Risk Officer (Operational) - Ford Credit Bank

Ford • Salt Lake City, UT

5d

About The Position

Operational Risk Management Framework: Assist in the development, implementation, and maintenance of the bank's operational risk management framework, aligning with regulatory requirements and industry best practices. Contribute to the development and maintenance of operational risk policies, procedures, and standards. Promote awareness of operational risk management throughout the organization. Support the ongoing review and enhancement of the operational risk management framework. Work with departments to identify and assess operational risks, including risks related to processes, systems, people, and external events. Facilitate risk workshops and other forums to gather information on operational risks. Assist in the development and execution of control monitoring and testing programs to assess the effectiveness of operational risk controls. Provide guidance to business units on control design and implementation. Investigate significant operational loss events to determine root causes and contributing factors. Develop and implement corrective actions to prevent future loss events. Assist in the development and execution of scenario analysis exercises to assess the potential impact of operational risks. Facilitate scenario workshops with business units to identify potential loss events and assess their impact. Assist in ensuring compliance with all applicable operational risk regulations and guidance. Support the preparation of regulatory reports related to operational risk. Participate in regulatory examinations and internal audits related to operational risk. Stay abreast of changes in operational risk regulations and industry best practices. Prepare and present reports on operational risk exposures, performance, and compliance to management. Provide training and education on operational risk management to bank staff. Participate in risk management committees and working groups. Participate in the review of new products and services to identify potential operational risks. Ensure that new products and services are implemented in a manner that mitigates operational risks. Established and active employee resource groups

Requirements

• Bachelor's degree in Business Administration, Finance, Accounting, or a related field.
• years of experience in operational risk management, internal audit, compliance, or a related field within a banking or financial services environment.
• Solid understanding of operational risk management principles, banking regulations, and internal control frameworks.
• Experience with risk assessments, control testing, and loss data analysis.
• Strong analytical, problem-solving, and decision-making skills.
• Excellent communication, interpersonal, and presentation skills.
• Proficiency in Microsoft Office Suite.

Nice To Haves

• Relevant certifications (e.g., CROA, FRM, CIA) are a plus.

Responsibilities

• Assist in the development, implementation, and maintenance of the bank's operational risk management framework
• Contribute to the development and maintenance of operational risk policies, procedures, and standards
• Promote awareness of operational risk management throughout the organization
• Support the ongoing review and enhancement of the operational risk management framework
• Work with departments to identify and assess operational risks
• Facilitate risk workshops and other forums to gather information on operational risks
• Assist in the development and execution of control monitoring and testing programs
• Provide guidance to business units on control design and implementation
• Investigate significant operational loss events to determine root causes and contributing factors
• Develop and implement corrective actions to prevent future loss events
• Assist in the development and execution of scenario analysis exercises
• Facilitate scenario workshops with business units to identify potential loss events and assess their impact
• Assist in ensuring compliance with all applicable operational risk regulations and guidance
• Support the preparation of regulatory reports related to operational risk
• Participate in regulatory examinations and internal audits related to operational risk
• Stay abreast of changes in operational risk regulations and industry best practices
• Prepare and present reports on operational risk exposures, performance, and compliance to management
• Provide training and education on operational risk management to bank staff
• Participate in risk management committees and working groups
• Participate in the review of new products and services to identify potential operational risks
• Ensure that new products and services are implemented in a manner that mitigates operational risks

What This Job Offers

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