First Line of Defense Risk Manager

Our client, a leading financial institution, is seeking a First Line of Defense Risk Manager to join their team. This role is essential for implementing and managing the first line of defense risk management program. The successful candidate will work closely with first line testers and provide training to ensure consistent and effective testing of control design and effectiveness. This position is based onsite in San Francisco.

Responsibilities :

• Lead a new team to perform first line testing of controls to evaluate the design and operating effectiveness of key controls.

Support the development of Risk and Controls Self-Assessment (RCSA) control testing frameworks and methodologies.

Conduct quality assessments of RCSAs completed by First Line managers and make updates as needed.

Create and maintain detailed control testing documentation and review commentary.

Manage and coordinate all risk activities to ensure material / key risks are identified, escalated, managed, tracked, and remediated timely.

Analyze, aggregate, and articulate the results / issues / recommendations related to control testing activities to business unit senior management.

Assist with the validation and closure of control issues identified through testing results.

Provide day-to-day management, oversight, and longer-term development planning of a risk management team.

Requirements :

Experience with risk and control identification, designing, planning, implementing, and testing RCSAs, and effectively managing a testing / audit / RCSA program.

Strong knowledge of banking operations, products, and services; experience with risks and controls / control gap identification related to Loan Operations, Commercial Lending and Banking, Bank Support and Corporate functions (such as Marketing, HR, Accounting, FP&A, etc.). AML / BSA, Payment Fraud, Cross-border Banking, and Digital Banking experience is a plus.

Effective verbal and written communication skills with strong influential skills.

Experience working in a dynamic environment to execute an evolving first line of defense risk management program, including the identification, communication, reporting, escalation, and validation of RCSA test results and remediation efforts.

Knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards, practices, and expectations for regional / large banks.

Excellent written, verbal, organizational, and presentation skills.

Strong working knowledge of MS Office Software Suite (Word, Excel, Access, PPT, Visio).

Professional / Industry Accredited Risk Management certification (e.g., CIA, PRM, CRMP) is a big plus Compensation :

Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law, Vaco believes that the following salary range reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure : $70 - $80 per hour.

Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.

EEO Notice

Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.

Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and / or to receive other benefits and privileges of employment, please contact [email protected] .

Vaco also wants all applicants to know their rights that workplace discrimination is illegal .

By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.

Privacy Notice

Vaco LLC and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco”) respects your privacy and are committed to providing transparent notice of our policies.

California residents may access Vaco’s HR Notice at Collection for California Applicants and Employees here .

Pay Transparency Notice

Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to :

With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.