Job Information
TEKsystems Operational Risk Manager in New York, New York
Description
Quick overview:
Op risk management, department is the program of internal loss end data - our bank is responsible for the capturing of internal loss events noncredit related, data quality of that, ensuring inputs reconcile back to the GL (kind of like a subledger). Sr manager, oversee staff of 3 seasoned people - need very little direction. Just got approved to hire 4 JR people to them. Double the size of the team, assist with BAU activities, reg remediation. Reg finding that was recently assigned, strategizing the solution (know it and accepted by regs0 - looking at the IELD program, look end to end and reevaluate. Want them to take it and update their documentation, standards, policies, procedural template for first line, take a look at the tool they use to capture the events / perform enhancements with technology, take fresh look at data quality program which looks at the entries of data loss records.
Person would be providing insight to levels below, Building out the team/almost doubling it, then helping with remediation of regulatory findings
Job Description:
The Operational Risk Manager II, ORM Internal Loss Event Data(ILED) Program Manager provides a broad range of oversight to the ILED team for daily activities, ad hoc requests, strategic initiatives, and regulatory compliance and issues resolution. Provides oversight of risk analysis, reporting and/or support to business partners and acts as a specialist/expert in providing guidance/advice on a range of risk related matters related to operational loss event management, recording, and reporting. This includes responsibility as program manager overseeing a small team of risk specialists responsible for strong data quality, guidance and consultation to the first line of defense, significant loss event coordination and reporting, etc. Provides vision and leadership in directing and implementing the Company's strategic operational risk management program. Manages and develops a proficient team of professionals through education and coaching to ensure operational risk management strategy and practices are driven to all levels in the Company. Builds and maintains strong relationships with key internal and external partners. Supports the enhancement of internal controls as identified through operational losses, expense management and quality assurance through the identification and recommendation of technological and process improvement opportunities to reduce Operational Risk throughout the organization.
Depth & Scope:
• Leads a group of specialists/analysts or operates as an individual contributor for a sophisticated and complex business that exists in multiple geographic locations and/or multiple jurisdictions
• Acts as the primary regulatory interface on risk issues and requirements for a key business segment of the Bank and assesses and provides direction for existing and new regulations
• May manage or oversee a number of major risk area requirements and/or related programs that are enterprise-wide or cross multiple business segments
• Represents business on corporate initiatives and identifies key risks and implications and provides direction in complex situations
• Compiles reports on overall business trends, risks, losses, and issues on aggregated basis and recommends management action to minimize risk exposures
• Works with various regulators, business/corporate and organization-wide business support groups to deal with regulatory and cross-business level issues
• Develops and maintains comprehensive knowledge of Company and business unit objectives and strategic project goals in order to deliver the most effective solutions to Customers, aligned with TD Bank's Operational Risk appetite.
• Leads the development and/or implementation of specific standards, policies, and/or processes that identify, report on and mitigate major operational risk exposures within the business, including responses to regulatory requirements
• Leads or contributes to effective management of financial results and budgeting activities
• Analyzes potential risks and ensure escalation of key risks to appropriate areas and/or business leaders
• Establishes and provides on-going analysis and reporting on operational risk and/or other major risk categories as applicable to the business or functional area, and review findings and action plans with business leaders to mitigate and manage key issues
• Coordinates and/or guides activities relating to core operational risk disciplines/programs including, but not limited to, Risk & Control Self Assessments (RCSA), Business Continuity Management (BCM), Outsourcing & Vendor Management. Regulatory Compliance, Affiliate Transaction Governance (e.g. CDIC, AML, Privacy, IDA, CBA, SOX, Basel, etc.)
• Supports established enterprise-wide risk escalation, review and approval processes, data management, policies and risk assessment processes
• Directs the development and monitoring of key risk indicators and facilitate communication and resolution of cross business risk issues among other business segments where applicable
• Where appropriate oversee the development of key risk indicators for areas of specialized expertise.
• May also be accountable for managing ancillary risk areas (e.g. Reconciliation Control, BCM, incident management, outsourcing/vendor management, fraud aggregation and assessment, Basel requirements, capital analysis, change management, privacy, AML, LCM, and other regulatory issues) in addition to core risk management functions
• Provides insight and guidance to business unit and executive management on the identification of major risk drivers and key risk indicators
• Contributes as a subject matter expert in areas specific to a particular risk (Incident Management, Insurance, Reconciliation Control)
• Protects TD Bank's interests by keeping abreast of business trends, risk management issues, and by maintaining a good knowledge of existing and emerging risk issues across the business
• Supports risk management through the execution of projects in support of the requirements of risk management as a business, including Financial Planning and Analysis, responses to specialized regulatory requirements, Board Risk Committee presentations, management of the Portfolio Investment Committee and other requirements as defined
• Develops and maintains a good understanding of the regulatory landscape and relevant requirements for the business, ensuring key risk issues are identified, requirements interpreted and articulated to appropriate business units/functional areas
• Represents the business or functional area on various risk management committees or working groups by presenting business or functional level issues and concerns
• Builds awareness of key risk issues, drivers and mitigates by educating business leaders/management and providing training to broader groups as necessary
• Contributes to the development of executive level tools and/or comprehensive risk capital frameworks for the management of key risks
• Advances the practice of risk management in the business or corporate functional support areas through contributions to TD Bank's enterprise-wide risk strategy and corporate Operational Risk Management requirements
• Develops and fosters strong relationships with business unit management to improve the understanding and communication of business-specific operational risk and/or other key risk management issues
• Prepares board and executive management reporting, facilitate or contribute to meetings involving a range of stakeholders and management of TD Bank
Skills
Risk management, Risk assessment, Operational risk, Internal Loss Event Data, Audit
Top Skills Details
Risk management,Risk assessment,Operational risk,Internal Loss Event Data,Audit
Additional Skills & Qualifications
Education & Experience:
• Bachelors degree or progressive work experience in addition to experience below
• 10+ years related experience required
• Expert knowledge at the enterprise or group business level requiring a broad managerial and deep specialized knowledge of operational risk management issues at the enterprise, business, regulatory and industry levels
• Previous management experience
• Ability to coach, counsel, train, and lead staff
• Strong attention to detail with the ability to recognize and react to discrepancies
• Strong interpersonal skills including demonstrated conflict management and negotiation skills
• Proven project management skills for multiple, large projects
• Strategic planning and process management experience a must
• Proven experience in establishing and implementing effective strategies and short and long range plans that achieve bottom line results
Experience Level
Expert Level
Pay and Benefits
The pay range for this position is $60.00 - $90.00/hr.
Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following: • Medical, dental & vision• Critical Illness, Accident, and Hospital• 401(k) Retirement Plan – Pre-tax and Roth post-tax contributions available• Life Insurance (Voluntary Life & AD&D for the employee and dependents)• Short and long-term disability• Health Spending Account (HSA)• Transportation benefits• Employee Assistance Program• Time Off/Leave (PTO, Vacation or Sick Leave)
Workplace Type
This is a fully remote position.
Application Deadline
This position is anticipated to close on Mar 28, 2025.
About TEKsystems:
We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.
The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.