Director, Business Controls & Risk Management

Job Description: Ensures the First Line of Defense (“FLOD”) business control functions align to the firm wide policies and standards, ensures appropriate oversight of US Operations risk and control practices, and drives consistently in process execution, as applicable, across the US Operations functions.

Responsibilities:
Drive Risk Culture: Establishes expectations, ownership, and accountability for risk management within the Business Line. Provide risk expertise and control function feedback, as applicable, during performance review cycles and incentive plans of employees in the Business Line. Ensure awareness in the Business Line of risk frameworks, policies, and standards.

Communication & Training: Act as central point of contact for receipt and distribution of risk related information between Second Line of Defense (“SLOD”) risk teams and Business Lines. Maintain two-way communications with SLOD. Facilitate training for Business Lines to provide awareness of risk frameworks, policies, programs, processes, etc.

Adherence to Risk Frameworks, Policies, and Standards: Partner with SLOD to provide input/review of frameworks, policies, and standards. Facilitate Business Line awareness of and adherence to risk frameworks, policies, and standards through internal control testing and issue validation. Report and escalate exceptions and facilitate Business Line corrective actions.

Continuous Monitoring: Continuously monitors all sources of risk existing within the Business Line and externally. Engage in research, peer networking, and experience to anticipate critical risk issues impacting the Business Line. Understand where credit, market/liquidity, operational, strategic, reputational, compliance, and model risks exist in the Business Line and continually assess and improve controls to mitigate those risks. Monitor Key Risk Indicators and report on negative/adverse trends in Business Line. Monitor risk profile to maintain tolerance within Risk Appetite.

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. They must also, monitor and track business control metrics to measure overall health of the control environment. Be accountable to Senior and Executive leadership for the delivery of strategic and business objectives to further the Business Control agenda and promotes a culture of compliance across US Operations and other supported business functions. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education: Bachelor's Degree or equivalent work experience

Work Experience: 10-12 years ; Risk Management, Internal Controls, Auditing, or relevant line of business/industry experience.

Skills and …