Loans Operations Risk & Control Manager – VP recruitment
A leading Tier 1 Investment Bank are looking for a Senior VP with strong loans experience to join manage a small team within the Operation Risk Control division.
Key Objectives:
Develop own the control agenda for Operations supporting Global Loans, to include owning Risk Control governance processes, RC projects, incident investigation risk reviews. The role will focus on governance, accountability ownership, transparency of information developing a culture of self assessment continuous improvement.
Proactively work in partnership with the central Risk Control team the functional lines to identify key areas of risk or adequacy of controls based on an assessment of technology infrastructure, transaction volumes, product complexity, control environment operating procedures.
Build up maintain a strong governance infrastructure to assess track;
Deteriorating trends on key control indicators, escalate work with the line managers to assess root cause develop a remediation plan.
Outstanding audit points, root causes associated with errors incidents leverage lessons learnt to drive change.
Risks associated with monthly letter of rep/balance sheet substantiation process sign off.
Build a robust framework to report/monitor key controls through daily weekly KPIs, leading workstreams to implement develop strategic reporting tools.
Conduct control self assessments to review effectiveness of internal control processes.
Benchmark existing control environment against best practices.
Development of action plan with owners accountability to close control gaps.
Lead development, implementation monitoring of Operations Control Tools across Global Loan Operations.
Collate RC metrics control messages for Senior Management presentations, represent Loans in Senior Management forums.
Drive implementation of RC framework across outsourced activities track control risk in outsourcing programmes.
Main Duties:
Lead a small team of Risk Control specialists.
Set priorities, manage deliveries develop people.
Ensure adherence benchmark against best practice controls.
Independently review effectiveness of control procedures.
Establish robust infrastructure to report, track assess key risks.
Work with Line managers to remediate control gaps identified from root cause analysis lessons learnt.
Provide updates on Loans Risk Control environment any open issues to regular Senior Management forums.
Additional Agency Information
We are keen to find a strong performing self-starter, with an inquisitive mind, good process knowledge and experience of Investment Banking risks and associated control frameworks, to lead the Global Loan Operations Risk Control team. Experience of the loans market is preferred but not essential.