VP Business Risk and Control VP Business Risk and Control …

Phyton Talent Advisors
in New York, NY, United States
Permanent, Full time
Last application, 26 Aug 19
Competitive
Phyton Talent Advisors
in New York, NY, United States
Permanent, Full time
Last application, 26 Aug 19
Competitive
VP Business Risk and Control
Business Risk & Control (BRC) is a 1 st Line of Defense Operational Risk Team responsible for the implementation of Operational Risk framework. The BRC provides 1 st Line of Defense oversight of all key Operational Risks across all business lines and control functions identifying, assessing, monitoring, reporting and controlling operational risks.

Responsibilities
As a member of the BRC team a key focus for the individual will be to help design and deploy a common ORM framework across all the business lines. The role will be responsible for the following:
  • Working with the business and control functions to identify, assess, manage and report operational risk issues and events.
  • Preparing reports/presentations for various business line/entity and regional Risk and Control Committees and Working groups.
  • Work with the various business and control functions to design strong risk metrics (KPI/KRI) for both business line and enterprise reporting.
  • Work closely with the various business lines and control functions on balancing operational risk requirements with the need for efficient business operations
  • Participate in various projects and working groups that will improve the firm's risk and control framework.
  • Control Effectiveness Testing - oversight of testing performed within the respective business/control functional, working with control owners to design strong control testing plans and conducting periodic control effectiveness testing in various areas of the firm.
  • Risk and Control Liaison - a point of contact for all Risk & Control items across the Front Office, Control Functions, Risk (2 nd LoD), Audit and the Regulators.
Qualifications
  • Eligible to work in the US
  • Bachelor's or Master's degree
  • A strong understanding of Corporate and Investment Banking as well as Capital Markets a plus
  • 5+ years in Operational Risk/Control or Audit role for a Bank/Financial Institution
  • Strong understanding of Operational Risk Management and Control Frameworks
  • Independence in judgment and cognizant of latest developments in the market/regulatory environment.
  • Good communication skills both written and verbal
  • Proficiency in MS Word, Excel, and PowerPoint
  • Collaborative team player and relationship builder
  • Exemplary business ethics
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