In my mind the role of an internal auditor and risk manager are very different. I think the OCC views them differently as well. If they want you to be an internal auditor, have them give you that title and send you to school to become certified. The ICBA has a great one. The IIA's CIA exam is also a good choice, just not banking specific.
I'd want to know EXACTLY what Im in charge of and get it in writing ASAP. My title is technically Risk Management Officer...here's the bulk of the job description:
The Risk Management Officer (RMO) is accountable for enabling efficient and effective governance of significant risks and related opportunities to (the Bank). The RMO is a member of the senior management team and works with leaders within the Bank to identify risk issues and develop appropriate responses. This position is expected to establish effective working relationships with all levels of bank personnel.
A priority for the RMO is to ensure an ongoing program to mitigate compliance risk is in place. It is the desire and intent of the Bank to comply with all applicable laws, rules and regulations and to adhere to appropriate standards of ethical behavior. The RMO will supervise the Bank’s Compliance Officer who coordinates the overall Compliance Management program for the Bank as described in the Compliance Policy. The RMO will supervise the Bank’s BSA/Security Officer who coordinates the overall BSA/AML and Security Management program for the Bank as described in the BSA Policy.
The RMO is responsible for planning, organizing, directing and controlling the audit function for the Bank. This process may be conducted in conjunction with a CPA firm or Bank staff. As described in the Internal Audit Policy, the prime objective of the audit department is to examine and evaluate whether the Bank’s framework of risk management, control, and governance processes is adequate and functioning properly. The RMO will facilitate the engagement of the CPA firm performing the annual external audit.
Additional risk Management duties for the RMO include working closely with Bank management to coordinate the Banks risk assessment of all new and or expanded products and services as required by the OCC. The RMO also coordinates the banks Vendor Review process, working closely with Bank Management for the Annual Third Party Vendor review as well as performing a risk assessment on all new vendors.
_________________________
I don't need any more negativity in my life...be positive and helpful people or I will kick you in the shins!!!