Director of Risk and Control Self-Assessment

Job Summary:

Rockland Trust seeks an experienced Director of Risk & Control Self-Assessment (RCSA).

This position will report to the Assistant Operational Risk Officer in the Second Line of Defense risk management function and work closely with business units, operational areas, information technology, Second Line risk management functions and Internal Audit as a thought leader in the maturation of Rockland Trust’s risk management framework.

This role will engage with all levels of the organization to mature and maintain the RCSA Program and Controls Assurance Standard, providing independent oversight of First Line of Defense execution of RCSA and control testing activities.

This role will also assist with the development and monitoring of operational Key Risk Indicators (KRIs) and Key Control Indicators (KCIs).

Results will be documented in the Archer Governance, Risk and Compliance (GRC) system.

Responsibilities:


* Own and manage the RCSA Program and Controls Assurance Standard and associated change control processes in alignment with the Bank’s strategic objectives, size, complexity, risk appetite and regulatory expectations.


* Lead the independent and objective Second Line RCSA oversight function.


* Develop processes, procedures, and job-aids in support of the RCSA Program and Controls Assurance Standard.


* Provide effective review and challenge of First Line execution of RCSA activities, including the determination of Inherent Risk, qualitative assessments of control environment effectiveness and Residual Risk ratings.


* Perform quality assurance reviews over a sample of First Line tested controls to ensure adherence to the requirements of the Controls Assurance Standard.


* Execute RCSA and control testing activities for Second Line owned risk management programs.


* Identify control deficiencies and instances of excessive or redundant controls.


* Continuously evaluate the Bank’s control inventory to ensure consistency in data quality.


* Work with the First Line on the identification, documentation, monitoring, and periodic validation of operational Key Risk Indicators (KRIs) and Key Control Indictors (KCIs).


* Prepare and present regular RCSA results reporting to senior management and appropriate committees, highlighting enterprise-wide trends, key issues, emerging risks, and recommended actions.


* Assist in the maintenance of the Operational Risk Taxonomy and Risk Register.


* Act as a risk management subject matter expert, providing advice, training and support to business units and operational areas to build risk and control awareness across the organization.


* Assist with the ongoing development of the Archer GRC system.

Qualifications:


* Minimum of a bachelor’s degree.


* Minimum of 7-10+ years of operational risk management, RCSA and/or controls experience at a bank similar in asset size to, or larger than Rockland Trust.


* Ability to collabo...