The Role
Job Summary & Responsibilities
SUMMARY: Responsible for overseeing the management of operational risks across the Bank and recommend measures to prevent, eliminate, or mitigate loss. Works closely with other risk functions, business units, and senior management to ensure risks are properly managed, reported, and in compliance with regulatory requirements. Serves as an advocate, facilitator, and educator on division/enterprise operational risk activities and processes.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned.
- Identification and Mitigation of Operational Risks: * Partners with business lines and support functions to identify risks, risk mitigation initiatives, and oversees progress through implementation. * Performs research, provides recommendations, and implements systems/tools designed to mitigate risk and improve processes for assigned division(s) and/or the Bank. * Establishes, implements, and maintains the framework for managing operational risk within the Bank. * Plans, executes, and directs projects that align with the Bank's operational risk framework. * Leads the processes to identify, measure, evaluate, and monitor operational risks via Risk and Control Self-Assessment program and Control Self-Testing program across the organization and propose strategies to mitigate the risks. * Ensures enterprise compliance with Change Management framework * Assists with the quarterly execution of the Operational Risk Assessment, including the aggregation and reporting of Operational Risk exposure across the enterprise * Monitors historical loss data, as well as losses incurred within the industry, to identify operational risk trends and mitigation plans. * Monitors internal/external audit issues to ensure timely remediation.
- Training and Awareness: * Stays abreast of operational risk management industry trends by leading and/or attending seminars, training sessions, and workshops, as necessary to develop and ensure success of the Bank's operational risk program. * Serves in a consultative capacity (subject matter expert) to divisions/business units on operational risk matters. * Creates and/or conducts training to raise awareness of operational risk management and best practices within the bank
- Risk Reporting and Monitoring: * Prepares routine operational risk reports for senior management, key stakeholders, and department, highlighting operational risk exposure, emerging risks, and overall risk profile * Recommends revisions to guidelines, standards, policies and procedures.
- Collaborative Efforts: * Stakeholder representing ORM in key meetings, working groups, and risk committees * Drives the resolution of cross-functional issues. * Facilitates the Risks and Controls Self-Assessment (RCSA) program across the organization * Participates in enterprise initiatives, interacts with support areas and assists in creating operational risk tools and methods. * Confers and cooperates with appropriate personnel to ensure coordination of activities meet the operational risk objectives for the Bank. * Establishes and maintains relationships within a division(s) and throughout the enterprise. * Works with Division Managers to make recommendations and revisions to non-credit administrative authorities for assigned division(s). * Support the enhancement of the bank's enterprise wide GRC tool. * Support Enterprise Risk Management initiatives and programs as needed.
- Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).
- Adheres to Bank policies and procedures and completes required training.
- Identifies and reports suspicious activity.
EDUCATION Bachelor's Degree required
EXPERIENCE
- 4-6 Years related experience in banking and operational risk in a large financial institution and/or equivalent combination of education and experience required
- Strong understanding of operational risk management frameworks and methodologies (ie RCSA, Change Management, Control Testing) preferred
KNOWLEDGE, SKILLS AND ABILITIES
- Demonstrated leadership skills, excellent interpersonal skills, and proven problem-solving ability.
- Team-building and effective communications skills are critical requirements, as is the ability to make decisions in a dynamic environment.
- Well-developed and demonstrated facilitation, persuasion, presentation, and project management skills.
- Knowledge of interrelationships amongst Bank functions.
- Demonstrated ability to champion and support operational risk efforts.
- Ability to effectively collaborate with others and accept challenging assignments.
- Ability to work autonomously and simultaneously manage multiple operational risk projects and initiatives.
ADDITIONAL INFORMATION
- Candidates residing in locations within BankUnited's footprint may be given preference.
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BankUnited Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about BankUnited and has not been reviewed or approved by BankUnited.
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Healthcare Strength — Healthcare coverage is positioned as comprehensive, with medical, dental, and vision options plus disability and life insurance. Wellness programming is described as robust, including incentives, screenings, and on-site fitness facilities at the corporate center.
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Retirement Support — Retirement support includes a 401(k) plan with a company match and relatively quick eligibility after one month. Auto-enrollment and auto-increase features are described, which can help employees build savings consistently.
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Leave & Time Off Breadth — Time-off offerings are described as broad, including a sizable PTO range by level and paid holidays. Additional time-off programs such as volunteer time and flexible/hybrid/remote arrangements are also described for eligible positions.
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The Company
What We Do
BankUnited, Inc., with total consolidated assets of $35.2 billion at March 31, 2021, is a bank holding company with one wholly owned subsidiary, BankUnited. BankUnited, a national banking association headquartered in Miami Lakes, Florida, provides a full range of banking services to individual and corporate customers through banking centers in Florida and New York. The Bank also provides certain commercial lending and deposit products on a national platform. Here at BankUnited, we endeavor to provide, through experienced lending and relationship banking teams, personalized customer service and offer a full range of traditional banking products and services to both commercial and retail customers.
