Job description
The Operational Risk & Control team works within the global FICC & Derivatives core operations (FDCO) organisation and is responsible for:
- Providing an independent assessment of control and risk issues for senior management
- Working with line management to strengthen the control environment and improve control processes
- Providing an oversight responsibility across regulatory processes
- Control, design, review & control effectiveness testing
- Embedding a risk awareness culture across the organization
- Designing and deploying independent monitoring and escalation functions across the organization
- Acting as a bridge between Operations teams and the Audit function
- Ensuring the control framework is linked as necessary to appropriate laws, rules and regulations
- Detailed investigation, analysis and presentation of operational risk events
- Education of associates through presentations and work shops
- Maintenance and development of control standards, and monitoring of compliance
Responsibilities:
- Chair monthly risk reviews with the line of business you support
- Challenge the line of business on their controls and evidence of control design & effectiveness
- Review and assess all operational events generated by your line of business, identifying thematics where appropriate
- Review/approve the raising & remediation for audit issues (including self-identified)
- Review the Risk self assessment by the line of business
- Proactive Risk Partner for the line of business head (FDCO SLT member)
- Deep dive investigations of significant risk and control issues
- Understand and communicate impact on line of business of all relevant enterprise/regulatory led initiatives
Required Skills:
- Strong collaboration and relationship management skills
- Control mindset
- High sense of urgency with ability to drive results
- Demonstrable evidence of stakeholder management
- Effective multi-tasking and prioritization skills
- Self starter, able to establish relationships and transcend multiple cross-functional/divisional boundaries, largely unaided
- Ability to handle diverse workload and tight schedules
- Strong risk assessment, negotiation and problem resolution skills
- Ability to lead and drive change
- Some experience of Trade support/Operations and/or related support functions, including good understanding of the end to end trade lifecycle and the associated processes within the support functions
- Some experience of operational risk
- Proven ability to apply strategic thinking to multiple, complex organizational and business issues, and has ability to translate into practical plans for project execution
- Excellent verbal and written communication/presentation skills
- Ability to work across business groups and in a team environment
- Project management (typically as part of a wider role)
- Ability to interface across various levels within Trade support, Technology, Operations, Finance and FO
- High proficiency in PowerPoint, Word and Excel
