Risk & Control Manager

The Risk and Control Manager under the direction of the Director of Risk Operations and Quality Control, is responsible for implementing, executing, managing and providing continuous improvement of the Bank's First Line of Defense risk and control self-assessment (RCSA), and control testing methodologies. The Risk and Control Manager must be able to effectively and independently collaborate with and influence first line of defense stakeholders. This position plays a critical role in helping to ensure Bank Senior Leadership is timely and accurately informed of the levels of risk within the Bank. Responsibilities also include ensuring complete and accurate RCSA and control testing information is captured within the Bank's PremierIQ GRC system (Archer) to support timely and accurate reporting. This position has a direct role preparing and providing information for, and participating in, audits and regulatory examinations. The Risk & Control Manager will recruit, develop and manage a team to support execution of the Bank's program for first line of defense risk and control assessment and control testing.

The position will work closely with business line and executive management in carrying out the assigned duties. The Risk and Control Manager must demonstrate a broad understanding of banking functions and processes, excellent independent judgement with a minimal amount of supervision and direction, and perform a wide range of services, many of which are complex and confidential in nature.

RESPONSIBILITIES

• Independently manage first line RCSA activities including process mapping (workflows), business process hierarchy, risk and control taxonomy, and risk analytics and reporting.
• Ensure awareness of risk and control assessment expectations, ownership and accountability across the Bank.
• Maintain RCSA associated program supporting infrastructure including risk and control taxonomies, process hierarchy, and policies and procedures.
• Promote awareness of the Bank's risk frameworks, policies and standards.
• Support the Bank-wide coordination of the RCSA process in close collaboration with the three lines of defense to ensure consistency with sound risk management standards and internal policies and procedures.
• Independently manage the implementation, execution and enhancement of the first line of defense RCSA program.
• Serve as subject matter expert for first line of defense on risk and control inventories and assessments.
• Provide effective challenge to the first line of defense on risk and control inventories and assessments.
• Provide input, feedback, and challenge to risk and control assessment stakeholders for alignment within and across RCSA processes.
• Partner with three lines of defense subject matter experts to ensure collaborative risk and control inventories, assessments and credible challenge.
• Develop and provide management and board level reporting related to RCSA data and results.
• Stay abreast of regulatory developments and updates related to risk management to ensure the Bank's compliance with applicable laws, regulations, and guidelines issued by relevant regulatory agencies.
• Responsible for providing leadership and guidance in the development, implementation and maintenance of the Bank's first line control testing program.
• Independently implement and maintain the Bank's first line's internal control testing and effectiveness monitoring program including policies, procedures and testing calendar.
• Develop, oversee and maintain a timely and efficient first line control testing program and calendar in collaboration with other testing departments to minimize business impact and ensure comprehensive control inventory testing.
• Oversee management of identified control testing deficiencies, including identification of root causes and ensuring adequacy of remedial action taken to prevent recurrence.
• Ensure effective implementation of the Bank's first line control testing program through training, awareness and monitoring.
• Develop and manage the risk and control testing team for training, compliance, capacity and personnel performance expectations.
• Provide informed and valuable control perspectives to business unit management. senior leadership and executive management.
• Act as central point of contact for receipt and distribution of control testing related to First Line of defense information across the Bank.
• Develop and lead a team; responsible for hiring, coaching, performance management, training, and development of a Risk and Control Assessment department.
• Implements and leads employee meeting ensure consistent communication.
• Support individual development plans and mentoring through the Let's Talk framework, regularly meeting with team.
• Perform sample review of employee work and holding team accountable to department goals/objectives.
• Other duties as assigned as needed to support the Director of Risk Operations and Quality Control.

QUALIFICATIONS

• Minimum 10 years of work experience in banking, with at least 2 years of leadership experience in managing an RCSA program.
• Experience developing RCSA and control testing with a strong understanding of risk management and risk appetite concepts, framework, methods, and governance practices.
• Knowledge of regulatory environment, processes, activities, requirements of a banking organization.
• Occasional travel up to 25%.
• Familiarity with GRC platform and reporting tools desired.
• Proficient in Microsoft Office Suite, with advanced skills in Excel, PowerPoint, and Word.

A reasonable, good faith estimate of the minimum and maximum base salary or pay for this position is $92,108 to $153,513. Actual compensation will vary based on various factors including but not limited to location, experience, and performance. A discretionary bonus and/or business line incentive may be provided, in addition to a medical and other benefits, dependent on the position. For more information regarding our benefits, please visit https://www.ppbi.com/careers.html

CA (Los Angeles applicants): Applicants are notified that the Company is an insured depository institution subject to the restrictions and requirements of Section 19 of the Federal Deposit Insurance Act (12 CFR 303) ("Section 19"). In accordance with Section 19, the Company will consider an applicant's criminal history after an applicant is made a conditional offer of employment. Qualified applicants with criminal conviction records will be considered for employment in accordance with the Los Angeles Fair Chance Ordinance. Section 19 may prohibit the Company from employing an applicant with criminal conviction(s) for fraud, breach of trust, embezzlement, mishandling of money or any crime of violence may have a direct impact on the job duties as set forth in the job description and such convictions may result in withdrawal of a conditional offer of employment in accordance with the Los Angeles Fair Chance Ordinance. Because of the nature of our business, a review of your criminal history is necessary to comply with Section 19 and to avoid substantial risk to our business operations and licensing.

#LI-Onsite #LI-FG1