Risk - Dallas - Vice President, Operational Risk - 9604508
About The Position
Oversee operational risk framework within the second line of defence working closely with the first line whilst providing robust and independent challenge. Work with 1st line process owners to develop day to day risk management metrics which quantify the division’s exposure to various types of operational risk; review aggregated results and month over month results to identify trends and thematic areas for review and deep dives. Contribute to the advancement of operational risk methods and practices and the operational risk management framework. Review and evaluate new business initiatives and firm acquisitions to identify changes to the operational risk profile of the division and ensure proper controls are in place. Manage the Dallas AWM team, strengthen local capability, and liaise closely with the London lead and the global AWM lead to help define strategic investments and uplifts. Build strong relationships with senior stakeholders across the firm to support facilitation of the above.
Requirements
- Master’s degree (U.S. or foreign equivalent) in Finance, Economics, Business Administration, Accounting, or related field and three (3) years of experience in the job offered or in a related role OR Bachelor’s degree (U.S. or foreign equivalent) in Finance, Economics, Business Administration, Accounting, or related field and five (5) years of experience in the job offered or in a related role.
- Prior experience must include three (3) years with Master’s degree or five (5) years with Bachelor’s degree with the following:
- developing and deploying an operational risk framework
- conducting trigger assessments to ensure the risk and control self-assessment (RCSA) and tail scenarios remain accurately assessed and current
- performing scenario analysis by working with stakeholders to develop and quantify scenarios measuring tail risks used for stress testing and capital calculations
- facilitating risk event management framework and data collection, including the detailed reviews of significant operational risk events to ensure appropriate remediation plans are implemented on-time, and identification of trends to identify significant or emerging risks
- facilitating challenge of 1st line RCSA and Control Assessment ratings to ensure appropriate measurement approach and rationale has been employed
Responsibilities
- Oversee operational risk framework within the second line of defence
- Provide robust and independent challenge to the first line
- Work with 1st line process owners to develop day to day risk management metrics
- Quantify the division’s exposure to various types of operational risk
- Review aggregated results and month over month results to identify trends and thematic areas for review and deep dives
- Contribute to the advancement of operational risk methods and practices and the operational risk management framework
- Review and evaluate new business initiatives and firm acquisitions to identify changes to the operational risk profile of the division
- Ensure proper controls are in place for new business initiatives and firm acquisitions
- Manage the Dallas AWM team
- Strengthen local capability
- Liaise closely with the London lead and the global AWM lead to help define strategic investments and uplifts
- Build strong relationships with senior stakeholders across the firm
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What This Job Offers
Job Type
Full-time
Career Level
Manager
