CCB Risk - Operational Risk - Vice President
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Wilmington, DE 19806
Operational Risk is the risk of loss resulting from inadequate or failed processes or systems, human factors, or external events. Operational Risk Oversight is an independent “second line of defense” that proactively identifies potential Operational Risks and ensures adequate controls are in place to guard against financial loss. Operational Risk Oversight is responsible for maintaining, monitoring, updating, and executing the Operational Risk management framework.
Within the CCB ORO team the role is to provide strong and sustainable Operational Risk Oversight for CCB support function inclusive of TPO, Finance, HR and other key internal programs. Through independent and continuous oversight aligned with the CCB and firm-wide Operational Risk management framework. Our coverage model includes coordinating with business stakeholders in risk identification, mitigation per appetite, analysis and reporting, performed targeted deep dive to identify unmitigated or under mitigated risk and appropriate engagement in any additional directives from senior leadership.
Responsibilities Include (but not limited to):
+ Maintain awareness of risk and control issues within the business whether self-identified or from internal /external audit
+ Review internal and external Operational Risk errors for opportunities to implement new preventive and detective controls
+ Evaluate the strengths and weaknesses of existing controls and provide business direction on opportunities for improvement
+ Provide an independent, objective view of operational risk assessments, mitigation strategies and emerging risks(Strategic Risk Assessment)
+ Understand the area’s Risk Control Self Assessment (RCSA), Key Risk & Performance Indicators, and other controls to identify negative trends and potential control gaps
+ Maintain strong business relationships with internal clients and deliver presentations to senior audiences
+ Participate in various Operational Risk and LOB meetings related to operational risk and control matters
+ Perform Risk Assessments by utilizing the Operational Risk management framework
+ Perform independent challenge assessment of adherence to RCSA standards and adequacy of the RCSA program
+ Develop positive working relationships and act as liaison with Corporate Operational Risk (COR) and peers across CCB Operational Risk Oversight in order to understand requirements and ensure an appropriate/consistent approach is adopted, and assure an open environment for collaboration, risk identification and remediation
+ Work with Operational and Control Officer personnel to obtain and review data necessary to evaluate control effectiveness
+ Provide Risk oversight and guidance as needed during operational process design to ensure compliance with Risk, Compliance and Legal policies and departmental procedures
+ Create, maintain and administer a sustainable framework for efficient and effective Operational Risk reporting across relevant Executives and Committees
+ Identify and assess severity and likelihood of issues for potential escalation and communication to Business Executives and Senior Risk Managers
+ Participate as necessary in CCB Operational Risk Working Groups that continue to refine requirements within framework components as necessary
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.