Risk-Bengaluru-Associate-Operational Risk

OPERATIONAL RISK

Operational Risk is an independent risk management function within 2nd Line of Defence (2LoD) responsible for developing and implementing a standardized framework to identify measure and monitor operational risk across the firm. This role requires an energetic self-starter that can liaise with stakeholders across business units and federation teams both regionally and globally. Familiarity with the concepts of operational risk the firms process flows and control environment combined with strong interpersonal and analytical skills and a penchant for problem solving are necessary for this role.

Operational Risk Controls Monitoring & Testing (Op Risk CM&T) team leverages unique in-house business monitoring insights to effectively execute risk and trigger-based reviews and testing programs to ensure conformity and effectiveness of firm standards policies and regulations. This is achieved by a dedicated team of Risk SMEs working closely with 1st Line of Defence (1LoD) for robust check and challenge of 1LoDs execution of risk management programs.

OUR IMPACT

The Controls Review and Challenge Team is a group within Operational Risk Controls Monitoring & Testing comprised of individuals with diverse backgrounds responsible for assessing the design and performance of the Control Monitoring & Testing programs across the firm.

The Controls Review and Challenge Team leverages its experience in financial products operational functions operational risk management markets and regulations to conduct risk-based reviews across the Operational Risk Division. The Controls Review and Challenge Team focusses on performing completeness consistency and thematic reviews across high risk processes key controls and review and challenge of Monitoring & Testing functions firmwide. The Controls Review and Challenge Team engages with cross-functional Risk and Compliance SMEs to provide technical and domain expertise and divisional coverage team to feedback outcomes to business segments.

The Controls Review and Challenge team is seeking an experienced risk professional to help execute risk-based testing to support cross-functional teams effectively manage operational risk across the firm. This is an exciting opportunity for an individual to work within an international organization and teams located across Bengaluru Dallas Hyderabad London New York and Warsaw.

RESPONSIBILITIES

We are looking for an experienced Operational Risk professional to work within the Operational Risk ControlsReview and Challenge space. Responsibilities include the following:

• Partner with colleagues across divisions around the globe while contributing to and managing various CMT driven programs
• Represent CMT on forums to ensure accurate reflection of our functions controls and frameworks
• Conduct reviews togive management reasonable assurance as to the effectiveness of the control environment on a periodic basis.
• Work with senior stakeholders to ensure controls monitoring and testing abides by the standards and is sufficiently documented
• Perform data analysis to identify patterns / trends and areas of risk that may warrant further review or testing
• Review Control indicator / Risk Indicator evidence to ensure that it is produced timely and consistently is retained according to applicable policies and standards and provides insights into the performance of the control relative to its objective.
• Ensure that the data used to produce Control / Risk Indicators meets the companys Data Quality standards and can be relied upon
• Independently assess the firms internal control structure including the firms governance processes and controls and risk management.

SKILLS & EXPERIENCE WERE LOOKING FOR

BASIC QUALIFICATIONS

• Bachelors / Undergraduate degree
• 4 years experience in the financial services industry either working for another broker dealer law firm Big Four firm or regulator
• Knowledge of financial products markets and operational processes
• Practical experience in operational risk management with demonstrated risk reduction impact
• Demonstrates strong risk and control mindsets analytical exercises professional skepticism and able to challenge and discuss effectively with management on risks and control measures
• Strong communication and interpersonal skills both written and oral ability to grasp technical concepts and communicate with impact to various audiences
• Attention to detail and proven analytical and technical skills with desire to learn more
• Self-motivated and proactive team player who takes ownership and accountability of projects has strong organizational skills as well as the ability to effectively manage competing priorities for wide-ranging programs
• Proficient in Microsoft Word Excel and PowerPoint
• Ability to operate independently and drive consensus

ADDITIONAL EXPERTISE

• Practical experience in large-scale global organizations such as Financial Services with a desired focus on Investment Banking e.g. Asset & Wealth Management or Global Banking & Markets or experience in Supervisory and Regulatory Bodies Risk Advisory or Management Consulting.
• Practical experience of working in Accounting Audit Compliance Operations Risk Legal or Regulatory.
• Knowledge of risk and control assessments and issue management
• Practical experience of Controls Testing Issue Remediation Root Cause Analysis and Case Management
• Practical experience of Data Analytics and Reporting using industry wide Business Intelligence (BI) Tools such as Alteryx Qlik Excel Power BI etc...