-related issues arising from the area's sales, services, products, or operations while implementing the global risk framework, and is actively involved in the business unit's 3rd party risk and model risk management activities.

Primary Responsibilities

• Acquires and maintains a deep understanding of the objectives, activities, risks, and controls for the area(s) supported.
• Identifies risks and performs risk assessments. Identifies and maintains an inventory of all the major risks in the area, and applies the standard ERM framework and risk taxonomy to them.
• Monitors the effectiveness of controls.
• Evaluates inherent risk (from both business impact and likelihood perspectives), control effectiveness, and residual risk after controls.
• Identifies gaps and opportunities for enhancement of controls.
• Maintains a current inventory of controls. Assures that they are properly updated and approved by relevant governance processes and the Board.
• Engages with senior management in the unit on the design of policy, procedure and controls. Assists in their development or enhancement, to include the authoring of documents in some cases.
• Creates and reports on identified risks and effectiveness of controls.
• Identifies metrics that can be used as Key Risk Indicators (KRIs) and their limits and tolerances.
• Provides reports and guidance to management within the unit and submits data to the ERM aggregation function.
• Coordinates within the unit on corrective action or response management needed for risk management issues.
• Facilitates, coordinates and administers, to help ensure that the unit stays on-task and on-time, and that the response provided is acceptable for meeting the risk management needs.
• Develops recommendations for improving internal controls.
• Creates and maintains appropriate documentation of processes and procedures.
• Oversees 3rd party risk management administration within the unit.
• Gathers information and prepares 3rd party risk assessments and control analyses.
• Ensures proper vendor risk ratings through the administration of periodic vendor reviews, maintaining ticklers, preparing review plans, and the timely and quality completion of review plans.
• Supports model risk management administration within the unit as identified.
• Gathers model documentation and/or other model related items at the direction of the Model Risk Governance Manager.
• Assists with model identification at the direction of the Model Risk Governance Manager.
• Addresses questions and provides training, as needed.
• Completes annual E-Learning Plan and Bank Secrecy Act (BSA) training as assigned and keeps up-to-date knowledge of BSA as it relates to the job function.

Secondary Responsibilities

• Performs other duties as assigned.

Management Responsibilities

• This job has no management responsibilities.

Qualifications

• Bachelors Business Administration/Management, Finance, Risk Management required or
• Equivalent combination of education and job experience required
• 5-7 years experience in the line of business to be supported or transferable experience within a bank required
• Ability to maintain the highest level of confidentiality
• Ability to manage duties independently, with limited supervision
• Ability to communicate with, and provide training to, employees at all levels of the organization
• Strong analytical and critical thinking skills
• Strong written and oral communications skills
• Strong organizational skills
• Proficiency using Microsoft Office Suite

Scheduled Weekly Hours:

40

Time Type:

Full time

Keywords: First Bank and Trust, Dubuque , Business Risk Partner (REMOTE), Other , Dubuque, Iowa