Engineering - New York - Associate, Risk Governance - 10427763

About the role

Associate, Risk Governance responsible for identifying, analyzing, and monitoring areas of risk as it pertains to business processes and controls. Determine, negotiate, and agree on firm and business quality procedures, standards, and specifications. Assess business requirements and ensure they are met while acting as a catalyst for change and improvement in performance and quality. Monitor performance and ensure appropriate oversight for the risk profile of the aligned segment.

Responsibilities

• Establish effective supervisory structures and appropriate segment governance forums, including divisional operational risk and resilience councils (ORRCs).
• Attend regular risk meetings to review exceptions across business units, ask probing questions to establish potential market, client, and other risks within aligned workflows.
• Identify risks within the operational risk profile of the segment, including emerging risks.
• Share risk best practices across teams and functions, ensuring effective controls are in place to mitigate risks.
• Assess Inherent Risks (IRs) and Residual Risks (RRs) to ensure Risk and Control Self-Assessment (RCSA) accurately reflects the current risk environment and quality of operational controls.
• Define thematic RCSA issues to structure remediation plans for significant open risks or control deficiencies and aid in executing Control Assurance requirements for in-scope controls.
• Socialize lessons learned to improve the risk and control framework.

Requirements

• Master’s degree (U.S. or foreign equivalent) in Economics, Finance, Computer Science, or a related field and one (1) year of experience in the job offered or a related role, or
• Bachelor’s degree (U.S. or foreign equivalent) in Economics, Finance, Computer Science, or a related field and two (2) years of experience in the job offered or a related role.

Qualifications

Prior experience must include:

• Performing statistically driven analysis using various data analytical techniques to identify trends and propose process enhancements.
• Creating, developing, and enhancing probabilistic and deterministic financial models.
• Visualizing complex data analyses from raw data in risk management reports using tools such as Tableau, and communicating results to a wide variety of audiences.
• Leveraging analytics and automation experience to propose effective and efficient methods for enhancing testing and sampling strategies to ensure effective risk detection and analyses.
• Developing processes and tools to identify and monitor data accuracy.

Pay

Annual base salary for this New York, New York-based position is $136,000 - $154,400.