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AVP, Operational Risk

  • New York, NY
  • Full Time

Apply for the AVP, Operational Risk position

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Office Status: Hybrid
Salary: $135,000 – $160,000

Responsibilities:

  • Support refinements of ORM and ERM framework by educating and engaging with stakeholders to implement the framework.
  • Assist Risk & Compliance subject matter experts/stakeholders with capture and documentation of risk events and/or issues while ensuring they are documented as per Risk Framework and providing robust 2nd Line of Defense review and challenge across the Risk Taxonomy in all components of the ORM Framework.
  • Work with Risk & Compliance stakeholders to facilitate the completion of business risk-self assessments and targeted operational risk assessments.
  • Support Risk & Compliance stakeholders by ensuring risk and control inventory is articulated in accordance with Risk Framework.
  • Execute/document Design and Operating Effectiveness testing of Risk & Compliance key controls.
  • Perform root cause analyses of identified risk events to recommend improvements to prevent risk events from reoccurring in future.
  • Analyze and identify trends in the Key Risk Indicators, Incidents and Issues Management reported to Risk Management.
  • Facilitate identification and articulation of Issues and related Corrective Action Plans and review and challenge the quality and completeness of evidence submitted by Risk & Compliance stakeholders to address/close an issue or Action Plan.
  • Work with Risk & Compliance stakeholders to address Quality Assurance (“QA”) fails for risks, controls and issues – advising how to address the failures so Risk Management Framework is adhered to and supporting that documentation.
  • Driving and instilling a good Risk Culture with stakeholders.
  • Actively participating in relevant governance fora (i.e., the Operational Risk Council)
  • Manage stakeholders at all levels of the corporation.