Job Description

Candidates with skill sets 1 to 2 years of work exp in Operational Risk, RCSA (risk and controls self-assessment), Control Testing/Control Validation.




Wealth Management Operational Risk

Client is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Client can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Client Wealth Managemen Operational Risk

The Client Wealth Management (Client WM) Operational Risk group is responsible for overseeing the operational risk and control framework across the Wealth Management business unit. This team partners with Business Risk and Control groups throughout the organization to execute independent risk monitoring functions, implement control processes and procedures, report operational losses, manage various audit and compliance exams, organize the annual Risk and Control Self-Assessment (RCSA) and coordinate new operational risk programs in partnership with the business as well as Firm Operational Risk Management.

Key Responsibilities will include, but not limited to the following:

This role will challenge the status-quo to uncover and realize efficiencies, accept accountability for persistent improvement, and leverage our broad spectrum of expertise to detect gaps in red flag activity on an account through a robust testing program.

Specific duties within the WM Operational Risk team will include:

- Execute test scripts across various monitoring protocols around Enhanced Due Diligence (EDD) of client accounts which has been temporarily red flagged.
- Identify cases where agreed approval process for temporarily lifting of red flags on EDD pending accounts have not been adhered to.
- Monitor trading activity in EDD accounts where red flag has been lifted temporarily to ensure that trading activity is in line with the approval taken for lifting of the red flag and is in line with the general guidance around EDD account monitoring.
- Support a variety of operational risk management initiatives and special projects, including: control validation, issue and action plan tracking, incident management, business activity monitoring, management reporting, audit inquiry response, targeted remediation support, etc.
- Support preparation of monthly, quarterly and annual metrics based on team activities and corresponding communication with key stakeholders


A successful candidate will understand operational risk management concepts and be able to support a variety of operational risk management initiatives and special projects. Attention to detail and accuracy is important, given the criticality of the work and executive audience for much of the work.

Specific qualifications/experience required are:

- Experience in Financial Services, preferably within operational risk disciplines. (e.g. Trade monitoring, monitoring of restrictions placed on an client account.)
- Strong project management skills with the ability to work independently (candidate should be self-motivated with strong analytical and problem-solving skills)
- Solid interpersonal skills, including written and verbal communication, are required
- Strong organizational skills with the ability to multitask, prioritize and work under pressure and to tight deadlines
- Strong analytical and problem-solving skills (critical thinking ability)
- Advanced knowledge of Microsoft Office suite, emphasis in Excel and PowerPoint
- Bachelor’s degree required
- 2 to 4 years of experience or 0 to 2 years for CA/MBA would be ideal.