Director Enterprise Risk Management-Risk Analytics & Innovation (HYBRID-Richmond, VA)

The Director of Risk Analytics and Innovation plays a pivotal role within the Chief Risk Officer (CRO) organization serving as a senior leader and strategic advisor. This position is essential in shaping the Banks risk management framework by leading the development of advanced risk analytics capabilities and driving the technology strategy. Reporting directly to the CRO the Director will not only modernize risk management through data-driven insights and innovative technologies but also enhance process automation initiatives. By collaborating with senior leaders across the Bank the Director will strengthen the Banks risk analytics infrastructure promote data-informed decision-making and foster a culture of innovation ultimately advancing the Banks risk-aware culture.

Position Accountabilities

Risk Analytics Leadership

• Build and lead a high-performing team of professional that enables the risk analytics and innovation strategy of the Bank.
• Serve as a strategic advisor to the CRO on analytics automation and technology matters related to the risk organization.
• Foster collaboration and partnership across the risk organization and with other senior leaders in the Bank.
• Implement advanced risk models and analytics frameworks aligned with the Banks risk management program and related risk appetite statement.
• Establish the strategy for and deliver on data and analytics initiatives
• Partner with the senior leadership to identify or develop tools that enable advanced capabilities to assessment monitoring and escalating risks within the Bank.
• Design develop and maintain the data model databases and data sets needed with sustainable best practice solutions and advocate with Information Technology partners on appropriate systems and platforms.
• Ensure data quality governance and integrity in all risk analytics initiatives.
• Deliver strategic risk insights and reporting to executive leadership and the Board Risk Committee.
• Coordinate with Risk leaders to direct the strategy and development of dynamic reporting dashboards for key risk indicators (KRIs) across various risk domains.
• Enable the delivery of timely and accurate reporting of KRIs to executive leadership and Board Risk Committee
• Determine the strategy for the utilization of data visualization tools to present risk insights in an actionable format.
• Ensure data and analytics can support a continuous monitoring

Innovation and Technology Strategy

• Define and execute the technology roadmap for the CRO organization through coordination with Information Technology.
• Ownership of implementation and administration of risk management systems and technology.
• Ensure proper maintenance of risk management systems data and technology.
• Evaluate and implement emerging technologies to enhance risk management capabilities.
• Direct the department specific Identity and Access Management process for systems and software that are decentralized.
• Partner with IT data governance and business units to ensure seamless integration of risk systems and tools.
• Champion a culture of innovation continuous improvement and agility within the risk function.
• Identify and prioritize opportunities for automation within risk management processes to improve efficiency accuracy and scalability.
• Assist the broader Enterprise Risk Management team in evaluating risk objectives to creatively identify/define analytics that can improve the efficiency of and target risks areas
• Conduct data analysis in support of key risk assessments draw insights from the analysis communicate key findings/issues/concerns and make recommendations based on the output to drive appropriate actions
• Deliver innovative reporting and dashboards while ensuring automation timely delivery and other quality standards are maintained

Organizational Relationship

This position reports to the Chief Risk Officer and works closely with the board risk management team as well as with all members of the first and third lines of defense including senior and executive management.

Position Qualifications

Education & Experience

• A Bachelors Degree in a technology data science computer science finance math or business administration area of study and 10 years equivalent work experience preferably in the areas of data analytics or data warehousing. Masters Degree preferred
• Ten years of defining and implementing data and business intelligence strategy and best practices
• Ten years of team development mentoring and management
• Ten years of analysis and data/BI life cycle experience including documenting business requirements and/or functional specifications in a data warehousing environment
• Ten years of experience using business intelligence and query tools including working with SQL and writing SQL queries and scripts required
• Ten years of experience in a financial institution or related field preferred
• Professional designation in the field of technology analytics or similar

Knowledge & Skills

• Demonstrated ability to interact with executive management the Board of Directors external auditors and regulatory agencies with tact and diplomacy while achieving stated objectives.
• Proven leader with an ability to inspire and lead across functional teams to achieve a unified vision with measurable outcomes.
• Demonstrated ability to manage competing and changing priorities.
• Advanced technology skills including relational database concepts data analysis & visualization software SQL Python and similar technology
• Strong understanding of regulatory requirements and frameworks.
• Excellent analytical mathematical evaluative and problem-solving skills
• Excellent listening interpersonal written and oral communication skills
• Highly self-motivated and directed
• Ability to effectively prioritize and execute tasks while under high pressure and deadlines
• Understanding of basic financial statements and accounting principles and procedures
• In-depth knowledge of applicable data privacy practices and laws
• Experience working in a team-oriented collaborative environment

Salary offered will be based on several factors including but not limited to education work experience certifications etc. This position is also eligible to participate in either an applicable incentive compensation plan for the position or a discretionary profit sharing bonus program. General information on our comprehensive benefits package can be found by visiting are proud to be an Equal Employment Opportunity employer. We maintain a drug-free workplace.