As a Senior Manager in Operational Risk, you will play a crucial role in identifying, assessing, and mitigating operational risks within Gen II’s European entities. You will work closely with various departments to develop and implement risk management strategies and best practices to meet legislative and regulatory requirements as well as safeguard our operations. This role requires a keen analytical mind, strong attention to detail, and the ability to thrive in a fast-paced environment while also working collaboratively with the business to achieve effective risk management. The role holder will report to the Principal Operational Risk but will also work closely with the various Compliance leads and Control teams.
Primary Responsibilities:
- Risk Assessment and Identification
- Conduct comprehensive assessment of operational processes to identify potential risks and vulnerabilities
- Analyze data and trends to proactively identify emerging risks and areas for improvement
- Collaborate with stakeholders to understand business objectives and identify areas of operational risk exposure
- Maintain Risk Registers and Framework (Op Risk Program) including governance documents, control descriptions, testing documents, reporting templates and other relevant documents as appropriate
- Prepare and present reporting on the execution and results of the Op Risk Program to relevant Boards and Committees (as required) and, where appropriate, make recommendations to remedy any deficiencies identified
- Develop and implement risk management strategies and work with various teams to design and implement controls and safeguards to reduce operational risk
- Monitor the effectiveness of risk mitigation measures and adjust strategies as needed
- Incident Management and Reporting:
- Investigate and analyze operational incidents, breaches, and losses to determine root causes and implement corrective actions
- Prepare and present detailed reports on operational risk incidents, trends, and mitigation efforts to senior management and relevant stakeholders
- Ensure compliance with regulatory requirements and internal policies related to incident reporting and disclosure
- Be a role model and ambassador for Risk and enhance the standing of the function through positive engagement and quality of delivery
- Work with the businesses as they implement first line of defense standards to address Op Risk matters
- Responsible for leading Risk-related projects as may be required by senior members of the Risk function
Additional Responsibilities:
- Perform ongoing and, at a minimum, an annual review of the Op Risk Program and report any updates, enhancements or changes as required
- Undertake impact assessments on proposed new regulations, consider and propose recommendations as to next steps, including the development of training material
- Use experience and knowledge to ensure applicable policies and procedures are fit for purpose, identifying changes and offering solutions
- Maintain Op Risk documents to include control descriptions, narratives, governance documents in accordance with industry guidance and best practice.
- Lead and participate in thematic reviews on identified risk areas, drafting reports and presenting results as required.
- Provide assistance to the Global Head of Risk and Control related to special projects as needed
Job Requirements, Skills, Education and Experience:
- Bachelor’s degree
- 5-8 years relevant Risk, Operational Risk / Control, Audit and/or Compliance experience
- Excellent verbal, written, interpersonal and presentation skills
- Excellent meeting and committee preparation skills
- Ability to learn on-the-job quickly and apply the experience to resolve problems
- Ability to take a hands-on approach to achieving objectives
- Possess a strong doer mentality with a detail-oriented approach in order to delve into the intricacies of a problem to determine the root cause and devise an appropriate solution
- Influencing skills to work with challenging behavior
- Negotiating skills to defuse conflict and identify solutions
- High ethical standard and ability to handle sensitive and confidential information with discretion
- Ability to review and document processes as well as adapt to changes in processes and procedures in a rapidly changing environment
- Strong analytical, problem-solving skills and attention to detail
- Ability to think independently, prioritize, multi-task and meet deadlines
- Proven ability to teach, mentor, delegate, and develop / grow teams and individuals
- Strong with Microsoft suite (Excel, Work, Power-point, Outlook, and Others)
The salary range for this position is $150,000-$180,000, in addition to a comprehensive benefits package. Please note that the actual salary offered within that range will depend on the candidate’s experience level.
Work Arrangement
All applicants applying to Gen II Fund Services, LLC must be legally authorized to work in the United States. Please note that all US employees are required to work a hybrid schedule, comprised of two (2) days a week in our office and three (3) days remotely.
