Company Information
Israel Discount Bank of New York, also known by its registered service mark, “IDB Bank,” is a full-service commercial bank chartered by the State of New York and a member of the Federal Deposit Insurance Corporation (FDIC). Our liquidity and capital ratios are strong, and we are ranked by Crain’s New York Business as the 14th largest commercial bank in the New York area. the Bank provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, genetic status, citizenship status, marital status, military or veteran status, current unemployment or any other legally protected category in accordance with applicable federal, state and local law.
Job Summary
The Enterprise Risk Management (ERM) team is seeking an experienced, proactive risk professional. This role plays a central role in driving governance transformation, regulatory reporting, framework development, and GRC tool administration across the bank. The primary mandate is to overhaul and modernize the bank’s Policy & Procedure Governance Framework, own executive and regulatory risk reporting (CRO and Enhanced Prudential Standards/EPS), support the Internal Capital Adequacy Assessment Process (ICAAP), co-lead the ERM committee governance, participate in the bank’s emergent AI Risk Framework working group, and oversee Issue Management and Archer GRC operations.
Job Description
Policy & Procedure Governance Framework Modernization
Deploy an end-to-end Policy & Procedure repository and lifecycle management framework utilizing RSA Archer (inventory and tracking) and SharePoint (central document repository, metadata tagging, and enterprise search capability).
Execute the enterprise-wide migration and re-formatting of all existing bank procedures into newly standardized procedure templates.
Execute and monitor automated review notifications via Archer to procedure coordinators and policy owners across business and functional units.
Aggregate, analyze, and produce quarterly compliance and review status reports on the policy and procedure universe for senior risk leadership and committee oversight.
2. Risk Reporting & Executive Governance
Coordinate and dispatch the monthly Chief Risk Officer (CRO) report package to risk managers across lines of defense; aggregate business-line inputs and finalize reports for submission to Head Office.
Lead the end-to-end production of the quarterly EPS report. Synthesize key findings from the Quarterly Risk Committee report and liaise cross-functionally with Internal Audit, Finance, Corporate Strategy, and the Broker-Dealer subsidiary to capture required multi-entity inputs.
Serve as the corporate secretary/governance lead for the ERM Committee, preparing agendas, compiling meeting materials, and recording official meeting minutes.
3. Capital Planning & Stress Testing (ICAAP)
Support the annual Internal Capital Adequacy Assessment Process (ICAAP), focusing on the "Building Blocks" framework.
Assist with the review of capital stress model methodologies, underlying assumptions, and support quantitative calculations and documentation.
4. Emerging Risk & Strategic Initiatives (AI Framework)
Represent the ERM team as a core member of the bank’s Artificial Intelligence (AI) working group to conceptualize, design, and implement the bank’s foundational AI Risk Management and Governance Framework.
Lead or contribute to cross-functional risk projects, regulatory remediation tasks, and strategic risk analyses as directed by leadership.
5. Issue Management & Archer GRC Administration
Oversee and enhance the bank-wide Issue Management process to ensure timely identification, root-cause analysis, remediation tracking, and validation of audit, regulatory, and self-identified issues.
Serve as the business administrator/process manager for the Archer GRC platform, optimizing workflows, managing system…