Operational Risk Manager Jobs

Primary Function:
Reporting to the second-line CACIB Risk Function / Department within CACIB NY Branch, the Operational Risk Manager (ORM) will have management responsibility for related monitoring, reporting, and surveillance of all business-line / support functions (BL/SF) within their scope in terms of: Incident / Loss identification; Control Indicators / Metrics; Risk and Control Self-Assessments (RCSAs); Action Plan monitoring; Governance and reporting, etc.
This position will also involve regional Operational Risk responsibilities related to Canada Branch and Brazil Subsidiary.
Depending on their expertise and background the ideal candidate will have familiarity with other types of specific non-financial risks such as Compliance, Cybersecurity, Third-Party Risk Management, and or Data Quality / Governance.

Responsibilities:
Applying a risk-based approach, the ORM will work closely with the 1LoD (Line of Defense) under their responsibility / scope to ensure that:

Incidents and losses are accounted for in Olimpia tool, escalated, control gaps are identified, and properly actioned. Attention to detail and CIB product understanding and priorities are critical also to ensure accurate and timely reporting.

Metrics (i.e. Key Risk / Key Control Indicators) are in place which adequately / appropriately measure those risks or control results. Ensure accurate and timely reporting. Periodic coordination also with Paris CACIB HO (Head-Office) ORM team and BL/SF ORM teams. This includes management or oversight of local indicators as well as those required by HO and in Olimpia and COSMOS going forward.
Risk and Control Self-Assessments (RCSA) – periodically prepare, review, and challenge the 1LoD who are the owners of their RCSA and ensure the accuracy and timely reporting of key processes, related key risks, and associated key controls.
Maintain good relationships and effective communication / coordination with the Operational Risk Representatives (ORR) in the 1LoD but also among other 2LoD functions in Risk (e.g. Market and Credit), Compliance, and 3LoD Audit. In addition, close coordination also with Enterprise Risk Management function for CUSO (Combined US Operations)

Governance and reporting – Contribute, participate, and present at the CACIB ICC (Internal Control Committee aka Operational Risk Committee) as well as participate and contribute to CUSO USRC (US Risk Committee) of CASA group. Other reporting requirements include contributions to the semi / and annual reports on Internal Control for HO as well as the 5x annually PCC (Permanent Control Committee). Also, organize and manage periodic Internal / Permanent Control Committees of Canada Branch.

Salary range: $150,000 - $200,000