Hiring AVP & VP – Operational Risk & Control
Employment Type: Full-Time
About Us
We are a leading financial services firm dedicated to maintaining high standards of integrity, innovation, and excellence. Our commitment to operational efficiency and sound risk management practices has positioned us as an industry leader. We are seeking an experienced professional to join our team as Vice President of Operational Risk & Control to drive and enhance our risk management practices.
Role Overview
The Vice President of Operational Risk & Control will be a critical leader in strengthening our operational risk framework, ensuring compliance, and minimizing risk exposure across the organization. This role involves collaborating with various departments, stakeholders, and senior management to design, implement, and maintain an effective risk management and internal control system.
Key Responsibilities
- Develop and Enhance Risk Framework: Lead the design, implementation, and ongoing enhancement of the operational risk management framework, ensuring alignment with global regulatory standards, corporate policies, and industry best practices.
- Risk Identification and Mitigation: Oversee the identification, assessment, monitoring, and mitigation of operational risks across all business functions. Develop and implement control measures to minimize risk exposures.
- Governance and Oversight: Establish governance structures for operational risk management, including risk committees, reporting lines, and escalation protocols. Conduct regular risk reviews and assessments to ensure the adequacy of controls.
- Policy Development: Create, update, and enforce risk management policies and procedures that align with organizational goals and regulatory requirements.
- Incident Management: Lead the investigation and analysis of risk events, incidents, and near-misses. Develop and implement corrective action plans to prevent recurrence and enhance the organization’s resilience.
- Regulatory Compliance: Ensure compliance with all relevant regulatory guidelines and frameworks. Act as the primary liaison with regulators, auditors, and other external bodies on operational risk matters.
- Reporting and Communication: Prepare and deliver comprehensive risk reports to senior management, risk committees, and the Board of Directors. Ensure effective communication of risk issues, trends, and recommendations.
- Training and Awareness: Develop and lead training programs to enhance risk awareness and promote a culture of risk management across the organization.
- Stakeholder Engagement: Collaborate with internal and external stakeholders, including senior management, risk teams, auditors, and regulators, to ensure a cohesive approach to risk management.
- Continuous Improvement: Drive continuous improvement initiatives in risk management processes, leveraging technology, data analytics, and best practices to enhance risk controls and efficiencies.
Key Qualifications
- Education: Bachelor’s degree in Finance, Accounting, Business Administration, or a related discipline. A master’s degree or professional certifications such as CRISC, FRM, or PRM is highly desirable.
- Experience: Minimum of 10-12 years of experience in operational risk management, internal controls, or a similar role within the financial services industry. Experience in a leadership capacity is essential.
- Technical Skills: Strong knowledge of risk management frameworks, regulatory requirements, and industry standards. Proficiency in risk assessment tools, data analysis, and risk reporting.
- Leadership Skills: Proven ability to lead cross-functional teams, manage complex projects, and influence decision-making at senior levels.
- Communication: Excellent verbal and written communication skills, with the ability to present complex risk issues to diverse audiences.
- Analytical Thinking: Strong analytical and problem-solving skills, with a proactive approach to identifying and mitigating risks.
- Interpersonal Skills: Ability to build and maintain strong relationships with internal and external stakeholders.
Why Join Us?
- Be part of a dynamic and innovative team committed to excellence.
- Opportunity to lead and shape the organization’s risk management practices.
- Competitive compensation package and comprehensive benefits.
- Professional growth and development opportunities.
How to Apply
If you are a risk management professional with a passion for excellence and a track record of success, we would love to hear from you. Please submit your resume and cover letter detailing your experience and qualifications for this role. Email : shalu@credencehrservices.com