Responsible for assisting in the evaluation of the effectiveness of the Operational Risk Program within a large or complex sub-LOB. Responsible for execution of one or more of the following: Complete Op Risk Assessments. Challenge and advise on LOB/ECF/Region Op Risk KRI's. Challenge LOB/ECF/Region Risk and Controls Self Assessments. Review Operational Losses for issues. Participate in Scenario Analysis and monitor gap closure. Assess effectiveness of LOB/ECF/Region Governance. Monitor levers affecting op risk capital. Identification and escalation of emerging operational risks. Participate & challenge within LOB/ECF/Region Risk/Control committees. Monitor Business/ECF adherence to Enterprise Data Management Policy and Standards for Operational Risk Key Business Elements operational risk policies and standards. Execute or leverage the Validated Reliance Model. Act as the ambassador of the risk culture to LOB/ECF/Region. Develop and direct staff. May direct staff. Incumbents typically have over 5+ years of risk management and LOB/ECF/Region experience.
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Responsibilities:
• Lead operational risk assessments and deep-dives around areas of concern, heighten or emerging risks.
• Share relevant lessons learned on issues/risks raised in other Global Markets businesses (internal or external).
• Review and analysis over operational events to determine themes, trends, and root causes. Monitoring the status of mitigation plans to ensure appropriate actions are taken to reduce likelihood of reoccurence.
• Perform due diligenece in support of operational risk’s approval for new products ensuring responsible business growth.
• Participating in business, risk and control committees/forums assisting senior leaders in evaluating adherence to regulations and policies related to change initiatives and active management of issues and emerging risks.
• Monitoring LOB’s adherence to firm wide operational risk standards and policies; reporting and escalating.
• Reviewing and challenging risk and control self-assessments of the business and support functions.
• Participating in and reviewing scenario analyses.
Job Requirement
Required Skills:
Required Skills:
• 10+ Years Capital Markets industry experience across multiple products, including Fixed Income products.
• 10+ Years Operational Risk/Front Office/Middle Office/Operations /Audit Experience
• Strong written and verbal communicator with very strong influencing skills and ability to manage debate and conflict.
• Organized, with attention to detail
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