The Enterprise Risk Management (ERM) team is responsible for the development, execution, and maintenance of the company’s enterprise-wide risk management program.
Enterprise Risk Management focuses on both strategic and tactical risks that may impact the company’s ability to achieve its strategic and business objectives. This includes understanding how our known risks are changing over time and evaluating emerging risks on the horizon. The scope of ERM also includes managing the risk of direct or indirect loss, or reputational harm, from inadequate or failed processes, people, and systems, or from external events. Enterprise Risk Management also partners closely with other control functions including Legal, Compliance, Security, Finance, Accounting, Project Management, and Internal Audit, in addition to the front and back office business areas and operational areas.
In support of these objectives, Enterprise Risk Management conducts activities designed to address overall risks and their impacts across the organization in a holistic way.
ESSENTIAL DUTIES & RESPONSIBILITIES:
In this role, the Senior Enterprise Risk Management Analyst will lead the development, execution, and maintenance of the programs and activities within the department. The Senior Enterprise Risk Management Analyst is responsible for managing and driving improvements to one or more programs within the company’s Enterprise Risk Management framework, including:
•Third Party / Vendor Risk Management
•Conduct risk evaluations of third party service providers (Vendors, Outside Service Providers “OSPs”) and ensure appropriate due diligence is performed to identify, mitigate, and maintain ongoing awareness of risks to the company resulting from third party relationships.
•Evaluate and approve vendors in accordance with company polices. Ensure that appropriate documentation is retained for purposes of internal audits and regulatory exams.
•Risk Management Support to Business Units
•Support business areas with day-to-day risk/compliance questions in regard to business processes
•Identify parts of the business that require or would benefit from formalized or improved business processes/controls, and assist with development and implementation of such process/control enhancements
•Partner with business areas to evaluate process or control breakdowns (including root cause analysis)
•Assist in development and improvement of operational policies, procedures, and guidelines that support key business functions and include appropriate internal controls
•Perform testing to monitor ongoing compliance with company policies and procedures
•Coordinate and support business areas with internal/external audits, including resolution of issues
•Enterprise Risk Management Framework & KRI Reporting
•Assist in performing Risk & Control Self-Assessments (RCSA)
•Support ERM projects and initiatives to drive improvements to key processes and controls
•Partner with process owners to identify, collect, monitor, and report on various key risk indicators
•Perform analyses, identify trends, and create reporting for company’s Risk Committee
•Strategic Risk Management / Product Risk
•Lead risk assessments of proposed new products to ensure new initiatives commence in a manner that minimizes risk to the organization
•Identify impacted stakeholder groups and incremental risks to the company; assess readiness for change
•Partner with senior management to represent assigned area(s) on risk management matter
•Provide comprehensive solutions to complex problems or needs
•Lead projects, programs, or processes with significant business impact involving cross-functional teams
•Influence the strategic direction of risk management activities and develop tactical plans for risk mitigation when appropriate
•Possess deep technical or functional knowledge
Demonstrates the following core competencies:
•Act as an advisor to business partners and influence risk/reward considerations in decision-making
•Analyze new business and products from a risk/reward perspective
•Assess risks to predict impacts and drive appropriate mitigating strategies and control activities
•Drive risk forum processes, topics, and discussions at appropriate levels of the organization
•Effectively execute and support the roll-out of new risk policies, practices, and solutions
•Enhance strategies, tools, and methodologies to measure, monitor, and report on risks
EXPERIENCE: Prior experience in a financial services firm and/or significant knowledge of Vantiv’s business and operations. 2-3 years of work experience in Risk, Audit, Compliance, Vendor Risk Management, or a related field preferred. Industry recognized certifications in Audit and/or Risk preferred.
KNOWLEDGE, SKILLS AND ABILITIES:
•BA/BS degree or commensurate work experience
•Excellent oral and written communication skills
•Strong interpersonal skills; ability to interact with all levels of management
•Demonstrated ability to build consensus and effect change through influence
•Must be proactive in identifying potential concerns and following-up to resolve such issues
•Strong analytical and problem solving skills; demonstrates critical thinking and decision making ability
•Strong organizational and research skills; proven attention to detail
•Proficient with Microsoft Office suite (Excel, Word, Power Point)
•Highly motivated, team player, self starter and able to work independently
SUPERVISORY RESPONSIBILITIES: May be an individual contributor or have supervisory responsibilities.
•Normal office environment with little exposure to dust, noise, temperature and the like.
•Extended viewing of CRT screen.
•Some overnight travel may be required.
Vantiv, Inc. (NYSE: VNTV) is a leading integrated payment processor for businesses and financial institutions, processing more than 12.9...