Director - ERM Product Risk


Accounting + Finance


New York, New York

Employment Type



Our client, a Pioneer in the FinTech industry, is looking to add a Director to their Enterprise Risk Management Team with a focus on Product Risk. This role will have responsibilities in all aspects of the enterprise-wide risk management program, with a particular emphasis on Product and Technology Risk Management.

Compensation : $150000 - $175000
Job ID : 23230

Job Function:

  • facilitate and lead interfacing with functional units to evolve the organization’s ERM and Technology Risk Framework, and establish, communicate, and execute risk management methodology, processes, risk appetite and risk culture.
  • contribute to the ERM program by reviewing and challenging day to day operations of payment systems, executing targeted risk assessments on material product changes, developing reporting, and progressing the ERM framework by enhancing product risk management and ERM processes, controls, methodologies, guidelines, procedures, and practices.
  • extensive interaction with The Firm’s external stakeholders, including supervisors and the Enterprise Risk Committee.
  • Plan and conduct targeted risk assessments across the Firm's suite of products.  
  • Act as the product risk management liaison between various business organizations and risk functions while dealing with product risk matters.
  • provide thought leadership and constructive challenge to the first line of defense for risk-related matters.
  • Contribute to the evolution of the ERM Framework, including driving consistency in measurement and methodology across risk management tools, and build out and maintenance of Key Risk Indicators.
  • Help drive the ERM team in identifying, assessing, monitoring, communicating and reporting risk profiles and matters to the applicable stakeholders.
  • Ensure Risk Culture is positively impacted through effective risk training and risk tools.

Job Requirements:

  • Bachelor’s degree in risk management, business administration, finance, or a related area.  
  • At least 6-8 years of first or second line risk management experience (preferably related to Operations, Technology, or Product management).  
  • 8+ years of financial services work experience managing and implementing enterprise-wide projects, multi-tasking on projects with competing priorities, risk assessments, due diligence, Operational Risk Management (ORM) and/or ERM.  
  • Applied knowledge of product change governance processes, including risk review and challenge of new products and/or changes to existing products.  
  • Proven experience in working with or contributing to development of an ERM and/or ORM framework in a dynamic and complex organization.  
  • Applied experience with risk governance and control industry frameworks, such as COSO or equivalents.  
  • Current knowledge of regulations and emerging industry risks and trends in the finance, banking and payments system industry.  
  • Ability to understand management objectives, risk appetite, tolerances and impact of changes to risk profiles.  



Disclosure: The hourly rates and/or salaries listed may or may not reflect total compensation packages including bonus and fringe benefits, etc., nor are the advertisement(s) posted a guarantee of a certain compensation package for a position or bona fide offer of employment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.