Operational Risk Controller Job Description

Operational Risk Controller Job Description

157 votes for Operational Risk Controller
Operational risk controller provides subject-matter expertise in risk mitigation strategies and internal controls related to financial institutions SOX processes, controls and testing programs.

Operational Risk Controller Duties & Responsibilities

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

Sample responsibilities for this position include:

Expert knowledge of SOX framework and thorough understanding of Pune SOX processes and key controls
Ensure timely completion of various activities of SOX 404 Beginning of the Year, Operating Effectiveness Test and End of Year sign offs for key controls, process related to SOX in Pune
For in-scope entities and functions, analyze major risks and the control framework leveraging various components of the Operational Risk Framework
For each 2nd Level control contained on the roadmap, conduct an all encompassing review of its design and operating effectiveness
Review, challenge / advise on the robustness of the 1st level controls, on a sample basis
Consolidate and provide an independent risk assessment to functional risk supervisors of the results of the 2nd Level reviews, to include areas for improvement
Consolidate and provide an independent risk assessment to GBIS senior management periodic results of the 2nd Level Control, to include assessment ratings, anomalies and associated Action Plans, and progress updates on all open anomalies and Action Plans
Can be associated or take the lead on 2nd Level Control toolset training sessions
Engagement with relevant stakeholder to ensure timely update of Business Continuity Plan
Supporting HO reporting when required (per HO timeline)

Operational Risk Controller Qualifications

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

Education for Operational Risk Controller

Typically a job would require a certain level of education.

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

Skills for Operational Risk Controller

Desired skills for operational risk controller include:

CIB businesses
External audit requirements
Products and processes
Risk and security standards/methodologies
SOX framework and thorough understanding of Pune SOX processes and key controls
Tools used in the processing chain
AXA Group Internal model tools

Desired experience for operational risk controller includes:

Investigate significant incidents or large operational risk losses to identify and implement lessons learned, mitigating actions
Solid PC skills especially Excel, Word and PowerPoint, comfort with manipulation and presentation of data
Strong analytical skills with high attention to details and accuracy
Able to organize time, multitask, and define priorities (autonomy)
Able to interact with all levels of the organization from operators to executive management members
Minimum 4 years’ experience in operational control/ capital markets operation/ project management / internal control or audit

Operational Risk Controller Examples


Operational Risk Controller Job Description

Job Description Example
Our company is looking to fill the role of operational risk controller. 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 controller
  • With CIB first Line of Defense teams in the Front Office and in Operations
  • Primarily responsible for the leadership and professional development of their SR MOS’s
  • Proactively identifies process gaps and needs, creates efficiencies, and drives change for effective and efficient risk mitigation
  • Partner with stakeholders to develop and/or modify risk mitigation processes and controls
  • Responsible for the development and implementation of audits, reporting, and analysis as necessary to evaluate and mitigate regulatory, contractual, and operational risks
  • Interviewing and selection of candidates for Associate, MOS, and SR MOS positions
  • Provide long term vision for ORC teams and implement a strategy to achieve the vision
  • Ensure and drive program education and training to internal employees
  • Coordinating periodic BCP plan refreshes with all BCP plan business unit coordinators/plan owners to ensure completion by Finance/Firm deadlines
  • Ensuring functional consistency across BCP plans and leading quality assurance reviews
Qualifications for operational risk controller
  • Knowledge & experience of SOX requirements & Accounting
  • BA / BS degree in Business Administration, Management or related area preferred
  • Proven management, leadership, communication, problem solving, conflict management, decision making skills
  • Ability to provide a team oriented environment that is fair, open, honest, humble, and competitive
  • Ability to coach, train and develop SR MOS’s
  • Ability to assess SR MOS performance and identify areas of improvement for the SR MOS

Operational Risk Controller Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of operational risk controller. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for operational risk controller
  • Maintaining Finance Rapid Notification scenarios ensuring they are aligned to the current organizational structure and meet all appropriate crisis management requirements
  • Providing regular BCP training/guidance to Finance Management, BCP Plan BU Coordinators/Plan Owners and Recovery Essential Personnel (REP) on overall BCP planning process and Firm and divisional BCP tools
  • Communicating appropriately to Senior Management, Risk Leads, BCP Plan BU Coordinators/Plan Owners and REPs as necessary in preparation for or during an event (incl
  • Monitoring, assessing and reporting on incidents with the potential to impact Finance processes
  • Liaising with BCM Coverage Officer and Finance Senior Management on a regular basis to provide BCP status on plan refresh, testing, and other BCP matters as necessary including representing Finance at Firm BCP forums as required
  • Completion of BCP Risk Control Self-Assessment (RCSA)
  • Lead and/or participate in BCP Tabletop Exercises/Drills
  • Maintain divisional BCP tools (SharePoint site, BCP Regional Dashboards, BCP refresh guide, BCP Matrix, BCP Testing Instructions, QRCs)
  • Production of monthly BCP reporting metrics for senior management review
  • Sharing best practices with counterparts in EMEA and Asia regions
Qualifications for operational risk controller
  • Strong appreciation of operational risk concepts, with 5+ years of experience in an operational risk or internal audit type role
  • Experience in Banking/Financial services industry is essential
  • Extensive experience of SOX design and operational efficiency testing for ITGC Controls
  • Outstanding analytical skills and proficient in Microsoft applications
  • Outstanding team-player / team leading skills, Problem solving skills
  • University Degree in banking, economics, mathematics, or related engineering or scientific fields with more than 3 years of proven experience

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