05th January, 2023
Job : Director, Operational Risk
Location(s): Newark, DE or Dulles, VA
The Director, Operational Risk, is a member of the Operational Risk Management (ORM) team and partof the broader second line-of-defense Risk Management organization. The Director will report tothe Senior Director of ORM and be responsible for supporting the development, implementation,enhancement, and ongoing monitoring of various ORM Framework programs, including IssuesManagement, Operational Risk Event Analysis & Reporting, non-Financial Risk Internal Control Testing,and Risk Control Self Assessment (RCSA).
In doing this work, the Director will be required to form an enterprise-wide perspective on the holistic integration of the ORM Framework providing consultative support for and effective challenge to business partners and first line-of-defense (1LoD) Control functions. Additionally, the Director will collaborate with other Risk Management disciplines and Internal Audit. Responsibilities include:
Supports the remainder of the ORM team, ensuring the effectiveness of the ORM Framework
Navigates various business and risk management data sources to develop reporting for reporting and supports analysis
Aides in the identification of trends arising from Issues, Operational Risk Events, and other key risk /performance indicators
Provides ad hoc research and analysis, project support for enterprise and operational risk, clients, products and business practices.
Delivers independent assessments and effective challenge of new products, processes, vendors, etc.
Maintains Company Documents, tools and methodologies, e.g. Policies, Standards, and Procedures, ensuring a well defined and Audit-ready posture Minimum education, skills, and experience required:
Bachelor's Degree in a related field such as Finance, Economics, Business Administration and/or equivalent relevant work experience.
7+ years of progressive experience in audit, legal, operational risk management or related fields; preference placed on prior Operational or Enterprise Risk Management experience.
Extensive experience in development and maintenance of risk management policies, procedures and risk assessment processes to enable providing actionable insights related to the effectiveness of the current enterprise or internal control framework;
A strong process orientation to enable a critical assessment of business process and procedure to identify potential risks and remediation;
Strong knowledge of the external regulatory environment and the particular requirements for operating as a regulated banking entity; and
Ability to develop and maintain effective partnerships with internal and external business contacts
Demonstrated ability and willingness to challenge and influence business and risk partners;
Ability to perform research regarding unfamiliar and complex topics and synthesize into recommendations
Excellent oral and written communications skills with the ability to present complex data in a clear, concise, user-friendly format to all levels of audience.
Proficient in Microsoft applications
- Business Administration
- Business Ethics
- Business Processes