Market Job Description
Specific Responsibilities :
Performs and manages Front Line Responsibilities for the Regional International Business Process Management (BPM) / Integrated Process Risk and Control (IPRC) programs as follows :
Provides input into the business process risk ranking effort to determine whether a process is high, moderate or low ranking.
Identifies and documents risks, controls and self-assurance activities associated with local business processes.
Executes Risk and Control Self-Assessments (RCSA) to satisfy Enterprise and Regulatory requirements.
Delivers Line of Business (LoB) Risk and Control Self-Assessments (RCSA), and Legal Entity (LE) Risk and Control Self-Assessments, which includes the aggregation of individual RCSA results.
Remediates RCSA quality assurance and IRM credible challenge findings.
Ensures that control gaps and improvement opportunities identified during the IPRC exercise are routed to the appropriate issues management routines
Collaborates with the Business, Business Process Subject Matter Experts (SMEs), International Compliance, International Operational Risk, and the Integrated Business Process Risk and Control teams to deliver RCSA program requirements.
Other Responsibilities also include :
Consults and provides guidance on the development, implementation, and monitoring of moderately complex business-specific processes to identify, assess, and mitigate risk.
Identifies, assesses and aggregates risks. Escalates risks where necessary if risk boundaries or limits are triggered.
Serves as liaison between Independent Risk Management (IRM) and a Front Line business groups and provides support in the interpretation of policy, guidelines, and governance programs.
Designs and implements risk mitigation strategies and controls that effectively mitigate risks and appropriately address requirements of applicable statutes, regulations, and risk governance documents.
Develops and implements risk monitoring and risk reporting processes that align with company-wide risk programs. Monitors and reports on its risk concentration, current and emerging risk, and risk appetite.
Aggregates the results of its monitoring efforts (as part of its self-assurance activities reporting routines), evaluates findings, reports on results and escalates where necessary.
Designs and executes a control effectiveness assurance program for Front Line-owned controls.
Market Skills and Certifications
5+ years of experience in risk (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or 5+ years financial services industry experience, of which 3+ years must include direct experience in risk.
Desired Qualifications :
Knowledge of Business Process Management (BPM)
Experience with Risk and Control Self Assessments (RCSA)
Proven experience designing, developing, implementing and maintaining effective risk management programs, especially risk controls, within a large complex financial services company.
Knowledge of global banking regulatory / supervisory frameworks.
Ability to manage and / or collaborate with geographically dispersed teams, matrixed relationships and interact with all levels of an organization
Must be a proactive self-starter who values personal accountability and thrives under pressure in a fast-paced and demanding environment.
Ability to analyze data and make connections across various data sets to make recommendations to management and project teams in a timely manner.
Ability to leverage creative thinking and problem solving skills to facilitate decisions and to ensure project outcomes result in expected business value.
Ability to exercise independent judgment to identify and resolve problems
Ability to articulate complex concepts in a clear manner
Ability to escalate issues
Ability to meet stringent deadlines
Advanced Microsoft Office skills
Excellent verbal, written, and interpersonal communication skill
Solid conflict management and decision making skills
Strong analytical skills with high attention to detail and accuracy