Compliance and Operational Risk Manager - Global Markets and Financial Risk

Description

This job is responsible for executing second line of defense compliance and operational risk oversight for Global Markets Risk and Financial Risk.

Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively the Policies ), the Compliance and Operational Risk Management Program and Standard Operating Procedures are implemented and identifying, challenging, escalating, and mitigating risks in a timely manner.

Responsibilities :

Assesses risks and effectiveness of Global Markets Risk and Financial Risk processes and controls to ensure compliance with applicable laws, rules, and regulations, while responding to regulatory inquiries, other audits, and examinations

Engages in activities to provide independent compliance and operational risk oversight of Global Markets Risk and Financial Risk performance and any related third party / vendor relationships in alignment with the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy (collectively the Policies) and the Compliance and Operational Risk Management Program and Standard Operating Procedures

Identifies and escalates problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and / or operational risk losses

Manages inventory of processes, risks, controls, and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities

Assists in the development of independent risk management reporting for respective area(s) of coverage as input into country / regional governance and management routines

Analyzes and interprets applicable laws, rules, and regulations to provide clear and practical advice to stakeholders, and identify and manage risks

Reviews and challenges FLU / CF process, risk, Single Process Inventory, and FLU / CF Risk and Control Self-Assessment related to themes or trends, while monitoring the regulatory environment to identify regulatory changes applicable to area(s) of coverage

Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.

Skills : Advisory

Advisory

Monitoring, Surveillance, and Testing

Regulatory Compliance

Reporting

Risk Management

Critical Thinking

Influence

Interpret Relevant Laws, Rules, and Regulations

Issue Management

Policies, Procedures, and Guidelines Management

Business Process Analysis

Decision Making

Negotiation

Process Management

Written Communications

The Compliance and Operational Risk (C&OR) Manager is responsible for engaging in activities to provide independent compliance and operational risk oversight of Front Line Unit or Control Function ( FLU / CF ) performance and any related third party / vendor relationships in alignment with the Global Compliance Enterprise Policy, the Operational Risk Management Enterprise Policy (collectively the Policies ) and the Compliance and Operational Risk Management;

CORM ) Program and Standard Operating Procedures (SOPs). As a member of an FLU or CF C&OR officer team, the C&OR Manager is accountable for proactive identification, management and escalation of compliance and operational risks through the execution of some or all of the below identified activities.

This role exercises judgment and influence, and may constructively challenge FLU and CF leaders to support the CORM Program objectives, balancing business strategy with appropriate controls.

The C&OR Manager proactively engages with other Market and / or Financial Risk officers, including horizontal coverage owners and Enterprise Areas of Coverage ( EAC ), to provide comprehensive oversight of FLU / CF activities.

This role develops and maintains a global coverage plan which defines the scope and risk-based focus of the second line’s risk management activities.

The C&OR Manager prepares materials for C&OR regulatory exams / audits / inquiries and may provide consultation to business leaders in preparation for FLU / CF regulatory exams / audits / inquiries.

The C&OR Manager plans, drives and reviews team deliverables to support consistent quality of activities, processes and outputs.

This role may contribute as a manager responsible for providing leadership direction to attract, assess, develop, motivate and retain a team, or may act as an individual contributor.

The C&OR Manager contributes to the requirements of the CORM Program requirements including, but not limited to the following activities :

Produces and / or oversees the development of independent risk management reporting for respective area(s) of coverage as input governance and management routines

Provides subject matter expertise to assist the FLU / CF in establishing an annual learning plan, may be accountable for developing and delivering training content

Develops and maintains C&OR-owned policies and standards and / or provides oversight of FLU / CF-owned policies, standards and procedures to ensure regulatory and operational risk requirements are appropriately addressed, inclusive of conduct risk as applicable

Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage, advises business leaders on those changes, directs the appropriate areas to implement or amend policies, standards, procedures and / or processes to address regulatory requirements, and challenges the implementation plan as needed;

maintains a comprehensive regulatory inventory

Identifies, aggregates, reports, escalates, inspects and challenges remediation plans, and performs thematic analysis on FLU / CF-owned issues and control enhancements

Ensures C&OR owned issues and control enhancements are identified and addressed appropriately and timely

Contributes to or leads development of risk coverage plans, executes and / or oversees execution of independent risk monitoring, testing and risk assessments, communicates results

Reviews and challenges the FLU / CF process, risk, control (PRC) inventory and FLU / CF Risk & Control Self Assessment (RCSA)

Reviews and challenges internal and external operational loss events, including development of remediation plans to strengthen controls, and approves where appropriate

Participates in Scenario Analysis activities for coverage areas and challenges as appropriate

Ensures metrics are designed to measure key risks and control performance, monitors and reports on metric performance and breach remediation

To be successful in this role, the candidate should have Information Market Risk and Enterprise Financial Risk (EFR) knowledge as outlined below.

These skills will allow the risk officer to successfully review and challenge issue remediation efforts as well as build out additional coverage of the these areas.

Required Skills

Knowledge of the Risk Program with an emphasis on monitoring, testing and risk assessment

Knowledge of governance and reporting practices including escalation best practices and guidelines

Knowledge of issue management requirements

Ability to effectively review and challenge work done by the FLU / CF

Global Markets Risk and / or Financial Risk related experience

Desired Skills

10+ Years experience in Risk Management with 5+ years related to Markets or Financial Risk Management

Working knowledge of Market Risk and / or Financial Risk policy and standard requirements

Bachelor’s Degree or equivalent experience

Shift :

1st shift (United States of America)

Hours Per Week :