NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business ("SMB") market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses, and reduce their risk.
Newtek's and its subsidiaries' business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Financing, Insurance Solutions, Web Services, and Payroll and Benefits Solutions.
Newtek Bank, N.A. is looking to add a
Vice President, Risk and Governance Manager to its team.
The
VP, Risk and Governance Manager plays a crucial role in ensuring that an organization adheres to SOX requirements, manages risks effectively, and maintains compliance with internal policies and procedures. This position will play a critical role in the governance of all internal control related matters including: SOX compliance, Internal Audit, and regulatory issues.
Essential Functions and Responsibilities: (other duties may be assigned as needed)
- Risk Assessment and Mitigation:
- Conduct thorough risk assessments across various business functions.
- Identify potential risks, both internal and external, that could impact the organization.
- Develop risk mitigation strategies and action plans
- Collaborate with relevant stakeholers to implement risk mitigating controls which ensure compliance with all relevant regulatory requirements (SOX, OCC, and FRB)
- Policy Development and Implementation:
- Create and update risk management policies, procedures, and guidelines.
- Ensure that these policy align with industry/regulatory standards, legal requirements, and organizational objectives.
- Communicate policies to employees and provide training on risk related matters.
- Reporting and Communication
- Prepare risk reports for senior management and the Risk Committee
- Present findings, trends, and recommendations related to risk exposure.
- Foster open communication channels to discuss risk-related issues across the organization.
- Stakeholder Engagement
- Collaborate with legal, finance, lending, operations, and other departments to ensure a holistic approach to risk management.
- Engage with external stakeholders, such as external/internal auditors, and industry peers to stay informed about best practices and emerging risks.
Knowledge, Skills & Abilities
- Analytical Thinking: Risk Governance Managers must analyze complex data, assess probabilities, and make informed decisions.
- Business Acumen: Understanding the organization's industry, operations, and strategic goals is crucial.
- Legal and Regulatory Knowledge: Familiarity with OCC and FRB laws and regulations and SOX compliance standards.
Communication Skills: Effective communication with diverse stakeholders is essential.
Leadership and Influence: Ability to drive risk management initiatives and influence decision-makers.
Adaptability: The risk landscape evolves, so adaptability is key.
Education & Certification Requirements
The ideal candidate should have at least 5 years of experience in adopting, maintaining, and reviewing internal controls related to governance, compliance, quality audits, or risk management programs.
Knowledge: Familiarity with OCC, FRB, and SOX regulations are a must.
Certification: Having certifications such as CPA (Certified Public Accountant), CISA (Certified Information Systems Auditor), and CIA (Certified Internal Auditor) can be beneficial.
Salary Range: $140,000 to $165,000 per year
NewtekOne is an Equal Opportunity Employer; M/F/D/V. We require all of our employees to perform work in an ethical manner and uphold our Code of Business Conduct and Ethics at all times.
