JOB RESPONSIBILITIES:
- Work directly with the lines of business to identify and assess risks, review and challenge risk assessments, provide input over controls and testing, advise on and monitor remediation activities and create reporting, ensuring line of business alignment within the Operational Risk program and framework.
- Responsible for primary execution of Operational Risk oversight and help guide implementation of operational policies and/or procedures to mitigate risk within appetite.
- Responsible for assisting with the ongoing development and implementation of the Major Line of Business, Operational Risk teams strategic plan to accomplish its Annual Operational Risk objectives, to include among others: the development and implementation of Operational risk policies and procedures; assessment, monitoring and testing; establishment of line of business accountability and escalation and reporting processes.
- Responsible for ongoing development and implementation of operational risk management topics, including such things as being the subject matter expert on operational risk activities associated with risks, controls, testing, remediation and reporting.
- Monitor and assess new or amended legal and regulatory requirements as they relate to the Retail Broker Dealer.
- Responsible for proactively anticipating and responding to changes in regulations, rules and/or laws; assessing the impact of any change to the business areas and assisting them in responding to such changes.
- Respond to internal and external audits, exams and requests for information and provide review & challenge of any line of business responses to internal and external audits. Assist in the evaluation of audit and examination findings and implementation of corrective action and needed responses.
- Develop and maintain positive working relationships with internal clients, staff, peers, other risk partners, and senior management.
- Escalates promptly to appropriate senior management or appropriate risk committee any material breaches of applicable laws, rules, policies or standards with actual or potential operational risk impact, and necessary correction action.
- Conducts review and challenge activities and escalation, including independent testing as required.
- Manage 2nd line of defense requirements related to the Governance, Risk & Compliance application and Risk Assessment Processes.