Job Operational Risk Management Lead

Operational Risk Management (OrM) Lead - RCSA

The Operational Risk Management (ORM) Lead - RCSA is responsible for overseeing the development, execution, and continuous improvement of the Risk and Control Self-Assessment (RCSA) program and supporting other operational risk programs, ensuring that operational risks are effectively identified, assessed, and managed in alignment with the organization's risk appetite and regulatory expectations.

Reporting to the ORM Director, this role serves as a key second-line advisor and governance partner to first-line and second-line business units. The Operational Risk Management (ORM) Lead - RCSA drives day-to-day program efforts, provides subject matter expertise, and ensures consistency in execution, stakeholder engagement, and timely risk remediation.

The position operates in a lead capacity, helping to advance team priorities, coordinate program-level activities, and serve as a central point of contact for complex or high-impact RCSA efforts.

Principal Duties & Responsibilities :

• Lead the design, execution, and continuous improvement of the RCSA program across all business units.
• Ensure consistent identification, assessment, documentation, and monitoring of operational risks and controls aligned with the organization's risk appetite and regulatory expectations.
• Establish and maintain RCSA standards, methodologies, and templates to ensure consistency and quality across the enterprise.
• Provide second-line oversight and credible challenge to first- and second-line RCSA processes, risk assessments, and control evaluations.
• Review and validate the adequacy and effectiveness of controls identified by business units, ensuring risks are properly mitigated and documented.
• Escalate material risks, control weaknesses, and emerging issues to the ORM Director and relevant risk committees.
• Serve as the subject matter expert (SME) and primary liaison between Operational Risk Management and business units for RCSA-related matters.
• Partner with 1LOD, Compliance, Internal Audit, and other risk partners to ensure coordinated and consistent risk management practices.
• Facilitate regular meetings, walkthroughs, and workshops with process owners to support high-quality risk and control self-assessments.
• Lead program-level activities by guiding execution efforts, coordinating priorities, and advancing consistent delivery of RCSA objectives.
• Provide subject matter expertise and act as a resource to team members and business partners to promote best practices in risk control validation.
• Oversee identification, documentation, tracking, and closure of control deficiencies or risk issues arising from the RCSA process.
• Ensure corrective action plans are realistic, properly implemented, and validated before closure.
• Support root cause analysis and thematic reviews for recurring control failures or risk events.
• Prepare and deliver RCSA-related reporting, dashboards, and metrics for senior management and governance committees.
• Monitor adherence to program timelines, data quality standards, and policy requirements.
• Track key indicators of risk and control effectiveness to proactively identify potential areas of concern.
• Support integration and alignment of the RCSA program within the broader operational risk framework (e.g., risk taxonomy, KRIs, KPIs, loss events).
• Lead development and enhancement of process, risk, and control libraries.
• Contribute to GRC system enhancements to support RCSA automation, workflow, and reporting capabilities.
• Develop and deliver training and guidance to first- and second-line staff on RCSA methodology, risk identification, and control evaluation best practices.
• Promote a culture of risk awareness and ownership across the organization.

Qualifications

Education

Special Instructions to Candidates