Our client, a leading bank, is looking for an SVP level leader to grow their second line ORM program.
31st August, 2021
Job Description & Synthesis
Operational Risk Management (ORM) is responsible for providing independent and objective oversight of the management of risks arising from our client's business processes, people, systems, or external events. The Internal Controls Program Manager will:-Fulfill the strategic vision for the management and ongoing evolution of the bank's Control Program, anchored by the Internal Controls Management Policy (ICMP), to ensure effective controls management practices that support the organization's strategic objectives as well as satisfy regulatory requirements.-Function as a subject matter expert in the Second Line of Defense leading consultative and advisory engagements for risk owners on designing and implementing effective and pragmatic control management practices to support business objectives.-Provide input to the strategic approach to elevate controls management capabilities across the bank through innovative and meaningful training and development activities.
Controls Management Governance/DataOversee implementation and ongoing evolution of the bank's Internal Control Program, including the ICMPDevelop governing policy documents, ensuring clarity, applicability, and alignment with other Operational Risk Management policy documents; also ensure alignment with applicable governance documents Oversee and assess ongoing compliance with ICMP requirements, and ensure that the Controls program continues to meet its objectives
Develops an aggregated view of the effectiveness of controls management across the bank
Ensure data in the Control Repository supports the ICMP data requirements
Provide input to support the bank's interactions with regulators on matters relating to the Control Program
Support effective and informative reporting on the state of the bank's management of internal controls
Work with SVP, Manager ORM Advisory & Oversight to establish a vision for the ongoing evolution and maturity of the bank's Control Framework
Develop and implement continuous improvements to proactively address regulatory expectations and align with industry practices
Provide oversight of the centralized Control Repository Oversee and assess the completeness and quality of control and control assessment data
Control Management MethodologyAdvance the approach and methods used to ensure effective controls management which is aligned with industry best practices and regulatory expectations
Controls Management Advisory Services. Lead and execute targeted consultative and advisory engagements on the design and operationalization of effective control management practices.
Research emerging and developing industry practices and assess feasibility for adoption at the bank, including Coordinate with GRM OR representation for updates to the ICMP Collaborate with industry forums (e.g., ORX) to shape and influence enhancements to the ICMP program
Controls Management Capabilities Training & DevelopmentImplement and deliver roles-based internal controls management training and development activities (including Bank-wide and targeted training) to support continuous improvements of the Control Program, and to elevate controls management capabilities across the bank
Minimum 10 years of experience in the financial services industry, with at least five years in operational risk management, internal audit, or compliance role
Minimum 3 years of management experience
CPA - Certified Public Accountant
Strong knowledge of control management practices with proven experience in controls management design and/or execution
Strong business knowledge of financial services
Understanding of Risk Management/Operational Risk Management
Ability to handle complexity and ambiguity
Proven track record building strong relationships across multiple business functions