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Director, Enterprise Risk Management

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Job Details
Job Order Number
Company Name
Sallie Mae
Physical Address

Continental, DE
Job Description

Director, Enterprise Risk Management

Newark – Continental, DE

Who we are:

Sallie Mae is proud to help Americans aspiring to create the life they want-whether that means helping them make college happen, or something more. Our colleagues across departments and across the country are united in our passion and our customer-first approach. Whether you want to join a growing company, be part of an agile workforce, or gain new skills-you’re in the right place.

What You’ll Contribute:

The Director – Enterprise Risk is a member of the Enterprise Risk team

reporting to the Vice President of Enterprise & Operational Risk. The

Director will be responsible for supporting, the development, maintenance

and enhancement of the Enterprise Risk Management Framework (ERM), the ERM

narrative, Emerging Risk, the Risk Appetite Statements, the Risk Profile

Report and related deliverables. In doing so, the Director will be required

to form an enterprise perspective on the holistic integration of the ERM

Framework and other control functions including Internal Audit and

Compliance. The Director may take on additional responsibilities at the

direction of the Vice President pertaining to Enterprise Risk including

liquidity and asset & liability management.

What You’ll Do:

• Support the VP of Enterprise & Operational Risk for ensuring the

effectiveness of the Enterprise Risk Management and Risk Appetite


• Develop and maintain the ERM narrative and all ERM presentations. Support

the built out of the Emerging Risk program

• Prepare the quarterly Risk Profile Report for the Enterprise Risk

Committee and the Board of Directors. As well as, ensure an effective

design, including QA and automation, and the ongoing execution of

consolidated risk reporting for the Enterprise Risk Committee and the Risk

Committee of the Board of Directors.

• Support the development and ongoing maintenance of policies, procedures,

tools and methodologies related to Enterprise Risk Management, as well as,

risk integration and consolidation.

• Provide ad hoc research and project support.

Required Qualifications:

What You Bring:

• At least 7+ years of progressive experience in enterprise risk management

experience. Additional experience in liquidity, market and ALM risk

management preferred;

• Bachelor’s degree in a related field such as Finance, Economics, Business

Administration and relevant certifications (e.g. CFA, FRM) that show an

ongoing willingness and ability to expand knowledge and expertise;

• Deep understanding of modern risk management methodologies, tools and

approaches including economic capital, stress testing, capital adequacy

assessments for different risk categories;

• Ability to understand complex business processes and develop or advice on

effective risk management and monitoring programs;

• Ability to perform research regarding unfamiliar topics;

• Extensive experience in development and maintenance of risk management

policies, procedures and risk assessment processes to enable providing

actionable insights related to the effectiveness of the current enterprise

risk framework;

• Strong knowledge of the external regulatory environment and the

particular requirements for operating as a regulated banking entity;

• Ability to develop and maintain effective partnerships with internal and

external business contacts

• Demonstrated ability and willingness to challenge and influence business

and risk partners;

• Excellent oral and written communications skills with the ability to

present complex data in a clear, concise, user-friendly format to all

levels of audience;

• Proficient in Microsoft applications.

What You’ll Get at Sallie Mae:

+ Comprehensive Compensation and Healthcare Benefits (Medical, Dental, Vision plans)

+ Financial Well-being : 401(k) company match, employee stock purchase plan, and basic life insurance and short-term disability are provided to employees at no cost

+ Work/Life Balance : Paid time off, time off to volunteer, and tuition reimbursement. In addition, after 6 months of employment, primary caregivers receive 12 weeks of 100% fully paid time off and secondary caregivers are eligible for 4 weeks of 100% fully paid time off, for birth or adoption

+ Wellness : Fitness centers/gym subsidies, free Fitbits with step challenges, and wellness education

REQ ID: 546

Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law. If you’d like more information about your EEO rights as an applicant, please click here. EEO is the Law Supplement. Click here to view the U.S. Pay Transparency Policy.

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