Responsibilities
The Operational Risk Manager drives and supports the Operational Risk Management framework, to enable the Bank to effectively identify, monitor, measure, and control its operational risk profile. This role will be a part of the Enterprise Risk Management function. As an individual contributor, this role will lead all aspects of the governance of the operational risk management program and provide senior management with data driven reporting, analytics and insights to deliver a sustainable risk remediation and management and support strategic planning and decision making.
- Assist with the development, implementation, and maintenance of a comprehensive second line Operational Risk Management Program including policy, standards, procedures, and tools in alignment with the Enterprise Risk Management framework
- Implementation and the execution of the enterprise wide Risk And Control Self Assessments (7RCSA8) and the annual Enterprise Risk Assessment from a second line oversight perspective, and an ongoing maturation of the programs
- Work with the business lines to identifying risks and controls based on the Banks risk taxonomy
- Responsible for maintaining the Banks risk and control inventory
- Partner with business units to enhance risk identification and mitigation strategies
- Design and implement a risk-based testing program to assess the effectiveness of internal controls
- Perform periodic testing of key operational controls to verify their design and effectiveness
- Document findings and collaborate with control owners to implement improvements
- Develop and monitor operational risk Key Risk Indicators (KRIs), loss events, and other data to detect emerging risks and trends
- Prepare regular reports to senior management on operational risk exposures, trends, and key initiatives
- Assist in producing and consolidating management and board committee reporting materials
- Maintain accurate and up-to-date risk data in the organizations risk management system
- Promote a culture of risk awareness by conducting training sessions on operational risk framework elements
- Stay abreast of the industry and regulatory developments and emerging risks and trends to ensure the effectiveness and the relevance of the operational risk management program
- Any other responsibilities as assigned related to risk management
Qualifications
Requirements:
- Bachelors Degree in Arts/Sciences (BA/BS) Finance, Business, Risk Management, or a related field
- 10 years of experience in operational risk, internal audit, or control testing within banking or financial services.
- In-depth understanding of the operational risk management principles, frameworks, and methodologies within the financial services industries, including the knowledge of regulatory requirements and industry, best practices
- Ability to analyze data, identify trends, and assess risks in operational processes and systems in partnership with the first line
- Strong, verbal and written communication skills
- Ability to work collaboratively with stakeholders and attain agreement across all three lines of defense
- Being meticulous and thorough in assessing risks, evaluating controls, and monitoring risk mitigation and performance measures in the second line capacity
- Advanced Excel, Access, or other data-mining tools experience
- Critical thinking skills
- Process-oriented
Preferences:
- Masters degree in Arts/Sciences (MA/MS) in a related field
Dont meet all the requirements? We encourage you to still apply if you think you are the right person to join our community. We are always interested connecting with people inspired by our mission and values. If you arent hired for this position, your resume will remain available for the next year and might be considered for future openings. Note: You can update your resume as often as needed.
