Business Risk Manager Business Risk Manager …

in New York, NY, United States
Permanent, Full time
Last application, 01 Jul 20
in New York, NY, United States
Permanent, Full time
Last application, 01 Jul 20
This role manages three staff members and the overall first-line risk management oversight for US businesses and functional areas. The role will focus on all non-financial risk management activities to ensure the business / functional areas have strong risk awareness and effective controls in place for the business objectives. Each area will be managed as a business and their non-financial risks and controls must be managed proactively, however the accountability and/or responsibility remain within the business / functional areas supported.


  • Manages three staff.
  • Responsible to facilitate the RSA, RAS and SIRA mandates.
  • Provides oversight and advisory on non-financial risks and impact on people, processes and systems
  • Proactively review and advise on end-to-end processes with effective, efficient and complete control design to mitigate risks.
  • Works with business on process, risk and control matrices for completeness and accuracy.
  • Provides oversight to global and local policy adherence and review for new policies from head office and need for local policies
  • Supports new/change initiatives and its change risk, product approval and review, including project management and follow up.
  • Reviews and is involved with audit and self-identified issues/actions to advise tactical and/or strategic solutions, including incidents, and ensure clearly written (SMART) actions, understood and dates are reasonable and attainable.
  • Reviews procedures to provide suggestions on how to enhance the content with risk and control focus.
  • Reviews consistency across policies, procedures, frameworks, process flows, organizational charts, job descriptions, etc. and pursue updates needed.
  • Supports the standardization of local policies, procedures, process risk and control listing, process flows, job descriptions, etc.
  • Supports internal and external audits and examinations.
  • Actively support the business/functional areas, prior to and during internal audits, as a liaison, including providing guidance to the draft audit report.
  • As a liaison between the stakeholder and internal audit, provide constructive and objective views for alignment in potential misunderstandings.
  • Position does not provide oversight to financial risks, nor prepare business reports/ proposals.
  • Position does not perform responsibilities on behalf of the business such as entitlement reviews or perform control monitoring, but rather provide oversight and advisory services to those items.
  • Position does not write procedures on the business’s behalf, nor perform business owner activities on the business’s behalf.



  • Bachelor’s degree in Business or equivalent degree/experience.

Required employment experience:

  • Overall minimum of 10 years’ experience in risk management, including minimum of 3 years’ experience in internal audit. Strong preference will be made for candidates with internal audit experience.
  • Risk management certification (FRM or equivalent) is highly desirable.
  • Highly proficient in the following:
  • GRC framework
  • Operational risk framework
  • Internal audit framework
  • COSO framework
  • Deep knowledge of risk management, regulatory requirements and industry practices.
  • Deep understanding of end-to-end product/transaction/process workflows
  • Strong knowledge of support processes, including operations, finance and compliance
  • Track record of significant accomplishments in risk management (especially with non-financial risk types) in the financial industry