SSUSA Job #1071: OPERATIONAL RISK MANAGER & COORD

Description:

Key Responsibilities:
To perform the role of Local Operational Risk Manager for OPC in the US
 
OPERATIONAL PROCESS & INDEPENDENT CONTROLS

• Work with line management to define level 1 controls and ensure both full coverage and consistency across the U.S. Operational units and globally
• Ensure that the level 1 controls are properly recorded in COSMOS
• Ensure both level 1 and level 2.1 functions are being properly executed for all controls
• To monitor and report on any weaknesses (coverage, execution, results in the internal control system)
• Execute level 2.2 controls/spot checks
• Perform Control Testing

 
MANAGEMENT AND COORDINATION
To supervise self-assessment exercises and develop Operational Risk Control culture within the respective platforms; and to promote Operational Risk Management best practice   

• To ensure the effectiveness and consistency of the existing control through:
• Risk Control Self-Assessment (RCSA)
• Identification of risks events to activities
• Inventory of controls in place and proper mapping to risks
• Mapping of operational risks, classification by degree of importance
• Mapping procedures covering all risks
• Action plan whenever weaknesses are identified and to reduce operational risks
• To analyze and investigate operational incidents reported, challenge action plans proposed by OPC operational teams and follow the implementation of actions plans
• To adapt the control plan depending on changes in the controlled environment in terms of organization, internal rules, regulation, etc.:
• Organization: procedures aligned with COSMOS controls, committees, etc.
• Methodology: self-assessment, control plan, reporting
• To control and monitor the actual up-date and accuracy of:
• Data relating to the platform to be reported to OLIMPIA
• Documents recorded in OLIMPIA: loss reporting and incident reporting.
• Mapping in relation to HO guidelines
• Response to internal and external audits; follow-up of recommendations
• To participate in the Internal Control Committee held by RPC ORM:
• To provide inputs for the meetings and work in close coordination with RPC ORM on some specific topics
• To define and follow key risks indicators

 
REPORTING TASKS

• Draft and update the reference documentation describing the Internal Control set-up for Operations in the U.S.
• Ensure operational incidents are properly reported; coordinate the relevant stakeholders for the production of incident reports related to any significant operational dysfunction with the adequate level of analysis and action plans
• Monitor significant trends in operational risks, through a management report including key risk indicators (KRI), key performance indicators (KPI) and dashboard
• Set up a detailed plan and carry our periodical spot checks as defined by OPC ORM HO / Platform Heads / other relevant stakeholders if any

 Qualifications

• Experience with Risk Control
• Good knowledge of products processed by OPC and of the post-trade environment
• Ability to work independently and with various kinds of interlocutors
• Good analytical, organizational and interpersonal skills
• Need to be very rigorous in terms of analyzing and reporting
• Excellent sense of urgency and prioritization; able to challenge OPC managers’ analysis
• Good communication.
• Versatile with PC tools and applications; MS Office, Advanced Excel, Visual Basic, Jira Cloud.
• English speaking, reading and writing. French is a plus
• 5-10 years of experience.

SEND YOUR RESUME TO CLIFF@SSUSA.COM

 MENTION JOB 1071 IN THE SUBJECT BOX