Director – Enterprise Risk Management

About Us

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 100 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 4,000 total listings with a market value of approximately $15 trillion. To learn more, visit: http://www.nasdaq.com

The Team

Group Risk Management (GRM) collaborates with businesses as a trusted advisor, facilitating well-informed decisions that support Nasdaq’s strategic objectives. GRM manages and continues to enhance the Enterprise Risk Management, Internal Control, Business Continuity, Crisis Management, and Corporate Insurance frameworks and programs. These programs facilitate the identification, assessment, monitoring, and treatment and reporting of all types of risks, Nasdaq faces.

The Position

GRM is seeking an ERM Director supporting the Anti-Financial Crime Division’s – Verafin business. The position will report to the GRM Head of Expert Functions and will be leading the Enterprise Risk Management initiatives for the Verafin business. The position will be responsible for assisting in the development and implementation of ERM tools, practices, and policies to analyze and report enterprise risks and specifically lead the efforts for Verafin to implement and mature Nasdaq’s risk management framework, aggregate risk information across all risk types, and report risk to Verafin’s management.

As the ERM Director for Verafin your responsibilities will include:

• Establish effective risk governance including board approved risk policies, risk appetite, and risk committee/forums.
• Work closely with executive management and facilitate the creation and maintain a clearly-articulated Risk Appetite for the business, as appropriate, and, working with the management and the businesses, identify risk tolerances within which to operate.
• Serve as a risk management subject matter expert for the business.
• Build key relationships with business unit and expert function management and serve as a trusted partner to the Verafin management team, contributing to the business unit’s strategic growth initiatives in the context of our risk frameworks.
• Transition Verafin’s risk practices to Nasdaq’s ERM programs including Risk and Control Self Assessments, Incident Reporting, Key Risk Indicators, and Issue & Action Tracking.
• Lead Risk Assessments including Risk and Control Self Assessments (RCSA), Top Risk Assessments, Project Risk Assessments, and New Product Assessments ensuring effective challenge of risk assessments and management of key risks. Ensure consistency of approach.
• Provide objective assurance and advisory to management including identification of significant risks and risk response strategies and actions. Analyze risks and financial implications and work with management to ensure that the level of risk remains within an acceptable level.
• Provide and enhance risk reporting to management and relevant risk forums.
• Ensure compliance with the Nasdaq’s Business Continuity and Crisis Management Policy including the assisting in the development of Business Continuity Plans and facilitating Crisis Management exercises.
• Serve as a risk management subject matter expert for the business and region. Monitor industry trends and changes in the regulatory environment.
• Build key relationships with business unit and support function management and serve as an escalation point for risk issues and support for strategy formulation.
• Work closely with business unit and support functions to implement best practice risk management framework and risk governance that meet the needs of the businesses and expectations of key stakeholders.
• Communicate risk objectives, framework, and policies to internal and external audiences as appropriate.
• Execute risk management training and promote a pro-active risk culture. Provide expertise and guidance on risk management concepts.
• Effectively communicate with the broader global risk team and partner with peers to ensure consistency of approach and awareness of issues, challenges, and opportunities; achieving shared goals and objectives and providing value-add to the organization.
• Pro-actively engage Internal Audit, SOX, Compliance, Information Security, Supplier Risk Management, Business Continuity, and other assurance functions to support an integrated approach to risk management. Share knowledge and expertise to achieve shared goals.

Skills, Requirements, and Competencies

• 10+ years of experience in risk management, compliance, and/or audit in the financial services industry, preferably in capital markets or financial technology.
• Preferred expertise in enterprise risk and operational risk management with familiarity of technology risk management. Experience in implementing and supporting an integrated risk management framework in a complex organization.
• Excellent interpersonal and oral and written communication skills.
• Strong communication, facilitation and influencing skills; able to articulate and communicate complex ideas and concepts in a clear, concise, and structured manner while anticipating questions/objectives.
• Inquisitive nature, resourcefulness, and ability to seek out information.
• High attention to detail and accuracy.
• Strong organizational skills; able to successfully multi-task and prioritize work.
• Ability to cultivate relationships and collaborate with multiple stakeholders, including business leaders, legal, internal audit, and technology.
• Demonstrated ability to develop trusted working relationships at all levels of the organization.
• Generates energy and commitment. Ability to drive results, effect/inspire change, and have a positive impact on the organization.
• Ability to act proactively and work effectively across business units, functions, and regional locations.
• Innovative, strategic thinker who can challenge the status quo through openness and without judgement.
• Ability to lead others to solve complex problems; facilitate working groups to solve issues, mitigate issues and develop solutions; evaluate operational or technological measures to assess risk and effectiveness of programs, processes and/or initiatives.
• Action and results-oriented; ability to drive results, effect change, and have a positive impact on the organization.
• Advanced Microsoft Office skills
• Willingness and ability to travel.
• Ability to deliver as an individual contributor and work within a global team environment.
• Experience in leading multi-disciplinary projects with complexity, driving timely and effective project execution and meeting project objectives.
• Knowledge and experience portraying analytical information in visual ways; synthesizing and analyzing large amounts of data and information to identify risks, patterns, and trends and consider interdependencies and impact of actions.
• Resourceful in analysis and identifying solutions to support decision-making.
• High attention to detail and accuracy.
• Strong organizational skills; able to successfully multi-task and prioritize work.
• Ability to cultivate relationships and collaborate with multiple stakeholders including business leaders, legal, internal audit, and technology.

• Education Required: Degree qualified in relevant discipline or equivalent working experience.
• Experience Required: At least 10 years of experience in relevant discipline.
• Special Qualifications: (to be added by job family)

Come as You Are

Nasdaq is an equal opportunity employer. We welcome applications from candidates of all backgrounds and identities.

We are committed to fostering an inclusive workplace where diverse perspectives, experiences, and identities are valued and celebrated.

We ensure that individuals with disabilities are provided with reasonable accommodation throughout the hiring process.