Compliance and Operational Risk Analyst

Job Description:

The Compliance and Operational Risk (C&OR) Analyst assists the C&OR teams, under close supervision, in activities that provide independent compliance and operational risk oversight of a Front Line Unit or Control Function (“FLU/CF”) in alignment with the Global Compliance -- Enterprise Policy, the Operational Risk Management -- Enterprise Policy (collectively “the Policies”) and the Compliance and Operational Risk Management (“CORM”) Program and Standard Operating Procedures (SOPs).

The C&OR Analyst assists in engaging other C&OR officers, including horizontal coverage owners and Enterprise Areas of Coverage (“EAC”), to provide comprehensive oversight of FLU/CF activities. This role assists in developing and maintaining a global coverage plan which defines the scope and risk-based focus of the second line’s risk management activities. The C&OR Analyst assists in preparing materials for C&OR regulatory exams/audits/inquiries.

The C&OR Analyst is accountable for assisting the C&OR team in the proactive identification, management and escalation of compliance and operational risks through assisting in the execution of some or all of the following activities:

• Assists in the development of independent risk management reporting for respective area(s) of coverage as input into governance and management routines
• Contributes to the oversight of FLU/CF training which may include tracking and communication of completion rates
• Assists with the development and maintenance of C&OR-owned policies and standards and/or the oversight of FLU/CF-owned policies, standards and procedures to ensure regulatory and operational risk requirements are appropriately addressed, inclusive of conduct risk as applicable
• Supports the maintenance of a comprehensive regulatory inventory and supports the regulatory change management process
• Contributes to the identification, aggregation, reporting and performing thematic analysis on FLU/CF-owned issues and control enhancements
• Assists in remediating C&OR “owned” issues and control enhancements
• Supports execution of independent risk monitoring, testing, and risk assessments
• Assist with the reviews and challenge of the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessments (RCSA)
• Supports the review and challenge of internal and external operational loss events, including development of remediation plans to strengthen controls
• Assists with the development of risk metrics, monitors related performance and breach remediation

The Enterprise Area of Coverage (EAC) Compliance & Operational Risk (C&OR) Analyst is an individual contributor member of an EAC C&OR team that is responsible for enterprise-wide oversight of processes, controls, laws, rules, and/or regulations that have enterprise-wide applicability, affecting two or more Front Line Units or Control Functions ("FLU/CF"). Responsibilities include identifying, escalating and mitigating risks in a timely manner in alignment with the C&OR Management ("CORM") Program, with the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy (collectively "the Policies"), and delivering on the other requirements in the Policies. 

1. Contribute to the coordination of the EAC C&OR regulatory inventory and change management processes for SEC Security-based Swap Dealer and CFTC Swap Dealer 
2. Assist the team with the preparation of SEC Security-based Swap Dealer Chief Compliance Officer Annual Report
3. Assist with the development and maintenance of EAC C&OR owned policies and procedures to ensure regulatory and operational risk requirements are appropriately addressed, inclusive of conduct risk as applicable
4. Support the team in remediating EAC C&OR owned issues and control enhancements
5. Assist with the oversight of FLU/CF training, which may include content development and/or tracking and communication of completion rates
    

Required Skills: Minimum Years Business & Functional Experience: 3 Years

Degree Required: Bachelor’s Degree or equivalent

1. Bachelor degree or equivalent experience 
2. Knowledge of or certification in law, rule, regulation or area of coverage is a plus
3. Advanced skills in the use of Excel and Powerpoint to analyze data and produce impactful presentations to communicate key issues and updates to senior management and governance forums.
4. Strong verbal and written communication skills
    

Shift:

1st shift (United States of America)

Hours Per Week: 

40