VP, Operational Risk Controls & Governance

What is the opportunity?

As a member of the Capital Markets (CM) Operational Risk Controls & Governance (ORC&G) group, the incumbent will contribute to the maintenance of an effective operational risk management program within CM, focusing on control assurance by:

• Ensuring the consistent application of the Operational Risk Framework and associated policies in the business and support a culture of risk ownership, awareness and management in the business and functions.
• Understanding the material risks to the business processes in existence in order to provide value-add contribution to the Front Office-led Risk and Control Self-Assessments (RCSAs), including conducting comparative analysis across the various operational risk tools to support conclusions and a comprehensive view of the business units' operational risk profiles.
• Participating in the ongoing evolution of Internal Controls Management Policy (ICMP) and Regulatory Compliance Management (RCM) Program for CM which includes a methodology and process for validating the Design Effectiveness, as well as Operating Effectiveness, of key controls.
• Providing guidance on current and emerging operational risk and internal control management best practices for CM.
• Supporting training and awareness programs to ensure there is clear understanding of the importance of internal control management across the business including clear communication of expected behaviours and roles and responsibilities.

What will you do?

• Operational Risk Event (ORE) Management:
  • Work closely with CM Line of Business leads/managers in the capture, analysis and reporting of Operational Risk Events (OREs) and Issues/Actions within Archer to ensure compliance with the Enterprise Policy/Standing Order requirements;
  • Provide guidance and the 1st Line of Defense (LOD) supports in managing and mitigating operational risk; and ensure alignment and consistency in the regional execution of operational risk tools, processes and practices with the global ORC&G approach;
  • Keep abreast of other programs in CM and across the enterprise which can be leveraged to minimize duplication and the impact to the assessed units;
  • Provide support for training and awareness programs to ensure there is clear understanding of the importance of internal control management across the business and functions including clear communication of expected conduct, behaviors and roles and responsibilities;
• Change Management:
  • Support the Director and Managing Director ORC&G through participation in projects to review and implement new enterprise policies that impact Capital Markets which may include assisting in the establishment of procedures/guidelines, liaising with internal and/or external parties to understand requirements and define parameters;
  • Liaising with the appropriate Centre of Governance (CoG) groups to provide input into the development of new/changed enterprise policies, clarifying proposed requirements in order to initiate discussions with the in-scope business units to assess the impact on the CM business processes and controls.
  • Support the Director and Managing Director ORC&G in establishing CM specific procedures to support effective program execution, conclusion and usage in accordance with enterprise-wide requirements.

• Risk and Control Self Assessment (RCSA):
  • As needed, assist with the execution of RCSA process; work closely with the risk owners and CM business teams to evaluate the nature and level of operational risks inherent in their business activities, as well as controls used to mitigate the risks.
• Reporting:
  • Assist with the development and production of monthly/quarterly Operational Risk reporting with trend analysis and commentaries with business insights to support Regional, Legal Entities, and Line of Business governance reporting requirements.

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Flexible work/life balance options

Job Skills

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above