Business Risk and Controls Manager Business Risk and Controls Manager …

Ameriprise Financial, Inc.
in Boston, MA, United States
Permanent, Full time
Be the first to apply
Ameriprise Financial, Inc.
in Boston, MA, United States
Permanent, Full time
Be the first to apply
Business Risk and Controls Manager
Job Description

Supports senior RLO with role of helping business and functional heads discharge their first-line risk management obligations in line with policy and regulation.


  • Culture:
-Review trends in Risk Events in business unit/function, to feed into senior RLO's proposal of 'Tone from the Top' messaging from business head on Risk & Control
  • Operating Soundness
    • Reviews inventories/maps/KRIs that are impacted by Risk Events, Change Programmes or other events which may cause them to be updated and reissued - propose updates to inventory/map/KRI owners
    • Supports senior RLO in writing/reviewing select policies and procedures.
    • Runs tracker or project mgmt for controls remediation projects, as requested by senior RLO
    • Coordinates BCP and operational resilience exercises, as requested by RLO
  • Operational Risk Management ie (Assessments (RCSA, Scenario Planning, Emerging Risk Analysis, Outsourcing Risk Analysis, Deep Dives), Trends (Risk Indicators, Risk Events, External Events), Findings (RLO testing, RCS assurance, Sox tests)
-Supports senior RLO in coordinating and performing risk assessment activities and RCC deep dives, prepares recommendations for presentation to BU/functional head
-Ensures timely and accurate REV recording and proposes escalation
-Oversees REV action remediation
-Reviews risk trends and recommends actions
-Conducts risk-based testing at the direction of the Senior RLO
-Supports senior RLO in coordinating responses to findings from RLO testing, RCS assurance or SOx testing
  • Governance ie. BU control meeting / RCC
-Supports preparation of agenda/papers for Business/Function control meeting
-Support preparation of updates for RCC where required for escalation purposes
  • Risk expertise
    • Reviews internal and industry best practices, Risk/Compliance guidance, champions 2nd line Risk initiatives, makes recommendations to RLO

Required Qualifications

  • Bachelors degree.
  • 3-5 years of relevant work experience.
  • Risk/Control expertise: knowledge of current techniques in operational risk management, controls and operational soundness.
  • Analysis: ability to assess data points (eg. inherent risk, crystallised risk, emerging risks, control effectiveness) to propose an actionable plan to bring data points into tolerance.
  • Testing: ability to test control design, effectiveness and evidencing.
  • Oversight: support senior RLO in oversight of unit/function deliverables with respect to the control environment.
  • Governance: ability to create targeted and high-quality papers for governance forums, working at the direction of the senior RLO.

Preferred Qualifications

  • 2-3 years in an audit function, operational risk, controls, or business management.
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