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The Operational Risk (“C&OR”) Specialist will assist risk officers to perform operational risk oversight of Front Line Units or Control Functions (“FLU/CF”), as well as Latam and Country Compliance & Operational Risk Management (“CORM”) Program, Standard Operating Procedures (SOPs) and country regulations.
The Operational Risk Specialist will engage other COR officers and Enterprise Areas of Coverage (“EAC”), to provide comprehensive oversight of FLU/CF activities. This role will also assist in developing and maintaining a regional operational risk program and its regulatory requirements for Brazil and other Latin America countries.
Assists with the development and maintenance of Brazil and other Latam Countries Operational Risk 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.
Monitors the regulatory environment to identify regulatory changes applicable to Operational Risk and maintains a comprehensive regulatory inventory; may support communication of regulatory changes to the FLU/CF and ensuring that policies, standards, procedures and/or processes are appropriately implemented or amended to address regulatory requirements.
Assists in identifying, aggregating, reporting, escalating, inspecting and challenging remediation plans, and performing thematic analysis on FLU/CF-owned issues and control enhancements.
Assists in remediating LATAM Operational Risk “owned” issues and control enhancements
Contributes to risk coverage plan development, executes independent risk monitoring, testing, and risk assessments, communicates results
Reviews and challenges the FLU/CF process, risk, SPI inventory and FLU/CF Risk & Control Self-Assessment (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
Core skills and requirements:
Minimum of 5-10 years of prior experience within Operational Risk and/or Operations or other correlated areas of Financial Institutions in Brazil, more focused on the Operational Risk management activities;
Bachelor degree in Business, Economics or Engineering are desirable;
Ability to manage concurrent activities;
Ability to work in a very detailed and efficient manner and conduct a risk/reward analysis;
Ability to effectively build relationships with business partners and local stakeholders;
Effective oral and written communication skills;
Fluency in Portuguese and English required. Fluency in Spanish will be a plus
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We are committed to attracting and retaining top talent around the world to ensure we continue to deliver ...