Enterprise Risk Management & Model Risk Management Senior Manager at ConnectOne Bank

Melville, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

15 Jun, 26

Salary

220000.0

Posted On

17 Mar, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Enterprise Risk Management, Model Risk Management, Risk Control Self-Assessment, Key Risk Indicator, Risk Appetite Statement, Model Validation, Regulatory Knowledge, COSO Framework, Banking Operations, Data Analysis, Reporting, Stakeholder Challenge, Policy Review, Vendor Selection, Project Management, Communication

Industry

Banking

Description

Description About us: ConnectOne Bank proves that putting people first is a better way to do business. At ConnectOne, we’re builders — of businesses, communities, and equity. Most importantly, we’re building opportunities. Our mission is to ensure our employees feel empowered to make important decisions, reach their potential and truly make an impact. ConnectOne is a growth organization by design; it is part of our DNA and we take pride in seeing our employees grow with us. Founded in 2005 by an entrepreneur, we have grown into a high-performing commercial bank, inspiring a new model for our industry’s future. By embracing technology and all the ways it can help us become a world-class service organization, we support small business owners by fueling their mission. People First is the blueprint for our culture. It is at the foundation of everything we do and the decisions we make. At ConnectOne, you have the opportunity to be a part of a dynamic culture and team. Develop your forward-thinking skills, thrive in an entrepreneurial setting, and succeed at “a better place to be”. ConnectOne Bank is an Equal Housing and Equal Opportunity Lender, and a member of the Federal Deposit Insurance Corporation. About this role: The Enterprise Risk Management (ERM) & Model Risk Management (MRM) Senior Manager is a cornerstone of the Bank’s Second Line of Defense. Reporting directly to the Chief Risk Officer, this role serves as a strategic partner responsible for designing and executing frameworks that protect the Bank’s capital and community mission. In this role you will: Support the Bank’s “People First” focus and rules of engagement—maintaining a professional demeanor, working as an active member of the CNOB team, providing clients excellent service, always striving to make CNOB “A Better Place to Be” Enterprise Risk Management Collect and analyze documentation, analyze market trends, develop reporting, provide effective challenge over stakeholder findings, and communicate results clearly and efficiently. Review and assess risk management policies and protocols; makes recommendations and implements modifications and enhancements. Draft and present risk reports, proposals, and other findings to senior leadership. Lead and contribute to the design and implementation of risk management frameworks based on industry leading practices. Design and maintain a robust Risk Control Self-Assessment (RCSA) framework across all business lines. Develop and maintain a common library of risks and controls that reflects the Bank’s current and emerging risk profile. Assist in decision making process of selecting an appropriate vendor for a Governance Risk & Control Platform. Manage the Bank’s Key Risk Indicator (KRI) program, establishing thresholds that provide early warning signals to senior management. Synthesize complex data into high-level risk dashboards for the ERM Committee and Board Risk Committee. Lead the preparation of the quarterly ERM profile and contribute to the annual Risk Appetite Statement review. Provide expert guidance on risk-taking activities to ensure new products and services align with the Bank’s Risk Appetite. Assist in the decision-making and implementation process for a Governance Risk & Control (GRC) platform. Model Risk Management Identify and manage model risk across the model lifecycle including model development, implementation, and utilization, including the following: Oversee the full Model Risk Management lifecycle, ensuring all financial and analytical models are inventoried and validated. Prepare written analysis of validation work. Coordinate validation and provide effective challenge to model components throughout the model lifecycle, including modeling data and input, model methodology and performance, model implementation and ongoing monitoring, model assumptions and limitation, and model governance and documentation. Manage interaction with model owners and developers during the model lifecycle. Present model validation results, including findings and model ratings, to model owners, users, senior management and, when requested, regulators and Internal Audit. Review and monitor remedial actions taken by model owners and developers to ensure the findings are properly and timely addressed. Provide guidance to model risk analysts in the course of the validation process. Contribute to strategic, cross-functional initiatives within ERM. Must haves: Strong “People First” interest and ability. Knowledge of relevant Federal and State banking regulations (CFPB, FDIC, NJDOB, etc.). Strong knowledge of risk and control frameworks (COSO, for example) and how to apply them to risks such as model risk, other operational risks, and non-financial risks. Familiarity with banking operations and systems (e.g., nCino, FIS) or other financial technology firms that play in the banking space. Strong analytical and communication skills, both oral and written. Strong knowledge of Word, Excel, and Office. Familiarity with process mapping (e.g., Visio). Strong knowledge of bank products and services. Knowledge of project management concepts (e.g., RACI matrices, project planning). Strong analytical and technical skills, problem-solving abilities, and attention to detail. Ability to work on both fast-paced tactical work and longer-term strategic initiatives. Exceptional sense of curiosity while prioritizing progress over perfection. 10+ years of risk management experience with at least 5 years with responsibility for Model Risk Management preferred. Bonus Points For: Bachelor’s degree preferred Additional information Benefits: World class health, vision, and dental benefits on day one 401k with employer match Hybrid work from home (depending on role) Employee appreciation events (team building, softball games, food truck days, etc..) Employee assistance programs (EAP) Wellness programs (flu shot, preventive care, health programs and services discounts, etc..) Tuition reimbursement Employee Discount perks CNOB Community Service Events ….and much, much more! Studies have shown that individuals from underrepresented groups, may only apply to roles if they meet 100% of the qualifications. Roles evolve over time, especially with innovation, and you may be just the person we need. We hope you're open to learning new skills and growing with us. We encourage you to apply to continue making us “a better place to be!” ConnectOne Bank is an equal opportunity employer and does not discriminate with respect to any term, condition or privilege of employment based on race, color, religion, sex, sexual orientation, gender identity or expression, age, disability, military or veteran status, marital status, or status of an individual in any group or class protected by applicable federal, state, or local law. ConnectOne Bank also provides reasonable accommodations for qualified individuals with disabilities in accordance with the Americans with Disabilities Act and applicable state and local laws. If an accommodation is needed to participate in the job application or interview process, please contact Talent Acquisition.

Responsibilities

This strategic role, reporting to the Chief Risk Officer, is responsible for designing and executing Enterprise Risk Management (ERM) and Model Risk Management (MRM) frameworks to protect the bank's capital and mission. Key duties include managing the RCSA framework, leading KRI programs, synthesizing risk data for committees, and overseeing the full model risk management lifecycle.