Operational Risk Manager

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Job description

My client is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

Position Description

My client has an opening for a Vice President on the US Banks Coverage Team within the Firm's Operational Risk Department, with specific oversight of Bank lending products including mortgages. The successful candidate will interface with Bank Senior Management, the Banks' Operational Risk First Line of Defense (1LoD) team, support teams from various product line teams, cross-entity risk teams, cross-divisional teams, Legal and Compliance, and others. The role will involve building relationships and close coordination with line managers and risk experts in business lines and the banks

Responsibilities

• Partner with the relevant US Bank Business Units and Control Groups to assess the operational risk profile associated to lending products, including consideration of evolving regulatory expectation
• Work collaboratively in a high performing Global Operational Risk team responsible for identifying, assessing, reporting, and capturing operational risk information
• Lead risk assessments performing critical analysis as necessary and monitor data used to identify heightened risk and help develop risk remediation recommendations
• Contribute to the development of presentations for executive management and senior risk managers, including reporting to boards and committees
• Perform deep dives into material operational risk events (internal and external) and analyses of thematic operational risks
• Lead Scenario Analyses activities where significant and emerging risks are assessed
• Leverage and continue to build strong knowledge and expertise of lending products and services provided by US Banks, to support effective 2nd line review and challenge of the associated Operational Risk profile and controls
• Build solid relationships across divisions and control groups, including the Business,
• Legal & Compliance, Operations, Finance and Risk.

Company Requirements

Skills Required

• Bachelor's degree or equivalent, ideally in a quantitative discipline, Finance, Economics or similar
• Strong Lending (incl. Mortgages) products knowledge
• 6+ years of work experience in Operational Risk/Financial control/ Operations based roles within a Retail or Private Banking environment
• Confidence to take ideas forward and to challenge others, where appropriate
• Proven ability to anticipate and identify risks and effective mitigation
• Good understanding of banking regulation, especially relating to operational risk management, highly desirable
• Strong organization skills with the ability to multitask and prioritize; ability to work under pressure and to tight deadlines
• Excellent communication skills, both verbal and written; ability to produce concise and effective presentations
• Ability to work in a small team environment, building and maintain a network of contacts and coordinating with a large number of stakeholders

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