VP, Markets and Trading Operational Manager

Full Time

International Banking Client

Office Status: Hybrid

Responsibilities:

  • Contributing to the development of the markets and trading operational risk management framework, standards and methodology, and providing updates on a periodic basis in line with the changing risk profile.
  • Provide guidance to first line, second line, and enterprise support units on the effective execution of the Operational Risk framework, including: new activity assessments, operational risk/loss events, scenario analysis, risk and control self-assessments (RCSA), and emerging risk identification.
  • Participating in Review and Challenge to provide ongoing independent SME review and challenge for First Line of Defense (FLOD) markets and trading operational risk activities and compliance with the Markets and Trading Risk Framework and risk policies.
  • Manage Operational Incidents process and report within firm guidelines, inclusive of remediation, tracking and reporting. Work with enterprise personnel to understand the root cause of incidents, to assess incident response and remediation efforts, and manage tracking and reporting. Perform quality review on reported incidents as needed and ensure all required reporting components are effectively captured (i.e. taxonomy, impact type, complete description details, root cause, etc.)
  • Establish the necessary markets and trading framework and standards so that aggregate risks within the company are effectively identified, measured, monitored and controlled consistent with the bank’s risk appetite.
  • Partner with markets and trading businesses and 2LoD partners to incorporate 2LoD assessment(s) into full Operational Risk Framework (i.e. RCSA, Incident Management, KRMs, etc.) order to identify strengths and weaknesses in the overall program to ensure a path of continuous improvement that supports better identification of operational risks and avoidance of errors, fines and losses, etc.
  • Develop tools, processes, and systems to independently identify and assess aggregate markets and trading risks, trends and emerging risks.
  • Manages the development, monitoring, and review of key risk metrics and assists management in the early identification of risk trends
  • Support the design and development of the Bank’s KRM program, ensuring KRMs are correctly calibrated, and relevant. Produce monthly reporting, including relevant commentary and remediation actions. Ensure that ongoing assessment of KRMs is undertaken and annual review requirements are met.
  • Provide aggregate enterprise-wide markets and trading operational risk reporting for management and the applicable risk committees. Ensure material markets and trading operational risks and events are escalated to management and relevant committees.
  • Perform on going monitoring of markets and trading operational key risk metrics.
  • Oversees the production of key reporting activities and drives the execution on monthly and quarterly risk reporting and board reporting packages.
  • Provide ORM coordination with the various legal entities:
  • Serve as an operational risk central point of contact
  • Represent Operational Risk at entity-level operational risk committee
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