To support the banks expanding business in the Americas and satisfy local regulatory requirements, we are seeking a candidate with 10+ years of Operational Risk Management experience in a Corporate and Investment Banking environment (strong knowledge of CIB products and services required). Experience with Commercial Banking activities (Trade Finance, Structured Finance/Secured Lending, Receivable/Supply Chain Finance) is required. Candidate should demonstrate proven capabilities in detailed incident analysis and management, Preparing Risks and Control Self-Assessments, Metric reporting (e.g., KRIs, KCIs), project management, control testing/design, preparing and organizing Operational Risk committees.
Strong governance, management, and leadership skills are essential (preparing and steering Operational Risk Committees, presenting risk assessments to senior leadership, leading cross-functional discussions, facilitating decision-making forums). Ability to lead change initiatives and collaborate effectively with stakeholders across the organization required.
Primary Function:
Reporting remotely to the second-line (2LoD) CACIB Risk Function within CACIB NY Branch, the Senior Operational Risk Manager (ORM) will have management responsibility for monitoring, reporting, and surveillance of all business-line/support functions (BL/SF) within scope, including: incident/loss identification, control indicators/metrics, Risk and Control Self-Assessments (RCSAs), action plan monitoring, and governance/reporting.
This position also involves regional Operational Risk management responsibilities for Canada Branch and CASO (CA Services Operations) located in Montreal.
Depending on expertise and background, the ideal candidate will have familiarity with other non-financial risks such as Compliance, Cybersecurity, Third-Party Risk Management, and/or Data Quality/Governance.
Responsibilities:
Applying a risk-based approach, the ORM will work closely with the 1st Line of Defense (1LoD) to ensure:
Incident & Loss Management
Ensure that Operational Risk Incidents and losses are recorded in Olimpia, escalated appropriately to key stakeholders, control gaps identified, and properly actioned. Attention to detail and CIB product understanding are critical for accurate and timely reporting.
Metrics & Indicators
Identify, report, and ensure that Key Risk Indicators (KRIs) and Key Control Indicators (KCIs) adequately measure risks and control effectiveness. Ensure accurate and timely reporting with periodic coordination with Paris CACIB Head Office (HO) ORM team and BL/SF ORM teams. Manage local indicators and those required by HO in Olimpia and COSMOS.
Risk & Control Self-Assessments (RCSA)
As 2LoD, periodically prepare, review, and effectively challenge the 1LoD (who own their RCSAs) to ensure accuracy and timely reporting of key processes, related risks, and associated controls.
Stakeholder Coordination
Maintain effective communication with Operational Risk Representatives (ORRs) in 1LoD, other 2LoD functions (Market Risk, Credit Risk, Compliance), 3LoD Audit, and senior management.
Leadership
Demonstrated leadership and managerial experience across all levels of management
Committee Participation
Participate in various 1LoD and 2LoD committees to understand Operational Risks and provide independent, effective challenge where issues arise. Use insights to enhance quality of management information systems (MIS).
Regulatory & Audit Management
Handle periodic interactions with regulators and Internal General Inspection (IGE) who periodically assess 2LoD or require assistance evaluating key risk areas, themes, control issues, threats, vulnerabilities, or incidents.
Methodology & Standards
Balance and manage HO norm/methodology requirements with local management needs and US/regional regulatory expectations.
Control Testing
Periodically perform spot-checks and/or test controls; report results at ICC, ePCC, or other ad-hoc reporting.
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