First Line of Defense Risk Manager II (Hybrid/Richmond, VA)

The First Line of Defense (FLOD) Risk Manager II is the risk champion within the line of business function. The FLOD Risk Manager II will play a critical role in supporting Line of Business (LOB) senior management in ensuring that a cohesive structure and process exists to manage the various risk impacts that face the line of business. Responsibilities include collaboration with the LOB to implement the integrated risk management framework, as a key component of the Enterprise Risk Management (ERM) Program. The integrated risk management framework sets forth the enterprise level governance, policies and practices to proactively identify, assess, mitigate, monitor, and report on risk exposures in LOBs.

Position Accountabilities

• Build relationships with all levels of leadership to effectively manage risk within the LOB.
• Support the Head of Business Risk in evolving and maturing first line risk management practices, in close partnership with 2^nd line independent risk management functions and in consultation with 3^rd line assurance functions as appropriate
• Guide line of business implementation and execution of the bank's risk management framework, including supporting risk programs, methodologies and practices
• Play a lead role in line of business risk identification, assessment, measurement, and response, including risk mitigation and remediation of control gaps or deficiencies.
• Advise on business risk strategies and risk taking decisions that enable the business to operate in a well-managed way and within the established and agreed upon risk appetite. Provide risk transparency to business and risk leadership through regular monitoring and reporting
• Partner closely with management on the development of key risk metrics, process controls, new products, change controls, business cases, risk assessments, policies & procedures, incentive plans, and LOB risk profile. Ensure appropriate coverage of controls and KRI's for business risk taking activities.
• Engage in research, peer networking, and experience to anticipate critical risk issues impacting the LOBs.
• Collaborate with other Risk Managers of LOBs and second line partners, to develop and implement well-managed risk practices.
• Drive the implementation and execution of the risk management framework across the business entity, including the implementation of the Archer - Integrated Risk Management (IRM) solution.
• Present to LOB and Risk Management executives and senior management as necessary.
• Obtain and maintain necessary training to keep current on regulatory compliance and bank operations.

Organizational Relationship

This position reports directly to the Head of Business Risk.

Internal - Extensive contact with LOB leadership and Risk Management teammates. Frequent contact with executives, other LOB leadership, and audit teammates.

External - Occasional contact with regulatory agencies regarding policies and procedures. Contact with third party vendors.

Position Qualifications

Education & Experience

• Bachelors degree in Business or a related field or equivalent experience.
• 10+ years of combined experience in consumer banking leadership and/or risk management.

Knowledge & Skills

• Experience in risk management and regulatory compliance as it relates to consumer banking.
• Strong communication skills both verbal and written.
• Deep understanding and experience in assessing risk in each component of a complex LOB.
• Demonstrated leadership capability, including knowledge of process review improvement techniques and the ability to lead through change.
• A proven track record of establishing a proactive, constructive dialogue and partnering effectively with business leaders.
• Advanced written, oral, interpersonal and negotiating skills with ability to prepare and present technical presentations and guide internal customers.
• Advanced computer skills including word processing, spreadsheet and database applications.
• The FLOD Risk Manager is expected to work with risk managers and other key stakeholders in multiple lines of business, including Consumer Banking, Business Banking, Wholesale Banking, Wealth Management, Home Loans, and Consumer Lending,
• Direct demonstration of experience or equivalent combination of education and experience, transferable skills from second or third lines of defense in the execution of risk and control self-identification, new product risk assessment and issue management across these functions is preferred.
• Regulatory compliance experience FINRA, OCC, CFPB and FRB desired.

Salary offered will be based on several factors including but not limited to education, work experience, certifications, etc. This position is also eligible to participate in either an applicable incentive compensation plan for the position or a discretionary profit sharing bonus program. General information on our comprehensive benefits package can be found by visiting https://www.atlanticunionbank.com/about/careers/benefits.

We are proud to be an Equal Employment Opportunity employer. We maintain a drug-free workplace.