Director, Business Risk - Banking Products

Director, Business Risk - Banking Products

  • Location

    Santa Clara, United States

  • Sector:

    Risk Management

  • Job type:


  • Salary:

    $170,000 - $190,000 + bonus

  • Contact:

    Corey Rague

  • Job ref:


  • Published:

    about 1 year ago

  • Expiry date:


  • Consultant:


JCW is currently working on a search for a Director Business Risk – Banking Products with a leading financial services organization in the greater San Francisco Bay area. This position is part of the leadership team for bank’s Products and is the point of contact for strategic, operational, regulatory and compliance risk matters. The role is part of the first line of defense, within the Business Risk Officer team, but will liaise closely with the second line of defense. The incumbent will be working to establish a product risk function that is building and operating the platform that is leveraged by more than half of all VC backed companies in the US. The role is also responsible for building the culture of a well-managed organization in line with guidance from ERM, ORM, Compliance and other second line of defense groups.

Responsibilities include:

  • Partner with internal compliance, Internal Audit, legal, IT, payroll, and other process owners to identify risks, maintain compliance standards, and mitigate risks domestically and internationally
  • Provide expert support and advice to the business on risk identification and issue management
  • Lead the facilitation of risk assessments as directed by the second line of defense
  • Support process and control owners
  • Identify/provide tools to guide maintenance of controls
  • Proactively develop compliance and operational processes
  • Manage master project schedule related to business unit audits, reporting, findings/recommendations, corrective actions, and changes.  When necessary, liaise between the business unit and auditors or examiners

Position requirements:

  • Bachelor’s degree required (Master’s degree desirable)
  • Minimum of 10 years of relevant risk management experience
  • Experience with Payments risk management
  • Direct experience working in a first or second line risk role within a financial institution, or consulting experience advising financial institutions on the implementation of effective Risk Management programs
  • Working knowledge of banking regulations within risk management and bank-capital related disciplines

Corey Rague recruits for Risk and Analytics professionals across the financial services sector and would be happy to provide further details about this or other positions. You can reach him at (646) 517-8533 or at corey.rague@jcwresourcing.com