Operational Risk Manager Job Description
Operational risk manager
provides leadership in the planning, development and implementation of operational risk frameworks/measurement methodologies, policies, standards and procedures specific to the needs of the business which are aligned with the Bank's Operational Risk Program.
Operational Risk Manager Duties & Responsibilities
To write an effective operational risk manager job description, begin by listing detailed duties, responsibilities and expectations. We have included operational risk manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Implement and sustain governance protocols for the Group Risk Management - Operational Risk framework, thereby ensuring effective operational risk practices in the organization that meet internal and regulatory requirements
Support of Shared Services OpRisk Committees and meetings
Quality Assurance for the Shared Services Internal control framework and monitoring
Supporting Alignment to Conduct risk framework in Shared Services and cross-firm
Being a source of advice and quality control on the implementation in both the funds management business and across the Group more broadly
Providing training and awareness of key risk management policies
Act as an alternate OR representative for manager at senior governance forums, including
Establish a leadership role during key stages of the RCSA process
Manage multiple portfolios across Global Markets (Markets, Finance, Operations and Equities)
Identify, review and make recommendations on key risks and control issues
Operational Risk Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Operational Risk Manager
List any licenses or certifications required by the position: CRISC, ISACA, PMP, CISM, BCM, COBIT, CISA, ORM, AMA, EORM
Education for Operational Risk Manager
Typically a job would require a certain level of education.
Employers hiring for the operational risk manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Business, Accounting, Management, Economics, Education, Business/Administration, MBA, Financial Services, Graduate
Skills for Operational Risk Manager
Desired skills for operational risk manager include:
Laws
Bank of America's various products and systems
Rules
Equities market structure
Regulatory requirements
Aligned with TD Bank's Operational Risk appetite
& Control Inventory and the ORCIT tool
Audit experience
Company and business unit objectives and strategic project goals in order to deliver the most effective solutions to Customers
Compliance & Operational Risk program
Desired experience for operational risk manager includes:
5+ years of front to back product knowledge in Credit, Muni, Securitized Derivatives products
GCC experience is preferred but not essential, and candidates based in the leading financial markets will be considered
GCC experience is not essential, and candidates based in the leading financial markets will be considered
Liaise with stakeholders to understand driving business performance
Develop annual ORD business objectives / business plan
Provide financial management support and management information / reporting for ORD senior management team to ensure proactive budget management
Operational Risk Manager Examples
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Operational Risk Manager Job Description
Job Description Example
Our company is hiring for an operational risk manager. 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 manager
- Be tasked with not only advising, but further establishing Risk Management methodologies across the Global Banking and Capital Markets business from a 2nd LOD perspective
- Monitor ongoing assurance and testing programs
- Create and deliver Risk management presentations
- Liaise with key stakeholders and regulators and provide Risk & Compliance training
- Build relationships with the business divisions and promote positive Risk culture
- Establish an inventory of risk and controls for the mortgage business 3rd party service providers
- Lead efforts to identify trends and manage key risks in the mortgage business
- Working with client services and relevant operational process owners to maintain a robust incident management process
- RAR’s – engage with business unit managers to analyse and challenge monthly Risk Assessment Reporting
- Project manage the global implementation of revised policies and regulations
Qualifications for operational risk manager
- Act as the 2nd line oversight and independent challenge of Operational Risk Management activities for Enterprise Technology activities and assessments including Cybersecurity, TRMIS, Infrastructure operations, Architecture, Office of the CIO, and Direct Channels Technology
- Work with leadership on complex topics and provide input for tactical and strategic decisions
- Ability to recognize new and emerging issues / risks internally and externally
- Challenge the status quo in an effective manner to drive change
- Working knowledge of risk and control management framework (e.g., COSO, COBIT, Basel, ISO)
- Degree holder in Business Management, Finance or a related discipline
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Operational Risk Manager Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of operational risk manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for operational risk manager
- Global liaison and program manager for firm related audits and risk programs
- Supporting to establish effective internal control processes for all quantitative models and systems
- Ensure model remediations for improved local controls, governance, documentation, preparing models for independent validation, following up with corrective action plans through model owners
- Development of Key Risk Indicators (KRI’s)
- Preparing executive level reporting for senior management, ERM, and the board
- Assist in the development of new corporate policies and corporate standards
- Consult with business unit, senior management, and the board to ensure an integrated methodology application and integration and to share vision, align objectives and achieve goals
- Build collaborative relationships across the firm
- Contribute to the development of new, or enhancement to existing risk management policies and tools
- Lead deep-dive risk based reviews
Qualifications for operational risk manager
- Requires 10 or more years of combined risk management experience that includes 5 or more years of experience working in IT/ecommerce risk management
- Solid understanding of capital market products
- 3-5 years experience working in relevant areas such as internal control/ risk management areas, Audit, Compliance, Actuarial, Technology, Product, Service Delivery, and/or Finance
- Professional certifications (e.g., CPA, CFA, ) are also a plus
- A tertiary degree in Finance or a related area
- Applicants should have a strong third level qualification (degree or similar) in business / finance or related subject
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Operational Risk Manager Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of operational risk manager. 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 manager
- Demonstrate your ability to work pro-actively and autonomously on various tasks concurrently ensuring ultimate priorities are managed
- OpRisk Events
- Coordinating tasks and aligning priorities with broader Program initiatives
- Lead a team and/or direct others
- Managing multiple initiatives and projects simultaneously using strong time management and prioritization skills
- Collaborating cross-functionally with project team members, project customers and key stakeholders to provide strategy, drive influence and value to effectively drive project delivery
- Leading moderate to large complex projects and programs by providing strategic direction and transparency to peers, leadership, and customers
- Understanding customer’s needs of the program in order to drive improvements, revising needs to meet changing requirements
- Leveraging problem solving and influencing skills to ensure all initiatives and projects deliver on intent
- Performing reviews on all program changes, ensuring issues are properly reported to BC Leadership and communicated to business areas
Qualifications for operational risk manager
- Previous experience of monitoring and assurance
- Relevant banking/financial qualifications preferred
- Knowledge and understanding of regulatory expectations for model risk including SR11-7
- Identifies market trends and dynamics and acts on them
- Takes active role in building firm’s business, both internally and externally
- Ability to work well on a team, manage multiple priorities in quick time frame
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Operational Risk Manager Job Description
Job Description Example
Our company is growing rapidly and is looking for an operational risk manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for operational risk manager
- Ensure ORM policies/tools are applied consistently and timely across CBG units
- University degree, coupled with relevant post graduate qualifications
- Investigate and recommend corrections for incidents or events within the operations line
- Ensure the execution and analysis of the Loss Events Data Collection process within the specific operations area
- Maintain a complete risk mapping of operational processes and system maps, which include change management assessments
- Prepares various Management and Committee reports to communicate the effectiveness of operational controls and reports issues and recommendations to mitigate risk/loss
- Review and challenge recommendations received from the business to manage risks back within appetite
- Work through a matrixed environment
- Coordinate annual policy framework improvement
- Lead and co-ordinate the investigations of process events and the preparation of reports
Qualifications for operational risk manager
- Minimum of 3-5 years of relevant risk and control experience (operational risk management, internal/external audit)
- Prior experience working with the financial services industry would be advantageous, particularly within Compliance or another control function
- Exposure and understanding of accounting and finance desirable
- Competent in Word, Excel, PowerPoint and other desktop applications
- Degree level preferred but not essential
- At least 2 years of experience in Business Continuity Management OR at least 2 years of experience in Crisis Management OR at least 2 years of experience in Risk Management
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Operational Risk Manager Job Description
Job Description Example
Our growing company is looking to fill the role of operational risk manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for operational risk manager
- Responsible for maintaining the CRO FLDS intranet and SharePoint
- Close collaboration with CRO FLDS teams to measure, assess and report the level of compliance of CRO with regulations
- Proactively manages and maintains the health of business data elements - both content and metadata
- Ensures AoR achieves standards of data quality and integrity
- Directly manages junior staff and performs human resource management activities, including identifying performance problems and developing plans for remedial action
- Assists in the development and execution of risk and control consulting activities for Supplier Risk in accordance with internal standards, relevant government statutes and regulations
- Establishes strong relationships with senior leaders and related control groups
- Works with business process owners and internal/external auditors to evaluate Supplier Risk control deficiencies, and develop risk-based solutions to address concerns
- Interprets, applies and recommends changes to Supplier Risk policies and procedures
- Uses judgment to provide an overall opinion on the business unit’s control environment and communicates findings to management
Qualifications for operational risk manager
- Knowledge in legal/compliance knowledge will be advantage
- Solid knowledge of modern risk management theory, common practice and overall risk management system including market risk management, credit risk management operational risk management
- Strong proficiency in Microsoft Office Suite (PowerPoint, Excel )
- Bachelor’s or University degree (accounting, finance or economics) or equivalent experience
- Bachelor’s degree in Accounting, Finance, Management, or IT OR 5-7 years of experience required
- Prior experience in a reporting environment, committee support role and/or risk-based analysis role (Experience in an Insurance or Bank environment would be an asset)