Job Posting for Operational Risk Officer at Sumitomo Mitsui Banking Corporation
Overview
Reporting to the Operational Risk Officer Director, the incumbent supports the Second Line of Defense Risk Management Department Americas Division’s (RMDAD) Operational Risk and Other Risks Group (ORORG) in accordance with US Regulations, Head Office policies and industry practices for Risk Management.
The Risk Management Department is the Second Line of Defense in its role of monitoring and assessing business practices related to the risk appetite framework for SMBC. Within RMDAD, the Operational and Other Risk Group implements an Operational Risk framework independent of the businesses’ risk appetite statements. The individual is responsible for supporting execution of the various Operational Risk Programs across multiple businesses, group companies, and functions of the bank.
Responsibilities
Responsibilities:
Serve as a subject matter expert and a central point of contact to the assigned assessment areas with regards to all Operational Risk matters
Oversee implementation of Risk and Control Self-Assessment (RCSA), Key Risk Indicators (KRIs), Loss Data Collection, and other programs that are under the purview of Operational Risk team
Participate in New Product Assessment process and any other risk management activities/programs
Obtain detailed understanding of all relevant policies and procedures and ensure assessment area alignment
Support the department in developing reporting for internal use and governance committees on both a regular and ad-hoc basis
Regularly provide review and challenge on RCSAs, KRIs, loss events, and other matters
Work with internal partners to define and monitor Key Risk Indicators (KRIs) for assigned assessment areas
Assist with special projects, when necessary, intended to enhance the Operational Risk Management Framework
Qualifications
Qualifications:
7 years of work experience in financial services
In-depth knowledge of enterprise Operational Risk Management is highly desired
Bachelor’s degree
Strong organizational skills, with proven ability to successfully manage multiple, concurrent priorities
Detail oriented with proven ability to question the status quo and apply effective challenge, as appropriate
Strong interpersonal and communications skills to successfully interface across various levels and maintain solid working relationships
Ability to operate with minimal level of supervision
Salary.com Estimation for Operational Risk Officer in White Plains, NY
$606,575 to $1,354,658
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