AVP, Ops risk and control

New York, NJ

Post Date: 08/10/2017 Job ID: 10016452 Industry: FIN Perm
Work with business managers to complete a comprehensive Risk Control Assessment (RCA). This will include (a) analysis of existing processes to determine the effectiveness of controls and (b) an evaluation of internal/external operational events to quantify the financial, reputational & regulatory impact of failed controls. Develop or enhance monitoring tools to evaluate the design and operating effectiveness of the key controls in the Business. Monitoring will include reviewing key indicators, sample testing and conducting thematic reviews. Demonstrate a sound holistic and technical understanding of pertinent business areas and Group Standards Manuals (GSM) and Functional Instruction Manuals (FIM) and local standards. Provide on-going coaching and guidance to less experienced BRCM staff (both locally as well as within the region on occasion) to ensure there is a consistent understanding of the overall risk program, KRIs, Monitoring Plan and governance structure across the Americas. Lead internal control reviews of high risk processes including procedure testing, establishing test plans and test scripts, providing recommendations, providing feedback and reporting to the Americas Head of BRCM. Prepare and suggest enhancements to monthly reports on business defined key risk indicators (KRI's) and other reports that need to be sent to the Risk Management team and the North America Global Banking and Markets Risk Management team. Assist in coordination of exams conducted by Group Internal Audit, external regulators, external auditors and other internal compliance and risk teams. Work with local and regional business management/BRCMs to compile reporting on the risk environment to be presented at the local/regional Risk Management Committees. Understand Group Risk requirements, ensure they are communicated to the region and ensure compliance by the region. Based on the activities in the area under review, be able to identify, articulate, and challenge management on the strength of their control program. Review documented policies and procedures and challenge whether they remain current and are aligned to FIM and the processes taking place Work with Compliance officers to identify regulatory risks and integrate regulatory controls and monitoring into the overall risk monitoring plan (RCR project). Identify and escalate Management Self-Identified Issues in a timely manner Document and monitor progress of remedial actions for issues identified through BRCM testing and by others, including Internal Audit, Compliance, regulators, and Management Self-Identified Issues Qualifications Minimum of bachelor's degree in finance, accounting, business or related fields, MBA and /or CFA/CPA a plus. Trustee and paying agency experience as well as working knowledge of custody operations. 7 to 10+ years banking/financial services experience and exposure to Operational Risk frameworks. Direct experience with internal control program development and testing (design as well as operating effectiveness) to ensure appropriate focus on key risks inherent in the significant business processes. Proven leadership and organizational skills, highly detail-oriented, with an ability to speak with conviction across all levels of the organization on BRCM issues that are raised. Initiative, self-motivation and the ability to prioritize tasks and work independently under pressure. Working knowledge of US Banking Regulatory requirements (Regs. W, R, 9, Transfer Agent, Trust Indenture Act are significant focus areas) Working knowledge of FATCA, Volcker regulations and impact on US Banking activities Working knowledge of SOX 404 front-to-back design and operating effectiveness testing Experience in documenting front-to-back process flows including various interdepartmental handoffs (i.E. " swim-lanes format ) highlighting handoffs and key control points Ideally candidate will be bi-lingual (English and Spanish) to enable effective communication with our colleagues in Latin America

Barry Whelan

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