Operations Risk Control Job Description

Operations Risk Control Job Description

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Operations risk control provides advice, support and guidance to HRS Operations in the identification, implementation and adherence to, processes, practices, controls of Records Management / Risk Event process.

Operations Risk Control Duties & Responsibilities

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

Sample responsibilities for this position include:

Participation in project work to develop and improve system architecture
Support Business Analysis team delivering strategic projects to improve the regulatory reporting infrastructure, completing
Working with senior stakeholders in the project space across relevant business functions to deliver the team’s global projects
Create and maintain project plan for the delivery of key Control and Regulatory requirements
Collaborate with the Business Analysts on test plan development, design test strategy and manage the UAT process
Management of regulatory breaches maintaining of a log, ensuring breaches & actions logged in incident tool RECAP, tracking actions through to remediation and ensuring training demand fed into education plan in RADAR
Liaise with senior stakeholders in the Operations, Finance and Technology
Work with operations and technology partners to define the functional and technical design to support business processing requirements
Acting as reference data consultant to various project managers tasked with Firm-wide initiatives and participating in Account Usage Steering Committee or any other relevant Committees as needed
Manage projects, programs or portfolios of projects related to risk tools and capabilities

Operations Risk Control Qualifications

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

Licensing or Certifications for Operations Risk Control

List any licenses or certifications required by the position: BCSI, SSAE16, CTB

Education for Operations Risk Control

Typically a job would require a certain level of education.

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

Skills for Operations Risk Control

Desired skills for operations risk control include:

Global Custody
Process and regulatory environment would be well regarded
Operational risk concepts
SOX and other industry-related regulatory requirements
Broad-based business practices
Deep understanding of segment/function business processes
Risk management principles and controls
With the ability to assess levels of adherence/execution and identify risk/control improvement opportunities
Accounting and basic terminologies used in the financial services sector
Financial services operations and the securities markets

Desired experience for operations risk control includes:

Handle business travel
Handle executive mail
Navigate firm
At least two or more years of work experience with solid understanding of the Equities, Derivatives and Fixed Income industry and products
Developing control frameworks that will quantitatively analyze integrity of information flowing
Demonstrated team working skills excellent communication skills

Operations Risk Control Examples

1

Operations Risk Control Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of operations risk control. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for operations risk control
  • Partner with process owners, team leaders, supervisors and managers to ensure alignment of scoring expectations
  • Ensuring all the daily Client Money calculations are carried out according to FCA regulations and in a timely manner, working with Operations, Treasury, IT and Compliance
  • In addition to the above daily processes, the team is responsible for the production of the month end reporting for Client Money and on-going program of process improvements and regulatory, systems and ad hoc changes
  • Ensure thorough preparation for all meetings - this requires proactively requesting all materials in advance of meetings
  • Deliver Quarterly Forecasts and annual Budgets
  • Support ORC management and provide analysis on Financials and Headcount
  • Maintaining stakeholder relationship with functional lines and external parties (Firm ORD, TIR, IAD, Compliance )
  • Proactively identify control gaps and assist in remediating
  • Assist in promoting risk culture through regular communication and sharing, risk identification and assessment, training, metrics and reporting, audit/ inspection coordination
  • Manage and build out a global RCSA team
Qualifications for operations risk control
  • This role has no line management responsibility, but the successful candidate will need to manage the large user group of the key AQUA system in order to get the answers needed to complete the daily functions
  • The successful candidate will be a team player who works well face to face and remotely
  • US Regulatory/Compliance experience (e.g., 15c3-1, 15c3-3)
  • Knowledge of FINRA, NASD, NYSE and SEC Rules and Regulations
  • Bachelors degree and a minimum 7 years Operational Risk Management experience, including program and strategy development
  • Experience building and executing RCSA programs
2

Operations Risk Control Job Description

Job Description Example
Our innovative and growing company is hiring for an operations risk control. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for operations risk control
  • Communicate with business partners and management regarding progress and recommendations/decisions
  • Coordinate the periodic Risk and Control Self Assessments (RCSA) testing performed in the businesses and assist with documentation, defining appropriate testing methodologies, and approvals
  • Evaluate the accuracy and completeness of the RCSA and liaise with Oversight and Control to ensure changes to the control environment are implemented timely
  • Input and maintain RCSA information in Phoenix
  • Monitor issues and action plans to ensure sufficient execution by the business
  • Assist the business with preparation, monitoring and reporting for Audit, Compliance and Regulatory examinations
  • Provide oversight and consultation to the business on potential issues that arise with operations management, risk, compliance and products as necessary
  • Interface with various internal partners including Operational Risk, Credit Risk, Audit, Controllers, Product Risk and Controls, Compliance and Legal as necessary
  • Internal and External Authorized Approvers – Maintain Internal and External Authorized Approver Lists on behalf of Americas Operations, in compliance with the Funds/Asset Transfer Policy
  • As necessary, assist with execution of required Sarbanes-Oxley testing
Qualifications for operations risk control
  • Treasury Service Cash product knowledge, location and language (including Chinese) expertise a plus
  • Flexible with overtime as needed, hours may change depending on business needs
  • Strong analytical skills, ability to extract key information and pre-empt management questions on the data presented
  • Inclusive of Change Control - new metrics, organization changes, deletion of metrics
  • Central Point to liaise with RAM team Developers
  • Series 99 license required within 120 days of hire
3

Operations Risk Control Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of operations risk control. 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 operations risk control
  • Partner with WLO management team, CB Controls and other partners to develop risk management strategy and implement related efforts for the function
  • Oversees analytical function for team and manages ongoing analysis and development of forensic analysis
  • Deliver consistent best in class operational risk analytics
  • Maintain the WLO Process, Risk and Controls strategy and approach for continuous improvement and evolution of controls and risk management
  • Serve as a key contact for new risk and control efforts
  • Works across team and in collaboration with external key stakeholders to execute process risk reviews to identify risks and assess related controls to ensure the adequacy of the control environment
  • Gathering and updating documentation and information required by the Central Risk group
  • Assisting in ongoing risk projects, including maintaining status and follow up items
  • Preparing meeting documents and management reports
  • Assisting with ongoing audits
Qualifications for operations risk control
  • A Master’s degree or overseas equivalent in a discipline related to financial services
  • Experience with operational risk disciplines
  • Bachelors degree and 13+years Operational Risk Management experience, including program and strategy development
  • 5 years' experience in Operational Risk / Audit / Controls within Financial Services
  • Familiarity with Consumer Banking Operations and/or Wealth Operations will be an advantage
  • Computer literate, with a good understanding of Microsoft Powerpoint, Excel and Word
4

Operations Risk Control Job Description

Job Description Example
Our company is looking for an operations risk control. 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 operations risk control
  • Provide support to business partners for internal audits and compliance reviews, including tracking, planning, pre-audit review coordination, and interfacing with examiners
  • Own efforts related to ongoing or ad hoc control initiatives
  • Oversee the deep dives around the account opening processes to determine the reporting requirements gaps
  • Accountable for supporting the development of an overall build plan and will own direct engagement with Technology partners
  • Manage the standardization effort around the different reporting teams across the regions
  • Design tactical reports while building the pipeline for strategic reporting enhancements
  • Partner with the broader Client Onboarding MIS team in developing a holistic MIS package covering both KYC and Account Opening processes
  • Accountable for meeting all OFAC standards across a minimum of three sites
  • Attract and develop talent
  • Partner with CAO Ops stakeholders, Oversight and Controls, and Firm subject matter experts
Qualifications for operations risk control
  • Experience of working in a vendor setup will be added advantage however not necessary
  • Investigate and resolve the exceptions to identify the correct position and balance of Client Asset held by MSMS
  • Understand the requirement on regulatory reports on Client Asset, prepare the report and submit in time
  • Create or update the procedure manuals
  • Escalate/report and mitigate risks associated with Client Asset Protection process
  • Set the Governance on Japan Client Asset Protection, and ensure the procedures owned by all teams are in compliant with the Japan regulation Firm’s policy and procedure
5

Operations Risk Control Job Description

Job Description Example
Our innovative and growing company is hiring for an operations risk control. 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 operations risk control
  • Participate in all aspects of the RCSA assessment lifecycle including but not limited to planning, substantiation/controls testing and issue/action plan reporting
  • Partner with global and regional teams and stakeholders to deliver on the controls program office work streams (IAS, SLA, User Tools, Training, Business Resiliency, Change Management )
  • Ensure regular updates on key control issues are communicated to the regional and global stakeholders
  • Understand and comply with regional and regulatory requirements pertaining to CAO Operations
  • Maintain ongoing positive relationships with management throughout the organization
  • Manage multiple intra-day cutoffs to ensure asset transfer requests are approved prior to applicable market deadlines
  • Showcase your attention to detail by conducting funding and risk analysis for high risk asset transfers and performing regulatory and risk related exception processing
  • Monitor exceptions to identify trading activity requiring regulatory extensions and demonstrate a sense of urgency while working with internal teams to file by deadlines
  • Use your inquisitive mindset to identify control weaknesses and inefficiencies, and participate in change management process for system enhancements
  • Follow the procedure manual and create the regulatory reports accurately and timely
Qualifications for operations risk control
  • Experience in technology related project
  • Use of Microsoft Office suite, particularly excel and outlook (Intermediate level
  • CPA, CIA, CFE, CISA, or FRM preferred
  • 3+ years public accounting, internal audit, risk management, or internal control experience with comprehensive know ledge of process analysis and control design techniques preferred
  • TBSM/Capital markets knowledge, operational risk management experience and an understanding of the TDBG’s Operational Risk Framework would be considered assets
  • The role of Control Officer is aligned to the asset class / business line and forms part of a GM Operations Control Office function

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