Enterprise & Operational Risk Manager

Varo is an entirely new kind of bank. All digital, mission-driven, FDIC insured and designed for the way our customers live their lives. A bank for all of us.

Varo’s Enterprise and Operational Risk Team is committed to Varo’s diverse culture, strategic mission, and risk management strategy and is accountable for the management, execution, oversight, and reporting of enterprise and operational risks across the bank. We are committed to driving operational excellence by implementing continuous improvements within the first line of defense.  

Reporting to Varo Bank’s Head of Enterprise & Operational Risk (ERM/ORM), the Enterprise & Operational Risk Manager will be responsible for Second Line Of Defense’s (LOD) governance, execution and oversight of risk and control management, monitoring and reporting over the bank's critical business processes, in partnership with the first line business functions. This requires continuous review and assessment of critical business processes, risk exposures, and the enhancement of the control environment through adequate process design, measurement systems, and the ability to remediate and manage risks. The ERM/ORM Manager will also manage the Second LOD’s Business Process Sprint & Risk and Controls Self-Assessment (RCSA) Program and in doing so, enable the first LOD business partner's ability to manage risks, enable agility, and deliver key business outcomes.

What you'll be doing:

• Lead management and execution of the Second LOD’s Business Process Sprint & RCSA Program
• Provide continuous development and enhancement of the approach/framework for second-line review, assessment, and oversight of risk and controls in our business processes
• Drive the execution and maturation of the program with an approach that is anchored on solid process design, actionable measurement systems, and a culture that focuses on utilizing data to drive continuous improvement 
• Lead the execution of scheduled business process sprints, RCSA, and controls assessments in a comprehensive and timely manner consistent with program methodology and standards 
• Manage governance activities related to Sprints, Risk and Controls Self Assessments, Key Risk Indicator Reporting, and other Internal Risk Assessment activities
• Identify and communicate process and or control deficiencies and engage with process and control owners to ensure deficiencies are resolved in a timely manner
• Review extensive datasets related to KRI’s, critical process and control effectiveness, make recommendations for remediation and track remediation activities to completion
• Work with cross-functional stakeholders within the enterprise to coordinate, manage and maintain risk issues, risk events, and remediation management governance activities

You’ll bring the following required skills and experiences:

• 5-8 years experience working in a similar enterprise or operational risk function
• Experience in a highly regulated industry, such as a banking, financial services, and or technology organization
• Prior experience in an operator and first-line business management role, preferred
• Experience effectively interacting with regulators, and internal Risk and Audit functions
• Technical expertise and knowledge of COSO and ISO ERM/ORM governance and assessment methodologies frameworks, and Basel II Framework guideline and application to internal controls over critical business processes and or financial reporting processes
• Experience managing GRC Tools and producing regular reporting to support risk governance committees
• Expert level experience with Visio and other process mapping tools
• Experience assisting with a continually evolving risk-based monitoring program with a focus on automation and scalability
• Prior experience working within a diverse environment with a wide range of cross-functional stakeholders

#MidSenior

We recognize not everyone will have all of these requirements. If you meet most of the criteria above and you’re excited about the opportunity and willing to learn, we’d love to hear from you!

About Varo

Varo launched in 2017 with the vision to bring the best of fintech into the regulated banking system. We’re a new kind of bank – all-digital, mission-driven, FDIC-insured, and designed around the modern American consumer. 

As the first consumer fintech to be granted a national bank charter in 2020, we make financial inclusion and opportunity for all a reality by empowering everyone with the products, insights, and support they need to get ahead. Through our core product offerings and suite of customer-first features, we aim to address a broad range of consumer needs while profitably serving underserved communities that have been historically excluded from the traditional financial system.

We are growing quickly in our hub locations of San Francisco, Salt Lake City, and Charlotte along with colleagues located across the country. We have been recognized among Fast Company’s Most Innovative Companies, Forbes’ Fintech 50, and earned the No. 7 spot on Inc. 5000’s list of fastest-growing companies across the country.

Varo. A bank for all of us.

Our Core Values

- Customers First

- Take Ownership

- Respect

- Stay Curious

- Make it Better

Learn more about Varo by following us:

Facebook - https://www.facebook.com/varomoney

Instagram - www.instagram.com/varobank

LinkedIn - https://www.linkedin.com/company/varobank

Twitter - https://twitter.com/varobank

Engineering Blog - https://medium.com/engineering-varo

SoundCloud - https://soundcloud.com/varobank

Varo is an equal opportunity employer. Varo embraces diversity and we are committed to building teams that represent a variety of backgrounds, perspectives, and skills. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

Beware of fraudulent job postings!

Varo will never ask for payment to process documents, refer you to a third party to process applications or visas, or ask you to pay costs. Never send money to anyone suggesting they can provide work with Varo.  If you suspect you have received a phony offer, please e-mail careers@varomoney.com with the pertinent information and contact information.

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