VP, Operational Risk

Office Status: Hybrid

Salary: $123,000 – $166,000

Responsibilities:

• Serve as a subject matter expert and a central point of contact to the assigned assessment areas with regards to all Operational Risk matters
• Oversee implementation of Risk and Control Self-Assessment (RCSA), Key Risk Indicators (KRIs), Loss Data Collection, Control Testing, Issues Management, and other programs that are under the purview of Operational Risk team
• Participate in New Product Assessment process and any other risk management activities/programs
• Obtain detailed understanding of all relevant policies and procedures and ensure assessment area alignment
• Support the department in developing reporting for internal use and governance committees on both a regular and ad hoc basis
• Regularly provide review and challenge on risks, KRIs, loss events, and other matters
• Work with internal partners to define and monitor Key Risk Indicators (KRIs) for assigned assessment areas
• Escalates control weaknesses, metrics breaches and incidents related to IT, data management, cybersecurity, and operational resiliency to management, as appropriate
• Understands the impact of IT, data management, cybersecurity, and operational resiliency risk across the business, group companies, and functions bank-wide
• Understands changes related to regulatory, new product/initiative, processes, controls, events, issues, etc., in the IT, data management, cybersecurity, and operational resiliency risk domains that may impact the operational risk profile of the bank
• Assist with special projects, when necessary, intended to enhance the Operational Risk Management Framework