Risk Management Director manages and administers an organization's risk-management programs. Implements policies, procedures, and controls to monitor and minimize the risk exposure of assets. Being a Risk Management Director researches internal and external risk factors including economic, market, and regulatory risks that may affect the organization. Routinely evaluates the effectiveness of procedures and collaborates with internal stakeholders to monitor changes in the business environment. Additionally, Risk Management Director manages statistical analysis and designing of financial models to predict the risk exposure of an organization's assets. Reviews risk analysis reports to ensure risks are identified and managed effectively. Requires a bachelor's degree. Typically reports to a director. The Risk Management Director typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Risk Management Director typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)
This position works closely with first line business units, second line Enterprise Risk Management colleagues and external contacts (e.g., third parties) as a thought leader in the maturation of Rockland Trust’s second line of defense Fraud Risk Management and Identity Theft Red Flag Programs. The Fraud Risk Management Officer works with all levels of the organization and assists the Director of Operational Risk and the first line of defense in the identification, assessment and mitigation of fraud and identity theft red flag risks, including the evaluation of associated controls and metrics, in order to assess the Bank’s ability to manage fraud and identity theft risk to within risk appetite. Results will be documented in the Archer Governance, Risk and Compliance (GRC) system.
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