Operations Risk Analyst - Securities

London  ‐ Onsite
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Description

Operations Risk Analyst - Securities

Bank of America is currently looking for an experienced Operations Risk Analyst with Securities experience

KEY RESPONSIBILITIES

The Operations Risk, Control & QA Analyst will be product or functionally aligned to Core Processing Cash Management Global Market Operations and will be responsible for:
*Act as the day-to-day Operations Risk Control & QA Analyst providing guidance for all risk and control issues that arise
*Perform Risk reviews of High Risk Processes, including regular Quality Assurance testing of key controls. Produce & present reports detailing control design and effectiveness ratings.
*Perform a monthly independent risk assessment based on key risk and environmental risk. Set risk appetite and risk scoring. Present findings and opinions to senior management
*Assist the LOB with development of control policies and procedures
*Assist LOB in developing SIAI's and coordination of tollgates with Corporate Audit and COO team
*Assist the LOB with documenting and reporting Ops Losses and near miss data. Understand root cause, make recommendations for improvements to operational processes and facilitate any changes
*Oversee the updating of process control documentation by the LOB (process maps, business self-assessment, etc.) throughout the year, as process/controls/staffing changes occur.
*Support the timely closure of LOB Process Control Standard gaps, review LOB action plans and eMonitor/gather/provide status reporting of issue remediation plan milestones to the Audit Liaison team
*Assist in the completion of pre-audit review documentation
*Assist in the identification of key risks and Key Risk indicators/Key Control Indicators with the LOB
*Monitor Task Tracker supervisory reviews and escalate non-compliance as required
*Assist the LOB with control implementation/modification based on regulatory updates.
*Attend weekly control meetings to review and action control breaks and issues.
*Complete the requirements as set out by the Global Risk & Control function in respect of specific initiatives and projects eg payment controls including SSIs, payment thresholds, segregation of duties, Quality Assurance & Control,OFAC controls, confidential data, balance sheet & EIRT.
*Work closely with other divisions eg Middle Office, Technology, Finance, Audit, Compliance on key control issues to develop appropriate reporting and processes.

SKILLS/EXPERIENCE
The candidate will require experience of working in an Operations environment. Risk, audit or control experience is also desirable.

Essential:
*Risk Analysis skills (data and process) - Ability to analyse control process to identify key issues eg review control processes, map out key controls, identify control gaps and make recommendations. Ability to analyse complex data and make an assessment of risk eg review key risk and environmental indicators for a product and determine H,M,L risk status. Review incidents and loss events establish exposure and recommendations for change
*Influence - Ability to influence outside of direct team to facilitate changes to control environment eg through review of incidents and losses. Ability to challenge in a firm but non confrontational manner
*Organisational Skills - Excellent Organisational & Multi-tasking skills to support monthly risk process whilst at same time addressing variety of ad-hoc requests and issues as they arise. Ability to work to tight deadlines and produce accurate and complete analysis
*Communication - Ability to deal and communicate at all levels within the organisation. Advanced written, verbal and presentational skills. Ability to discuss and defend risk opinion to senior management and product line 'expert'
*Control policy - Detailed understanding of operations support functions (securities and asset servicing) processes, procedures, controls and practices. Ability to be able to advise on appropriate approach, policies and standards for the respective operations product areas
*Product experience - Knowledge across operations product processes and control environment (Asset servicing and securities)
Regulatory environment - understanding of the regulatory environment as it applies to operations and specifically for transaction reporting and client money

Please apply to (see below)

Hy-phen Limited is acting as an Employment Business in relation to this vacancy.

The Adecco Group UK & Ireland is an Equal Opportunities Employer.

Start date
ASAP
Duration
6 months
From
Hyphen
Published at
19.08.2015
Project ID:
968393
Contract type
Freelance
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