Enterprise Risk Control Testing Specialist (Remote or Hybrid)

***This position is available as fully remote or hybrid, depending on the location to the Sioux Falls, SD or Wilmington, DE offices.***

The Enterprise Risk Control Testing Specialist will be responsible for the design, implementation, and execution of a comprehensive controls testing program. The role will utilize The Bank’s Process, Risk, and Control (PRC) inventory to perform periodic testing to opine on the control effectiveness for one or more lines of business. This role requires a strategic thinker with a deep understanding of regulatory requirements and risk management frameworks. Additionally, this position oversees broader risk management responsibilities, including identifying and mitigating risks, promoting compliance, and driving a strong risk culture across the organization. It is a pivotal role for ensuring the company’s long-term success and compliance with regulatory standards. The ideal candidate will possess a balance of strategic vision and hands-on experience in risk management and testing.

Essential Functions
Control Testing and Performance

1. Develops and executes a robust control testing program to evaluate the design and operational effectiveness of risk controls across the organization.
2. Establishes testing protocols, methodologies, and schedules to ensure consistent and reliable evaluations of key controls.
3. Creates and executes testing scripts to evaluate key controls.
4. Collaborates with business units to remediate control weaknesses, enhance processes, and ensure adherence to risk policies.
5. Monitors and reports on control performance, including trends, gaps, and improvement opportunities.
6. Leads periodic control assurance reviews, ensuring all risk controls align with regulatory and operational standards.
7. Utilizes the Governance Risk Compliance (GRC) system of record to streamline control testing processes where feasible.
   

General Risk Management

1. Risk Identification and Assessment: Identifies and assesses risks across all business functions, including credit, market, operational, and liquidity risks.
2. Risk Mitigation: Develops strategies to address identified risks and align them with the organization’s risk appetite and tolerance levels.
3. Risk Reporting: Delivers regular and ad-hoc reports to senior management, highlighting control testing outcomes, key risks, and mitigation efforts.
4. Regulatory Compliance: Ensures the organization complies with applicable regulatory requirements by aligning risk controls and frameworks with evolving regulatory expectations.
5. Stakeholder Engagement: Partners with business units, compliance, audit, and technology teams to drive an integrated approach to risk management.
6. Training & Awareness: Conducts training sessions to enhance organizational awareness and understanding of control testing practices and risk management principles.
7. Performs other duties as assigned.

Education/Experience Requirements

• Bachelor’s degree in finance, Business Administration, Risk Management, or a related field.
• 3+ years of experience in risk management, regulatory compliance, control testing, assurance, and performance monitoring within a financial institution.
• Strong knowledge of financial regulations and industry standards.
• Excellent analytical, problem-solving, and decision-making skills.
• Ability to communicate complex information clearly and effectively to various stakeholders.

Preferred Qualifications

• A Post Graduate Degree or Industry Qualification preferred.
• Moderate to strong working knowledge of the financial services industry, products, and services.
• Understanding of risk management concepts and principles including Enterprise Risk Management and Third-Party Risk.
• Strong analytical, data, problem-solving and decision-making skills with high attention to detail and accuracy.
• Excellent verbal, written, and interpersonal communication skills.
• Excellent organizational skills with the ability to prioritize and organize work to meet deadlines.
• Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook, Visio, and other programming skills.
• Position will require occasional travel.

This job will be open and accepting applications for a minimum of five days from the date it was posted.

Salary Range - ($64,664 - $111,118)

This information reflects the base salary pay range for this job based on current national market data. Ranges may vary based on the job's location. We offer competitive pay that varies based on individual experience, qualifications and other relevant factors. We encourage you to apply to positions that you are interested in and for which you believe you are qualified. To learn more, you are welcome to discuss with us as you move through the selection process.

Working at The Bancorp Bank, N.A. and Benefits Information: click here

Diversity & Inclusion at The Bancorp Bank: click here

The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.

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