About the position
The Operational Risk Senior Associate for Governance & Reporting executes monthly end-to-end governance process including creating/maintaining schedule of required committee submissions, tracking timely receipt to meet deadlines, reviewing submissions and providing feedback to varying levels of management, aggregating materials and facilitating review meetings with executive management. Responsible for the strategic development, implementation, and effective execution of the Operational Risk (OR) program, the key program elements which can include, but are not limited to: internal loss, external loss, risk assessment, business impact assessments, KRIs, scenario analysis / stress testing, training, awareness, and communication, issues and remediation planning, tracking, MIS and reporting, testing, compliance, and monitoring. Ensures adherence to the policies and procedures established by the company. Manages policy, standard definition and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies. Monitors and manages risk/exposure and compliance with the company's policies. Identifies, manages and reports on the company's risk areas. Evaluates the adequacy and effectiveness of data, document retention, and monitors systems. Analyzes, measures performance, monitors trends, defines limits according for Corporate Banking Op Risk exposures in accordance to Risk Appetite. Assist in the ongoing oversight of Corporate Banking Operational Risk (OR) Framework in support of the first line of defense. Contributes to escalation, reporting, communication to Risk Governance Forums. Helps drive culture of risk awareness. Participates in the creation and delivery of OR business-tailored training. Supports the creation, management and development of OR program strategy, policies and models within the Corporate Banking Business.
Responsibilities
- Execute monthly end-to-end governance process including creating/maintaining schedule of required committee submissions.
- Track timely receipt to meet deadlines.
- Review submissions and provide feedback to varying levels of management.
- Aggregate materials and facilitate review meetings with executive management.
- Strategically develop, implement, and effectively execute the Operational Risk (OR) program.
- Ensure adherence to the policies and procedures established by the company.
- Manage policy, standard definition and monitoring of policy, standard implementation.
- Monitor and manage risk/exposure and compliance with the company's policies.
- Identify, manage and report on the company's risk areas.
- Evaluate the adequacy and effectiveness of data, document retention, and monitor systems.
- Analyze, measure performance, monitor trends, define limits for Corporate Banking Op Risk exposures.
- Assist in the ongoing oversight of Corporate Banking Operational Risk (OR) Framework.
- Contribute to escalation, reporting, communication to Risk Governance Forums.
- Drive culture of risk awareness.
- Participate in the creation and delivery of OR business-tailored training.
- Support the creation, management and development of OR program strategy, policies and models.
Requirements
- Bachelor's Degree in Business, Finance, Management, or equivalent field or equivalent work experience.
- 9+ years in Risk Management in the Financial Services industry.
- Advanced PowerPoint and strong organizational skills; detail oriented.
- Strong operational risk management principles, methodologies and tools.
- Knowledge of workflow/processes and risks/controls in financial services.
- Ability to independently operate in a complex, matrixed environment.
- Advanced operational risk, process, and control validation and/or assessment skills.
- Ability to direct, train and guide peers, subordinates and management.
- Ability to handle conflict resolution with other groups.
- Ability to convey a sense of urgency and drive issues/projects to closure.
- Ability to effectively interact with the market, executive management and vendors.
- Ability to adapt and adjust to multiple demands and competing priorities.
Benefits
- Salary: $93,750 - $165,000/year
