Senior Manager, U.S. Operational Risk Management

Salary Range: -

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The candidate will be responsible for implementing and ongoing execution of the U.S. Operational Risk Management Framework. The framework encompasses the key components of Enterprise Risk Management, including, but not limited to, Risk and Control Self Assessments (“RCSAs”), New Initiatives, Risk identification, Operational Risk Events, Key Risk Indicators (“KRIs”), Scenario planning, and ongoing reporting and monitoring. The candidate will also be responsible for overseeing and monitoring operational risk elements and other requirements and may be aligned to a specific business such as Fixed income, corporate and investment banking, and other corporate function.

As such, working knowledge of specific processes is desirable.

• The Operational Risk Senior Manager is accountable for management of complex and large disciplinary areas which requires comprehensive understanding of multiple areas and how they interact. Applies in-depth understanding of business impacts to help manage operational risks.
• As a member of the second line of defense for Operational in the U.S., the candidate will be responsible for providing strategic leadership and oversight of the bank’s operational risk management framework. The role involves collaborating with senior management to ensure effective risk management across all business units and corporate and support functions.
• The incumbent will be responsible for oversight of RCSA execution, support the Key Risk Indicators management, Issues Management, Operational Risk Events, New Initiatives, and providing support and guidance to the first line to manage operational risks. The senior manager will collaborate closely with the team's Director to identify and execute areas of improvement to strengthen the 2nd Line Operational Risk coverage.
• As the function evolves, the scope may expand to include other activities such as third party risk, IT and Cyber Risk or other key corporate functions.

• Lead the development and implementation of Operational Risk Management Framework (ORMF).
• Challenge U.S. new products and services risk assessments.
• Provide support for the timely escalation of review findings and reporting on status of remediation. This includes accountability of reporting to senior management, committees on Operational Risk.
• Collaborate with U.S. Businesses and support groups on Key Risk Indicators. Ensure appropriate KRI owners are identified and provide timely information. Partner with the Director on changing the ORM role in KRI management.
• Conduct risk assessments and scenario analysis to identify emerging risks and vulnerabilities. Assess the current scenario analysis program and implement changes to strengthen the process.
• Foster a strong risk culture across the organization through training and awareness programs.
• Support the Director with special projects, continuous improvement initiatives and ad hoc reporting.

• Cross-functional and product understanding of Capital Markets including Corporate and Investment Banking, Fixed Income, Derivatives and Markets.
• Proven leadership and management skills with the ability to influence and collaborate with senior stakeholders.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong communication and presentation skills. Able to distill complex concepts into clear, concise, and easily understandable communication for diverse audiences.

• A minimum of 10+ years’ experience working in an enterprise risk, role at a financial institution.
• Working knowledge of Capital Markets and current regulatory environment in the Financial Services industry.
• A university degree in business, related field, or equivalent experience. Advanced degree preferred.
• Strong communications, analytical, organizational, and project management skills.
• Ability to communicate clearly and…