Head of Risk & Compliance - San Marcos CA & Greater Philadelphia
American Cybersystems, Inc.

Job Info

---

Innova Solutions is immediately hiring for a Head of Risk and Compliance

Position type: Full time
Duration: Full time role
Location: San Marcos, CA OR Greater Philadelphia

As a Head of Risk and Complianceyou will:

Onsite/Hybrid Position in San Marcos, CA OR Greater Philadelphia

Our client is a technology-first sponsor bank, primarily focused on serving Fintechs and other innovative Brands to bring creative solutions to market. We are looking for a leader for our Enterprise Risk and Compliance Team as we expand our Third-Party Relationships and the diversity of programs offered. The ideal candidate will be a creative problem-solver, solution-driven, to devise a risk management framework that supports innovation while mitigating risks to the bank and our strategic partners.

Responsibilities/Duties

• Establish and maintain the bank's Enterprise Risk Management (ERM) Framework ensuring that the right risks are identified and are being managed, the assessments of the likelihood and consequences of each identified risk are current and realistic, and plans for managing each identified risk, including decisions to bear any risks unmitigated, are appropriate and effectively implemented. This includes making decisions and taking action for incident resolution.
• Report to the board and the executive team on various issues, including insurance, IT security, financial audits, internal audits, global business variables, fraud prevention, and other internal corporate matters.
• Design and share strategic risk management priorities in the company's overall strategic plan.
• Plan and execute information assurance strategies to protect against and manage risks associated with the use, storage and transmission of data and information.
• Implement operational risk management and mitigation processes to prevent losses caused by insufficient or failed procedures, systems, or policies.
• Mitigate the company's primary threats by developing risk maps and strategic action plans to reduce known business risks.
• Respond promptly with actions to resolve incidents and reduce risk when issues arise from, for example, identity theft, network breaches or account takeovers.
• Understand the business from end-to-end, front to back, with the ability to evaluate potential risk caused by fraudulent activity.
• Produce and distribute risk analyses and progress reports to company executives, board members and employees.
• Identify and quantify the amount of risk that the company should be taking - this is known as risk appetite and should be in line with an approved business plan.
• Prepare budget and oversee risk management and mitigation projects.
• Keep stakeholders and board members informed about the business's risk profile and assessments.
• Review, maintain, and upgrade the risk and compliance processes, including the Compliance Management Framework (CMS), regarding all vendors inclusive of third-party partners/Fintechs.
• Enhance (through education, mentorship, staffing and/or technology) the skillsets and knowledge of the risk and compliance team.
• Establish the Bank's stress testing framework that covers the major risks (Credit, Operational and Liquidity Risks).
• Review and ensure completion of periodic Credit Portfolio analysis to ensure that the Bank's risk appetite with regard to the Credit risk management processes is maintained and achieved.
• Help build best practices that enforce a proactive approach towards credit review, monitoring, reporting, and control in order to maintain the asset portfolio within acceptable quality parameters.
• Develop, maintain, and update the bank's internal capital adequacy assessment in line with the bank's Strategic Plans, Capital requirements and risk management practices.
• Ensure the necessary policies, procedures and controls are in place with regard to complying with applicable laws, regulations and international standards and best practices applicable to the Banking Industry.
• Ensure the bank is in compliance with various internal policies and procedures, external regulations, and relevant laws at state and federal levels.

Essential Functions

While performing the essential functions of this position, the employee is regularly required to operate a computer terminal with repetitive motion. Physical requirements of this position are considered sedentary work involving preparing documentation, preparing, and analyzing data and figures, viewing a computer terminal, extensive reading, and resolving inquiries. Some amount of mobility to access files, attend meetings, both on and off site, and perform property inspections is necessary. The employee is expected to converse with internal and external customers and exchange information.

Knowledge - Skills & Abilities

• BS in Business, Finance, Economics, or equivalent professional experience required - Master's Degree is preferred.
• Minimum of 10 years' experience in Banking, RegTech, or Fintech, with a minimum of 5 years' relevant experience in Risk Management at a Senior Manager level in a commercial and retail bank environment, including management experience.
• Credit experience required to create, analyze, and critique portfolio and borrower credit reviews.
• Skills in quantitative and analytical calculations to develop models.
• An understanding of systems, networks, IT infrastructure, and cyber threats related to digital and corporate technology.
• Financial aptitude to evaluate and critique various financial reports (inclusive of call reports, income, balance sheet, and cash flow statements) in order to determine financial risk.
• Strong compliance aptitude with a sound understanding of evolving regulatory framework. CAMS or CRCM certifications preferred.
• Experience interfacing with examiners and auditors.
• Excellent oral communication skills for conveying complex concepts to audiences of varying degrees of expertise and advocating for efforts to reduce the organization's risk exposure.
• Strong ability to collaborate with, influence, and educate employees and fellow executives about enterprise risk-related matters.
• Knowledge and effective application of banking policies, processes, and practices.
• A high level of ownership and commitment to achieving results and being solution oriented.
• Excellent written communication and report writing skills.
• Organizational and planning skills to oversee the internal and external risk function.

Pay Range: $165,000.00 to $225,000.00 per year. Pay range may vary based on skills, experience, and location.

Qualified candidates should APPLY NOW for immediate consideration! Please hit APPLY to provide the required information, and we will be back in touch as soon as possible.
We are currently interviewing to fill this and other similar positions. If this role is not a fit for you, we do offer a referral bonus program for referrals that we successfully place with our clients, subject to program guidelines. ASK ME HOW.
Thank you!
Simran Gwalani
Sr. Technical Recruiter

PAY RANGE AND BENEFITS:
Pay Range*:
*Pay range offered to a successful candidate will be based on several factors, including the candidate's education, work experience, work location, specific job duties, certifications, etc.

Benefits: Innova Solutions offers benefits( based on eligibility) that include the following: Medical & pharmacy coverage, Dental/vision insurance, 401(k), Health saving account (HSA) and Flexible spending account (FSA), Life Insurance, Pet Insurance, Short term and Long term Disability, Accident & Critical illness coverage, Pre-paid legal & ID theft protection, Sick time, and other types of paid leaves (as required by law), Employee Assistance Program (EAP).

ABOUT INNOVA SOLUTIONS:Founded in 1998 and headquartered in Atlanta, Georgia, Innova Solutions employs approximately 50,000 professionals worldwide and reports an annual revenue approaching $3 Billion. Through our global delivery centers across North America, Asia, and Europe, we deliver strategic technology and business transformation solutions to our clients, enabling them to operate as leaders within their fields.

Recent Recognitions:

• One of Largest IT Consulting Staffing firms in the USA - Recognized as #4 by Staffing Industry Analysts (SIA 2022)
• ClearlyRated® Client Diamond Award Winner (2020)
• One of the Largest Certified MBE Companies in the NMSDC Network (2022)
• Advanced Tier Services partner with AWS and Gold with MS

Website: https://www.innovasolutions.com/

Innova Solutions is an Equal Opportunity Employer and prohibits any kind of unlawful discrimination and harassment. Innova Solutions is committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment on the basis of race, color, religion or belief, national origin, citizenship, social or ethnic origin, sex, age, physical or mental disability, veteran status, marital status, domestic partner status, sexual orientation, or any other status protected by the statutes, rules, and regulations in the locations where it operates. If you are an individual with a disability and need a reasonable accommodation to assist with your job search or application for employment, please contact us at hr@innovasolutions.com or (770) 493-5588. Please indicate the specifics of the assistance needed. Innova Solutions encourages all interested and qualified candidates to apply for employment opportunities. Innova Solutions (HireGenics/Volt) does not discriminate against applicants based on citizenship status, immigration status, or national origin, in accordance with 8 U.S.C. § 1324b.
The company will consider for employment qualified applicants with arrest and conviction records in a manner that complies with the San Francisco Fair Chance Ordinance, the Los Angeles Fair Chance Initiative for Hiring Ordinance, and other applicable laws.

This job has expired.