Job Opportunity: Director of Enterprise Risk Management at Amalgamated Bank

June 3, 2019

Amalgamated Bank seeks a full time Director of Enterprise Risk Management. Reporting to the Chief Risk Officer, the Director of Enterprise Risk Management is responsible for administering and facilitating the company's Enterprise Risk Management (ERM) program, framework and operation to effectively identify, assess, monitor and report on the company's full range of enterprise risks and risk mitigation action steps. This function will also manage vendor risk management, policy & risk assessment management and fraud functions under the Bank’s overall risk framework.


Essential Job Functions:

  • Collaborate with senior management to continue to mature the Bank’s Enterprise Risk Management framework including setting the Bank’s risk appetite and developing Key Risk Indicators to measure and monitor risks and threats to the Bank’s strategic objectives using leading best practice strategies. Ensure that the framework strikes a balance between costs and benefits of risk response initiatives.

  • Understand how the Bank’s risk appetite, risk tolerance and risk culture should be considered in day-to-day operations.

  • Ensure that strategic objectives are translated into business plans and develop measurements to monitor progress.

  • Collaborate with executive management to perform an enterprise level risk assessment.

  • Partner with department heads to perform individual risk assessments at the business unit level.

  • Facilitate risk workshops for each department that focus on risk identification, assessment, monitoring and reporting on enterprise risks across the organization. Develop deep dive analysis and key risk indicators to monitor risk trends and work with the departments to identify mitigation plans to better manage risk.

  • Lead enterprise wide contingency planning and business continuity efforts.

  • Conduct risk assessment workshops with business units.

  • Monitor ERM implementation status in business units.

  • Manage the Bank’s Enterprise Risk Management efforts and oversee the Bank’s Enterprise Risk Management program.

  • Prepare meeting materials to communicate ERM Program activities and findings to senior management and the Board of Directors.

  • Oversee and monitor the Bank’s SOX program.

  • Lead ongoing monitoring of activities and protocols for third party vendor risk management.

  • Establish a common library of risks and controls and recommend and install a usable GRC tool.

  • Manage maintenance of bank policies.

  • Manage ongoing relationships with the Bank’s regulators and coordinate responses to regulator inquiries during onsite examinations. Prepare regular reports to management and the Board.

  • Evaluate effectiveness of ERM implementation by business units from time to time.


Knowledge, Skills and Experience Requirements:

  • Bachelor’s degree in accounting, business or related field; master’s degree a plus

  • 10+ years’ experience in a risk management or similar role

  • Demonstrated capability to apply risk management concepts, analysis and support to strategic decision-making processes

  • Strong understanding of internal controls and the COSO ERM framework

  • Excellent oral and written communication skills

  • Outstanding interpersonal and influencing skills

  • Experience in supervising a vendor management function

  • Certification in one or more of the following:


    • Associate in Risk Management, preferably Enterprise ARM-E 

    • Certified Risk Management Professional (CRMP)

    • Certified Enterprise Risk Professional (CERP)

    • Certified Internal Auditor (CIA)

    • Certified Public Accountant (CPA)

    • Certified Information System Auditor (CISA)

    • Certified Fraud Examiner (CFE)

Apply via this link.


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