Product Risk Specialist

Job Title:

Location:

What you'll do:

• As a Product Risk Specialist, you will support the successful delivery and governance of the Bank’s product portfolio by partnering closely with Product Management and cross-functional teams. You will help translate strategic objectives into executable initiatives, guiding efforts from development through launch while ensuring alignment with business goals, customer needs, and regulatory requirements. In this role, you will facilitate Product and Services Risk Assessments (PSRA) for assigned product groups, including preparing governance materials, tracking evidence, and supporting reporting to First Risk Council. You will also help drive issue resolution and promote consistent enterprise-wide policy adherence and adoption of product governance standards. You will play a key role in establishing and managing KPIs to measure product performance and adoption, providing insights to support decision-making and continuous improvement. Additionally, you will support cross-functional coordination, helping ensure communication, training, and readiness activities are in place to enable successful product launches.

• Assist in defining project scope, goals, and deliverables in collaboration with stakeholders and develop detailed project plans, including timelines, milestones, and resource allocation.
• Drive facilitation of Products and Services Risk Assessments for assigned product groups including the creation of First Risk Council meeting materials, PSRA evidence tracking, and 1LOD Product Risk reporting.
• Assist with product-owned issue management resolution.
• Play a key role in ensuring enterprise-wide policy adherence and monitoring plan.
• Lead KPI creation, tracking, and reporting to measure product performance, adoption, and operational effectiveness.
• Act as a primary point of contact for stakeholders, provide updates, manage expectations, and facilitate communication between cross-functional teams, including operations, marketing, compliance, legal and 2LOD Risk Management.
• Identify potential project risks, develop mitigation strategies, and ensure compliance with regulatory requirements and internal policies.

What you'll need:

• 3+ years of related experience.
• Bachelor's degree in related field required; Masters or MBA in related field preferred.
• Intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
• Intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
• Intermediate knowledge of product development, quality assurance, risk assessment methodologies, and relevant regulations.
• Intermediate knowledge of data analytics to analyze data and identify trends related to product risks.
• Advanced written and verbal communication skills, including the ability to develop executive-level reporting and enterprise communications.

Benefits you’ll love:
We offer all the important things you'd want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

About the company:

Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands — Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank — that remain part of the company’s heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.

Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email [email protected] or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.

Western Alliance Bancorporation