VP, Operations & Finance Operational Risk Coverage Lead

Primary Responsibilities

• Partner with Wealth Management (WM) Operations and Finance, and serve as the second line subject matter expert for Operations and Finance operational risk matters
• Play an active role in the oversight of key Operations and Finance initiatives through direct engagement with functional stakeholders and participation in relevant committees and working groups
• Cook up coverage of Operations and Finance-led strategic initiatives across ORD WM Coverage, cross-divisional Operational Risk Coverage (e.g., Fraud, Cybersecurity, Technology, Information Security, Third Party), and Compliance to ensure an integrated 2nd Line approach
• Advises on Operations and Finance related process and control design as well as remediation efforts; oversees and monitors losses and impacts related to WM's Operations and Finance functions
• Assess operational risk impacts of the Operations and Finance functions via non-financial risk assessments, incident reporting, capital requirements, etc.
• Perform Deep Dives, Targeted Risk Assessments, and Lessons Learned exercises on material operational risk events (internal and external) and analyses of thematic operational risks
• Drive a no surprises approach in ensuring that operational risks are well known and understood

Qualifications

• 5+ years of work experience in Operations, Finance, Audit, Compliance, or Risk Management
• A strong understanding of Operations and Finance processes including corporate actions, clearing, settlement, books and records, CAT / TRACE / MSRB reporting, as well as associated rules and regulations
• An understanding of operational risk management concepts (e.g., RCSA/NFRA, Issues identification and remediation, operational loss events)
• A self-starter with the ability to independently formulate and execute new ideas, and to critically evaluate risks
• Able to communicate and organize effectively, multitask, and prioritize; able to work under pressure and tight deadlines
• A demonstrated ability to collaborate across multiple functional areas while maintaining suitable independence and effective challenge
• A Bachelor's degree or equivalent