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Senior Operational Risk Manager
Vanguard
Malvern, PA, United States
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To provide strategic direction for global risk management programs in the Investment Management Group (IMG) through design and governance of operational risk management strategies. Is responsible for oversight of the IMG Operational Risk function across multiple disciplines for the relevant region.
Duties & Responsibilities:
1. Develops and directs initiatives aimed at improving and implementing global best practice operational risk strategies for the Investment Management Group. Following IMG’s operational risk framework, this includes establishing and supporting the development of strong risk assessment, change management practices, internal risk monitoring and reporting infrastructure, targeted reviews, controls assurance, and external monitoring programs. Ensures the program is compatible with Vanguard’s enterprise risk framework.
2. Provides operational risk management leadership on significant projects impacting IMG to ensure operational controls in line with IMG’s risk appetite are designed into future-state business processes.
3. Provides thought leadership around best practices and new/emerging risks and issues. Represents RMG to internal and external clients at industry forums. Contributes to Vanguard wide management initiatives and strategies.
4. Develops and maintains knowledge of financial markets, securities and general investment themes in order to bring an informed perspective to risk management processes and policies.
5. Identifies leading operational risk indicators through alignment of metrics with risk and controls. Develops and maintains metrics to communicate the status of measures effectively. Provides effective and insightful reports for regional and global stakeholders.
6. Leads and/or participates in special projects and performs other duties as assigned.
Qualifications:
• Undergraduate degree (analytical major such as Business, Finance, Accounting, Economics, Computer Science/Engineering, Math or Statistics preferred) or an equivalent combination of training and experience. Advanced degree preferred.
• Minimum of 8 or more years of related and progressive work experience, including 5 years of related risk management and controls work experience.
• Significant experience in designing, building, and directing an operational risk, compliance, and controls program within a large, word-class financial institution.
• Expert knowledge and experience with complex systems implementations, project management, and IT systems design processes.
• Specialized knowledge across the disciplines related to risks in investment management (e.g., regulatory, counterpart, technology, and fraud risk) with core expertise in operational risk.
• Deep, well rounded understanding of the investment process, operations, technology, audit, and compliance. Should be attuned to the risk and compliance guidelines of the ’40 Act, Dodd-Frank, Sarbanes-Oxley, and other regulatory programs.
• Sound business judgment and ability to apply practical thinking in weighing the potential for risk against risk related investments and decisions.
• Broad strategic and conceptual thinker with a practical orientation and ability to translate complex risk concepts into executable programs and to align risks with business objectives.
• Ability to mobilize, execute, and deliver.
• Strong communication and influence skills, ability to navigate, persuade and build buy-in across a matrix structure.