Job Description
200 Ballardvale St, Wilmington, Massachusetts, 01887, USA
Description
Ametros is changing the way individuals navigate healthcare by providing them with the tools and support necessary to make educated decisions on how to spend their medical funds. Ametros's team works closely with patients, insurers, employers, attorneys, brokers, medical providers, and Medicare to create a seamless experience for our clients. Our flagship product is revolutionizing the way funds from insurance claim settlements are administered after settlement. Ametros continues to innovate, bringing new solutions to the market with the goal of simplifying healthcare for our clients. We make managing medical funds safe, effortless, and cost effective for everyone.
The Operational Risk Manager is responsible for leading and and executing activities supporting consistent and quality execution of risk management activities, including Risk and Control Self-Assessments, monitoring remediation activities, New Activities Program, Model Validation support, and/or regulatory exam and SOX testing support. This individual will act as Point of Contact for audit related activities such as regulatory audits, internal audits, and SOX. ORM Manager will be responsible for defining and establishing reporting processes for key risk indicator data from business unit(s) to assist with reporting deliverables, support first line in raising self-identified issues and vulnerabilities, and providing guidance and ensuring appropriate corrective actions are taken to address known gaps. They will also provide ongoing and value-added operational risk consultation to the line of business to influence process changes and management support with balanced and effective solutions.
Lead and execute activities supporting consistent and quality execution and ongoing enhancement of risk management activities, including:
Risk and Control Self-Assessments, monitoring remediation activities, New Activities Program, Model Validation support, and/or regulatory exam and SOX testing support.
Act as Point of Contact for audit related activities such as regulatory audits, internal audits, and SOX
Defining and establishing reporting processes for key risk indicator data from business unit(s) to assist with reporting deliverables.
Support first line in raising self-identified issues and vulnerabilities, provide guidance and ensure appropriate corrective actions are taken to address known gaps.
Provide ongoing and value-added operational risk consultation to the line of business to influence process changes and management support with balanced and effective solutions. Prepare written analyses and reports to management for presentation to the Operational Risk Management Committee and other Risk Committees as appropriate.
Serve as ambassador to ORM and Risk Appetite strategy by demonstrating general knowledge and links to day-to-day work as appropriate.
Act as secretary for monthly/quarterly risk meeting, including recording the minutes and verifying that any follow-ups, action items, etc from meetings are executed.
Develops and maintains risk management procedures
Implement design and oversight of control testing
Stay abreast of industry trends.
Other duties as assigned.
Requirements:
Bachelor’s Degree in Business Administration, Auditing, or related field or equivalent combination of training, education and experience
Certified Risk Professional (CRP) certification(s) is a plus.
Banking operations experience is a plus.
Compliance background is a plus.
Working knowledge of products, services, processes, requirements, and systems related to the bank
Working knowledge of operational, regulatory and audit risk control concepts and standards
Effective organizational, planning and time management skills
Effective research and presentation skills
Effective skill maintaining accuracy with attention to detail and meeting deadlines
Effective oral and written communication skills and ability to facilitate discussions
Ability to work independently and on a team, multi-task, and take ownership of deliverables
Exposure to collaborating across organizational boundaries and building partnerships across various functions
Willingness to ask questions, challenge the status quo and seek out answers
Occasional travel to Webster sites, meetings, seminars may be required.
The estimated salary range for this position is 90,000USD to $110,000USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.
In addition to our benefits package, employees have the opportunity to get involved with engagement, diversity, and philanthropic initiatives from their first day working with us to help us achieve our goal of Limitless Inclusion for All. As Ametros Citizens, we work together to foster an environment of limitless inclusion and belonging that encourages, supports, and celebrates the diverse voices and backgrounds of our people, while energizing the passion and innovations to revolutionize our industry.
Ametros is an Equal Opportunity Employer
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Description
Ametros is changing the way individuals navigate healthcare by providing them with the tools and support necessary to make educated decisions on how to spend their medical funds. Ametros's team works closely with patients, insurers, employers, attorneys, brokers, medical providers, and Medicare to create a seamless experience for our clients. Our flagship product is revolutionizing the way funds from insurance claim settlements are administered after settlement. Ametros continues to innovate, bringing new solutions to the market with the goal of simplifying healthcare for our clients. We make managing medical funds safe, effortless, and cost effective for everyone.
The Operational Risk Manager is responsible for leading and and executing activities supporting consistent and quality execution of risk management activities, including Risk and Control Self-Assessments, monitoring remediation activities, New Activities Program, Model Validation support, and/or regulatory exam and SOX testing support. This individual will act as Point of Contact for audit related activities such as regulatory audits, internal audits, and SOX. ORM Manager will be responsible for defining and establishing reporting processes for key risk indicator data from business unit(s) to assist with reporting deliverables, support first line in raising self-identified issues and vulnerabilities, and providing guidance and ensuring appropriate corrective actions are taken to address known gaps. They will also provide ongoing and value-added operational risk consultation to the line of business to influence process changes and management support with balanced and effective solutions.
Lead and execute activities supporting consistent and quality execution and ongoing enhancement of risk management activities, including:
Risk and Control Self-Assessments, monitoring remediation activities, New Activities Program, Model Validation support, and/or regulatory exam and SOX testing support.
Act as Point of Contact for audit related activities such as regulatory audits, internal audits, and SOX
Defining and establishing reporting processes for key risk indicator data from business unit(s) to assist with reporting deliverables.
Support first line in raising self-identified issues and vulnerabilities, provide guidance and ensure appropriate corrective actions are taken to address known gaps.
Provide ongoing and value-added operational risk consultation to the line of business to influence process changes and management support with balanced and effective solutions. Prepare written analyses and reports to management for presentation to the Operational Risk Management Committee and other Risk Committees as appropriate.
Serve as ambassador to ORM and Risk Appetite strategy by demonstrating general knowledge and links to day-to-day work as appropriate.
Act as secretary for monthly/quarterly risk meeting, including recording the minutes and verifying that any follow-ups, action items, etc from meetings are executed.
Develops and maintains risk management procedures
Implement design and oversight of control testing
Stay abreast of industry trends.
Other duties as assigned.
Requirements:
Bachelor’s Degree in Business Administration, Auditing, or related field or equivalent combination of training, education and experience
Certified Risk Professional (CRP) certification(s) is a plus.
Banking operations experience is a plus.
Compliance background is a plus.
Working knowledge of products, services, processes, requirements, and systems related to the bank
Working knowledge of operational, regulatory and audit risk control concepts and standards
Effective organizational, planning and time management skills
Effective research and presentation skills
Effective skill maintaining accuracy with attention to detail and meeting deadlines
Effective oral and written communication skills and ability to facilitate discussions
Ability to work independently and on a team, multi-task, and take ownership of deliverables
Exposure to collaborating across organizational boundaries and building partnerships across various functions
Willingness to ask questions, challenge the status quo and seek out answers
Occasional travel to Webster sites, meetings, seminars may be required.
The estimated salary range for this position is 90,000USD to $110,000USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.
In addition to our benefits package, employees have the opportunity to get involved with engagement, diversity, and philanthropic initiatives from their first day working with us to help us achieve our goal of Limitless Inclusion for All. As Ametros Citizens, we work together to foster an environment of limitless inclusion and belonging that encourages, supports, and celebrates the diverse voices and backgrounds of our people, while energizing the passion and innovations to revolutionize our industry.
Ametros is an Equal Opportunity Employer