About the position
The Sr. Associate, Operational Risk is responsible for the strategic development, implementation, and effective execution of the Operational Risk (OR) program, the key program elements of which cover: 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. 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. 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 and business processes.
Responsibilities
- Strategic development and implementation of the Operational Risk program.
- Analyze and measure performance, monitor trends, and define limits for Corporate Banking Op Risk exposures.
- Assist in the oversight of Corporate Banking Operational Risk Framework.
- Contribute to escalation, reporting, and communication to Risk Governance Forums.
- Drive culture of risk awareness within the organization.
- Participate in the creation and delivery of tailored OR training.
- Support the management and development of OR program strategy and policies.
- Ensure adherence to established policies and procedures.
- Manage policy definitions and monitor implementation for consistency.
- Monitor and manage risk/exposure and compliance with company policies.
- Identify and report on the company's risk areas.
- Evaluate the adequacy and effectiveness of data and business processes.
Requirements
- Bachelor's Degree in Business, Finance, Management, or equivalent field.
- 9+ years in Risk Management in the Financial Services industry.
- Strong knowledge of workflow/processes and risks/controls.
- Advanced operational risk management principles and methodologies.
- Ability to operate independently in a complex, matrixed environment.
- Strong skills in operational risk, process, and control validation.
- Ability to direct, train, and guide peers and management.
- Conflict resolution skills to ensure appropriate accounting guidance.
- Ability to adapt to new developments and changing circumstances.
- Strong interpersonal skills to interact with market and executive management.
Benefits
- Salary range: $93,750 - $165,000/year
- Equal opportunity employer with a commitment to diversity.
