Risk, Operational Risk - Vice President - Wilmington, DE

VP - C&TxB Operational Risk

Operational Risk is an independent risk management function (2nd line), responsible for developing and implementing a standardized framework to identify, measure, and monitor operational risk across the firm.

This Operational Risk Coverage role within the Consumer and Transaction Banking Risk team is intended for a professional with subject matter expertise in the areas of operational risk and overall risk management, as well as broad understanding of and experience in Consumer lending & banking. The team is dedicated to actively enhancing the risk framework, employing and strengthening risk management, with a focus on Consumer and Transaction Banking.

Primary Responsibilities:

• Oversee operational risk framework within the second line of defense working closely with the first line while providing robust and independent challenge
• Facilitate operational risk event management framework and data collection, including the detailed reviews of significant events to ensure appropriate remediation plans are implemented on-time, and identification of trends to identify significant or emerging risks
• Review and evaluate new business initiatives and firm acquisitions to identify changes to the operational risk profile of the division and ensure proper controls are in place
• Conduct quarterly trigger assessments for divisions to ensure the risk and control self-assessment (RCSA) and tail scenarios remain accurately assessed and current
• Facilitate challenge of 1st line RCSA and Control Assessment ratings to ensure appropriate measurement approach and rationale has been employed
• Conduct scenario analysis by working with stakeholders to develop and quantify scenarios measuring tail risks used for stress testing and capital calculations.
• Work with 1st line process owners to develop day to day risk management metrics which quantify the divisions exposure to various types of operational risk; review aggregated results and month over month results to identify trends and thematic areas for review and deep dives
• Contribute to the advancement of operational risk methods and practices and the operational risk management framework, both within Consumer and Transaction Banking Risk as well as firmwide Operational Risk Management
• Act as the Operational Risk SME/lead on serval BAU work-streams associated with new products /acquisitions

• Bachelor's degree and 10+ years of relevant experience working in operational risk, relevant revenue generating division in a risk/controls capacity, or a control function (e.g., second line Operational Risk and/or Compliance, Credit Risk, first line Business Control or Risk Management, and/or third line Audit)
• Strong verbal and written communication skills
• The ability to present with impact and build consensus across senior stakeholder groups
• Ability to work in a fast paced environment with a focus on delivery
• Strong organizational skills (project management experience a plus)
• Proficiency in Excel, PowerPoint, and SharePoint - Tableau & SQL are a plus
• Familiarity with enterprise risk management best-practices and controls
• Quick learner who can thrive working as part as a cross-regional team and individually

• Experience developing and deploying an operational risk framework for Consumer lending/banking, Wealth management, or other financial services
• Experience developing data driven monitoring and testing programs
• Risk assessment experience for product and process change management and design
• Business acquisition and integration risk management experience
• Risk management experience in Digital & Online banking or related area
• Process, risk, and control documentation, effectiveness and performance assessment