[POSITION SUMMARY] The Sr. Associate, Operational Risk is responsible for the strategic development, implementation, and effective execution of the Operational Risk (OR) program, the key program elements of which cover: internal loss, external loss, risk assessment, business impact assessments, KRIs, scenario analysis / stress testing, training, awareness, and communication, issues and remediation planning, tracking, MIS and reporting, testing, compliance, and monitoring.[RESPONSIBILITY STATEMENTS]Analyzes, measures performance, monitors trends, defines limits according for Corporate Banking Op Risk exposures in accordance to Risk Appetite.,Assisst in the ongoing oversight of Corporate Banking Operational Risk (OR) Framework in support of the first line of defense.,Contributes to escalation, reporting, communication to Risk Governance Forums.,Helps drive culture of risk awareness.,Participates in the creation and delivery of OR business-tailored training.,Supports the creation, management and development of OR program strategy, policies and models within the Corporate Banking Business.Qualifications
[EDUCATION] Bachelor's Degree; Business, Finance, Management, or equivalent field.,or equivalent work experience; [WORK EXPERIENCE] 9-12 years; Risk Management/Risk MIS,Financial Services industry. [SKILLS AND ABILITIES] Ability to adapt and adjust to multiple demands and competing priorities.,Ability to adjust to new developments/changing circumstances.,Ability to convey a sense of urgency and drive issues/projects to closure.,Ability to direct, train and guide peers, subordinates and management.,Ability to effectively interact with the market, executive management and vendors.,Ability to handle conflict resolution with other groups to ensure appropriate accounting guidance is followed.,Ability to independently operate in a complex, matrixed environment; adept at delivering and maintaining productive working relationships across business, functions, geographies and lines of defense,Advanced operational risk, process, and control validation and/or assessment skills.,Excellent analytical, organizational and project management skills.,Excellent written and oral communication skills., Knowledge of workflow/processes and risks/controls, including: origination, underwriting, servicing, and collections/workout.,Strong operational risk management principles, methodologies and tools, governance principles and activity preferably in a financial services technology environment.,Strong project management skills. [PHYSICAL DEMANDS] Minimal physical effort such as sitting, standing, and walking. [COMPETENCIES] Brings out the best in each team member by consistently motivating and acknowledging peer contributionsUnderstands and leverages team dynamics,Effectively conveys difficult or complex information in an easy to understand manner, by providing the big picture and illustrating important linkages Asks open-ended questions that encourage others to give their points of view,Ensures people receive the information they require, and brings the team together to share information,Ensures that all directs and colleagues have appropriate knowledge of risk and the regulatory environmentInvestigates and identifies the root cause and corrects items deemed non-compliant, regardless of pressures from business or management,Fully accountable for timeliness, completeness, quality of projects, processes, products and servicesRemains calm and focused on goals while facing pressures, obstacles or short-term setbacks,Improves relationships between key individuals to achieve seamless cross-team work flow and positively impact resultsUses informal networks to gain support for ideas and projects,Keeps up -to-date with external market events, pressures and regulations which may impact the organization and assesses whether similar issues exist in the organizationCan identify functional and organizational implications associated with major trendsDesigns solutions to address industry activities that impact the organization,Monitors adherence to policies, regulations, processes and procedures within function and actively undertakes corrective action where necessaryUnderstands end to end processes across the organization and how processes are integratedHas a practical knowledge of regulations impacting area supportedJob : Risk Management Primary Location : Massachusetts-Boston-75 State Street - 06366 - State Street-Corp Organization:CRO (8855) Schedule : Full-time Job Posting : Oct 29, 2019, 5:11:44 PM
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