What are the responsibilities and job description for the Markets Operational Risk Manager – Third Party Risk position at Mindlance?
Job Title : Markets Operational Risk and Controls - Third Party Risk
Location : Tampa, FL (Hybrid)
Duration : 10 Months (Possibility of Extension / Conversion)
Job Description :
The Markets Operational Risk and Controls (Operations & Middle Office) – Third Party Risk is a group within Markets responsible for providing front to back connectivity with support functions in proactively developing and implementing solutions to control and monitor third-party risk activities to ensure they operate within risk appetite. The team establishes and maintains a robust 1st Line of Defense control environment and culture to minimize operational risk within the business. The objective of the group is to manage Market’s exposure to third-party risks within the business functions related to overall Risk Appetite, Governance, and Accountability.
This role will be to support the team’s transition of high-risk third parties to a new risk framework and create supporting documentation, procedures, process flows and oversight materials.
The successful candidate will require a comprehensive and wide-ranging understanding of Risk Management protocols and expertise within multiple areas of Operations / Middle Office functions and how they interact to achieve the objectives of the function. The candidate must possess a complete appreciation of how the introduction of new and / or changes to existing regulations, processes, systems, controls and infrastructure may impact the business. The candidate is required to be familiar with Risk & Control compliance requirements for a global Markets business and able to provide advanced judgement / conduct in-depth quantitative and qualitative analysis to solve problems and develop new, innovative solutions.
Key responsibilities :
- Responsible for effective partnership with key stakeholders to continuously enhance (design, implement, and deliver) third party processes within Markets
- Provide solutions to minimize manual touch points arising from third party business activity
- Responsible for delivery of a small- and large-scale risk programs and workstreams.
- SME level support in assessing End to End Risks and Controls design to determine gaps in third party risk management
- Identify control weaknesses & gaps, report results, raise Issues (as needed) and track to resolution whilst aiming for automation of enhanced controls, where appropriate
- Responsible for quality of reports including issues, overall control enhancements and action plans in collaboration with key business stakeholders including Markets Management, Operations, ORM and ICRM as appropriate
- Responsible for completing tasks within broader projects to agreed timescales, whilst keeping stakeholders up to date on progress and escalating any challenges
Knowledge, Experience & Skills :
Qualifications :
EEO :
Mindlance is an Equal Opportunity Employer and does not discriminate in employment on the basis of – Minority / Gender / Disability / Religion / LGBTQI / Age / Veterans.”
