Operational Risk Manager- Investment Risk recruitment
Vanguard, one of the world's largest investment management companies and a recognized employer of choice, seeks an operational risk manager to support risk management in Investment Management Group (IMG) through evaluation, mitigation and monitoring of operational risks.
Your primary duties and responsibilities:
- Conducts operational risk assessments in targeted areas or processes. Works with business unit teams to mitigate risks and optimize the processes. Uses industry 'best practice' knowledge to design effective controls and monitors key controls for operational effectiveness. Interprets recommendations from consultants and others in the area of operational risk and implements in consultation with Risk Management Group (RMG) leadership. Makes recommendations as to resourcing of initiatives.
- Leads upgrade and implementation of policy and procedures with the investment teams in Fixed Income Group (FIG) and Equity Investment Group (EIG). Partners with IMG, Legal and Compliance crew to develop the content, manage change and ensure version control. Collaborates with global counterparts to take IMG policy and procedure to a global standard.
- Monitors and ensures that IMG is in compliance with prospectus policy and portfolio management guidelines. Monitors risk and assesses control effectiveness in key areas such as counter party risk, trading processes and others areas of operational risk.
- Identifies leading operational risk indicators through alignment of metrics with risks and controls. Develops and maintains metrics to communicate the status of compliance measures effectively. Embeds operational risk indicators in dashboards and reports for local and global stakeholders.
- Establishes and makes recommendations to maintain the framework for monitoring and analyzing risk processes ensuring program is compatible with VGI's enterprise risk framework.
- Tracks internal events for root cause trends and identifies external events for lessons learned opportunities.
- Facilitates transitional state risk management for significant operational changes, assesses impact, works with business units to plan for smooth transition, and evaluates and mitigates the risks associates with the change. Interfaces with other groups such as FFS, Legal, Compliance, Tax, PRD, and vendors to support change management.
- Develops and maintains knowledge of financial markets, securities and general investment themes in order to bring an informed perspective to risk management processes. Builds technical knowledge of systems and data used by the department including: Blackrock, Wilshire, PACE, Lehman Point and PC product, Bloomberg, CRD, Axioma, etc.
- Participates in special projects and performs other duties as assigned.
Qualifications
The ideal candidate should possess:
- Undergraduate degree of equivalent combination of training and experience. Graduate degree preferred.
- Minimum of five years related risk management and controls work experience.
- Knowledge of risk assessment and controls frameworks.
- Solid business acumen, flexibility, and judgment to evaluate issues/problems of high complexity and make sound decisions.
- Solid analytical skills and understanding of processes, technology and operational concepts.
- Track record of success in managing people.
- Strong interpersonal and communication skills to lead change.
- Self starter with ability to learn quickly and have an impact.
- Ability to manage multiple projects and priorities.
- Interest in investing and capital markets.
- Proficient with Microsoft Office applications.
Note: Vanguard is not offering visa sponsorship for this position. Additionally, employment is contingent on a successful drug-screening result.
August 5, 2012
• Tags: Accounting & Finance careers in the USA, Operational Risk Manager- Investment Risk recruitment • Posted in: Financial