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Index Internal Control and Risk Lead
NASDAQ
Rockville, MD, United States
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Group Risk Management partners with businesses as a trusted advisor, facilitating well-informed decisions that support Nasdaq’s strategic objectives. GRM manages and continues to enhance the Enterprise Risk Management, SOX, Internal Control, Business Continuity, Crisis Management, and Corporate Insurance frameworks and programs. These programs facilitate the identification, assessment, monitoring, treatment and reporting of all types of risks Nasdaq faces. GRM team currently sit in New York, Philadelphia, Stockholm, and Vilnius.
The position will report to the Global Head of Sarbanes-Oxley (SOX) and IOSCO (International Organization of Securities Commissions) Program Management Office (PMO) of Nasdaq who is part of the Group Risk Management (GRM) leadership team. The Index Internal Control and Risk Lead is responsible for assisting Nasdaq’s Index business in demonstrating compliance with the IOSCO Benchmarking principles. The Index Internal Control and Risk Lead is a key resource who supports the execution of the IOSCO assessment program including the planning, testing, documentation, and reporting of the effectiveness of IOSCO principles. In addition, this person will assist in the development and execution of Enterprise Risk Management (ERM) tools, practices, and policies to analyze and report risks in the Index business. As such, this role requires a deep understanding and experience with capital markets with a strong background in compliance, risk and internal controls.
At Nasdaq, we are inspired by our unique identity as a brand with global impact in an entrepreneurial environment. We crave high energy and fast paced experiences and are fueled by individual and team accountability. If you are someone who enjoys working in a results-driven and high-performing international culture, and thrive in a creative and dynamic environment, this is the role for you.
As the Index Internal Control and Risk Lead, your responsibilities include:
• Develop and manage an IOSCO compliance internal control framework to ensure the business is able to demonstrate compliance with IOSCO and more broadly the European Benchmarking Regulation. (BMR)
• Lead the identification, design, implementation, and ongoing maintenance and review of controls, related flowcharts, and process narratives.
• Collaborate with Index teams, Internal Audit, External Audit, Legal, Compliance, Technology and management to ensure the timely escalation of identified risk and IOSCO compliance issues.
• Independently review and evaluate the management of IOSCO compliance issues to ensure they are being appropriately evaluated, investigated and resolved.
• Create and manage reporting on all IOSCO compliance issues, trending, and remediation efforts.
• Act as liaison for the control owners with the internal testing team and external auditors; support and advise the process and control owners of IOSCO related matters.
• Partner closely with internal and external audit throughout all components of the IOSCO lifecycle to share information and minimize duplication of effort, where possible.
• Become a subject matter expert on the design and effectiveness of ISOCO Benchmarking Controls.
• Provide guidance and/or training to the process and control owners on use of internal control database application (BWISE).
• Execute project risk assessments or other project support, as required.
• Facilitate Risk and Control Self Assessments (RCSA) and assist risk and control owners with the identification and assessment of key process and system level risks and mitigating controls; ensuring risks and controls are accurately documented.
• Conduct root cause analyses on identified risk incidents and control weaknesses to recommend improvements.
• Ensure Index business compliance with the Business Continuity and Disaster Recovery Policy including the assisting in the development of business continuity plans and crisis management procedures.
• Serve as a risk management subject matter expert for the Index business.
• Aggregate and analyze ERM program data to provide actionable information to Index management.
• Effectively communicate with broader global risk team and partner with peers to ensure consistency of approach and awareness of issues, challenges, and opportunities.
• Monitor the implementation of action plans to remediate documented issues and/or control deficiencies.
• Proactively engage Internal Audit, SOX, Compliance, Information Security, Supplier Risk Management, Business Continuity and other assurance functions to support an integrated approach to risk management.
• Prepare and assist in the development of presentations to the Board, Committees, shareholders, regulators, and clients on matters that relate to Nasdaq Index Operations internal control system.
• Recommend changes to the IOSCO training program to ensure training is timely and tailored to the needs of the company.
Skills, Requirements, and Competencies
• BA/BS in a related field. Advanced degree a plus.
• 10+ years of risk and control experience
• Working knowledge of Index Operations.
• Experience in the financial services industry (capital markets or financial technology), required.
• Excellent interpersonal, oral, and written communication skills.
• Strong problem-solving skills, investigative, and analytical skills including ability to effectively address issues in collaboration with others.
• High attention to detail and accuracy.
• Demonstrated ability to develop trusted working relationships at all levels of the organization.
• Ability to act independently, proactively, and work effectively across business units, functions and regional locations.
• Action and results oriented; ability to drive results, effect change, and have a positive impact on the organization.
• Proven ability to handle multiple projects, prioritize and meet deadlines.
• Strong communication, facilitation, and influencing skills
• Generates energy and commitment
• Advanced Microsoft office skills.
• Ability and willingness to travel.
Nasdaq is an equal opportunity employer. We positively encourage applications from suitably qualified and eligible candidates regardless of age, color, disability, national origin, ancestry, race, religion, gender, sexual orientation, gender identity and/or expression, veteran status, genetic information or any other status protected by applicable law.