Enterprise Risk Testing Officer III

Bank of Hawaii; Honolulu (HI); On-site; USD 90,000 - 130,000; Full time

Job summary

Bank of Hawaii is seeking an experienced professional to plan and perform independent testing of the bank's internal controls. The role involves risk-focused ERT activities, documenting findings, and recommending enhancements to control descriptions and business processes.

The candidate will review RCSAs, NPSIs, and processes, determine scope and sampling, and communicate results to management. Strong collaboration with business units and adherence to banking regulations are essential.

Qualifications

• Bachelor’s degree (or equivalent) is required.
• Minimum 7 years of banking, audit, regulatory compliance and/or risk management experience.
• Proficiency with MS Office and bank systems; strong accounting knowledge and internal control concepts.

Responsibilities

• Plans and performs independent testing of internal controls.
• Proposes revisions to strengthen controls and descriptions.
• Prepares reports and workpapers with clear findings and actions for management.

Skills

Auditing

Analytical thinking

Communication

Risk management

Problem solving

Attention to detail

Education

Bachelor’s degree

Tools

MS Office

Banking systems

Job description

Under the direction of the Manager, this position plans and performs independent testing of the Bank’s system of internal controls, proposes revisions to update and strengthens controls and control descriptions, and makes recommendations to enhance business unit processes.

Responsibilities

• Supports the Bank’s Risk Culture:Supports and promotes a robust enterprise risk management culture, through demonstration of knowledge and experience, skillful and effective communication, and development of strong internal relationships
• Knowledge and Expertise: Has and maintains a strong understanding of all consumer compliance laws and regulations that affect the Bank's operations and keeps abreast of any regulatory changes. Also has and maintains strong knowledge of the Bank's products and services, and policies, procedures, and processes.
• Plans Enterprise Risk Testing (ERT) Reviews: Applies a risk-focused approach in determining the scope, coverage, and frequency of ERT activities. This includes reviewing Risk and Control Self-Assessments (RCSAs), New (or Modified) Product, Service, or Initiatives (NPSIs), process flows, and other risk and control assessments; conducts entrance meetings and walkthroughs with business units; identifies relevant systems, data, reports, and procedures; evaluates prior errors, issues, gaps, and deficiencies; and documents the rationale for any key controls that are scoped out of testing.
• Performs Complex ERT Reviews: Evaluates the design of the Bank’s compliance and operational risk controls to identify any weaknesses or opportunities for enhancement or effectiveness. Conducts testing of complex controls to validate their effectiveness, and to confirm that the Bank has designed and implemented sound operational practices to manage its risks. Applies judgement to select the appropriate testing technique(s), sampling methodology, and sample size. Evaluates test results against established tolerance levels and thresholds to determine the effectiveness of the internal controls.
• Drives Continuous Improvement: Proposes revisions to update and strengthen controls and control descriptions, makes recommendations to enhance business unit processes, and drives continuous improvement in the Bank’s control framework. Identifies and documents issues and proposes or evaluates corrective action plans.
• Prepares Reports and Workpapers: For each review area, prepares reports that clearly identify the scope, findings, any necessary corrective action to be taken by management, and an overall rating or opinion. Ensures that the test results are clearly documented and supported, and that workpapers are written and organized such that a third party can use the documentation to complete the same test and reach the same conclusions.
• Plans and organizes work, manages multiple tasks, sets objectives and goals, and reprioritizes as needed.
• Performs all other miscellaneous responsibilities and duties as assigned.

Qualifications

• Bachelor’s degree from an accredited educational institution or equivalent work experience.
• Minimum 7 years of work experience in banking, audit, regulatory compliance and/or risk management. Process improvement and/or project management experience. Familiarity with monitoring, testing, and risk assessment
• Demonstrated proficiency and expertise with personal computers in a networked environment and Microsoft applications (Outlook, Word, Excel, Access and PowerPoint) or similar software. Knowledge of or ability to use Bank systems and software. Knowledge of current accounting principles and practices, including internal control concepts.
• Strong interpersonal, presentation, written and oral communication skills. Strong attention to detail and analytical skills. Self-starter, able to manage multiple tasks and projects, prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment. Able to identify and define problems; conduct research and analyze information and various situations relating to data management issues. Must be able to recommend and discuss solutions / alternatives to complex compliance issues clearly and concisely with any level of staff. Able to work flexible hours including holidays, weekends and evenings as necessary.

As a Bank of Hawaii employee, you ensure (or assist with ensuring) compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act.

Delivering exceptional customer experiences is at the heart of what we do at Bank of Hawaii. We listen, understand and deliver what our customers need to help them build a better tomorrow.

We are an EEO/AA employer, including disability and veterans. For Bank of Hawaii's full EEO statement, please visit https://www.boh.com/careers.