Operational Risk Job Description

Operational Risk Job Description

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Operational risk provides guidance for project risk assessments, identify opportunities for control optimization and assist with determining the risk and impact to the business’ operational risk profile.

Operational Risk Duties & Responsibilities

To write an effective operational risk job description, begin by listing detailed duties, responsibilities and expectations. We have included operational risk job description templates that you can modify and use.

Sample responsibilities for this position include:

Provide operational risk analytics to business leaders with insight into their key risk areas both on a current basis on a predictive basis
Assist Asset Management staff in implementing the enterprise risk framework (risk identification and analysis, risk metrics, mitigation solutions, risk assessments)
Of this role within the enterprise
Incident reviews, thematic reviews and business reviews as required throughout the year with clear descriptions, recommendations and read across to lessons learnt for all business lines
Input into and participation with change initiatives, remediation projects and issue resolution throughout the region in an operational risk capacity
You will provide analysis of Investment Instruments derivatives (swaps, FX, options, ), Equity, Fixed Income, Fund of Funds
You will be working and interacting closely with Investment Team and Compliance Team in the areas of Investment/Regulatory Risk
There will be a requirement to take primary responsibility for Risk Policies across all entities with responsibility for maintaining and updating these
Carrying out ad hoc Risk projects as required
Control Assurance of the critical controls in MOD

Operational Risk Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Operational Risk

List any licenses or certifications required by the position: CFE, CAMS, CPA, CIA, ISO, CCBA, CBAP, CFA, FRM, NCCO

Education for Operational Risk

Typically a job would require a certain level of education.

Employers hiring for the operational risk job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Accounting, Business, Management, Economics, Education, Business/Administration, Computer Science, Engineering, Graduate

Skills for Operational Risk

Desired skills for operational risk include:

Operational risk concepts
Excel
Regulations
Broad-based business practices
Risk management principles and controls
Deep understanding of segment/function business processes
With the ability to assess levels of adherence/execution and identify risk/control improvement opportunities
SOX and other industry-related regulatory requirements
Testing techniques and data analysis principles
Excel and PowerPoint

Desired experience for operational risk includes:

Maintain balance as both trusted advisor and effective challenger to the business in the discipline of Operational Risk Management
Some stress due the nature of work and reporting deadlines
Ensuring appropriate recovery strategies are in place for the division
10+ years of experience in operations in the asset management, banking or other financial sectors
Of the operational risk program within large
Operational Risk Management is an evolving discipline within the Financial Services industry

Operational Risk Examples

1

Operational Risk Job Description

Job Description Example
Our innovative and growing company is looking for an operational risk. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for operational risk
  • Liaison with Operational Risk with respect to production of Operational Risk Metrics
  • Support Front office/ ShS within the offices in documenting and testing of controls
  • Assist Country COO with Regulatory enquiries
  • Work with Country COO’s to complete Loss incident reviews
  • Partner with Regional management on other adhoc projects/ initiatives
  • Ad-hoc support to the Deputy EMEA COO as required
  • Support WM ORM Head, Programs mandate as part of central resource function for WM ORM
  • Participate in the collection and analysis of data the production of reports on such data
  • Delivering reports for both central and business aligned stakeholders
  • Provide timely and clear interpretation/guidance on new/existing corporate operational risk related policies and business unit procedures
Qualifications for operational risk
  • Support the communication to senior management and the various governance groups the regulatory bodies
  • Good understanding/working knowledge of risk measurement tools/concepts leverage, counterparty risk exposure
  • Effective at working independently in collaboration with others
  • Support and perform more in-depth process reviews as part of the Assurance plan through a combination of documentation review, assessment and validation
  • Performance of all necessary and defined steps that go towards completion of an assurance including but not limited to work paper maintenance, appropriate communications to stakeholders, follow through,    
  • Experience managing a large case load, multiple projects simultaneously
2

Operational Risk Job Description

Job Description Example
Our innovative and growing company is looking for an operational risk. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for operational risk
  • A sound understanding of eTrading operational risks
  • Strong in oral and written communication and stakeholder management skills
  • The ability to understand complex trade flows and understand eTrading related associated risks
  • The ability to manage a number of work streams and deadlines at any one point in time
  • Knowledgeable in Electronic Trading activity including algorithmic trading, high frequency trading, direct marker access, sponsored access and other electronic automated methods to interact with markets (or other kinds of trading facilities)
  • Knowledgeable in Electronic Trading lifecycles including initiation, generation, routing, placement and execution
  • Knowledgeable in Electronic Trading Request For Quote (RFQ) lifecycles, including Client enquiry, routing, pricing, publication, negotiation and execution
  • Knowledgeable in operational risk management frameworks including identification, assessment, reporting and monitoring of operational risk
  • Analytically skilled, with high attention to detail, solid organisational and interpersonal skills
  • Experienced in identifying and gaining support for process improvements and implementing them, where feasible
Qualifications for operational risk
  • Support the communication to senior management within Risk Management department and Business divisions, the various governance groups the regulatory bodies
  • Support the Operational Risk capital process (incl
  • Support the ongoing maintenance and further development of the Group Operational Risk Scenario framework across various jurisdictions (incl
  • 5+ years in a combination of knowledge, skill and background in either operational risk practices, audit or compliance functions, securities operations or businesses in WM
  • 5+ years' experience working in a Risk environment of which 3 must be management of operational risk, policy risk along with compliance
  • Minimum undergraduate qualification in finance, accounting or equivalent
3

Operational Risk Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of operational risk. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for operational risk
  • Able to work independently and in a team environment, prioritising multiple tasks meeting strict deadlines
  • Able to work well and to a high standard under pressure
  • A graduate degree in business and an Institute of Chartered Accountant Australia (CA) or equivalent post graduate qualification
  • Manage the various prod and non-prod environments and manage change protocols
  • Maintain and report on application metrics highlighting usage, defects, database size
  • Key products and services, processes and controls for the designated business
  • Produce and regularly update a Functional Profile for assigned areas
  • Document and execute against a Risk Coverage plan that includes monitor, assess, and test activities
  • Independently monitor and assess the risks and control environment of assigned areas
  • Identify and formulate operational tests for Enterprise Independent Testing (EIT) execution
Qualifications for operational risk
  • Minimum 10 years experience in the financial services industry, preferably in a variety of operational and/or business roles
  • Strong experience with managing business risk and controls (this can be either by way of hands-on business management, experience within Enterprise Operations / C&IS Operations or via relevant risk management roles)
  • Planning and organizational proficiency
  • Develop and manage relationships with 2nd line risk and compliance, other wider business teams
  • Exposure to control environment and processes via External Audit, Operational Risk or Operations experience
  • Very strong communication and relationship management skills
4

Operational Risk Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of operational risk. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for operational risk
  • Assist with Regulatory and Internal Audits
  • Support execution of GRC program assessments – such as performance and maturity assessments, vendor risk assessments
  • Serve as the central point of communication with GRC vendor – managing SLAs, contracts, upgrades
  • Support ad-hoc GRC program activities such as project plan management, meeting coordination, development of business requirements, training efforts, documentation of EDM project deliverables
  • Ensure operational and other risks are assessed, understood and mitigated prior to launch/implementation of all projects
  • Review submissions to the New Business Committee and perform operational risk assessments on new product proposals
  • Review submissions to the Deal Review Council for non-standard services and perform operational risk assessments as required
  • Perform Risk and Control Assessments, Scenario Analysis and analysis of External Events
  • Support the analysis of high impact internal operational risk events including the use of HFACS to evaluate process/control failures and assist with developing action plans appropriate to the event
  • Implement operational risk practices and ERM related policies and procedures
Qualifications for operational risk
  • Maintain quarterly performance statistics
  • Work with Global Sourcing to meet deadlines and maintain data quality
  • Review work produced by Global Sourcing
  • Assist in the development of process improvements
  • Candidate must have exceptional interpersonal and communication skills plus the ability to work independently and as a part of a team
  • Prior risk assessment experience
5

Operational Risk Job Description

Job Description Example
Our company is looking for an operational risk. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for operational risk
  • Prepare and organize material and reports for the Office of Risk and the Risk and Control Committee
  • Provides regular reporting on engagement planning and status, engagement outcomes, tracking of open issues, themes
  • Serves as a subject matter expert in risk assessment, technical research, substantive and control testing, control design best practices, professional/technical writing
  • Help to promote awareness of risk management across the organisation, ensuring that the business sees risk as an “opportunity” “threat”
  • Risk Assessments and Response - including Risk & Control Self Assessments (RCSAs), Business Risk Assessments (BRA), Business Environment Assessment (BEA) and Scenario Analysis
  • Risk Management and Reporting - including Event, Key Risk Indicators, Key Control Testing, Enterprise Risk Management and Action Tracking
  • Embed the operational risk framework – including awareness activities to promote the bank’s risk culture, contributing to non-financial risk reporting, and using iRisk as the centralised risk management system
  • Integrate and coordinate 2nd line cybersecurity operational risk activities
  • Delivers timely execution of a data migration effort for existing RCSA, Issue Management, Key Risk Indicators (“KRI”), event escalation and other Operational Risk Management (“ORM”) programs to a centralized GRC tool
  • Supports ORM program owner(s) with strategic design and implementation of core ORM requirements
Qualifications for operational risk
  • Experience in Sarbanes-Oxley compliance, risk and controls, including governance frameworks such as COSO and COBIT
  • Minimum 3 years' experience relevant experience in Operational Risk
  • Minimum 2.1 in a Business oriented degree
  • Legislation and regulatory knowledge
  • Compliance, Risk, Audit experience
  • Knowledge of financial markets & financial models

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