AVP IT Risk Management

GENERAL SUMMARY

This position is responsible for the execution of 2LOD governance and oversight of Information Technology and Information Security Risk management which includes risks related to IT governance and strategy, IT Operations, Information Security, Change and Configuration Management, overall enterprise Information Technology governance, risk, and compliance (GRC) management including control testing, and regular reporting to the Bank's governance committees. The individual participates in the evaluation of Information Technology and Information Security controls for all material IT Projects or enterprise projects with significant technology dependencies. Individual will make recommendations and assist in the implementation of changes to work methods and procedures to make them more effective, to strengthen controls, or manage risk.

DIRECT REPORTS

This role has no direct reports.

ESSENTIAL FUNCTIONS

• As the second line of defense, provide thought leadership and constructive challenge to the first line of defense for control and risk-related matters.
• Oversee IT/IS risk management practices covering all facets of the IT and IS Risk Management Framework (including Operations, Change/Configuration Management, and Information Security), provide interpretation and counsel on policies and standards.
• Responsible for supporting the Information Technology & Information Security Risk Management program, including assisting with the creation, maintenance and retirement of IT and IS Risk Management policies and standards, performing control testing to evaluate design and operating effectiveness of controls, and assisting with compilation of testing results and reporting to governance committees.
• Documents and reports control failures and gaps to stakeholders. Provides remediation guidance and prepares management reports to track remediation activities.
• Defines and documents business process responsibilities and ownership of the controls in GRC tool. Schedules regular assessments and testing of operational effectiveness and efficiency of controls and creates GRC reports.
• Support the adoption of the Bank’s eGRC platform throughout the enterprise and promote its use amongst the stakeholders of the Information Technology & Information Security Risk Management program.
• Provide technical and best practice guidance on Information Technology & Information Security Risk Management and Information Technology, accounting for specific business platform complexities, and issues. 
• Provide input into the setting of enterprise risk appetite based on platform specific differences and specific business considerations.
• Develop periodic reports of Information Technology and Information Security Risks as required. 
• Review Information Security, Information Technology, and cybersecurity control processes along with associated documentation, and reporting.
• Review key audit, regulatory and client due diligence to develop and communicate risk themes, and potential solutions to the business.
• Establish effective monitoring practices to ensure adherence to the IT & IS Risk Management framework, supporting policies and standards, and assist business in the identification of issues.
• Advise and collaborate with IT and the business on appropriate ways to strengthen controls in non-compliant areas.
• Advise and assess the mitigation of IT & IS Risk Management issues.
• Provide ongoing IT & IS Risk Management governance and direction for the enterprise.
• Engage with the Bank’s leads for Information Technology, Information Security, Disaster Recovery & Business Continuity, Infrastructure, Third-Party Risk Management, Data Governance, and Change Management Practices to obtain technical domain advice and advise on matters of risk.
• Assist with the management of key risk assessment processes related to IT Risk (e.g., GLBA 501 (c), annual cyber risk and maturity assessment, etc.)
• Develop and maintain key business relationships to provide advice and oversight on new initiatives, products, and projects.

QUALIFICATIONS