Operational Risk Management Lead

Operational Risk Management Lead with extensive knowledge of risk mitigation and internal control evaluation within the financial services industry. This person must be a strategic thinker with a solid understanding of risk and control identification, as well as the ability to identify control weaknesses and challenge issues as necessary. This position will assist other team members with coaching and training. This position must also maintain strong relationships with the line of business (LOB), other risk partners, and senior management to effectively influence changes that will improve the risk and control environment. This position is the key contact for the Risk and Control Self-Assessment (RCSA) for its assigned areas. Position Responsibilities: Line of Business Knowledge Advisor * Knowledge: Extensive knowledge of or ability to learn and understand end-to-end processes to be able to serve as a subject matter expert for operational performance issues that arise. Responsible for more complex business areas. * Trend Knowledge: Collaborate on business and industry trends that present opportunities and advise the Line of Business in moving forward with new business in a controlled environment. * Challenger: Use subject matter expertise and industry knowledge to provide independent oversight and credible challenge to the Line of Business' operational risk management activities. * Analysis of RCSA: Reach conclusions that are supported by facts and sound reasoning and that recognize broad themes and issues. * Documentation: Must be able to properly document understanding of end-to-end business processes, in both Word (narrative) and Flowchart (Visio) formats. * Other Support Advisor: Advise select assigned LOBs for select back-office and support functions with operational risk and the RCSA. Strategic Thinker in Risk Management and Internal Controls * Assist the LOB with RCSA: Collaborate with the first line business experts to create a real-time RCSA to define and document business processes and new initiatives including the assessment of key processes, risks, mitigating controls and action plan development. * Improving Controls: Apply strong business and risk judgment and critical thinking in performing opportunities for risk and control improvements and then collaborate to develop and implement solutions. Partner with business and risk teams to deliver well-managed, innovative solutions. * FLOD Prioritization: Provide appropriate risk management feedback on prioritization by the front line to enable the business to meet strategic objectives, while meeting operational risk program expectations. * Manage FLOD deadlines: Partner with FLOD on scope to ensure commitments are achieved within agreed-upon timeframes and advance appropriately when risks, significant issues, or challenges arise. * Risk and Control Challenger: Successfully review and challenge business operational risk management practices and outcomes. Understand, review and challenge front line risk acceptances. * Issues Management: Assist business units with timely reporting and correction of operational risk incidents including root cause analysis and development of mitigating action plans (KPI/KRI/Corrective Action Plans). * Operational Risk Program Challenger: Continuously look for ways to improve and innovate in the Bank's approach to risk management. Maintain subject matter expertise on enterprise risk management regulatory guidance and industry practices. Leverage experience to bring industry leading standards, practices, and tools to the organization. * Timely Escalation of Risk Concerns: Escalate operational risk concerns to ORM... For full info follow application link.

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