Director of Operational Risk Management & ERM Reporting

FHLB Dallas actively pursues dedicated and hardworking individuals to be a part of our professional team. Positions are offered on an as-needed basis for all departments. View our current opportunities by clicking the View Open Positions tab above.

Responsible for the oversight of operational risk management (ORM) and leadership of the ORM team. Work with senior management to help manage the overall operational risk profile of the Bank. Designs, maintains and implements an ORM framework, policies and procedures, tools, programs and reporting consistent with regulatory requirements and industry best practices.

PRIMARY RESPONSIBILITIES:

• Supervises assigned personnel, allocates work and makes decisions regarding performance appraisal, training and development, and salary recommendations. Creates an inclusive work environment that enhances employee engagement and enables all employees to reach his/her full potential.
• Helps design and maintain an integrated operational risk management framework for the Bank and develops operational risk management strategies within the context of the Bank's risk appetite and strategic objectives. Develops and implements related standards, processes and procedures to help ensure that operational risks are identified, measured, monitored and reported in an effective and consistent manner.
• Oversees and manages the Bank's operational risk event reporting program, end user computing program, vendor risk management program and business continuity program and related policies, procedures and standards in accordance with regulatory and Bank requirements.
• Serves as Vice Chair of the Operational Risk Oversight Committee (OROC), providing a leadership role in setting and refining the agenda and materials. Provides periodic evaluations and reports to various management committees and the Board of Directors on the Bank's operational risk profile, internal control environment and key operational risk and performance metrics.
• Oversees the design and management of the RSA Archer Governance, Risk and Compliance (GRC) platform consistent with the Bank's risk management policies, procedures and frameworks. Ensures related procedures, documentation and training are developed and maintained.
• In conjunction with the Chief Risk Officer, leads the annual risk assessment process, including a thorough assessment of exposures across the Bank's key risk types. Manages and maintains the risk and control self-assessment (RCSA) process and procedures. Oversees the development and implementation of appropriate operational risk models for risk analysis and measurement, including scenario analysis.
• Researches a wide variety of topics and issues including regulatory matters, emerging risks and trends and risk management best practices.
• Effectively communicates the Bank's operational risk culture, processes, practices and procedures to internal stakeholders, examiners, internal audit and others.
• Participates in the Bank's Diversity and Inclusion Council.
• Performs other related duties as assigned.

JOB REQUIREMENTS:

• Bachelor's degree in accounting, economics, engineering, finance, mathematics, statistics or a related field. MBA, graduate degree in a related field and / or certification preferred (FRM, CFA, CPA, CISA, etc).
• At least 10+ years of related risk management and internal control experience, including the assessment of risk, developing and implementing key metrics and indicators, designing effective internal controls, developing management reports, identifying and analyzing relevant trends, and mitigating risks, with at least two years of management experience.
• Strong intellectual capacity to understand businesses, strategies and processes. Strong analytical and problem solving skills.
• Maintains independence and objectivity to ensure the interests of the Bank and its members are at the forefront.
• Ability to plan, organize, carry out and lead complex assignments.
• Excellent written and oral communication, interpersonal and analytical skills required along with the ability to manage and work independently under pressure and collaborating with all levels of the organization.
• Strong knowledge of risk management, internal controls and the financial services industry, with knowledge of the FHLBank System preferred

FHLB Dallas Offers a Professional, Inclusive Culture

FHL Bank Dallas employees are committed to and exemplify the following principles:

• Service to our members is first and foremost
• All business will be conducted honestly and ethically
• Each employee contributes to customer service by directly serving our members or supporting those who do
• Interaction with members should focus on building professional relationships and helping customers achieve their goals
• Cooperation and teamwork throughout and across all levels of FHLB Dallas are essential to its effectiveness
• Colleagues and members will be treated with the utmost respect and dignity

FHLB Dallas provides equal employment opportunity to all individuals without regard to race, religion, color, sex, age, marital status, ancestry, veteran status, disability, or national origin. FHLB Dallas will consider for employment all persons on an individual basis consistent with job-related criteria without regard to visible and non-visible disabilities. Equal opportunity applies to all employment practices, including recruitment, screening, hiring, compensation and training, as well as other conditions and privileges of employment.