Operational Risk Manager Operational Risk Manager …

in New York, NY
Permanent, Full time, Flexible
Last application, 19 Jan 22
Competitive salary and bonus
in New York, NY
Permanent, Full time, Flexible
Last application, 19 Jan 22
Competitive salary and bonus
Key role in leading banking group, can be undertaken remotely.


  • Assess, recommend and enhance overall Operational Risk Management Framework
  • Develop key metrics and tools that align to industry practices and ensure effective processes to identify, measure, manage, monitor and report operational risk.
  • Prepare executive level reporting for senior management, ERM, and the board.
  • Develop/support firm approach to other key ORMF components (e.g. RCSA, Process Risk Assessments, KRIs, Risk Event Capture, Risk Appetite, New Product Approval, etc.)
  • Assess, recommend and facilitate approval of the firm’s Operational Risk Policy, and standards that incorporate operational risk limits and tolerances.
  • Create and manage process to gain consensus of Committees and Working Groups regarding the framework, policy and standards.
  • Incorporate, on an ongoing basis, feedback received from Enterprise Risk Management business unit risk teams, senior management, board of directors, to enhance the ORMF components.
  • Provide subject matter expertise and guidance on the firm’s operational risk framework to ensure that management is aware of the firm’s operational risk-taking philosophy, policy, authority structure, procedures and processes.
  • Administration of Operational Risk Management training to personnel across various levels of the Firm, and communication of Operational Risk Management policies and procedures.


  • Ability to work effectively, and communicate efficiently, with first line business unit personnel, including Business Unit Risk Managers (BURMs), and other senior members of various lines of the business.
  • Strong knowledge of core Operational Risk Management components and processes, including Risk and Control Self-Assessments, Operational Risk Event reporting and mitigation, Key Risk Indicators, Scenario Analysis, Emerging Risks, and products and services risk assessments.
  • Ability to maintain detailed and auditable documentation around Operational Risk processes, analysis, and discoveries.
  • Experience with Governance, Risk, and Compliance (GRAC) software and knowledge of how Operational Risk Management processes are incorporated into GRAC tools, and are continuously managed through the tools.
  • Experience in preparation of presentations for, and presenting in before, large groups across various levels of the Firm
  • Bachelor's Degree in finance, business administration, or related field required
  • 6+ years of Risk Management or related experience


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