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Western Alliance Bank Operational Risk Manager in Grove City, Ohio

Job Title: Operational Risk Manager Location: CityScape What you'll do: The ERM Manager will work within the bank's second line of defense and will be responsible for supporting, leading, and enhancing enterprise risk management program functions such as Issue Management, Risk Events, Operational Losses, Scenario Analysis, Risk and Control Self-Assessment (RCSA), and Key Risk Indicator (KRI). This role is part of the Enterprise and Operational Risk Management Group (ERM/ORM) that is responsible for developing, implementing, and operationalizing the bank's risk management framework. ERM/ORM is a growing organization focused on providing expert guidance, credible challenge, and effective oversight of risk-taking activities throughout the company. The organization plays a critical role in helping to inform bank management and the Board of Directors of the risks inherent in its actions and decisions, enterprise impacts, and opportunities to manage risk. The ERM Manager will effectively collaborate with internal stakeholders and maintain strong partnerships. What we are looking for: Responsibilities: Assist in the execution of the Bank's Operational Risk Management (ORM) Framework. Review draft issue observations with all key stakeholders and perform effective challenge on the appropriateness of the management action plan prior to opening issue. Review issue closure packages and ensure management action plan was closed appropriately. Enhance and implement the Operational Loss Program Monitor operational risk trends and provide analysis on loss data and other operational risk metrics. Review and provide challenge on key risk indicator (KRI) information. Assist with the implementation of the bank's new risk and control taxonomy across key risk identification and assessment tools (including RCSA, Issue Management, Event Management). Enhance and implement a Scenario Analysis program to examine and develop estimates of the impact and likelihood of plausible low likely-hood/high-impact operational loss events. Apply sound judgment in evaluating risks and controls; effectively challenge first line of defense on the identification and disposition of risks, and the adequacy of controls. Contribute to various enterprise risk management initiatives, produce high quality deliverables including procedure documents, reports, and presentations for all levels of management. Collaborate across work streams and support cross-functions for ERM/ORM program enhancements. Qualifications: Bachelor's degree required in related field. 6+ years of direct, related experience - Risk Management, Internal Audit, or internal controls. Ability to be flexible and manage various projects and competing priorities. Excellent verbal and written skills. Ability to effectively manage multiple deliverables and be able to identify and implement process improvements. Knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services. Knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices. Compensation: Salary range for new hires is generally $152,137.00 - $187,934.00 for Westlake Village, CA. Salary amount is determined by specific job location. In addition, the role may be eligible for annual bonus/incentives earned and restricted stock. Benefits you'll love: We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, givi

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