Enterprise Risk Manager

Job Title

Enterprise Risk Manager

Location 

Salt Lake City, UT

WebBank

WebBank (the "Bank) is headquartered in Salt Lake City, Utah, and is an FDIC insured, state chartered Industrial Bank organized under the laws of the State of Utah. Through its industrial bank charter, WebBank engages in a full range of banking activities.

The Bank is a leading provider of national revolving and closed-end financing programs. In addition to originating and funding consumer and commercial (small to medium size business) private-label (closed-loop network) and bank card (i.e. MasterCard/Visa) programs the Bank also participates in both new and existing syndicated senior secured loans originated by national and regional financial institutions.

Strategic Partnership Group

Operating in cooperation with third-party vendor relationships ("Strategic Partners), the Bank originates and funds primarily consumer and commercial (small to medium size business) private-label (closed-loop network) or bank card (i.e. MasterCard/Visa) programs ("Strategic Partner Programs). The Bank enters into contractual arrangements with Strategic Partners in which a Strategic Partner will market, administer, and service one of the Banks Strategic Partner Programs under the framework and guidelines established by the Banks policies and procedures and under the direct oversight and supervision of the Bank. 

Oversight and management of Strategic Partners is the joint responsibility of the Strategic Partners Group ("SP Group) and the Compliance Department. The SP Group is responsible for overseeing each Strategic Partner relationship, including management of day to day activities. Program Managers that report into the SP Group function as the single point of contact for each Strategic Partner relationship in order to manage ongoing oversight and supervision of their assigned programs. The Program Managers are supported by Compliance Managers that are also dedicated to specific programs. The focus of the Compliance Managers is to manage and mitigate regulatory risk within their assigned relationship(s) and ensure that each Strategic Partner implements an effective and robust compliance management system.

Job Summary

The Enterprise Risk Manager reports directly to the Chief Compliance Officer. Risk management responsibilities of the position are broad and reach across virtually every area of Bank Operations. In particular, the Enterprise Risk Manager is responsible for evaluating, monitoring, mitigating, and managing all areas of risk associated with Strategic Partners and Strategic Partner Programs, including but not limited to vendor management, technology, and data security. In addition, the Enterprise Risk Manager will take a leading role in managing or collaborating in the management of core risk areas outside of Strategic Partner Programs. These core risk areas will include those associated with deposit operations, product risk management, credit risk management, audit, and legal risk. The Enterprise Risk Manager shall draw upon internal and third-party specialists as needed to help evaluate and manage such risks. The Enterprise Risk Manager shall work under the direction of the Chief Compliance Officer and will work closely with the SP Groups VP Operations and the Banks Chief Credit Officer to evaluate, communicate and mitigate identified risks in credit, compliance, and operational management areas. The Enterprise Risk Manager shall also work closely with, yet independent from, the Program Managers and Compliance Managers to mitigate and eliminate risk within the Strategic Partner Programs. The Enterprise Risk Manager position shall be autonomous from any specific Strategic Partner relationship which shall provide the independence needed to look at Bank-wide risk related to all Strategic Partner Programs. 

Responsibilities

Position Requirements


               If you would like to apply for this position,  please send your resume to:  resume@webbank.com