Head of Operational Risk

Company: Infinity Consulting Solutions
Location: Greenwich
Posted on: May 16, 2022

Job Description:

Head of Operational Risk

One of our major clients are looking for a Head of Operational Risk to lead the development and deployment of the Operational Risk Management Framework to help identify, assess, manage, monitor and report on the firm's operational risk profile. The position is well-suited for an organized individual who can meet deadlines, follow written procedures, and collaborate for improvements.

The Head of Operations Risk will:

Liaise with business and function leads on Operational Risk matters

Own the Operational Risk Framework globally - works with Chief Risk Officer on all Operational Risk Management Framework materials

Coordinate Operational Risk efforts and staff assigned to Operational Risk across all LEs to ensure consistency and efficiency

Ensure Operational Risk Management Framework is aligned to industry standards and regulatory requirements e.g., Client, EBA

Governance

Operational Risk policies, procedures are maintained up to date, accurate, and complied with all locations

Operational Risk reference data, including process inventory, risk taxonomy, and control library - partners with Audit to maintain a single view of the firm's business and operating model globally

Operational Risk appetite statements are accurate, reflective of operational risk in the business, and metrics/thresholds are appropriate to provide

Execution

Lead the risk Control Self Assessment program globally - planning, execution and reporting

Identify areas for TRAs, agrees with CRO and executes, delivering risk and control insights to business

Conduct root cause analysis on events/incidents and agrees control enhancements with process/risk owners

Oversee integration with other Risk stripes e.g. escalation of key inherent risks to financial risk managers for scenario planning and capital planning, partnership with IT Risk Manager to align applications and vendors to operational processes

Qualifications, skills, & Attributes

10+ years in Financial Services

5+ years in Risk & Controls roles, including team leadership experience in global, matrixed organizations

Extensive working knowledge of ORMFs - governance, execution, information (reporting & analytics)

Knowledge of OR industry best practice and regulatory standards

Strategically minded but execution oriented, high attention to detail, critically minded, professionally skeptical, tenacious but collaborative, pragmatic

Strong interpersonal skills, excellent work ethic, highly credible and influential presenter (verbal and written)

Ability to work in small teams but deliver big results through partnership with non Risk functions

Keywords: Infinity Consulting Solutions, Greenwich , Head of Operational Risk, Other , Greenwich, Connecticut