AVP / VP, Operational Risk

Full Time

International Banking Client

Office Status: Hybrid

Salary: $105,000 – $160,000

Responsibilities:

  • Drive a consistent approach to identify, assess, manage and report operational risk events, assessment issues and key risk indicators moving from a qualitative to a quantitative risk management model
  • Assist with implementation of Risk Control Self-Assessment program and review results conducted by the 1st line to assess whether the proper risks are identified and to verify the effectiveness of the control environment
  • Assist in the deployment of Archer as the enterprise Governance Risk & Compliance (GRC) ORM solution
  • Implement operational risk reporting solutions that are relevant, impactful, timely and user friendly; automated where possible
  • Develop risk analytic capabilities to track risk trends and identify emerging risks in the environment
  • Aggregate Non-Financial Risk Committee (NFRC) materials and take minutes
  • Conduct deep dives/risk assessments/gap analyses and document findings
  • Prepare presentation materials for client leadership, business partners and regulators
  • Partner with Key Risk Officers monitoring the various operational risk stripes to provide oversight and credible challenge of the 1st line control environment
  • Collaborate with the business to develop Key Risk and Key Performance Indicators covering the non-financial key risk domains defined in the ORM framework
  • Track remediation plans on material risk events and issues to ensure control gaps are closed
  • Maintain non-financial key risk management policies and standards
  • Gain a deep understanding of the business’ needs and identify opportunities to strengthen the control environment
  • Raise awareness in the business lines of the importance of strong risk management practices and the need for effective controls
  • Balance operational risk requirements with the need for efficient business operations
  • Remain current with industry operational risk trends and regulatory areas of focus
  • Contribute to and participate on various operational risk governance forums
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