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Risk Manager

NEW YORK-10008, NY, US
12/05/2016

-

Required Skills

Microsoft Office, CPA

Company

Infinity Consulting Solutions, Inc

Experience

Job Description

Manager, Risk will be the designated back-up for the Head of Risk and will help manage all risk categories as defined by the Bank's Integrated Risk Management Framework and Operational Risk Management Framework.

The position will work closely with the Head of Risk to execute the goals and objectives of the Risk Management group and ensure that objectives are realized.

Facilitating the implementation of operational risk management framework and internal controls.

Identifying and monitoring top material risks and key controls exposures – Conducting risk & controls assessments, analyzing business processes, developing detailed narratives and flowcharts, developing risk & control matrices that support analysis and conclusions.

Providing operational risk reporting and input to the Head of Risk and participating in relevant risk and governance committees.

Continually following up with action plans for areas of improvement and further development / optimization of current risk guidelines, policies and procedures.

Managing and performing risk based Quality Assurance / Providing control assurance – Designing and executing testing program to assess the adequacy and effectiveness of internal controls and business line efforts to strictly adhere to the Bank's policies and procedures, applicable laws and regulatory requirements.

· Overseeing and managing Vendor Management, Risk Issue Management, Incident Management and Business Continuity Planning programs.

Developing effective MIS for all aspects of the Bank's risk program.

ADDITIONAL RESPONSIBILITIES:

Support the Head of Risk in all major risk categories (including credit, market, liquidity, operational, IT, compliance, legal, and regulatory) – identify risks and lead related activities designed to evaluate and enhance the effectiveness of policies, procedures and controls.

Assisting in developing and implementing integrated COSO 2013 framework across the Bank as it applies to the internal control environment.

Preparation of dashboards, KRI, KPI and other metrics reporting exercises.

Assisting in special and on-going projects related to the development of operational risk management program for the Bank.

Assisting in developing and fostering appropriate governance, controls and risk awareness culture.

Assisting in developing operational risk training programs for the Bank.

Other responsibilities as assigned from time to time.

Leadership and Management:

People management and leadership experience.

Promote and embed a risk culture and awareness throughout the Bank.

6. QUALIFICATIONS AND EXPERIENCE

Minimum experience:

· At least 10-15 years of work experience in Operational Risk Management or similar Risk & Internal Controls, and Audit, with a commercial banking / financial industry background.

· Solid background in risk & controls assessments and internal controls is required.

· Understanding of commercial banking products, such as, loans, trade finance / letters of credit, wire transfer, BSA/AML, KYC and OFAC is required.

· Familiarity with other risk types such as Credit, Market, Liquidity, IT, and Information Security desired.

Minimum qualifications:

· Bachelor's degree or equivalent, advanced degree a plus. CPA, CIA certification desired.

· Must possess strong analytical skills to review processes, ensuring risks and controls are properly defined, and that powerful control indicators are implemented to monitor performance efficiently.

· Experience in all aspects of Operational Risk, COSO 2013 framework and in-depth knowledge of banking, BASEL and regulatory requirements.

· Excellent skills in Microsoft Office (Excel, PowerPoint, and Visio) and building process flow maps required.

· Excellent interpersonal and communication skills - both written and verbal; ability to facilitate discussions around complex issues and bring them to resolution.

· Must possess sufficient knowledge of risk & controls and operational risk systems and technology.

· Process management and systems development skills.

· Strong organizational and project management skills; proven ability to collaborate across teams with shared accountability for results.

· Demonstrated ability to establish and maintain credibility with all levels of management, and to promote and cultivate quality throughout the organization.

· Self-starter who actively contributes to team and thrives in a continuously changing environment.