Operational Risk Specialist

Daiwa Capital Markets America is seeking an Associate Director with experience of Operational Risk and/or third party risk management (“TPRM”) to join our Operational Risk Management (“ORM”) team. The ORM team is responsible for both the ORM and TPRM programs, working to execute robust risk management processes across the firm. The work environment is dynamic and focused on continuous program improvement, automation and integration with the other risk stripes and related programs.

The role entails working closely with ORM team members and collaborating cross-functionally with stakeholders to implement and deliver all components of the framework. In addition, the candidate will directly contribute to risk related initiatives including new Operational Risk initiatives, incident response, RCSA, Key Risk Indicators (KRIs), eGRC system integration and risk reporting.

The role involves interaction with management across the firm and involvement in a range of projects that provides for a challenging and multi-faceted work environment.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:

• Assist with ongoing development, rollout and maintenance of the Operational Risk and TPRM Programs.
• Performing third party risk assessment during onboarding and for periodic reviews.
• Working with the first line of the defense (1LoD) to develop KRIs, and monitoring for elevated risks.
• Assisting the 1LoD with operational incident reporting, conducting incident root cause analysis and reporting to management.
• Assisting business managers to perform Risk and Control Self-Assessments and reviewing the responses.
• Maintaining strong relationships with business management and providing risk training.
• Developing risk reporting and dashboards to meet the needs of business management and ORM.
• Identify and document potential risks associated with the operational processes across the firm including trading and operations.

QUALIFICATIONS:

• Educated to at least degree level, preferably in a business related subject.
• 5+ years of experience in Operational Risk and/ or third party risk management.
• Risk management certification preferred (e.g. CRISC).
• Work experience in financial services industry, preferably in the broker/dealer or banking sectors.
• Strong organizational, documentation, analytical, presentation, and communication skills (written and verbal).
• Hands on experience of Operational Risk processes (e.g. RCSA, KRI, Incident/Issues Management, Scenario Analysis, and risk reporting).
• Strong, analytical approach and a focus on bringing new ideas to increase efficiency/ automation.
• Experience of using and administering eGRC systems.