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Bilingual

Operational Risk Associate

  • New York

  • $

    70,000 Per Year

  • Permanent

Reference: 37450

Business Sector: ERP & CRM

Description

Job Title: Junior Operational Risk Manager
Terms: Direct Hire, Salaried
Work Location: 4 days onsite in NYC, 1 day remote
Job Summary:
The purpose of this role is to assist the senior Operational Risk Manager with the implementation of the Operational Risk Management Framework within the Branch including identifying and mitigating operational risks and monitoring and assessing effectiveness of the branch’s operational controls on a regular basis.
Job Responsibilities:
  • Update operational risk procedures to ensure that the procedure reflects best practice
  • Aggregate and analyze risk events reported by the business units and performing root cause analyses on identified risk events to recommend improvements to prevent these risk events from re-occurring
  • Assist in organizing a regular branch-wide operational risk control self-assessment and performing analysis on the results and making mitigating recommendations
  • Monitor the implementation of key operational risk indicators and analyzing identified trends in the key risk indicators reported to Risk Management
  • Assist in coordinating risk management activities in connection to initiation, development, approval and post-evaluation of new, modified and expanded products and services
  • Assist in coordinating branch-wide Risk Assessment ("RA") and conducting Risk Assessment ("RA"), and preparing related reports
  • Complete other tasks and projects as assigned by Department Head and senior staff in the team
  • Provide backup coverage in other risk areas if needed
  • Successfully complete the branch’s mandatory annual BSA/AML and OFAC training
Job Requirements:
  • Bachelor’s degree or equivalent in Finance, Economics
  • Knowledge of general operational risk & control practices and disciplines preferred.
  • Strong analytical skills especially with regards to understanding business risk, processes, procedures and operational controls
  • Excellent writing and communication skills
  • High attention to details
  • Team player
  • Bilingual in English/Mandarin required for communication with Head Office in China
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Consultant

Ashley Allen