Our client, a leading bank, is looking for a VP of Operational Risk to join their growing team.
12th November, 2020
Job Description & Synthesis
Operational Risk Management (ORM) is responsible for providing independent and objective oversight of the management of risks arising from the bank's business processes, people, systems or external events. Working with the Manager the Operational Risk Program Manager will contribute to the ongoing review and monitoring of operational risk policies and programs executed by the business and corporate units including Risk and Control Assessments, Key Risk Indicators, scenario analysis and aggregating and reporting of operational risk information to the Risk Council.
Work collaboratively with business and corporate units to embed an understanding of the risk profile and risk appetite of the bank.
Review and challenge operational risk practices against the bank's operational risk framework and policies post-implementation.
Execute the operational risk programs (prioritized risk assessment, investigation, key initiatives, scenario analysis, etc.) as needed within assigned areas to ensure a complete, transparent and accurate view of the risk profile.
Participate in reviews of operational risk programs to ensure they continue to be appropriate based on emerging risk trends, thematic risks, and regulatory changes. Recommend new or revised assessments, and advise unit management on mitigation strategies.
Maintain awareness of current regulatory/industry trends impacting the Bank’s operational risk management program or practices.
Act as an internal advisor to business and corporate units regarding the ORM framework, policies and procedures.
Work with Business Unit management on the follow-up of outstanding RCSA issues.
Work with the Operational Risk Management Manager on the roll-up and preparation of the annual ERCA for operational risk
Assist with the preparation of status reports, key metrics, and other ORM reporting information as requested by management, the Risk Council
Minimum 7 years experience in the financial services sector
Minimum 5 years of experience in Risk Management, ORM or Internal Audit
Minimum 5 years of management or operational experience
Strong business knowledge of financial services and/or wealth management
Understanding of Risk Management/Operational Risk Management
Ability to handle complexity and ambiguity
Proven track record building strong relationships across multiple business functions