Log In
Sign Up
Manager, Enterprise Risk Fulltime
Join Commerce Bank to lead the Enterprise Risk Management team, set strategies, and collaborate with stakeholders to ensure a robust risk framework. Be part of our supportive culture that values growth, learning, and investing in your success. If you’re ready for a rewarding challenge, let’s talk! #Opportunity #RiskManagement
Summarize by CVGorilla
About Working at CommerceBuilding a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn’t stop there. Our culture is about our people, the ones in our communities and the ones that work with us.Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you.Creating an award-winning culture doesn’t come easy. And after more than 155 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk.Compensation RangeAnnual Salary: $131,500.00 – $157,000.00 (Amount based on relevant experience, skills, and competencies.)About This JobThe main purpose of this job is to manage and set strategy for the Enterprise Risk Management team, including, in collaboration with the Chief Risk Officer, designing and maintaining the enterprise risk management framework for the company. The Senior Manager, Enterprise Risk will interface with all levels of management and will oversee the continuous improvement of the Bank’s enterprise risk management program. The Senior Manager, Enterprise Risk will provide strategic thought leadership and guidance through engagement with stakeholders across the three lines of defense. Strong interpersonal skills, good judgment, excellent written and oral communication skills, and the ability to collaborate effectively are vital for success in this role.Essential Functions• Develop corrective action plans in response to audit, regulatory, and self-identified issues• Lead, mentor, and motivate team members to implement the department strategy and be responsible for upholding the company culture and driving it within the organization• Communicate decisions, priorities, and relevant information to appropriate levels of staff effectively• Oversee budget management, planning and expenditure• Responsible for the leadership, innovation, governance, and management necessary to identify, evaluate, mitigate, monitor, and report the company’s enterprise strategic risk. Develop Enterprise Risk Management tools, practices, and policies to analyze and report enterprise risks, and to manage risks according to an enterprise risk management framework.• Serve as a subject matter expert, set strategy, and provide direction and day-to-day support to various business units related to enterprise risk management (ERM). Responsible for providing expert guidance, credible challenge, and effective oversight of respective risk to first line partners and their activities where warranted.• Manage all components of the Enterprise Risk Management program, including policy management program, risk committee management, committee charter reviews, enterprise risk assessments, key risk indicators, risk reporting, risk and control framework, governance structure, ERM advisory services, coordination with strategic planning office, implementation and enhancement of ERM modules within governance, risk, and compliance tool, and implementation of improvement plans as needed• Maintain a strong technical understanding of enterprise risk management frameworks and applicable regulatory guidance• Lead efforts, and work with key stakeholders, to prepare agendas, materials, support users, manage meetings, and prepare reporting for risk committees. Present quarterly to various risk committees and senior and executive management.• Monitor emerging risks, reviews key performance indicators/metrics, and industry trends to proactively identify and report on potential threats to the organization• Manage regulatory examinations and maintain strong relationships with supervisory regulators• Perform other duties as assignedKnowledge, Skills & Abilities Required• Advanced knowledge of risk management-related financial institution regulations and guidance• Ability to take on increasing levels of responsibility, including developing and executing on strategies to enhance the enterprise risk management program• Ability to understand complex processes, systems, and data flows• Strong critical thinking skills with the ability to apply discretion and sound judgement to efficiently and effectively solve problems• Ability to drive results and balance management of organizational risk and meeting goals of the business• Strong leadership skills with ability to motivate team members and foster a positive team environment that gives way to collaboration and unified goals• Outstanding interpersonal and relationship building skills with the ability to effectively communicate with all levels of the company, clearly expressing ideas and concepts both verbally and in writing• Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values• Advanced proficiency in a variety of standard and risk reporting software tools including Excel, Word, Power Point, Visio, PowerBI, and experience with Governance, Risk & Compliance systems/softwareEducation & Experience• Bachelor’s degree or equivalent combination of education and experience required. Degree in Law preferred.• 8+ years of practical experience as a risk professional, compliance officer, auditor or attorney required• 4+ years management experience required• Broad risk management experience in a financial institution setting preferred• Experience with Agile methodologies preferred• Certified Enterprise Risk Professional (CERP) or Certified Regulatory Compliance Manager (CRCM) designation preferred• **For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles. This compensation range is for the Senior Manager, Enterprise Risk job and contemplates a wide range of factors that are considered in making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, it is not typical for an individual to be hired at or near the top of the range for their role, and compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $131,500 to $157,000 annually. This position will be eligible for additional compensation through performance-based incentive plan(s) that will correspond to meeting performance goals. The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits. Click here to learn more.#LI-RemoteLocation: 8000 FORSYTH BLVD, Clayton, Missouri 63105Time Type:Full time
