Horizon Farm Credit
Director of Operational Risk
Horizon Farm Credit, Frederick, Maryland, United States, 21701
Are you looking for a career opportunity to grow and develop a team, that offers a good work/life balance, and the ability to work in a collaborative team environment?
Overview
Horizon Farm Credit is actively seeking a Director of Operational Risk to join our team. Qualified candidates may work in any available Horizon Farm Credit branch. This position is eligible for a hybrid work schedule, which would be project dependent. Our ideal candidate is an experienced, analytical, detail-oriented risk professional with a passion for operational risk and compliance management.
Position Description:
As the Director of Operational Risk, you will be responsible for implementing and leading the Association’s operational risk management program. You will oversee independent risk oversight of business line risk exposures through defined risk management programs and techniques (RCSA, Risk identification, etc.). You will lead and manage a team of risk and controls analysts, ensuring effective challenge and control testing to manage risks within approved tolerances. Additionally, you will provide business line-specific risk intelligence and insights to inform risk reporting to management and the Board.
Key Responsibilities
Oversee the development and maintenance of the organization’s Operational Risk Management Program, including risk, control, and process taxonomies, risk and control matrices, detailed test procedures, risk and control self-assessments, controls frameworks and testing, and issue management.
Identify operational process gaps and risk trends. Collaborate with business lines, technology, compliance, legal, and other partners to develop risk mitigation strategies and ensure proper risk oversight and infrastructure.
Manage independent control testing of ICFR and compliance with ICFR frameworks and policies. Escalate major risks and issues to management.
Conduct independent assessments of credit risk for the Association’s loan portfolio. Identify and escalate credit rating changes as appropriate. Present findings and assessment results to management.
Oversee and manage the Model Risk Management program, ensuring compliance with model program guidelines, maintaining model inventory, monitoring compliance with model governance activities, and working with model owners to remediate/monitor exceptions, issues, and findings. Provide annual training related to model risk management.
Monitor industry trends to identify significant or emerging risks and participate in industry forums to stay current on best practices in Operational Risk programs.
Support ERM in running the enterprise risk identification process.
Develop and implement tools or processes to enhance risk reporting capabilities. Document risk metrics and data to provide reports for executive leadership.
Assist in producing Board and management risk reports as needed.
Establish and monitor expectations to achieve company and department goals. Make appropriate changes to policies, procedures, and efficiencies to meet objectives.
Manage the performance, training, and evaluation of assigned staff.
REQUIREMENTS
Bachelor’s degree with an emphasis in Accounting, Finance, or Business with a focus on Risk Management.
Preferred certifications include – CIA, CPA or CISA.
Generally, 8-10 years of risk management experience, preferably in the financial services industry with leadership experience.
Extensive experience with business processes, financial reporting, and information technology risks, processes, and controls.
Advanced knowledge of the COSO framework, CoBIT, and/or other leading business and information technology control frameworks.
Knowledge of operational and enterprise risk management including identification, assessment, and escalation of risk issues.
Ability to identify regulatory compliance gaps within internal guidance (policies and procedures).
Seek and embrace opportunities that give exposure to different situations, environments, and perspectives.
Able to read situations and modify behavior to build quality relationships.
Coach and develop staff. Provide timely feedback regarding ways to work more effectively and/or more efficiently.
Adaptable and flexible to a changing work environment.
Prolonged periods sitting at a desk and working on a computer.
Ability to travel to/from HFC branch offices, associations, AgFirst or other facilities as deemed necessary.
Regular, predictable, and reliable attendance is required.
Who are we?
Horizon Farm Credit is an expert in agriculture, with over 100 years of serving rural America. As a premier rural lender, we're constantly growing and seeking new members for our team. As part of the Horizon Farm Credit team, you have the opportunity to make a difference for agriculture and rural communities.
What can we offer you?
We offer competitive compensation and benefits packages for full-time employees including:
Medical insurance with dental and vision care options
401 (k) with significant employer matching
Paid time off, holidays, and volunteer time to support work/life balance
Tuition reimbursement and training opportunities
Student loan reimbursement
Leadership and career development opportunities
Paid maternity and bonding leave
Paid short-term disability
Fun and inclusive work environment
Salary range: $112,700 - $156,400 depending on experience.
Equal Opportunity Employer including veterans and individuals with disabilities.
#J-18808-Ljbffr
Overview
Horizon Farm Credit is actively seeking a Director of Operational Risk to join our team. Qualified candidates may work in any available Horizon Farm Credit branch. This position is eligible for a hybrid work schedule, which would be project dependent. Our ideal candidate is an experienced, analytical, detail-oriented risk professional with a passion for operational risk and compliance management.
Position Description:
As the Director of Operational Risk, you will be responsible for implementing and leading the Association’s operational risk management program. You will oversee independent risk oversight of business line risk exposures through defined risk management programs and techniques (RCSA, Risk identification, etc.). You will lead and manage a team of risk and controls analysts, ensuring effective challenge and control testing to manage risks within approved tolerances. Additionally, you will provide business line-specific risk intelligence and insights to inform risk reporting to management and the Board.
Key Responsibilities
Oversee the development and maintenance of the organization’s Operational Risk Management Program, including risk, control, and process taxonomies, risk and control matrices, detailed test procedures, risk and control self-assessments, controls frameworks and testing, and issue management.
Identify operational process gaps and risk trends. Collaborate with business lines, technology, compliance, legal, and other partners to develop risk mitigation strategies and ensure proper risk oversight and infrastructure.
Manage independent control testing of ICFR and compliance with ICFR frameworks and policies. Escalate major risks and issues to management.
Conduct independent assessments of credit risk for the Association’s loan portfolio. Identify and escalate credit rating changes as appropriate. Present findings and assessment results to management.
Oversee and manage the Model Risk Management program, ensuring compliance with model program guidelines, maintaining model inventory, monitoring compliance with model governance activities, and working with model owners to remediate/monitor exceptions, issues, and findings. Provide annual training related to model risk management.
Monitor industry trends to identify significant or emerging risks and participate in industry forums to stay current on best practices in Operational Risk programs.
Support ERM in running the enterprise risk identification process.
Develop and implement tools or processes to enhance risk reporting capabilities. Document risk metrics and data to provide reports for executive leadership.
Assist in producing Board and management risk reports as needed.
Establish and monitor expectations to achieve company and department goals. Make appropriate changes to policies, procedures, and efficiencies to meet objectives.
Manage the performance, training, and evaluation of assigned staff.
REQUIREMENTS
Bachelor’s degree with an emphasis in Accounting, Finance, or Business with a focus on Risk Management.
Preferred certifications include – CIA, CPA or CISA.
Generally, 8-10 years of risk management experience, preferably in the financial services industry with leadership experience.
Extensive experience with business processes, financial reporting, and information technology risks, processes, and controls.
Advanced knowledge of the COSO framework, CoBIT, and/or other leading business and information technology control frameworks.
Knowledge of operational and enterprise risk management including identification, assessment, and escalation of risk issues.
Ability to identify regulatory compliance gaps within internal guidance (policies and procedures).
Seek and embrace opportunities that give exposure to different situations, environments, and perspectives.
Able to read situations and modify behavior to build quality relationships.
Coach and develop staff. Provide timely feedback regarding ways to work more effectively and/or more efficiently.
Adaptable and flexible to a changing work environment.
Prolonged periods sitting at a desk and working on a computer.
Ability to travel to/from HFC branch offices, associations, AgFirst or other facilities as deemed necessary.
Regular, predictable, and reliable attendance is required.
Who are we?
Horizon Farm Credit is an expert in agriculture, with over 100 years of serving rural America. As a premier rural lender, we're constantly growing and seeking new members for our team. As part of the Horizon Farm Credit team, you have the opportunity to make a difference for agriculture and rural communities.
What can we offer you?
We offer competitive compensation and benefits packages for full-time employees including:
Medical insurance with dental and vision care options
401 (k) with significant employer matching
Paid time off, holidays, and volunteer time to support work/life balance
Tuition reimbursement and training opportunities
Student loan reimbursement
Leadership and career development opportunities
Paid maternity and bonding leave
Paid short-term disability
Fun and inclusive work environment
Salary range: $112,700 - $156,400 depending on experience.
Equal Opportunity Employer including veterans and individuals with disabilities.
#J-18808-Ljbffr