Group Operations Risk Assurance Director
UBS is a global firm, providing securities and other financial products in equities, fixed income, rates, foreign exchange and metals as well as advisory services and access to the world’s capital markets for corporate and institutional clients, governments, financial intermediaries and alternative asset managers.
Group Operations Risk Assurance is responsible for providing senior Group Operations management and internal partners with independent analysis and assessment of the process, risk and control framework across all Group Operation's functions. Risk Assurance is a team that will provide design assessments and reviews on various processes as well as continual testing to provide assurance on the operating effectiveness of control standards within Group Operations.
Various events have emphasized the need to have a well designed control framework which operates effectively as well as a process to identify inconsistencies in the way that controls have been implemented and operate.
The Risk Assurance Director would have the following responsibilities:
a) Review and assess the design and operating effectiveness of control standards in Group Operations and how they have been implemented by Operations Staff
b) Report findings clearly and concisely to Group Operations management and Operations Functional Management
c) Provide input into the planning process for establishing a risk based testing matrix
d) Consider whether the control standards have been appropriately interpreted and associated actions are appropriate to manage the risks
e) Where risks are not managed effectively through the existing control environment identify the root cause for the gap
f) Identify action plans in conjunction with the operations line to address the root cause of the weakness in the control environment which are both timely and sustainable
g) Self-motivated individual, able to work as part of a global team as well independently, requiring minimum levels of supervision.
H) Ability to convey information clearly, accurately and concisely, all levels of management, as well as a broader audience.
I) Implementation and results oriented
J) Strong interpersonal, presentation, and influencing skills
The scope of the role also includes liaising with Group Operations staff as well as across Operations lines, WM Shared Services, Operations management and IT (where applicable) and all other relevant functions on both regional and global basis. You will gain exposure to all parts of operations and product types.
Skill set -
• Proven related experience in financial services industry with focus on controls, auditing, and operational processes. Sarbanes Oxley experience a plus.
• Knowledge and experience in Operational risk in Investment Banking and/or Wealth Management, with a focus on Operations and related risks.
• Strong Organizational Skills
Audit background with preference for a CPA/CIA (or equivalent license)
• Client-facing (internal) experience
• Strong risk and control mindset essential
UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.
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