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Director, Enterprise Risk Management

Position: Director, Enterprise Risk Management
Reports To: VP, Enterprise Risk Management
Location: New York, NY

Position Summary:

The Director, Enterprise Risk Management is a critical member of the Risk Office and is responsible for contributing towards the design, development and implementation of the ERM Framework in order to execute and evolve the Company’s Risk and Control Self Assessment (RCSA) program, establishing an effective risk- based system to identify, measure, monitor, and control enterprise-wide risks. This is a strategic and tactical position, where the candidate will facilitate and lead interfacing with functional units to establish and communicate risk management methodology, processes, risk appetite and risk culture. Additionally, the role will involve extensive interaction with TCH’s external stakeholders, including supervisors and the Enterprise Risk Committee.

Qualifications Required:

  • Bachelor’s degree.
  • At least 4-6 years of risk management experience serving as a subject matter expert in Enterprise or Operational Risk Management.
  • 8-10 years of financial services work experience managing and implementing enterprise-wide projects, multi-tasking on projects with competing priorities, process decomposition and reengineering, risk assessments, due diligence, Operational Risk Management and/or Technology Risk Management.
  • Experience designing, coordinating, running and/or evolving risk assessment programs such as RCSA or equivalent.
  • Proven experience in working with or contributing to development of an ERM or Technology Risk framework in a dynamic and complex organization.
  • Ability to work efficiently in a high-demand, team-oriented and fast-paced environment  
  • Applied knowledge of operational processes and industry best practices in internal control, and risk management and assessment.
  • Experience with RSA Archer or other GRC solution.

Qualifications Desired:

  • Advanced degree such as Masters in Risk Management, or MBA in Finance, Business or a related field.
  • FRM, PRMIA or other Risk Management certification.
  • Technology and/or Information Security risk related certification (e.g. CISSP, CRISC, CISA).
  • Experience designing and implementing Risk Taxonomies, Risk Measurement methodologies and or Key Risk Indicator frameworks.
  • Experience in Payments and/or Banking related fields, including Payments or Banking Technology.

Essential Functions and Responsibilities:

  • The ERM Director role is a critical member of the Risk Office and is responsible for contributing towards the design, development, implementation, and execution of the ERM RCSA Program in order to effectively identify, measure, monitor, and control enterprise-wide technology risks.
  • As the second line of defense, provide thought leadership and constructive challenge to the first line of defense for risk-related matters.
  • Build, maintain and enhance business relations with department and business heads for the smooth implementation of risk management activities across the organization.
  • Represent TCH at the internal and external risk committees, and to the supervisors, to provide periodic updates on risk matters.
  • Plan and conduct risk assessments across The Clearing House suite of products and technology domains. Socialize findings resulting from risk assessments with relevant stakeholders and assist with remediation of said findings.
  • Contribute to the evolution of the ERM Framework, including driving consistency in measurement and methodology across risk management tools, and build out and maintenance of TCH Key Risk Indicators.
  • Ensure the organization's risk profile as related to its activities and dependencies are in alignment with the TCH Business Strategy and Risk Appetite.
  • Monitor and analyze risks within the company's business units and report on these risks to the internal and external risk committees of TCH, supervisors and other applicable internal stakeholders. 
  • Help drive the ERM team in identifying, assessing, monitoring, communicating and reporting risk profiles and matters to the applicable stakeholders.
  • Ensure TCH’s Risk Culture is positively impacted through effective risk training and risk tools.
  • Manage and develop junior team members and manage consultants as applicable.
  • Support the Head of Enterprise Risk Management in implementing Risk Office goals for TCH.
  • Work successfully in a collaborative and team-oriented environment which encourages diversity of thought and open debate of ideas, must possess sound judgment and have the ability to function in a respectful manner.

Physical Demands and Work Environment:

Work is generally sedentary in nature but may require standing and walking. The working environment is generally favorable. Lighting and temperature are adequate, and there are no hazardous or unpleasant conditions caused by noise, dust, etc. Work is generally performed within an office environment, with standard office equipment available. Travel may be required.


TCH places paramount importance on the health and safety of its employees, and, as such, we are taking all necessary steps to protect our workforce. Because this position may require business travel and/or working in close contact with colleagues and other third parties, TCH is requiring that the employee hired into this role present proof that they are fully vaccinated against COVID-19 during their first week of employment.

Apply Below*:

  • A letter of interest describing your experience and interest in the position
  • Your resume
  • Names and contact information of three references, or three letters of reference

* Please submit a single application per position.

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