Operational Risk Senior Job Description

Operational Risk Senior Job Description

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Operational risk senior provides subject matter expertise in the area of operational risk practices and governance including risk and control self-assessments, internal loss measurement and categorization, external loss surveillance, risk appetite, key risk indicators, issue management, fraud risk management, and data quality programs.

Operational Risk Senior Duties & Responsibilities

To write an effective operational risk senior job description, begin by listing detailed duties, responsibilities and expectations. We have included operational risk senior job description templates that you can modify and use.

Sample responsibilities for this position include:

Prepare, or enhance documented obligations and expected controls based on the in-scope securities and derivatives regulations/areas in accordance with the documented standards
Submit proposed obligations and expected controls to the designated working group consisting of compliance, risk and legal departments' representatives throughout the project life cycle
Work autonomously, but seek line management or related work group input on unusual situations, highly complex issues, and matters that may pose significant issues to the program stakeholders
Review and provide feedback, as part of the working group for the existing regulatory requirements inventory, priorities, and scope
Apply industry best practices for securities and derivatives regulatory risk management, including identification of regulatory requirements, aligned with the securities, futures and swaps regulatory framework and tailored to the firm's specifics
Leverage the unique business structure and regulatory compliance program as it relates to current securities, futures and swaps activities
Utilize the existing supervisory structure (e.g., written supervisory procedures and other policies and procedures) as a roadmap for the relevant regulatory objectives
Tailor obligations and controls for relevant Lines of Businesses based on regulatory requirements based on the legal entities structure, and products and services offered by the Firm
Think independently and provide advice that strikes an appropriate balance between mitigation of compliance risk and business agility
Reporting directly to the Risk Control Officer for all entities

Operational Risk Senior Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Operational Risk Senior

List any licenses or certifications required by the position: CISA, CRCM, ISACA, CRISC, CPA, GRC, PRM, FRM, ORIC, CISM

Education for Operational Risk Senior

Typically a job would require a certain level of education.

Employers hiring for the operational risk senior job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Business, Accounting, Management, Economics, Education, Business/Administration, Engineering, Computer Science, Graduate

Skills for Operational Risk Senior

Desired skills for operational risk senior include:

Broad-based business practices
Deep understanding of segment/function business processes
Operational risk concepts
Risk management principles and controls
SOX and other industry-related regulatory requirements
With the ability to assess levels of adherence/execution and identify risk/control improvement opportunities
Ability to navigate company risk policies and standards
Control processes and best practice in relevant controls
Customer Service
Internal loss data and scenario analysis

Desired experience for operational risk senior includes:

Understanding of Data Governance and regulatory requirements regarding data governance and maintenance
This position requires significant business acumen, impact and influence skills, and organizational agility to succeed
Ability to explain IT risk, vendor risk, outsourcing risk, people risk, fraud risk, anti-money laundering risk, to business leaders
Sitting with various Committees / Boards on a monthly basis as required, to support the preparation of reports to the Boards of Directors on risk matters as standard
You will be analysing regulations and their impact from a risk perspective including SOLVENCY II / CRD / UCITS / AIFMD / MIFID / EMIR
Understanding Regulatory Risk Framework and applying as required including Solvency System of Governance, ICAAP, SRRI, Commitment Approach, Regulatory VaR, CoRep, CSA / ISDA's

Operational Risk Senior Examples

1

Operational Risk Senior Job Description

Job Description Example
Our company is searching for experienced candidates for the position of operational risk senior. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for operational risk senior
  • Executes operational risk programs within GAM (risk and control assessment, loss event data collection, detailed control review and assessment, control monitoring, and scenario analysis)
  • Analyze external events and liaise with the business to ascertain if similar exposures exist within GAM, assess the impact on the risk profile and develop mitigation strategies if required
  • Provide expert operational risk advice to senior business leaders in assigned functions through attendance on senior management executive committees, risk and compliance committees, with authority to challenge and escalate through to the function’s Operating Committee, GRM Operating Committee, Group Operating Committee and to the Board(s) of Directors as warranted
  • Ensure that the Operational Risk Profiles for functions are fairly presented so that there is transparency of the risk profile to enable executive decisions to be risk-based
  • Provide IT Operational Risk advice and counsel to the GTI Executives and Management, eg
  • Prepare and analyze GTI’s operational risk profile, recommend and oversee risk mitigation processes and communicate regular reviews to GTI Risk Representatives and Sr
  • Foster a good relationship with GTI areas, T&O ORM, EORM, and CoG’s
  • Provides leadership and support to proactive governance practices with executive reporting
  • Raise awareness and deliver T&O Operational Risk training and provide coaching on ORM tools and processes
  • The successful Senior Risk Analyst will be responsible for delivering key elements of the international risk and control program, in line with Company Policy
Qualifications for operational risk senior
  • Financial Risk Manger (FRM), Professional Risk Managers' International Assoc
  • Energetic person who is a self starter and proactive – willing to roll up sleeves to get the job done• Experience with Operational Risk Management and related concepts, IT security, model risk, vendor management, internal and external fraud
  • The role requires the incumbent to have a broad and in-depth knowledge of IT Operations, business applications, regulatory environment and key technology risks
  • Experience in senior level roles in the Technology Solutions field and the Risk Management/Audit field
  • Supports operational risk management leadership within WM-CA including providing expertise, advice and counsel to senior management, enhancing their ability to anticipate and manage operational risks effectively
  • Executes Operational Risk programs in WM-CA including event data collection, key risk indicators, scenario analysis, and risk and control identification and assessment
2

Operational Risk Senior Job Description

Job Description Example
Our innovative and growing company is hiring for an operational risk senior. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for operational risk senior
  • Gain knowledge of the financial services industry and become familiar with the corporation's products, operations and distribution systems
  • As an Operational Risk subject matter expert, providing oversight of, and challenge to, operating functions
  • Likely to have a third level qualification, with a professional qualification (ICAI, ACCA or similar) beneficial
  • 3 - 5 years' experience in Financial Services and in a compliance, risk or internal audit role preferred
  • A knowledge of audit procedures, including planning, audit testing, analytical review and types of sampling involved in conducting audits preferred
  • An ability to establish and retain effective working relationships with other staff and to communicate clearly and effectively, both orally and in writing
  • An ability to gather, analyse and evaluate facts and to prepare and present concise oral and written reports and proposals
  • Willingness to assist in a team environment and to adapt to challenges in the course of achieving departmental and group objectives
  • Comfortable working as a self-starter and as part of a wider team
  • Provide supervisory oversight on Operational Risk governance, policies and reporting to ensure consistent application across all units of the bank and compliance with Hong Kong regulatory requirements
Qualifications for operational risk senior
  • Bachelor’s degree with minimum of 5 years of Operations, Finance, Legal , Risk and/or Compliance experience in financial services or banking industry
  • Knowledge of ORM practices and Risk Framework
  • Solid experience in designing, implementing, and validating the effectiveness of operational controls
  • Solid working knowledge of enterprise and operational risk management frameworks and processes
  • Operational Risk management experience within the Financial Services industry
  • Ability to perform a risk and control role confidently within a small team
3

Operational Risk Senior Job Description

Job Description Example
Our growing company is looking for an operational risk senior. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for operational risk senior
  • Partner with senior stakeholders in implementing/maintaining the Operational Risk policies and tools including Risk and Control Self-Assessment and New Product Approval and Outsourcing policies
  • Manage and develop a team of Operational Risk professionals by providing leadership, guidance, coaching and counseling
  • Assess key operational risk issues at the strategic level and provide timely risk analyses and reporting to senior management and board
  • Review major operational risk events for proper identification of root causes, evaluate cross-unit implications and effective and timely implementation of remediation plans
  • Promote risk and control awareness through comprehensive training programmes, sharing of best practices and lessons learnt
  • Be engaged in major change initiatives of the business and support units and provide strategic input to mitigate operational risk
  • Drive escalation and discussion of significant issues at the Hong Kong Operational Risk Committee and Risk Executive Committee
  • Lead, coach, and supervise staff and ensure optimal performance
  • Drive and implement operational risks control framework and standards/process/policies in Treasury & Markets of Greater China region including identifying, assessing, monitoring and mitigating operational risk
  • Provide risks control advice to the line managers on errors/risk events/control lapses, and deep dive into root cause analysis for action planning
Qualifications for operational risk senior
  • Strong presentation skills and capabilities to present complex issues to non-specialist audiences
  • Regulatory requirements for recovery and resolution planning (RRP)
  • Good understanding of key regulatory changes such as ICB, BRRD and Operational Continuity in Resolution
  • Facilitating the implementation of a fit for purpose operational risk and compliance framework
  • Previous Operational Risk experience in either a 1st or 2nd Line capacity - ideally within a Retail Banking environment
  • 3 Years experience in Risk Consulting or Operational Risk Management for an Australian financial services company
4

Operational Risk Senior Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of operational risk senior. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for operational risk senior
  • Provide training to staff within Treasury & Markets/Treasury Liquidty Management so as to drive strong risks & control awareness and risk culture
  • Collaborates with other SMEs to determine and communicate the business impact of changes to operational risk management policy and standards
  • Works in close cooperation and collaboration with the Operational Risk Management subject matter experts and the Risk Governance Office, business line risk managers
  • Supports Regulatory & Operational Risk Market Ops Leader and Team with operational and reporting requests
  • Prepares all types of correspondence often acting independently, including letters, memorandums, agendas, reports
  • Manages the scheduling of meetings, leadership meetings, and events
  • Routinely handles highly sensitive and confidential information requiring a high level of discretion
  • Ability to set the stage for a successful assessment of client’s internal audit processes and controls by collecting and organizing data
  • Ability to conduct internal audits by leveraging approved processes and methodologies
  • Perform key duties associated with loss data collection and reporting program
Qualifications for operational risk senior
  • 4+ years of relevant governance, risk, and control experience, specifically in areas of accounting and finance in a large, fast-paced, results-oriented company with a demonstrated history of success
  • Ability to communicate complex ideas in a clear and concise manner, influencing the opinions and actions of key stakeholders and gaining their trust
  • Strong decision-making qualities
  • Experience in risk management (1st or 2nd line), auditing or oversight of operational processes
  • Experience of working in the Asset / Investment Management Industry
  • Assess Email Content Monitoring (ECM) Alerts as per defined SLA
5

Operational Risk Senior Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of operational risk senior. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for operational risk senior
  • Work across the client’s business portfolio and value chain, while determining when and how to deep dive into technical operations on the process line or shop floor to better manage operational risks and enhance the client’s business value
  • Communicate and coordinate effectively across diverse client stakeholders, including the client business ecosystem
  • Identify proactively issues and risks in relation to the specific delivery activities and liaise with the wider project team to evaluate potential solutions and pursue the optimal course of actions to minimize adverse impact and maximize project success
  • Build and implement client solutions that fit client culture, business environment and improves client business performance
  • Lead operational risk management proposals and provide expertise as part of proposal development and support to other team members
  • Thought leader and creative thinker in operational risk management with the ability to create new risk methodologies and approaches
  • Participate and contribute to functional and/or industry networks with the aim of developing and sharing best practices
  • Be a thought leader in operational risk management and help build firm capability
  • Provide feedback and coaching to junior colleagues to support their development within DSS
  • Assist in conducting audits and reviews
Qualifications for operational risk senior
  • Generic understanding of how ECM alerts are classified by Severity into Low, Med and High
  • Sound understanding of SOP for handling ECM Alerts
  • Sound understanding of expected management response based on the incident type (when to file for breach, when BU to call for FIRT, when BU to obtain LOU)
  • Sound understanding of ECM rules to be able to answer advanced queries from BU
  • Knowledge of diverse content
  • Ability to understand and identify the DLP risk associated with High Severity Alerts

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