What are the responsibilities and job description for the Markets Operational Risk and Controls - Third Party Risk position at WSN?
Overview:
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 minimise 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:
• SME level experience in risk management with a focus on Operations risk and controls (e.g. Margin, Settlements, Middle Office, Reconciliations, Trade Booking).
• Excellent leadership, ownership, accountability, and delivery skills.
• Proven track record of ability to recognise the issue and process weaknesses.
• Proven track record ability to take a lead and drive control enhancements within Operations/Middle Office .
• Strong ability to perform targeted "deep-dive” assessments.
• Comprehensive understanding of control design and ability to independently perform controls effectiveness assessment.
• Experience in project management implementation.
• Exceptional organizational and time management skills.
Qualifications:
• Bachelor's/University degree or equivalent experience
Others:
10 Months Initial contract, POSSIBLE EXTENSION/CONVERSION
Tampa- HYBRID, 2X ONSITE
Salary : $82 - $93