Associate Principal, Operational Risk Management

The OCC • Chicago, IL

8d • Hybrid

About The Position

The Operational Risk Management and Controls (“ORMC”) department identifies, measures, monitors and reports risks and exposures across the organization through the Enterprise Risk Management Framework, and specifically through several risk programs, including but not limited to: Risk Identification and Measurement, Risk Lifecycle Management, Enterprise Risk Assessments, Risk Monitoring, Risk Treatment, Scenario Analysis, Key Risk Indicators and Risk Reporting/Governance. The position will provide critical support to the team focused on Business Operations, Corporate Functions and Financial risks by assisting with risk assessments and applying aspects of the risk management framework across the process, risk, and control universe. Additionally, the role will help with the risk assessment program activities, coordinate with other control functions, and facilitate appropriate business unit risk governance to ensure alignment to OCC strategy and short-term objectives. Collaborate with Compliance, eGRC, and Internal Audit to ensure that ORMC contributes to enhancing overall risk management across the organization. Assist with OCC’s risk identification and assessment process as well as verify the consistency and reliability for the associated frameworks and systems. Adherence to methodologies, guidance, and standards applicable to risk identification and assessment frameworks Maintain risk inventories, taxonomies, and other elements supporting risk identification and assessment. Help execute the risk assessment process, while aligning to the risk and control universe, and regulatory requirements and expectations Generate reports of Archer data for various stakeholders, including regulators. Communicate results of risk assessments to governance committees, business owners and various levels of leadership. Collaborate on the enhancement and maintenance of ORMC program methodologies, policies, procedures, and job aides, including the development of new program activities. Track and update ORMC team internal findings, external exam issues, and business area self-identified issues resulting from Enterprise Risk Assessments

Requirements

• Basic understanding of Operational risk, Business Operations risk, and Corporate Functions risk.
• Ability to act as a trusted advisor and provide effective challenge.
• Creative, independent thinker, with a willingness to develop and drive new ideas.
• Excellent written, verbal and presentation skills.
• Must be team-oriented and be able to collaborate effectively in department and cross-departmental efforts.
• Ability to work under pressure and with tight deadlines.
• Familiarity with Financial Market Utilities; securities and derivatives markets a plus.
• Ability to work in a highly regulated environment, including with the SEC, CFTC, and Federal Reserve; Familiarity with the Covered Clearing Agency regulations a plus.
• 1-3 years’ experience in enterprise risk, operational risk management or risk consultancy.
• Microsoft Office proficiency including advanced Excel, PowerPoint, and Word.
• Experience with eGRC systems (e.g., Archer).

Nice To Haves

• Technical or Security certification preferred.

Responsibilities

• Assist with risk assessments and applying aspects of the risk management framework across the process, risk, and control universe.
• Help with the risk assessment program activities.
• Coordinate with other control functions.
• Facilitate appropriate business unit risk governance to ensure alignment to OCC strategy and short-term objectives.
• Collaborate with Compliance, eGRC, and Internal Audit to ensure that ORMC contributes to enhancing overall risk management across the organization.
• Assist with OCC’s risk identification and assessment process as well as verify the consistency and reliability for the associated frameworks and systems.
• Adherence to methodologies, guidance, and standards applicable to risk identification and assessment frameworks.
• Maintain risk inventories, taxonomies, and other elements supporting risk identification and assessment.
• Help execute the risk assessment process, while aligning to the risk and control universe, and regulatory requirements and expectations.
• Generate reports of Archer data for various stakeholders, including regulators.
• Communicate results of risk assessments to governance committees, business owners and various levels of leadership.
• Collaborate on the enhancement and maintenance of ORMC program methodologies, policies, procedures, and job aides, including the development of new program activities.
• Track and update ORMC team internal findings, external exam issues, and business area self-identified issues resulting from Enterprise Risk Assessments.

Benefits

• A hybrid work environment, up to 2 days per week of remote work
• Tuition Reimbursement to support your continued education
• Student Loan Repayment Assistance
• Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely
• Generous PTO and Parental leave
• 401k Employer Match
• Competitive health benefits including medical, dental and vision

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level