Compliance & Operational Risk Manager

Job Description

Job Description

Genesis10 is currently seeking a Compliance & Operational Risk Manager for a direct hire opportunity with a Global Financial Institution located in New York, NY.

This job is responsible for executing second line of defense compliance and operational risk oversight for a Front Line Unit, Control Function, and/or Third Parties. Key responsibilities include ensuring requirements of the Global Compliance Enterprise Policy and the Operational Risk Management Enterprise Policy are implemented and identifying, challenging, escalating, and mitigating risks in a timely manner.

Responsibilities:

• Assesses risks and effectiveness of Front Line Unit (FLU) processes and controls to ensure compliance with applicable laws, rules, and regulations, while responding to regulatory inquiries, other audits, and examinations
• Engages in activities to provide independent compliance and operational risk oversight of FLU or Control Function (CF) performance and any related third party/vendor relationships
• Identifies and escalates problems or issues that arise and drives actions to address the root causes that lead to compliance risk issues and/or operational risk losses
• Manages inventory of processes, risks, controls, and associated metrics for risk appetite and limits, reporting violations of compliance or regulatory activities
• Assists in the development of independent risk management reporting for respective area(s) of coverage as input into country/regional governance and management routines
• Analyzes and interprets applicable laws, rules, and regulations to provide clear and practical advice to stakeholders, and identify and manage risks
• Reviews and challenges FLU/CF process, risk, Single Process Inventory, and FLU/CF Risk and Control Self-Assessment related to themes or trends, while monitoring the regulatory environment to identify regulatory changes applicable to area(s) of coverage
• Provide real-time support to the Global Credit Front-Line Unit with regards to the rules of the relevant products, markets and venues, and other relevant laws, rules and regulations
• Develop an effective working relationship with Front Line Unit personnel and other internal departments, such as Legal, Operations, Financial Crimes Compliance, and Regulatory Reporting
• Assist with responding to and coordinating regulatory inquiries
• Participate in the review and challenge of business activities in line with the firm's Global Compliance and Operational Risk Program
• Participate, as required, in internal investigations into potential breaches of regulatory/venue requirements or Firm policy
• Participate, as required, in department initiatives in respect of regulatory/market developments and impact analysis on the firm's business and support groups
• Assist with the review of new business initiatives, including non-standard transactions
• Review and assess activity which is escalated by Enterprise Independent Testing through surveillance activity undertaken and/or escalated directly by the FLU for potential market misconduct
• Work closely with other regional Compliance and Operational Risk teams to ensure consistency in approach and best practices
• Review/update Compliance and Operational Risk Policies and ensure they are consistent with global and local regulatory practices
• Assist with the development of new and/or update existing Monitoring and Testing items for the Compliance and Operational Risk Program from a local and global perspective
• Assist with the development and delivery of Compliance and Operational Risk training, both face-to-face and on-line
• Keep abreast of regulatory change/developments

Requirements:

• Minimum of seven years of relevant experience
• May require regulatory examination/registration or certification, depending on jurisdiction and role
• Strong knowledge of fixed income markets, including swaps/derivatives products and services
• Excellent inter-personal and communication skills, including strong verbal and written communications, and be a strong and confident presenter
• High attention to detail, diligence and conscientiousness
• Ability to work in a dynamic and fast-paced trading floor environment

Desired skills:

• Bachelor's Degree in a related field
• Experience in financial services and/or a similarly regulated sector
• Strong experience in dealing with regulator and exchange inquiries and exams
• Strong understanding of market misconduct laws, rules and regulations, as well as applicable surveillance controls
• Strong understanding of SEC, and CFTC rules and regulations
• Operational Risk Management preferably with fixed income product knowledge experience is advantageous
• Advisory
• Monitoring, Surveillance, and Testing
• Regulatory Compliance
• Reporting
• Risk Management
• Critical Thinking
• Influence
• Interpret Relevant Laws, Rules, and Regulations
• Issue Management
• Policies, Procedures, and Guidelines Management
• Credible Challenge
• Decision Making
• Negotiation
• Process Management
• Written Communications

Only candidates available and ready to work directly as Genesis10 employees will be considered for this position.

If you have the described qualifications and are interested in this exciting opportunity, please apply!

Ranked a Top Staffing Firm in the U.S. by Staffing Industry Analysts for six consecutive years, Genesis10 puts thousands of consultants and employees to work across the United States every year in contract, contract-for-hire, and permanent placement roles. With more than 300 active clients, Genesis10 provides access to many of the Fortune 100 firms and a variety of mid-market organizations across the full spectrum of industry verticals.

For contract roles, Genesis10 offers the benefits listed below. If this is a perm-placement opportunity, our recruiter can talk you through the unique benefits offered for that particular client. Benefits of Working with Genesis10:

• Access to hundreds of clients, most who have been working with Genesis10 for 5-20+ years.
• The opportunity to have a career-home in Genesis10; many of our consultants have been working exclusively with Genesis10 for years.
• Access to an experienced, caring recruiting team (more than 7 years of experience, on average.)
• Behavioral Health Platform
• Medical, Dental, Vision
• Health Savings Account
• Voluntary Hospital Indemnity (Critical Illness & Accident)
• Voluntary Term Life Insurance
• 401K
• Sick Pay (for applicable states/municipalities)
• Commuter Benefits (Dallas, NYC, SF, and Illinois)

For multiple years running, Genesis10 has been recognized as a Top Staffing Firm in the U.S., as a Best Company for Work-Life Balance, as a Best Company for Career Growth, for Diversity, and for Leadership, amongst others. To learn more and to view all our available career opportunities, please visit us at our website.

Genesis10 is an Equal Opportunity Employer. Candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.