Job Description

The Risk Assurance team engages in cross-functional evaluations of key enterprise activities which are governed by the Risk & Compliance function to identify value added opportunities for improvement. The Risk Assurance teams scope is broad; covering all Lines of Business and Corporate Staff functions globally. The primary mandate is to provide ongoing assurance and independent validation of the Firms Operational Risk Management Framework (ORMF) methodologies, processes and governance, as well as ensure the integrity of the inputs to the measurement systems / models. Risk Assurance conducts reviews / continuous testing of the elements of the ORMF (risk control self-assessments, operational loss events, scenario analysis) and based upon results, report meaningful findings to senior management in both 1st and 2nd line for continuous improvement efforts.

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* Manages a global team of professional staff responsible for the ongoing independent validation of first line operational risk management activities, including the first line's identification, assessment, monitoring, risk exposure remediation and reporting of the business' risk exposure.
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* Provides assurance over the design, operating effectiveness and conceptual soundness of the enterprise-wide Corporate Operational Risk Management framework that consists of the Risk Control Self-Assessment (RSCA) approach, Key Risk Indicators (KRI) identification and reporting, Corporate Operational Risk Event notification and reporting, High level Assessments (HLAs), Scenario Analysis and operational risk policies, ensures policies are in compliance with regional regulations.
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* Validates the business' maintenance of effective RSCAs, KRIs, HLAs, Corporate Operational Risk Event notifications and reporting and scenario analyses (SA) consistent with the Corporate Operational Risk Management framework and provides challenge, as needed.
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* Articulate / report on results from review work performed, and write reports that present clear, concise and contextualized messages and findings in need of corrective action to 1st and 2nd Line stakeholders. Act as an ambassador for the Risk Assurance function in a Liaison role capacity through direct and continuous engagement / interaction with relevant 1st and 2nd Line counterparts.

The candidate must possess:

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* An advanced level of understanding of the components of an effective Operational Risk Management Framework that helps drive a best in-class program across an organization - inclusive of High Level Assessments (HLA), Risk and Control Self Assessment (RCSA), Key Risk Indicators (KRI), Operational Risk Event (ORE), Governance and Reporting, and Scenario Analysis activities that support CCAR.
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* Very Strong analytical skills with the ability to assess and test large/complex sets of data to draw conclusions, as well as the ability to assess and understand a process from end-to-end and be able to identify/test the key controls that exist within (or identify gaps if none exist). The individual needs to be able to connect the dots across the tested elements to identify common trends / broad systemic issues. This includes performance Quality Assurance review over test work done.
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* High level focus on detail with superior workpaper documentation skills to ensure that deliverables support the work performed, and have high quality standards that are review-ready for Internal Audit and Regulators.
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* Strong communication skills with the ability to clearly present messages and known deficiencies to internal and external senior management which can be difficult in nature, and then articulate the appropriate actions needed. This requires an individual to be respectfully resolute and be able to hold a position with conviction - knowing when to challenge and when to reconsider a point.
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* Recruits, directs, motivates and develops professional staff, maximizing their individual contribution, their professional growth and their ability to function effectively with their colleagues as a team.
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* Provides feedback at the most critical times.
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* May assist with the identification and development of talent to ensure appropriate succession planning.
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* Responsible for the achievement of goals across multiple regions.
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* Ensures teams are equipped to operationalize and attain annual objectives.
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* Modified based upon local regulations/requirements.

Qualifications

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* Bachelor's degree or the equivalent combination of education and experience is required.
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* 10-15 years of total work experience, with 3-5 years of management experience, preferred.