Operational Risk Management Lead

Operational Risk Management Lead with extensive knowledge of risk mitigation and internal control evaluation within the financial services industry. This person must be a strategic thinker with a solid understanding of risk and control identification, as well as the ability to identify control weaknesses and challenge issues as necessary. This position will oversee a small team and will provide them with coaching and training. This position must also maintain strong relationships with the line of business (LOB), other risk partners, and senior management to effectively influence changes that will improve the risk and control environment. This position is the key contact for the Risk and Control Self-Assessment (RCSA) and other Operational Risk Management tools and programs for assigned areas.

Position Responsibilities: Risk Partnership * Knowledge: Extensive knowledge of end-to-end processes to be able to serve as a subject matter expert for operational performance issues that arise. Responsible for more complex business areas and topics. * Analysis of RCSA: Collaborate with the first line business experts to create a real-time RCSA to define and document business processes and new initiatives including the assessment of key processes, risks, mitigating controls and action plan development. Reach conclusions that are supported by facts and sound reasoning and that recognize broad themes and issues. * Challenger: Use subject matter expertise and industry knowledge to provide independent oversight and credible challenge to the Line of Business' operational risk management activities. Successfully review and challenge business operational risk management practices and outcomes. Understand, review and challenge front line risk acceptances. * Trusted Advisor to FLOD: Become a trusted advisor through developing and maintaining strong positive working relationships with FLOD, incorporating industry knowledge of operations for assigned lines of business. Meet with the business partners regularly and help with ad-hoc projects including, issues, application changes, vendor changes, etc. * Partnership Throughout Organization: Build and maintain effective partnerships and communicate effectively with all levels of the organization including senior management, other risk partners, internal audit, and regulators to meet overall strategic objectives. * FLOD Prioritization: Provide appropriate risk management feedback on prioritization by the front line to enable the business to meet strategic objectives, while meeting operational risk program expectations. * Manage FLOD deadlines: Partner with FLOD on scope to ensure commitments are achieved within agreed-upon timeframes and advance appropriately when risks, significant issues, or challenges arise. * Collaborate on LOB Process Changes: Working with business partners to support and lead initiatives with that impact key business processes and identify risks and controls through the Risk and Control Self-Assessment (RCSA) * Trend Knowledge: Collaborate on business and industry trends that present opportunities and advise the Line of Business in moving forward with new business in a controlled environment. Risk Management and Internal Controls * Improving Controls: Apply strong business and risk judgment and critical thinking in identifying opportunities for risk and control improvements and then collaborate to develop and implement solutions. Partner with business and risk teams to deliver well-managed, innovative solutions. * Issues Management: Assist business units with timely reporting and correction of operational risk incidents including root cause analysis and... For full info follow application link.

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