Title: Operational Risk Manager – Quantitative Risk and Capital Planning @ Cleveland, OH / REMOTE
Terms of Hire: Full Time
Job description: The Quantitative Risk and Capital Planning Manager position resides in the 2nd Line of Defense within the Enterprise and Operational Risk Management Division and will be responsible for developing and maturing Operational Risk’s approach to the use of quantitative analysis research and analytical support to a team of risk professionals supporting Client’s Operational Risk Program. The person will be responsible for program development, resource management and development, surveillance and analysis of risk data, recommending mitigating actions, and managing risk projects as assigned. This position will also include managing the Operational Risk portion of the Capital Adequacy and Stress Testing Assessment (CASTA) process where they will work closely with partners across the company including Treasury, Finance, Model and Qualitative Risk. The position requires a background in capital planning, quantitative analysis, and/or financial statements processing.
Essential Job Functions:
- Develop and mature Operational Risk’s approach to the use of quantitative analysis research and analytical support to a team of risk professionals supporting Client’s Operational Risk Program.
- Manage the Operational Risk portion of the Capital Adequacy and Stress Testing Assessment (CASTA) process partnering across the company including Treasury, Finance, Model and Qualitative Risk.
- Conduct monitoring and surveillance activities as directed by the Chief Operational Risk Officer and as directed by manager.
- Identify, monitor, and resolve exceptions related to applicable Operational Risk Systems (e.g., Event Collection, Governance Risk Compliance (GRC), etc.).
- Assist with data analysis and scenario development to support the Operational Risk Scenario’s required for CASTA.
- Manage quality assurance activities related to enterprise Operational Risk processes (e.g., GRC).
- Complete risk data analysis, manage standard reporting and develop customized operational risk trend reporting related to risks, controls, findings, etc.
- Work with LOBs to develop Process Flow Charts of core processes, identifying risks, controls and gaps requiring remediation.
- Escalate promptly to appropriate operational risk team member, senior management (LOB and/or Operational Risk) any material breaches of applicable laws, rules, policies, tolerances, appetite, standards, tolerances, SLAs, etc.
- Follow through with LOB management and/or appropriate operational risk personnel to ensure appropriate corrective action is taken to sufficiently address findings/issues to prevent ongoing systemic issues.
- Effectively and professionally interact with senior management, regulatory agency personnel, internal legal counsel, internal risk review personnel as well as other Operational risk peers.
- Effectively collaborate with the LOB and senior manager to identify suitable internal controls to ensure compliance with laws and regulations; identify gaps in internal control effectiveness.
- Timely escalate issues and exceptions to management in accordance with procedures and/or based on sound judgment.
- Create and update regulatory risk registry as necessary to reflect changes, impact and necessary actions.
- Continuously evaluate risks and controls within the compliance program and recommend revisions as needed.
- Keep abreast of new rules and regulations as well as current surveillance techniques.
- Assist with review of the line of business policies and procedures, provide guidance to ensure effectiveness, ensure procedures are aligned with Client’s Standard Operational Procedure Guidance.
- Manage development and update of Enterprise Operational Risk Procedures/Policies and program documentation.
- Assist with internal and external audit, examination, regulatory inquiry and investigation requests for information.
- Attend various Compliance and line of business meetings; participate in LOB committees as appropriate.
- Assist with other tasks as required to ensure team objectives are achieved, even where outside usual area of responsibility.
Required Qualifications:
- Bachelor’s Degree preferred (equivalent experience may be considered).
- 5+ years of quantitative analysis, operational risk, data analytics, audit, or industry-related experience.
- Proficient in Microsoft Office tools such as Excel, Access, and the proven ability to learn how to use other unique technologies.
- Proven ability to work in a team environment and manage individuals.
- Candidate must possess the wherewithal and flexibility to undertake new functions/tasks as the Operational Risk and line of business evolves and grows.
- Sound decision-making skills; able to make decisions independently.
- Confidence in written and communication skills.
- Sound understanding of operational risks.
- Understanding of internal control frameworks.
- Strong research skills coupled with strong problem solving/analytical skills and ability to effectively summarize findings.
- Organizational skills and attention to detail.
- Self-motivated.
You Will Enjoy:
- An opportunity to be a part of a great culture, an awesome team, a challenging work environment, and some fun along the way!
- Apply today to learn more and be part of our Growth story.
All applications will be kept strictly confidential and once shortlisted, our team will be in touch with you for further discussions.
Department: Scout
This is a full-time position.
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