Director, Front Line Controls Officer-Ametros at Ametros in Stamford, Connecticut

Job Description:

Description


Ametros is changing the way individuals navigate healthcare by providing them with the tools and support necessary to make educated decisions on how to spend their medical funds. Ametros's team works closely with patients, insurers, employers, attorneys, brokers, medical providers, and Medicare to create a seamless experience for our clients. Our flagship product is revolutionizing the way funds from insurance claim settlements are administered after settlement. Ametros continues to innovate, bringing new solutions to the market with the goal of simplifying healthcare for our clients. We make managing medical funds safe, effortless, and cost effective for everyone.


Position Summary


Front Line Controls Officer & Risk Management Professional to serve Ametros on providing oversight and guidance and execution of risk management tools and techniques. The Director in the first line of defense (1LOD) Ametros reports to the Managing Director (MD) of Consumer Bank and Ametros. This role will be the primary point-of-contact for the oversight of compliance and risk related matters for multiple business units within Webster Bank. As the primary point-of-contact, this colleague is expected to partner with the First Line Unit Business Executive (FLU) and designees to lead and review risk & control self-assessments, risk events, risk metrics, issues (also known as control gap identification and mitigation), losses, and new activities. The Director helps to drive a control-oriented culture across the line of business through their collaboration and partnership with colleagues in each of the lines of defense and with the second line and third lines of defense.


Key Responsibilities

• Serve as dedicated subject matter expert for assigned Front Line Units (FLU). Support the Managing Director and acts as the primary point-of-contact for compliance and risk related matters for multiple business units of Ametros.


• Lead the FLU and designees through and manage the risk & control self-assessment process.


• The Director will analyze results, identify control weaknesses/gaps, and suggest actions to mitigate risk and will liaise directly with ORM on effective challenges.


• Lead and assist FLUs with the development and maintenance of primary and secondary risk metrics to monitor the risk profile of the respective FLU(s); Prepare, test, and distribute risk metric reporting on at least a quarterly basis.


• Lead and assist business units with the identification, analysis and future mitigation of risk issues and events that may have resulted in a loss or gap in process.


• Analyze operational loss reporting to identify themes, trends, and/or patterns. Encourage first line self-identification of control gaps.


• Partner with 2LOD to develop action plans to resolve the control gaps.


• Monitor new activity (also known as new products and/or services) initiatives and provide appropriate review, assessment, and challenge.


• Develop, maintain, and refresh internal risk management procedures, policies, and processes. Manage assigned business unit(s)/lines of business(es) 3PRM, ISRA activities as required.


• Develop and submit risk updates and reminders for assigned business unit(s)/lines of business(es) Responsible for regulatory exam preparation/coordination for the assigned FLU(s) Collaborate with FLUs, FLCOs and 2LOD/3LOD partners across the organization to promote a controls-oriented culture.


• Able to work on multiple projects/initiatives concurrently (e.g., committees, projects, risk reporting) to be able to understand the team's strategic objectives and decision making for execution.


• Understand medical payments and banking regulations, supervisory expectations, and industry trends for large financial institutions, as it relates to compliance and risk management.


• Direct and manage ad-hoc projects and/or initiatives.


• Drive and champion heightened standards initiatives as it relates to Ametros.

Requirements

• Bachelor's degree in related field, or equivalent experience, required


• At least 5 years of Risk or Audit related experience in financial institutions and/or medical payments.


• At least 8 years of experience within the financial and/or medical payments industry


• CRCM designation desired, but not required


• Must work well independently and in a team environment


• Comfortable with emerging technology


• Advanced Microsoft Office skills; Excel especially


• Working knowledge of How2Work, Salesforce, ServiceNow, and Logic Manager


• Broad knowledge of compliance and operational risk, regulatory expectations, and bank best practices


• Excellent analytical, communication, project management, and time management skills


• Ability to manage change and effectively influence and consistently build strong lasting working relationships with stakeholders across all levels.

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The estimated salary range for this position is $135,000.00 to $165,000.00. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.


In addition to our benefits package, employees have the opportunity to get involved with engagement, diversity, and philanthropic initiatives from their first day working with us to help us achieve our goal of Limitless Inclusion for All. As Ametros Citizens, we work together to foster an environment of limitless inclusion and belonging that encourages, supports, and celebrates the diverse voices and backgrounds of our people, while energizing the passion and innovations to revolutionize our industry.


Ametros is an Equal Opportunity Employer Apply Now