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Form of work Job Description
Operational Risk is an independent risk management function (2nd line), responsible for developing and implementing a standardized framework to identify, measure, and monitor operational risk across the firm. This role requires an, independent, energetic self-starter that can liaise with various levels of stakeholders across business units and federation teams both regionally and globally. Familiarity with the concepts of operational risk, the firm's process flows and control environment combined with strong interpersonal and analytical skills and a penchant for problem solving are necessary for this role. The team is dedicated to actively implementing and enhancing risk frameworks, employing and strengthening risk management, with a focus on Exchange Traded Funds (ETFs) and the overall front to back trade life-cycle.
Primary Responsibilities:
Work with first line process owners to develop day to day risk management metrics which quantify the divisions exposure to various types of risk
Using risk management metrics, emerging events, and contra-indicators, identify key process controls for risk deep dives to challenge/verify first line controls for quality assurance
Execute operational risk framework from the second line of defense while working closely with the first line via providing robust and independent challenge
Facilitate operational risk event and issue management framework and data collection, including the detailed reviews of significant events to ensure appropriate remediation plans are implemented, and identification of trends to identify significant or emerging risks
Review and evaluate new business initiatives to identify changes to the operational risk profile of the division and ensure proper controls are in place
Facilitate challenge of first line RCSA and Control Assessment ratings to ensure appropriate measurement approach and rationale has been employed
Conduct scenario analysis by working with stakeholders to develop and quantify scenarios measuring tail risks used for stress testing and capital calculations.
Contribute to the advancement of operational risk methods and practices and the operational risk management framework
Partner and collaborate with control partners (Legal and Compliance) to address regulatory matters and build a culture of preventative risk management in a new and growing division.
Basic Qualifications:
Bachelor's degree and 8+ years of relevant experience working in operational risk, relevant revenue generating division, or a control function (e.g., Credit Risk, Compliance, Operational Risk, Finance/Controllers or Audit)
Strong verbal and written communication skills
Ability to represent Risk management in front of senior stakeholders and be seen as a trusted partner in risk matters
Ability to work in a fast paced environment with a focus on delivery
Strong organizational skills (project management experience a plus)
Familiarity with enterprise risk management best-practices and controls
Quick learner who can thrive working as part as a cross-regional team and individually
Preferred Qualifications:
Product knowledge or experience in ETFs and all components of the trade life cycle
Familiarity or experience working with Product and Technology teams on new or growing tech stack
Standing up and deploying risk frameworks and processes in a new environment
Risk assessment experience for change management and process design
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