Vice President, Operational Risk

Vice President, Operational Risk

About the Company

Reputable financial institution with a global presence

Industry
Financial Services

Type
Privately Held

About the Role

The Company is in search of a Vice President for Operational Risk, with a focus on custody and wealth management. The successful candidate will be responsible for providing second-line oversight of operational risk, ensuring that it is in line with the company's risk appetite. This includes reviewing and challenging first-line risk assessments, control testing, loss event data, and issue management. The role also involves supporting the development and monitoring of Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs), as well as identifying emerging operational risks and participating in scenario analysis. The VP will be expected to monitor incident and issue management, prepare risk committee reports, and support regulatory exam preparation. Applicants for the Vice President, Operational Risk position at the company should be experienced professionals in the field, with a strong background in governance, controls, and regulatory compliance. The role requires a leader who is adept at collaborating with cross-functional teams and is capable of making a significant impact in a dynamic environment. Key skills include the ability to act as a trusted advisor on risk mitigation and control design, and to partner with compliance, legal, and other risk management functions to ensure a coordinated approach to risk governance. The ideal candidate will have a proactive approach to risk management, with a focus on continuous improvement and the ability to drive change within the organization.

Functions

• Finance