Operational Risk Manager, Americas

  • Competitive Salary
  • New York, NY, USA
  • Permanent, Full time
  • Commonwealth Bank Australia
  • 20 Sep 17

This is a second line of defense Risk role, that will suit a proactive and inquisitive Risk professional from an Institutional Banking and Global Markets background.

Operational Risk Manager, Americas

New York

Your Team

Operational Risk provides independent Operational Risk management services across the Institutional & Business Banking (I&BB) businesses.

Your Impact

To support sustainable business growth across Institutional & Business Banking (I&BB) through optimal risk/reward decisions and assurance on key controls. This role has a specific relationship with the New York and Houston teams.

This includes:

  • Being a trusted adviser on Operational Risk matters
  • Being an efficient and effective second layer of assurance
  • Supporting and enhancing a risk/reward culture across Institutional & Business Banking (I&BB)

Your Responsibilities

This role has a focused accountability for the IB&M Americas business and will require close liaison with I&BB Operational Risk colleagues in Institutional Banking & Markets (IB&M) in regional offices and head office. It may involve international travel .

You will more specifically be required to:

  • Maintain the Operational Risk Framework
  • Champion a strong risk culture and the ownership of risk management
  • Develop jurisdictional Operational Risk policies that comply with both CBA Group and local regulatory requirements
  • Perform second layer assurance on key controls
  • Facilitate loss incident management, root cause analysis, and assist with control improvement
  • Be involved in Key Risk Indicator (KRI) activities
  • Perform deep dive reviews on control efficiency and effectiveness
  • Assist in the delivery of education/training

Your Skills

In order to be successful for this role, you will demonstrate:

  • Institutional banking and financial markets product and process experience
  • Strong technical skills & knowledge base in Operational Risk Management (Line 2) or Compliance related activities / functions
  • 4 years’ experience in operational risk roles with 6 years overall experience in financial institutions
  • Strong knowledge of Americas regulatory requirements
  • Professional services/consulting/audit experience is highly desirable
  • Tertiary qualification in risk/finance/quantification field – essential
  • Relevant professional qualification (e.g. FINSIA, PRMIA or GARP) or studying towards it - desirable