New

Manager, Enterprise Risk - Morristown, NJ

Valley National Bank
$123,800.00 - $219,000.00 / yr
paid time off
United States, New Jersey, Morristown
Jul 13, 2025
Back Manager, Enterprise Risk #25-531 Morristown, New Jersey, United States Apply Apply for this job now! Apply Job Overview At Valley Bank, we believe in people's growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we've been the Bank that clients from every industry turn to for our expertise, strategies, and advice-building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth-with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US. At Valley, we're all driven by an ambition that goes deeper than just having a job. That's why when you work for us, we make it our goal to help you focus on what drives you-working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that's not just reserved for our clients-that includes all our associates as well. The Sr Manager, Enterprise Risk plays a critical role in safeguarding the organization by identifying, assessing, and mitigating operational risks that could impact business objectives. This role is responsible for developing, implementing, and maintaining the Enterprise and Operational Risk Framework to effectively manage the bank's risk profile, ensuring internal governance, monitoring, and reporting of key risks are conducted in a timely and accurate manner. This role will not only review and rigorously challenge the risk assessments performed by the line of business and collaborate with these teams to mitigate risks. Expected Work Hours 40 Job Description Responsibilities include but are not limited to: Work with senior business partners enterprise-wide to develop and identify the operational risk profile of the Bank and identify key risk indicators (KRIs) to monitor these risks among the eight risk streams. Provide leadership for the ongoing development, implementation, maintenance, and monitoring of the enterprise's ERM Risk Appetite Report. Develop process to tie Risk Profile to Internal Risk Appetite and work with front line to outline necessary actions to bring back within appetite if applicable. Utilizing the GRC system, compile all risk data and provide enterprise reporting on a quarterly basis from lines of business and support areas. Develop and implement risk mitigation strategies, working closely with business units and departments to identify potential risks. Develop plans to address identified risks and ensure they are within the organization's risk appetite. Oversee the firm wide issue, action and operational risk event identification, escalation, and tracking process for specific business lines. Work with control groups to ensure analysis of issues, actions and events identified, escalated, and documented within the GRC system. Establish an effective Policy Management process to account for and monitor all significant Bank policies. Conduct second line of defense monitoring and provide effective challenge with respect to first line of defense policies, procedures, and risk results, and provides reporting and communication to senior leadership. Assist Risk Management on significant risk related projects, initiatives and special risk assessments that impact the risk profile of the bank. Requirements Required Skills: The required skills for this role include strong analytical abilities to assess complex risk scenarios and develop effective mitigation strategies. Excellent communication skills are essential for presenting risk findings and collaborating with various departments to foster a risk-aware culture. Proficiency in risk management frameworks and regulatory compliance will be utilized daily to ensure the organization meets industry standards. Preferred skills, such as experience with risk management software, will enhance the ability to analyze data efficiently and provide actionable insights. Overall, a combination of technical knowledge and interpersonal skills will be crucial for success in this role. Required Experience: Bachelor's degree in finance, business administration, risk management, or a related field. Minimum of 5 years of experience in operational risk management or a related area within a financial services environment. Strong understanding of risk management frameworks, regulatory requirements, and industry best practices. Preferred Experience: Master's degree in a relevant field or professional certifications such as Certified Risk Manager (CRM) or Certified Risk Management Professional (CRMP). Experience with risk management software and tools to analyze and report on risk data. Full-time/Part-time Full-time FLSA Exempt Location(s) Morristown , New Jersey , United States Total Rewards Summary We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and/or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions. In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process. Job Details Pay Range Pay Range The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay. The actual pay rate will depend on the person's qualifications and experience. $123,800.00 - $219,000.00 / year Pay Transparency In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.