Senior Officer - Operational Risk

National Bank of Kuwait • New York, NY

5h

About The Position

Contribute to the efficient and accurate processing of Operation Risk activities, including handling of all Investigation/Compensation inquiries, daily Bank Nostro Reconcilements and operational risk and controls and bank compliance.

Requirements

• 3-5 years of experience in risk management and administration
• BA/BS degree
• Hands-on knowledge of Investigations/Compensation, Nostro Reconcilementand other Middle Office processing and procedures
• Fully versed in BAFT/IFSA Compensation rules and regulations
• 3+ years’ experience in Investigations/Compensation and Reconcilements
• Knowledge of Equation, eGifts, Swift and Fedwire transaction processingstructures, ICSWEB, WIT$WEB, Excel and Word
• Knowledge of Operational Risk and BSA/AML compliance
• Self motivator and team player with strong interpersonal skillsPrior Bankingknowledge of Investigations/Compensation, Reconciliation & Middle Officeprocesses and procedures
• Ability to escalate and resolve problems quickly

Responsibilities

• Investigate and resolve USD and FX transactions inquiries, return of funds andreconciliation exceptions accurately escalating non-routine cases to management
• Track and resolve all cases which migrate to the Compensation phase inaccordance with BAFT-IFSA compensation rules where settlement is either duefrom or due to NK NY, escalating non-routine cases to management
• Responsible for accurate and timely monthly reporting for the department
• Responsible for the accurate and timely month end reconciliation of alldepartment related accounts (Comp, OFAC, etc.)
• Perform and review with management the daily bank reconciliations and distributethe daily report to all concerned parties
• Identify if an investigation case needs to be generated in conjunction withreconciliation exceptions
• Prepare entries and resolve reconciliation exceptions where applicable
• Limit monitoring and maintenance for CRM Equation limit systems
• Daily review of Customer Overdraft Report and exception investigation, approvaland reporting
• Backup for Account Opening
• Client Audit Confirmations
• Periodic review and vault cash reconcilement
• Support vendor management program
• Support Incident Report review and recording
• Support KRI updates and monitoring
• Support Risk Control Self Assessment update and monitoring
• Support updates of policies and procedures as well as Committee’sTerms ofReference

What This Job Offers

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