|Newly created group which was formed to bring all of the firm’s investment portfolios under combined leadership. IP manages investment grade and high yield debt securities, bank debt, and other credit investments. The group leverages our credit culture and expertise to make attractive risk/return investments for the bank with an emphasis on fundamental credit analysis.
This position is within the Investment Portfolio Operational Risk Management Group which is responsible for the development and management of the operational risk platform supporting the Investment Portfolio business under Wholesale Banking.
This individual will be responsible for the following:
•Development and management of a governance program to ensure conformance to the Corporate Model Risk Management Policy and the Model Risk Functional Framework and Oversight Policy
•Development and management of a governance program to ensure conformance to the End User Computing Tools Policy
•Serve as the End User Computing Tools Coordinator acting as the first line of defense for EUCT compliance activities across the Investment Portfolio
•Work closely with the Investment Portfolio Risk Analytics role to ensure appropriate first line of defense governance around the creation, development and usage of QTMs across the Investment Portfolio
•Evaluate the adequacy and effectiveness of policies, procedures, processes, systems and internal controls analyze business and/or system changes to determine impact, identify and assess operational risk issues
•Report findings and develop business cases to influence senior management on the need for controls to mitigate risk
•Consult with businesses to develop corrective action plans and effectively manage change
This position requires an understanding of the business lines ability to develop a cross-functional knowledge of risk responsibilities to gain a deep understanding of the IP framework, as well as specific internal corporate requirements.
•Minimum of 10 years experience in operational risk management processes and/or compliance or audit programs with at least half of that time having been spent in the Wholesale Banking line of business
•Working knowledge of Enterprise and Wholesale policies and procedures
•Experience collaborating with cross-organizational groups and functions, including technology, corporate real estate, etc.
•Strong understanding of expected controls (e.g. market, credit, finance, compliance, operations) across a variety of complex businesses
•Knowledge and a broad background in evaluating, measuring and managing financial and reputation risk arising from securities transactions, brokerage, fiduciary businesses and related operations
•Proven ability to analyze data and raise potential risks to management
•Ability to demonstrate strong organizational skills, attention to detail, and adherence to strict deadlines in a fast-paced environment
•Strong communication, negotiation, and collaboration skills, including the ability to negotiate with numerous parties and reach agreeable solutions
•Prior success in working and communicating with senior level executives
•Experience with corporate organizational structure, the operational risk processes, and the systems necessary to support the IP operational risk program (e.g. RCSA, CICAT, ILD, ORR, WAM, TRIMS, etc.)
•Proven ability and experience in being able to look at the big picture across a risk program and implement successful strategy and solutions
•Ability to adapt to changing and competing priorities
•Ability to effectively multi-task and successfully work on several unrelated projects at the same time
•4 year BS/BA degree or equivalent experience
qualified candidates should send resume to firstname.lastname@example.org