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Early Warning® · 1 day ago

Risk Transformation Director

Chicago, IL

Full-time

Hybrid

Senior Level, Lead/Staff

$150K/yr - $185K/yr

10+ years exp

Early Warning is a trusted name in payments, partnering with institutions to enhance financial services. The Risk Transformation Director will lead enterprise-wide initiatives to improve process risk management and drive strategy across various organizational lines to elevate risk maturity and efficiency.

Financial ServicesFraud DetectionPaymentsRisk Management

No H1B

Responsibilities

Be the strategic leader to support the design and execution of the identified initiatives related to the Risk Transformation roadmap, ensuring alignment with enterprise strategic priorities and regulatory expectations

Collaborate and partner with senior leaders in the 1st and 2nd Lines of Defense to clarify risk ownership, accountability, and governance

Establish and institutionalize an enterprise process risk management framework that integrates risk identification, assessment, and control effectiveness evaluation

Partner with process owners to embed risk and control considerations into core business and technology processes

Ensure end-to-end visibility of risk within key business processes, including data, technology, third-party, and regulatory dependencies

Define and implement the Target Operating Model (TOM) for risk management, including process standards, control frameworks, reporting structures, and engagement models

Design the future-state Risk Operating Model—spanning governance, process, people, technology, and data components

Define roles, responsibilities, and interfaces across risk, compliance, audit, and business teams. Communicate cross-functionally for understanding on accountabilities and responsibilities

Partner with HR and transformation offices to align org structure, capacity planning, and workforce capabilities with TOM design

Drive risk reporting modernization, including owning identifying and creating enhanced Key Risk Indicators (KRIs), control health metrics, and transformation progress reporting

Produce and present updates to senior leadership, Board Risk Committees, and regulators on transformation milestones and outcomes

Ensure alignment with regulatory frameworks such as OCC Heightened Standards, FFIEC, Basel, and COSO ERM

Supports the company’s commitment to risk management and protecting the integrity and confidentiality of systems and data

Qualification

Risk managementOperational riskProcess excellenceEnterprise transformationRisk operating modelsControl testingRegulatory frameworksStakeholder influenceChange leadershipProgram managementAdvanced degreeCertificationEffective communication

Required

10+ years of experience in risk management, operational risk, process excellence, or large-scale transformation within financial services or other highly regulated industries

Proven experience designing and implementing risk operating models or enterprise transformation initiatives

Deep understanding of risk management frameworks, control testing, RCSA, issue management, and regulatory expectations

Strong program management, change leadership, and stakeholder influence skills

Effective communicator, both written and verbal, ability to convey complex ideas in a clear, concise manner for all levels of leadership including internal and external stakeholders

Ability to effectively prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment

Ability to influence and drive enterprise-wide strategic decisions with significant impact to the company

Ability to lead through ambiguity and deliver measurable outcomes

Bachelor's degree required; advanced degree or certification (e.g., CRISC, CISA, PMP, MBA) preferred

Background and drug screen

Preferred

Advanced degree or certification (e.g., CRISC, CISA, PMP, MBA)

Benefits

Healthcare Coverage – Competitive medical (PPO/HDHP), dental, and vision plans as well as company contributions to your Health Savings Account (HSA) or pre-tax savings through flexible spending accounts (FSA) for commuting, health & dependent care expenses.

401(k) Retirement Plan – Featuring a 100% Company Safe Harbor Match on your first 6% deferral immediately upon eligibility.

Paid Time Off – Flexible Time Off for Exempt (salaried) employees, as well as generous PTO for Non-Exempt (hourly) employees, plus 11 paid company holidays and a paid volunteer day.

12 weeks of Paid Parental Leave

Maven Family Planning – provides support through your Parenting journey including egg freezing, fertility, adoption, surrogacy, pregnancy, postpartum, early pediatrics, and returning to work.