What are the responsibilities and job description for the VP, Operational Risk - RCSA position at Madison-Davis, LLC?
Office Status: Hybrid
• Support bank-wide coordination of the RCSA process in close collaboration with FLUs to ensure consistency with sound risk management standards and internal policy and procedures
• Execute the following operational risk management activities: Risk and controls assessment, Process library management, Risk and controls taxonomy, Controls testing, Issues management, Risk analytics
• Maintain all associated process documentation (managed by FLUs), risk taxonomies, policies and procedures
• Execute testing programs and QA all associated documentation
• Ensure the effective implementation of the Branch’s operational risk programs through training, awareness and monitoring
• Promote sound operational risk culture across the Branch by supporting and providing oversight to the first line of defense through various operational risk management programs
• Review and challenge risk assessments conducted by both FLUs and IRM
• Ensure a timely and efficient remediation plan is developed for operational risk management framework issues, and oversee the implementation of rectification
• Support all ad hoc tasks as they arise
Salary : $150,000 - $180,000
