Business Risk Partner-1

Company: Heartland Financial USA Inc
Location: Dubuque
Posted on: March 16, 2023

Job Description:

HTLF is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.HTLF is a diversified financial services company headquartered in Dubuque, Iowa. We deliver community banking at scale by powering our geographically diverse group of banks with technology, efficiency and strength - giving local decision-making the opportunity and insights to focus on customers and growth. Relationships have been the core of our company since its founding in 1981. We're deeply invested in the communities we serve, and that's why our clients choose us as their banking partners.What's different about a career at HTLF? We believe our employees and their diverse backgrounds, perspectives and skills are our greatest assets. We wouldn't be HTLF without the people with whom we surround ourselves and empower to enrich the lives of our customers, employees and communities. We're dedicated to making HTLF the best place to work - where your opinions are valued, your feedback and ideas are heard, and your opportunities for personal growth and professional development are endless.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.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
      Standard ADA Selection: Office and Administrative SupportScheduled Weekly Hours:40Time Type:Full timeThe targeted salary for this role is:$125,000.00You may also be offered incentive compensation, and benefits. Compensation may vary and is based on geographic location of the specific role as well as the skills and experiences of the selected candidate.

Keywords: Heartland Financial USA Inc, Dubuque , Business Risk Partner-1, Other , Dubuque, Iowa