Operational Risk Officer - Key Investment Services

Profile

Operational Risk Officer - Key Investment Services
The candidate will work directly with the lines of business (LOBs) to identify and assess risks, review and challenge risk assessments, provide input over controls and testing, advise on and monitor remediation activities and create reporting, ensuring line of business alignment within the Operational Risk program and framework. Responsible for primary execution of Operational Risk oversight and helping guide and influence implementation of operational policies and/or procedures to mitigate risk within appetite. Responsible for assisting with the ongoing development and implementation of the Major Line of Business (LOB) Operational Risk teams strategic plan to accomplish its Annual Operational Risk objectives, to include among others: the development and implementation of Operational risk policies and procedures; assessment, monitoring and testing; establishment of line of business accountability and escalation and reporting processes. Responsible for ongoing development and implementation of operational risk management topics, including such things as being the subject matter expert on operational risk activities associated with risks, controls, testing, remediation and reporting. Actively participate in broad risk management oversight of assigned LOB. Provide direction and deliver training to line of business personnel, Risk Management staff and others on Operational Risk best practices and other relevant industry best practices. Monitor and assess new or amended legal and regulatory requirements as they relate to the Retail Broker Dealer. Responsible for review and challenge of LOB policies and procedures to ensure that they are consistent with current applicable rules, regulations, laws and are effective in mitigating related risks. Work with the LOB to ensure the ongoing development and enhancement of risk assessments, testing, monitoring and associated plans. Provide authoritative and consultative advice and support to management utilizing independence yet providing pro-business solutions. Analyze and provide feedback around risks associated with the offering of new and/or enhanced products, services, processes, business initiatives and outsourced third party activities. Responsible for proactively anticipating and responding to changes in regulations, rules and/or laws; assessing the impact of any change to the business areas and assisting them in responding to such changes. Accountable for ensuring that line of business policies and procedures are consistent with current applicable banking and securities rules, regulations, and laws. Respond to internal and external audits, exams and requests for information and provide review & challenge of any line of business responses to internal and external audits. Assist in the evaluation of audit and examination findings and implementation of corrective action and needed responses. Assist in the response to ongoing regulatory and legal inquiries and investigations. Develop and maintain positive working relationships with internal clients, staff, peers, other risk partners, and LOB senior management. Maintain relationships with industry peers and regulatory bodies. Escalate promptly to appropriate senior management or appropriate risk committee any material breaches of applicable laws, rules, policies or standards with actual or potential operational risk impact, and necessary correction action. Act as Operational Risk Subject Matter Expert on any assigned Subcommittees and/or Working Groups. Provide leadership and/or support on special projects, as assigned. Proactively works with assigned business unit management to identify and assess the operational risks associated with business activities, ensuring alignment with the Corporate Operational Risk Framework, including Advising LOBs on operational risks and controls and key risk indicators. Advising LOBs on operational risks related to new products and/or services and business initiatives. Advising LOBs on operational risks related to outsourced third party activities. Providing reporting to executives LOB partners on a periodic basis. Conduct review and challenge activities and escalation, including independent testing as required. Manage 2nd LOD requirements related to the Governance, Risk & Compliance application and Risk Assessment Processes. Other duties as assigned.

Company info

Sign Up Now - EmploymentCrossing.com