Managing Director, Risk Governance
$215,000–$250,000 year
On-siteChicago, Illinois, United States
Job Summary
Lead the Risk Framework function to enable the Risk Management Framework as a single, integrated, forward-looking effectiveness across the enterprise and U.S. Material Entities. Define and lead the function to ensure consistent application and evolution in line with strategic and regulatory expectations, providing an enterprise-wide view of risk management effectiveness. Translate evolving regulatory expectations and enterprise strategy into RMF design and application, while administering the RMF Material Entity framework including population refresh and entity-level governance alignment. Drive consistent application across the three lines of defence, the enterprise, jurisdictions, and Material Entities, and identify systemic themes to inform RMF enhancements. Promote and support the Bank's risk culture, ensuring employees understand accountabilities for risk-taking activities and establishing a tone from the top through leading by example. Develop leaders, plan for succession, and foster a high-performance culture while leading and mentoring a diverse team with deep risk and business experience.
Required Qualifications
- University degree in business, finance, economics, law, risk management, or a related discipline
- 8+ years of progressive experience leading enterprise risk management, risk governance, risk framework, regulatory, compliance, control, or related functions and strategic initiatives within a large, complex, regulated organization
- Deep knowledge of risk management frameworks and governance practices, including Risk Management Frameworks, Three Lines of Defence, Effective Challenge, Risk Appetite, and related methodologies
- Strong knowledge of Canadian and U.S. regulatory expectations, governance requirements, and supervisory practices applicable to large financial institutions
- Demonstrated experience designing, implementing, and evolving enterprise-wide risk management frameworks, methodologies, standards, governance practices, or related strategic initiatives requiring enterprise-wide governance, regulatory oversight, and cross-functional alignment
- Proven ability to provide strategic advice and influence senior executives, governance committees, regulators, and stakeholders across multiple business lines, jurisdictions, and functional areas
- Strong understanding of the interrelationships between strategy, risk appetite, governance, risk management, organizational effectiveness, and business performance
- Demonstrated ability to identify systemic issues, drive enterprise-wide alignment, and lead complex cross-functional initiatives with significant organizational, regulatory, or strategic impact
- Exceptional strategic thinking, analytical, communication, and stakeholder management skills, with the ability to translate complex regulatory, governance, and risk management concepts into practical business outcomes
- Proven track record of leading, developing, and retaining high-performing teams while fostering collaboration, accountability, and continuous improvement in a complex matrix environment
Desired Qualifications
- Advanced degree
- Relevant professional designation
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