Job Description

The Business Operational Risk Manager (BORM) is aligned with our businesses partners to help appropriately manage risks arising from our products, services and business operations. This person along with business management, ensures that effective risk management is embedded in day to day operations and reflected in our business strategies, and related activities and will be primarily responsible for proactive management of operating risk. This requires significant coordination across internal business teams, as well as various other support and control groups within the organization.

Multiple roles are open to support U.S. Consumer businesses of Marketing, Analytics and Credit Risk.

Key Responsibilities

* Provide input/guidance to the business to ensure appropriate overall governance is in place
* Own the execution and facilitation of the Manager Control Assessment (MCA) process
* Drive risk discussions, provide input, and ensure decisions are made regarding risk acceptance and mitigation
* Partner with business to ensure that governance and procedures associated with loss event reporting, risk assessments, remediation tracking and operational risk reporting are within the Risk Framework
* Assist risk owners in the identification and evaluation of operational risks and controls, including identification of potential issues and opportunities for improvement
* Propose and implement technical solutions to drive toward control monitoring automation, simplification of front line control responsibilities, and automation of recurring reporting requirements
* Conduct risk assessments, test control design and operating effectiveness
* Produce and support risk management reporting to management (e.g. Annual Risk Assessments, Quarterly Risk Assessments, Operational Risk Forum, Key Indicator Dashboards)
* Ensures that significant risks and issues are appropriately and timely escalated
* Provide issue management review and validation support
* Owns regulatory mapping processes
* Manages Scenario Analysis
* Liaises with Business ORM on breaches and action steps to correct breaches
* Readiness assistance for audits and exams (both internal and external)

Qualifications:

* 10+ years relevant experience
* Significant experience in Operational Risk is a must. Other risk and control disciplines would be a plus.
* Experience in Internal Audit or Financial Control would be desirable.
* Expertise in the following would be beneficial: Fraud Awareness and Risk Management Operations and Systems (Information Security Standards, Vendor/Outsourcing Management and MCA Legal and Regulatory Compliance Management of a global operations and a complex environment that includes global teams.
* Excellent communication skills verbal & written

Education:

* Bachelors/University degree, Masters degree preferred

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Job Family Group:

Risk Management

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Job Family:

Operational Risk

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Time Type:

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