What are the responsibilities and job description for the Operational Risk Manager position at Stifel?
The Operational Risk Manager supports the Enterprise Risk Management (ERM) Managing Director in the day to day management of Operational Risk and the development of sound operational risk management practices. Their duties include key risk management activities such as: Operational Risk Event reporting and error resolution, Risk and Control Assessments, Business/project risk assessments, Key Risk Indicator collection and reporting and providing training to first line risk owners.
Essential Duties & Responsibilities
- Assess, recommend and enhance overall Operational Risk Management Framework (ORMF) in line with the Firm’s ERM framework.
- Develop metrics and tools that align to industry practices and ensure effective processes to identify, measure, manage, monitor and report operational risk.
- Prepare executive level reporting for senior management, ERM, and the board.
- Develop/support firm approach to other key ORMF components (e.g. RCSA, Process Risk Assessments, KRIs, Risk Event Capture, Risk Appetite, New Product Approval, etc.).
- Assess, recommend and facilitate approval of the firm’s Operational Risk Policy, and standards that incorporate operational risk limits and tolerances.
-
Create and manage process to gain consensus of Committees and Working Groups regarding the framework, policy and standards.
- Incorporate, on an ongoing basis, feedback received from Enterprise Risk Management, business unit risk teams, senior management, board of directors, to enhance the ORMF components.
- Provide subject matter expertise and guidance on the firm’s operational risk framework to ensure that management is aware of the firm’s operational risk-taking philosophy, policy, authority structure, procedures and processes.
- Administration of Operational Risk Management training to personnel across various levels of the Firm, and communication of Operational Risk Management policies and procedures
Qualifications
- Ability to work effectively, and communicate efficiently, with first line business unit personnel, including Business Unit Risk Managers (BURMs), and other senior members of various lines of business and Stifel Financial Corp.
- Strong knowledge of core Operational Risk Management components and processes, including Risk and Control Self-Assessments, Operational Risk Event reporting and mitigation, Key Risk Indicators, Scenario Analysis, Emerging Risks, and products and services risk assessments.
- Ability to maintain detailed and auditable documentation around Operational Risk processes, analysis, and discoveries.
- Experience with Governance, Risk, and Compliance (GRAC) software and knowledge of how Operational Risk Management processes are incorporated into GRAC tools, and are continuously managed through the tools.
- Experience in preparation of presentations for, and presenting in before, large groups across various levels of the Firm.
Education & Experience
- Bachelor's Degree in finance, business administration, or related field required
- 6 years of Risk Management or related experience
About Stifel
Established in 1890, Stifel is one of the nation’s leading full-service wealth management and investment banking firms. Stifel serves clients from more than 400 offices across the United States and ranks as the nation’s seventh largest full-service investment firm in terms of number of financial advisors. We are also a leading provider of investment banking services to the middle market, a top-ten municipal bond underwriter, and home to one of the industry’s largest research franchises. In addition our Stifel Bank subsidiary provides a comprehensive range of banking services.
At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.
The health and safety of our employees and candidates is very important to us. We continue to monitor the current public health situation and have adjusted our hiring procedures to include virtual recruiting tools that allow us to continue meeting new candidates. We look forward to “virtually” meeting you.
Stifel is an Equal Opportunity Employer.
#LI-JK1
