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Director, Risk Assessment, Testing & Monitoring - Morristown, NJ

Valley National Bank
$142,900.00 - $255,800.00 / yr
United States, New Jersey, Morristown
Jun 26, 2025
Back Director, Risk Assessment, Testing & Monitoring #25-206 Morristown, New Jersey, United States Apply Apply for this job now! Apply Job Overview At Valley Bank, we believe in people's growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we've been the Bank that clients from every industry turn to for our expertise, strategies, and advice-building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth-with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US. At Valley, we're all driven by an ambition that goes deeper than just having a job. That's why when you work for us, we make it our goal to help you focus on what drives you-working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that's not just reserved for our clients-that includes all our associates as well. The Director Risk Assessments and Monitoring will build and lead core compliance risk oversight , testing and monitoring efforts. This role will be responsible for managing a team of compliance professionals, developing and executing plans, collaborating with stakeholders and ensuring the organization's adherence to regulatory requirements and internal policies. Expected Work Hours 40 Job Description Responsibilities include but are not limited to: Lead and manage the second line of defense risk assessment, testing and monitoring team including and not limited to Regulatory Compliance, Wealth Management Compliance, Financial Crime Compliance, Operational Risk, Third Party Risk, Privacy, amongst other risk areas. Develop, implement, and oversee comprehensive methodology, scoring, risk assessment, feedback loops, remediation, including developing risk-based testing and monitoring plans. This includes developing compliance risk appetite metrics, related key risk indicators to measure risk of non-compliance with relevant laws, regulations, and internal policies. Conduct and supervise regular reviews and assessments of compliance risks, controls and processes. Collaborate with various business and corporate functional units to understand their business areas and risks, document and report issues and recommend corrective actions. Prepare and present detailed reports on second line oversight outcomes to senior management. Provide guidance, training, and mentorship to staff and assist in the development and maintenance of related policies and procedures. Participate in internal and external audits as needed. Requirements Required Skills: Strong knowledge of regulatory requirements and compliance frameworks. Demonstrated experience leading and managing teams. Highly motivated with the ability to multi-task productively and collaboratively with keen attention to detail. Demonstrated experience managing and embracing transformations in a complex organization. Proficiency in compliance management software and tools. Strong interpersonal skills and the ability to build relationships with stakeholders. Excellent organizational skills; ability to manage multiple high priority initiatives at once. Strong PC skills for Microsoft Office -- PowerPoint, Word, Excel, and Outlook, Teams, Sharepoint. Required Experience: Bachelor's degree in Finance, Law, Business Administration, or a related field. Minimum of 7 years of experience in compliance testing and monitoring, preferably in the financial services industry. Preferred Experience: Master's degree Certified Regulatory Compliance Manager (CRCM) from the Institute of Certified Bankers (ICB/ABA), Full-time/Part-time Full-time FLSA Exempt Location(s) Morristown , New Jersey , United States Job Details Pay Range Pay Range The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay. The actual pay rate will depend on the person's qualifications and experience. $142,900.00 - $255,800.00 / year Pay Transparency In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.