What are the responsibilities and job description for the Operational Risk Manager position at Bruin?
Leading Financial Services Institution (Banking, Wealth, Broker) seeking an Operational Risk Manager to join their office based team in St Louis, supporting the 'Head Of' in day to day management of Operational Risk for the firm.
Key Responsibilities
• Assess, recommend, develop, and maintain overall Operational Risk Management Framework (ORMF) in line with the Firm's ERM framework.
• Prepare exec level reporting for senior management and the board.
• Develop/support firm approach to various other Ops Risk Areas (e.g. RCSA, Process Risk Assessments, KRIs, Risk Event Capture, Risk Appetite, NPA, etc.).
• Incorporate, on an ongoing basis, feedback received from Enterprise Risk Management, business unit risk teams, senior management, board of directors, to enhance the ORMF components.
• Provide subject matter expertise and guidance on the firm's operational risk framework to ensure that management is aware of the firm's operational risk-taking philosophy, policy, authority
Skills/ Experience Required
- 6-10 years relevant experience in a Risk management or related role.
- Strong and broad knowledge of core Operational Risk Management components and processes, including Risk and Control Self-Assessments, Operational Risk Event reporting and mitigation, Key Risk Indicators, Scenario Analysis, etc
- Must have significant Financial Services experience, preferably in a broking/ capital markets environment.
- Bachelor's Degree in finance, business administration or related field
- Previous experience partnering with 1st line business units
- Experience with Governance, Risk, and Compliance (GRAC) software and knowledge of how Operational Risk Management processes are incorporated into GRAC tools, and are continuously managed through the tools.
- Experience in preparation of presentations for, and presenting in before, large groups across various levels of the Firm.
Salary : $130,000 - $150,000
