Operational Risk Program Lead
Operational Risk Program Lead
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Job Description
Overview
The Operational Risk Program Lead is responsible for designing implementing and managing riskrelated programs and frameworks including those for new products and services Operational Risk Events (OREs) Risk & Control SelfAssessments (RCSAs) and other key initiatives. These programs are critical in ensuring the banks effective risk identification mitigation and compliance. This role requires a deep understanding of operational risk management regulatory requirements and the latest risk assessment technologies to protect the banks financial stability while supporting business growth.
The Operational Risk Program Lead makes significant decisions requiring discretion and independent judgment in managing risk programs focusing on strategic decisionmaking and supporting the banks operational objectives rather than overseeing employees or managing daily business operations.
Principal Duties & Responsibilities:
- Develop and enhance risk management tools models and frameworks to support enterprisewide risk oversight focusing on identifying and mitigating risks associated with new products and services operational risk events RCSAs and other key risk programs ensuring alignment with evolving business strategies and objectives
- Lead the development and of operational risk assessments in collaboration with risk SMEs (e.g. financial credit market liquidity and compliance) and/or the Project Management team for new products and services RCSAs and operational risk events ensuring that potential risks are identified assessed and addressed proactivel
- Collaborate with IT to integrate automation and advanced technology solutions that enhance risk assessment reporting and management processes across new business initiatives and operational activitie
- Serve as a Subject Matter Expert (SME) in operational risk management providing guidance insights and strategic recommendations to senior leadership and crossfunctional teams on risk mitigation and compliance strategie
- Develop and maintain policies standards and/or procedures for Operational Risk Events New Products and Services and other operational risk policies as require
- Manage the monitoring of Operational Risk Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs) ensuring the early detection of emerging risks and facilitating proactive risk managemen
- Oversee the support of internal and external audits by providing necessary risk documentation and reports ensuring transparency and compliance in all riskrelated programs including operational risk events and new business initiative.
- Lead training programs to improve risk awareness and help employees manage risks particularly in new products services and operation
- Communicate risk strategies and recommendations to executive leadership and board committees with a focus on new products and services and operational risk events.
- Develop and manage risk dashboards for realtime risk visualization and monitoring of operational risk events and risks related to new products and services.
- Lead efforts to stay informed on industry trends benchmark risk management identify improvements and collaborate with 1LOD internal audit and other departments.
- Lead the identification and monitoring of external industry events and emerging risks.
Qualifications
810 years of experience in operational risk management financial risk consulting or a related field within a large bank or financial institution.
Experience working with risk technology platforms and analytics tools (e.g. Archer ServiceNow Power BI).
Strong knowledge of banking regulations risk assessment methodologies and financial risk products.
Strong analytical and problemsolving abilities to assess complex risk exposures and develop effective mitigation strategies.
Deep understanding of regulatory frameworks and risk compliance requirements with the ability to ensure alignment with evolving standards.
Proven leadership interpersonal and communication skills with the ability to influence and collaborate effectively with senior management stakeholders and regulatory bodies.
Project management experience in implementing risk frameworks and technologies ensuring seamless integration and .
Education
- Bachelors Degree in Finance Risk Management Economics Business Administration or a related field required.
- Masters Degree in Finance Risk Management Economics Business Administration or a related field preferred.
- Professional Certifications (preferred but not required): FRM (Financial Risk Manager) CFA (Chartered Financial Analyst) other relevant certifications in risk management or finance.
Special Instructions to Candidates
- Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
- Please view Equal Employment Opportunity Posters provided by OFCCPhere.
- The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about discussed or disclosed their own pay or the pay of another employee or applicant. However employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information unless the disclosure is (a) in response to a formal complaint or charge (b) in furtherance of an investigation proceeding hearing or action including an investigation conducted by the employer or (c) consistent with the contractors legal duty to furnish information. 41 CFR 601.35(c)
- Reasonable accommodation may be made to assist individuals with disabilities to complete the online application process. Please contact our Human Resources Department ator by email at.
Employment Type
Unclear
