Operational Risk Senior Specialist

  • Competitive
  • Dublin, Leinster, Ireland Dublin Leinster IE
  • Permanent, Full time
  • Bank of America Merrill Lynch
  • 18 Jul 18 2018-07-18

Operational Risk Senior Specialist

Job Description:
Corporate Title: Vice President (VP)
Location: Dublin
Line of Business: Operational Risk

Our Dublin office is seeking an Operational Risk Senior Specialist to join our growing Ops Risk area. The Operational Risk VP will be responsible for supporting the oversight of operational risk, ensuring the identification, escalation and timely mitigation of operational risks.

You will partner closely with business and support function management, with support from other Operational Risk colleagues, to provide knowledgeable & impactful challenge and oversight of risk and control issues within the entity.

What will your main responsibilities involve?

  • Responsible for adherence to the Operational Risk Framework and compliance with Operational Risk regulations of the CBI and other relevant regulatory bodies.
  • Key contributor in independently assessing and ensuring the effectiveness of the Operational Risk Management Framework.
  • Providing operational risk oversight of relevant business activity within the entity and support the embedding of an effective operational risk culture within the business
  • Support the Head of Operational Risk for all operational risk matters including engagement with regulators
  • Participating and proactively provide challenge in relevant entity risk and control forums and governance routines
  • Partner with other Operational Risk teams as required for support on the execution of monitoring, assessment, testing and other Operational Risk Framework elements
  • Identifying risks and control issues and drive risk mitigation action as required
  • Providing effective challenge to the first line of defence
  • Review and challenge business KRI's and Risk Self Assessments
  • Review Operational Losses
  • Execute the Scenario Analysis programme as part of the entity operational risk capital

What skills and qualifications will you ideally possess?

  • Experience in financial services risk or control roles ideally within an investment banking background

  • Consistent record of working within a banking environment at major financial institutions
  • Ability to think and act commercially, with experience of business control, audit or risk roles
  • Good understanding of core business and products, operational framework and risk/controls
  • Solid team working and relationship management skills
  • Ability to engage with and present to senior leadership across the organisation
  • Ability to work across multiple countries in complex matrix environment

  • Meaningful Risk, Control or Audit experience
  • Knowledge of Bank of America's businesses, systems and controls

About Bank of America Merrill Lynch

Bank of America is one of the world's leading financial institutions, serving individual consumers, small- and middle-market businesses, large corporations and governments with a full range of financial and risk management products and services. Bank of America Merrill Lynch is the marketing name for the global banking and markets businesses.
The company has had a presence in EMEA since 1922. With offices in 23 countries on three continents, it offers an integrated and comprehensive set of products and services across Global Corporate and Investment Banking, Global Markets and Consumer Card, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise. Developing solutions for social and environmental challenges is at the core of Bank of America Merrill Lynch's responsibility platform. In more than 90 countries around the world, we partner with employees, clients and stakeholders to help make financial lives better.


If you're interested in this opportunity please send your details to us by applying online.
Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mindset are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.