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VP Risk Assessment & Controls

New York, NYACG Resources

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Risk Assessment and Controls Officer

Enterprise Risk Management

New York, NY

Job Summary:

The Risk Assessment and Controls Officer is responsible for the effective challenge of risk assessments; particularly as it relates to the documentation of processes, risks & controls, along with related risk ratings, execution of related control testing, reporting and monitoring of related deficiencies.  This person reports to the SVP and CRO, and is primarily responsible for performing various Enterprise Risk Management Program activities for the Bank as a whole under the direction of the SVP and CRO.  This encompasses responsibility as part of the second line of defense for the enterprise-wide risk assessment process and related updates and monitoring with respective departments and business owners on their Risk & Control Self-Assessments (RCSAs), as well as ongoing monitoring and assistance with reporting on enterprise risks to senior management and the Board, all as it relates to the risk assessment process and the control testing program. 

The Risk Assessment and Controls Officer is responsible for and involved in contributing to the ERM Metric Dashboard reporting as it relates to metrics identified and captured in the risk assessment process.  He/she is also responsible for related Corporate Governance monitoring (e.g., policies & procedures impacting their particular areas of risk); updates and reporting in conjunction with the ERM policy & procedures, as well as the Risk Appetite Statement, all as it relates to elements of the risk assessment process and control testing program in particular.

This position is responsible for having an understanding of the audit and regulatory findings impacting the risk assessment process and control testing program, along with the respective business owners, and the impact of such findings on the state of controls and related inherent, control and residual risk ratings within the RCSA process.  This is viewed as a key element to the RCSA process and overall enterprise-wide risk assessment reporting overseen by the SVP and CRO.

Additional Responsibilities:

  • Execute streamlined and standardized control testing approaches across the program where it makes sense to do so, effective challenge to data sources and data integrity, and implementing related protocols to improve such processes, and also performing root cause analysis of issues identified.

  • In connection with the institution's enterprise risks as defined in the ERM Policy & Procedures, this position may be asked by the SVP and CRO to assist or participate in other key activities and committees in the Bank as considered appropriate in the circumstances, particularly those matters related to the risk assessment process and control testing program.


  • Bachelors Degree and 5+ years of relevant experience in peforming risk assessments, assessing and challenging ratings, and executing the control testing program.

  • Proven experience in developing and executing test scripts and independently performing control testing identification and monitoring of deficiencies, along with reporting and monitoring of remediation activities.

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