New York

Compliance & Operational Risk Manager

Job description          

Job Description: The Compliance and Operational Risk (C&OR) Manager is responsible for engaging in activities to provide independent compliance and operational risk oversight of Front Line Unit (“FLU”) and Control Function (“CF”) performance and any related third party/vendor relationships in alignment with the Global Compliance Enterprise Policy, the Operational Risk Enterprise Policy (collectively “the Policies”) and the Compliance and Operational Risk Management (“CORM”) Program and Standard Operating Procedures (SOPs). The focus of the role will be the newly formed Global Markets Credit unit, under the Wholesale Credit organization. As a member of an FLU or CF C&OR officer team, the C&OR Manager demonstrates and applies business acumen to promote a culture of risk management and the identification, escalation and timely mitigation of compliance and operational risks. This role exercises judgment and influence, and may constructively challenge FLU and CF leaders to support the CORM Program objectives, balancing business strategy with appropriate controls. The C&OR Manager contributes to the requirements in the GCOR Policy aligned to compliance and operational risk officers, including but not limited to the following activities: o Takes an active leadership role in maintaining and communicating regulatory changes, advising and directing business leaders to ensure that regulatory requirements are addressed in their respective process and controls so that their day-to-day activities operate in a compliant manner. o Proactively engages other C&OR officers, Enterprise Areas of Coverage (EAC) roles, and horizontal function roles to provide comprehensive oversight of FLU and CF activities. o Identify, collect, validate and record internal loss events and “near misses.” Perform root cause analyses on internal loss events and develop remediation plans to strengthen controls. o Identify, review and document relevant external loss events. o Conduct compliance and operational risk assessments of FLU and CF, incorporating review of external loss events to assess control effectiveness. o Provides independent review and challenge of the FLU/CF’s Risk & Control Self-Assessment (RCSA). o Leads the efforts and/or contributes to monitoring and testing coverage plans and related metrics for Front Line Unit (“FLU”) or Control Function (“CF”). o Monitor and test the effectiveness of the front line unit and control function compliance and operational risk controls. o Identify aggregate, report and escalate compliance and operational risks, issues and control enhancements. o Contribute to Scenario Analyses to provide a forward-looking estimate of hypothetical operational losses. o Executes and/or provides oversight of governance and management routines. o Identify compliance and operational risk training needs, provide subject matter expertise to support development of training curriculum, and inspect FLU/CF and third party participation. o Provides consultation to business leaders in preparations for regulatory exams and audits for FLU/CF and related Enterprise Areas of Coverage. o Inspect that commitments made regarding actions in response to Matters Requiring Attention (“MRAs”) and other actions are completed. o Escalate regulatory relations concerns to Compliance and Operational Risk Executive. The Compliance and Operational Risk Manager plans, drives and reviews team deliverables to support consistent quality of activities, processes and outputs. This role may contribute as a manager responsible for providing leadership direction to attract, assess, develop, motivate and retain a team, or may act as an individual contributor. Required skills o Minimum Years Business & Functional Experience: 7 Years o Degree Required: Bachelor’s Degree or equivalent experience; o Global Markets financing experience performing credit structuring, underwriting and monitoring activities (Products: ABS, subscription facilities, munis, equities, structured finance, mortgages, etc); or o Compliance or Legal supporting Global Markets financing credit products (including knowledge of applicable laws, rules and regulations); or o Operational Risk supporting Global Markets financing credit products Desired skills o Financial Services or similarly regulated sector o Knowledge of key laws, rules and regulations impacting Global Markets credit activities Shift: 1st shift (United States of America) Hours Per Week: 40
Children's National Medical Center New York jobs

Children's National Medical Center

New York jobs

New York jobs

 New York jobs  New York jobs
Dispatcher
2019-08-21

Now Hiring a Dispatcher in Bellport, NY At First Student, our Dispatchers are a constant reflection of our company’s commitment to safety and customer service. The Dispatcher is responsible for di...

Fire Investigator
2019-08-21

Company Information
Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean secur...

Overview
Maintenance team members assist with ensuring the health and well-being of our residents by providing maintenance support. This position is responsible for ensuring resident and staff ...

To supervise and administer the College’s program of safety and security on an assigned shift and to assist the Department’s Executive Director and Director in the performance of their duties. To ...

The Benefit Boutique Proprietor is responsible for all aspects of running the Boutique business. They are required to use all resources and tools to create the best atmosphere for our customers and...

Children's National Medical Center New York jobs

Children's National Medical Center (New York jobs)

 Jobs in organization(state)

Job Description: At Bank of America, we’re guided by a common purpose to help make financial lives better by connecting clients and communities to the resources they need to be successful. Make a d...

Full Time Dutcher’s Inc. is a growing business that is looking for a motivated individual to join our team of dedicated employees! The responsibilities of an automotive dismantler include but are ...

Job Description: The proposed Business Finance and Controller ('BFC') role will support daily control functions within the Global Mortgages and Securitized Products (GMSP) Trading space. Product co...

Job Description: The Regulatory Engagement & Exam Management Specialist supports exam managers who hold primary accountability for the examination execution and provide guidance to FLUs/CCFs on exa...

Client Associate
2019-08-21

Job Description: Client Business Overview Merrill Lynch Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, a...