Operational Risk Specialist

Hybrid - 2 days in the office (Tuesday/Wednesday) 3 days WFHBusiness Risk and Control (BRC) is a 1st line of defense Operational Risk team responsible for identifying, assessing, monitoring, and controlling operational risk for all businesses and legal entities across U.S. Operations. The Business Risk and Control team collaborates with the various business/entities and related support functions to manage operational risk and conducts reporting at the business line/entity level. Business Risk and Control is responsible for managing and implementing the Internal Control Testing program, which assesses key controls across the firm for both design and operational effectiveness.Internal controls serve as a component of the first line of defense in mitigating risks, maintaining the integrity of financial and accounting information, promoting accountability, and preventing fraud. As such, they are an integral component of day-to-day execution of its business operations. In order to align with industry best practices and ensure the firm maintains a robust control environment, the department has developed a first line, risk based Internal Controls Testing (ICT) Program.As Business Risk and Control Consultant, you will have the opportunity to learn the material processes, operational risks, and key controls across the firm by coordinating control testing for the highest risk processes. Business Risk and Control consultant will work with the ICT team to complete the scheduled testing and documentation requirements of controls identified in the ICT program and address and challenges from the 2LOD ORM team.The ICT Team is also responsible for monitoring and verifying ongoing conditions identified in the New Product Approval Process. As Business Risk and Control Consultant, you will assist the ICT team in proactively monitoring and challenging ongoing conditions and assist in the periodic reporting process.Duties and responsibilities:Assist the ICT Team in performing risk-based control testing to assess internal controls for design and operating effectivenessDocument testing results, collecting and archiving testing evidencePerform ICT walkthroughs with business units and corporate functionsLiaise with business units and corporate functions to remediate control gaps/deficienciesWork collaboratively with the Operational Risk Management team to address any challenges and provide biweekly status updatesReport on testing status to various working groups/committeesPrepare reports/presentations for various business lines/entities and regional Risk Committees for ORM, Information Security, TRPM and BCP.Work with the various business and control functions to report risk metrics (KPI/KRI) for both business line and enterprise reportingCollaborate and work with stakeholders in coordinating monthly 1LOD Operational Risk reporting which includes data analysis and risk management activities through GRC toolAssist BRC with ad-hoc projects and initiatives as neededMonitor and verify ongoing conditions identified in the New Product Approval Process.Skills:Qualifications:Eligible to work in the USBachelor's degreeOperational Risk, BCP, TRPM, or Audit for a Bank/Financial Institution experience preferredStrong ability to track organize and analyze dataProficiency in MS Word, Excel, and PowerPointEffective interpersonal skills to communicate and work well with various business lines3 years experience minimumEducation: