VP, Head of Digital Risk Management

ID
2022-16015
Job Locations
US-CA-San Francisco

 

At First Republic, we care about our people. Founded in 1985, we offer extraordinary client service in private banking, private business banking and private wealth management. We believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You’ll always feel empowered and valued here. 

 

Incredible teams doing exceptional work, every day

The Digital Channels team is responsible for client focused digital experiences that support our Consumer Private Banking, Corporate, and Private Wealth Management businesses. We are seeking a dynamic, organized leader to play a key role in supporting these efforts amidst the rapidly changing digital servicing and sales landscape.

 

Digital Risk Management  

The Digital Channels team seeks a highly motivated risk management leader who is comfortable leading the risk management function within the 1st line of defense (LOD). You will be adept at influencing and collaborating with cross-functional partners and control stakeholders to drive towards effective risk management strategies for Digital product delivery. You will drive scalable risk strategy, risk assessments, reporting, product evaluation and governance across Digital Channels.

 

What you’ll do as a VP, Head of Digital Risk Management:

  • [Facilitate] Further mature risk management practices across the 1st LOD within Digital Channels including:
    • Accountable and responsible for supporting and facilitating end-to-end identification and assessment of existing and new process/product/system risks and controls
    • Establish the maintenance and change management processes for business profile, risk/control library and issues inventory specific to Digital Channels and the business units within
    • Responsible for identifying risk trends and/or symptoms of process control breakdowns
    • Drive risk awareness, risk accountability and risk culture throughout all areas of Digital
    • Facilitate and provide advisory support in the identification of expected controls to meet risk program and regulatory obligations
    • Provide support, coordination, and inventory of all testing activities performed (e.g., control testing, compliance testing) and drive maturity improvements based on outputs of control testing
  • [Build] Develop business relationships and drive 1st LOD risk management coordination, including:
    • Drives inclusion, dialogue and decision making on key risks within 1st, 2nd and 3rd LOD risk governance forums
    • Communicates overall risk identification and control environment health results
    • Provides coordination and guidance between 2nd LOD, 3rd LOD, and regulators specific to 1st LOD inquiries, exam, and audits
    • Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled
    • Anticipates business needs and proactively identifies opportunities to improve and strengthen the control environment through actionable insights
  • [Strategize] Act in a business advisory role to product leaders including:
    • Constantly examining the market and industry to identify risk management solutions that a support a fast-paced environment focused on client servicing and security
    • Execute a Product Risk Management strategic vision and establish standards.  Ensure on-going processes for improving oversight.
    • Embeds a strong risk culture related to Digital changes to promote transparency and accountability for the risks inherent in new products and activities
    • Stay current on new and evolving regulatory requirements and guidance assess impact and ensure program alignment to regulatory expectations.

 

You could be a great fit if you have:

  • 10+ years of related technology, product, operational, strategic, and reputational 1st LOD and / or 2nd LOD risk management experience. Experience should include senior risk management positions.
  • Experience proactively identifying reputational, strategic, compliance, technology and operational risks and assessing the adequacy of controls to manage such risks, including recommending enhanced or additional controls
  • Deep experience in Digital Channels and Product Management as well as leading a team of risk professionals.
  • Proven ability to keep multiple projects and work streams on track at one time. These projects may be multi-month engagements and have multiple stakeholders across business groups.
  • Strong sense of problem-solving, communication, leadership, strategic and critical thinking, responsibility, teamwork, and professionalism.
  • Strong interpersonal skills, with evidence of working in collaboration across large, complex organizations, including effective influencing skills, a proactive and 'no surprises' approach in communicating issues/requests

 

Job Demands:

  • Must be able to review and analyze data reports and manuals; must be computer proficient.
  • Must be able to communicate effectively via telephone and in person.

 

Own your work and your career — apply now

Are you willing to go the extra mile because you love what you do and how you can contribute as a team? Do you want the freedom to grow and the opportunity to take charge of your own career?  If so, then come join us.

 

We want hard working team players. You’ll have the independence to learn, lead and drive change. A culture of extraordinary service, empowerment and stability — that’s the First Republic way.

 

We believe that a diverse range of backgrounds and ideas has and will continue to be fundamental to the future success of First Republic.

 

If you are curious to learn more about this opportunity, we'd love to hear from you.

 

This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned to meet the ongoing needs of the organization. The Company is an equal opportunity employer. In this regard, the Company makes reasonable accommodations for qualified applicants and employees with disabilities in order to enable them to perform all essential job functions, unless doing so creates an undue hardship.

 

First Republic is subject to federal laws that restrict the employment of individuals with certain types of criminal histories, including FDIA Section 19 and FINRA. To the extent not inconsistent with our obligations under those federal laws and regulations, First Republic will consider qualified candidates with criminal histories in a manner consistent with the Los Angeles and San Francisco ban-the-box laws.

 

For New York City-based roles: Mayor Bill de Blasio announced that, effective December 27, 2021, all private sector employers?in New York City will be required to ensure that their employees are vaccinated against COVID-19 to attend work in the office. Reasonable Medical or Religious Accommodations may be requested if applicable to you. Please view New York’s Guidance on Accommodations for Workers for more information.

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