VP Operational Risk

  • $140-160k base plus bonus
  • New York, NY, USA New York NY US
  • Permanent, Full time
  • Robert Half - US
  • 23 May 18 2018-05-23

Robert Half Financial Services are currently recruiting for a VP Operational Risk role within an International Bank, based in midtown New York. Our client requires at least 7+ years Operational Risk experience ideally within Investment Banking or Securities, and strong knowledge of Structured Products or New Product Approval process.

THE ROLE

The primary responsibility of the VP Operational Risk is to effectively and efficiently manage risk on a consistent and holistic basis across all the businesses. The Operational Risk Management (ORM) Team is building repeatable, sustainable operational risk capabilities across the enterprise.  The client is looking for an experienced VP Operational Risk professional with strong investment product knowledge to join the team to help design and deploy a common ORM framework and drive a consistent risk management approach in the 1st line of defense to identify, assess, manage and report operational risks across the bank’s various lines of business.

 

RESPONSIBILITIES

  • Drive a consistent approach to identify, assess, manage and report operational risk events, assessment issues and key risk indicators moving from a qualitative to a quantitative risk management model
  • Provide expert advice and counsel as a Key Risk Officer monitoring the various operational risk stripes to provide oversight and credible challenge of the 1st line control environment
  • Collaborate with the business to develop Key Risk and Key Performance Indicators covering the non-financial key risk domains defined in the ORM framework
  • Coordinate new product committee submissions, reviews, follow ups, and reporting
  • Drive common risk assessment practices, centralized collection, and reuse of risk data assessment results to improve assessment productivity
  • Review Risk Control Self-Assessment results conducted by the 1st line to assess whether the proper risks are identified and to verify the effectiveness of the control environment
  • Maintain non-financial key risk management policies and standards
  • Work with key stakeholders in the business to operationalize non-financial key risk management policies and standards through expert advice and consultation
  • Conduct deep dives/risk assessments/gap analyses and document findings
  • Track remediation plans on material risk events and issues to ensure control gaps are closed
  • Prepare presentation materials for leadership, business partners and regulators
  • Gain a deep understanding of the business’ needs and identify opportunities to strengthen the control environment
  • Assist with planning, preparing materials and conducting operational risk scenario analysis workshops
  • Collaborate and work with ORM team members on new risk initiatives to support the dynamic regulatory environment
  • Assist in the deployment of RSA Archer as the enterprise Governance Risk & Compliance (GRC) ORM solution
  • Assist in the design and implementation of operational risk reporting solutions that are relevant, impactful, timely and user friendly; automated where possible
  • Develop risk analytic capabilities to track risk trends and identify emerging risks in the environment
  • Raise awareness in the business lines of the importance of strong risk management practices and the need for effective controls
  • Balance operational risk requirements with the need for efficient business operations
  • Remain current with industry operational risk trends and regulatory areas of focus
  • Contribute to and participate on various operational risk governance forums

 

QUALIFICATIONS/SKILLS

  • Eligible to work in the US
  • Bachelor’s or Master’s degree
  • Strong knowledge of Investment Banking and Capital Markets products required
  • 7+ years of risk management, compliance, or audit experience
  • 4+ years of operational risk management framework experience desirable
  • Practical knowledge of risk reporting and development of key risk indicators
  • Strong analytical, problem solving, and decision making skills
  • Excellent interpersonal and communication skills
  • High motivated, self-directed individual with the ability to work independently
  • Strong project management capabilities with ability to multi-task
  • Working knowledge of GRC software solutions
  • Knowledge of regulatory requirements for the financial services industry
  • Collaborative team player and relationship builder
  • Exemplary business ethics
  • Excellent Microsoft Office skills

 

This VP Operational Risk role is located in Midtown New York so please only apply if you are able to travel to this location, and have relevant recent experience. The salary is flexible dependent on experience, however the initial range is $140-160k base plus bonus. If your profile matches the above criteria please contact me on **trishan.khareghat@roberthalf.com**