The Enterprise Risk Management (ERM) Manager will be responsible for having oversight of the District’s financial and entity-level Sarbanes-Oxley (SOX) compliance and Enterprise Risk Management. The Manager will be accountable for the performance and results of the team, including the ongoing risk and SOX compliance-related responsibilities at the Federal Reserve Bank of Dallas. This position manages a team of 5 professionals and reports to the Assistant Vice President.
You Will:
- Have responsibility for executing risk management activities with input from senior leaders, including recommending, directing and implementing ERM strategies and operations to ensure adherence to the ERM framework.
- Lead and manage a team of risk professionals and support the end-to-end operations of the ERM function including identifying, assessing, prioritizing, mitigating, monitoring, and reporting on enterprise wide risks facing the organization.
- Develop, implement, and maintain comprehensive ERM policies, standards and procedures, ensuring alignment with industry best practices, and organizational objectives.
- Partner with all business areas to identify risks and monitor action plans through risk assessments, operationalize risk appetite statements, tolerances and measures to ensure they are embedded across the organization.
- Enhance the risk function by leveraging emerging technologies and data analytics to ensure the maintenance and implementation of best-in-class risk practices. Provide thought leadership to identify opportunities and challenges related to risk management.
- Enable and foster a culture of proactive risk management across the firm, promoting risk awareness and embed risk and the three lines of defense approach across the organization.
- Provide support to the Bank`s Risk Management Committee (RMC) in providing risk expertise and input into the overall health of ERM, and assist official staff in communicating with the Audit Committee of the Board of Directors.
- Provide subject matter expertise and input to ensure delivery of risk related awareness, training and orientation to employees. Work with the team to identify requirements to develop, deliver and/or conduct risk training for staff.
- Be responsible for ensuring our organization's compliance with SOX regulations, maintaining internal controls, and managing the overall SOX compliance program. This role will involve working closely with various departments to conduct management testing activities to uphold the integrity of our financial reporting, ensuring adherence to regulatory requirements and internal policies.
- Assess existing internal controls related to financial reporting processes and identify areas for enhancement.
- Coordinate the documentation of internal controls, including process narratives, flowcharts, and control matrices.
- Monitor the effectiveness of internal controls through testing and evaluation, identifying deficiencies and recommending corrective actions.
- Serve as the primary point of contact for internal and external auditors during SOX audits, including coordinating audit activities, facilitating the provision of requested documentation, and ensuring timely resolution of audit findings.
- Prepare and present materials on control decisions and project status to executive and senior management.
- Direct and monitor activities of all direct reports by assigning tasks, prioritizing work efforts, reviewing/signing off on work and evaluating performance. Provide leadership and coaching to staff and others and provide feedback.
You Have:
- Bachelor`s degree in Accounting, Finance, Management, or Operations Management.
- Other certifications a plus: Risk Management Certification, Risk Management Assurance, Certified Internal Auditor, Certified Sarbanes-Oxley Professional, Certified Information Systems Auditor, or Certified Fraud Examiner.
- 5+ years of progressive experience in lead or supervisory roles or equivalent experience.
- Controls testing knowledge sufficient to understand testing methodologies and practices. Knowledge of the Sarbanes-Oxley Act, Accounting Standard 5, and control frameworks such as COSO and COBIT.
- Risk Management understanding to identify and analyze potential risks, ability to develop and implement controls and cost-effective approaches to minimize the organization`s risks, and ability to assess and communicate information regarding business risks with functions across the organization.
- Ability to identify and resolve technical, operational and organizational problems guided by policies, resource requirements, budgets and business objectives.
- Ability to assimilate and apply new information quickly and balance analysis with decisiveness in making timely decisions. Diplomatically handle complex topics, varied audiences, difficult questions, and unexpected situations.
- Excellent problem solving, organizational, planning, and self-management skills. Also, relationship management skills with the ability to handle conflict and strong leadership qualities with the ability to motivate and influence.
- Strong meeting organization and facilitation skills; ability to present effectively with both technical and non-technical audiences, as well as governance groups. Exhibit advanced facilitation skills and communicate well in a range of situations.
- Ability to partner with stakeholders in a flexible manner to enhance value, anticipate and resolve challenges, and recognize the value of building, maintaining, and enhancing stakeholder relationships.
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