Operational Risk & Compliance AVP (third-party risk)

Quantitative Fiance & Risk
4th January 2017
Job Type
Up to £65,000


Key Responsibilities:

  • Perform CRAS+ proponent duties for international Third Party/Outsourcing Major Requirements (MRs) to be in compliance with the standards
  • Monitor and oversee international Third Party and Outsourcing risk data contained in the Operational Risk Platform
  • Evaluate line of business existing and proposed programs for compliance with regulatory and policy requirements as well as other risks that may be presented
  • Participate as an international Third Party and Outsourcing SME on LOB projects to ensure compliance
  • Conduct horizontal reviews of businesses to evaluate compliance to international Third Party and Outsourcing regulatory and policy requirements
  • Assess controls and mitigating control evaluations for effectiveness
  • Review issues, corrective actions, and policy breaches
  • Develop and report annual residual risk exposure
  • Partner with business and functional Third Party leaders and the Law Department to ensure understanding and compliance with non-U.S. Third Party/Outsourcing laws and regulations and the Third Party Service Provider Policy and Procedures requirements
  • Support, as necessary, development of incremental Third Party Service Provider Policy and Procedural requirements related to international Third Party and Outsourcing laws and regulations
  • Support and partner with International Third Party Risk Oversight team members as necessary to ensure proper administration of oversight role within various international regions
  • Support LOBs with regulatory and audit exams as necessary

Key Requirements:

  • Ideally solid experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both
  • Ideally experience in one or a combination of the following: additional compliance, additional operational risk management, IT systems security, business process management or financial services industry experience; or a BS/BA degree or higher in business or a related field
  • Recognized expertise in working with operational risk modules (RCSA, CRAS+, CICAT, ORR)
  • Working knowledge of non-U.S. Third Party and Outsourcing laws and regulations, and some U.S.
  • Proven teamwork, interpersonal, written and oral communication skills
  • Proficient in Microsoft Office including: Word, Excel, Power Point and Visio
  • Demonstrated ability to meet strict deadlines and handle multiple tasks simultaneously
  • Must be detail oriented
  • Strong organizational, time management and project management skills
  • Bachelor’s, Master’s or Law Degree
  • Enterprise level operational risk experience
  • Creative and critical thinking skills
  • Influence others into mutually desired outcomes
  • Individual must be a self-starter, able to work independently and drive for results
  • Creative, collaborative, and able to identify roadblocks, envision solutions and work towards resolution
  • Ability to interact with senior management

If you require any more information please contact Ali Nurmohamed: alinurmohamed@bsmgroup.com  or  0207 653 6734

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