Operational Risk Associate

New York, New York Permanent USD85,000 - USD131,000 per year Hybrid working
  • Client will move quickly qualified candidates
  • Hybrid work model

About Our Client

One of the largest and most established foreign banking institutions in NYC.

Job Description

  • Executes the operational risk governance framework and RCSA program under the direction of the Group Head.
  • Produces Operational Risk Event reports as needed, coordinating with relevant departments.
  • Provides weekly updates on outstanding operational risk events and tracks remediation items.
  • Assists in managing the firm's Risk Management Program as required by CFTC Rule 23.600.
  • Periodically analyzes the firm's Risk Tolerance Limits and Risk Appetite Framework, proposing updates as needed and obtaining approvals from the Global Risk Management Committee (GRMC).
  • Collaborates with Group Head to plan for upcoming regulatory requirements such as FRTB, CFTC Capital Rule, etc.
  • Supports Group Head in coordinating the New Product Committee (NPC) process for the Head of Risk Management, reporting updates and outstanding issues related to the NPC.
  • Records official meeting minutes for GRMC and NPC.
  • Monitors the firm's compliance with the Volcker Rule and provides monthly analysis.
  • Generates daily risk analytic reports as directed by the Market Risk and Analytics Group Head.



MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

The Successful Applicant

  • 3-6 years of relevant Finance experience, with a focus on derivatives and a deep understanding of key risks, especially interest rates and FX products.
  • Familiarity with risk concepts and valuation methods such as VaR, stress-testing, counterparty exposure estimation, liquidity estimation, model assessment and validation, and documentation and reporting approaches.
  • Profound knowledge of U.S., non-U.S., and international banking laws, with a specific focus on Risk Management frameworks and regulatory requirements.
  • Expertise in the Dodd Frank Act, CFTC Rule 23.600, the Volcker Rule, and Swap Dealer registration requirements.
  • Excellent communication, leadership, and relationship-building skills, enabling effective collaboration with internal departments, affiliates, Head Office, and regulatory bodies.
  • Strong reasoning ability, capable of understanding complex situations and system needs within a risk management environment.
  • Robust analytical skills with meticulous attention to detail.
  • Proficiency in project management, including the ability to work independently and implement new risk controls and processes, including technology infrastructure.
  • Exceptional communication and presentation skills.
  • Expertise in collaborating with internal risk management colleagues, Front Office, and Middle & Back Office personnel across all subsidiaries and globally.

What's on Offer

My client is offering a competitive compensation package, salary + bonus. My client is offering a hybrid work schedule as well. Must be authorized to work in the United States.

Contact
Thomas Falus
Quote job ref
JN-022024-6336657

Job summary

Sector
Banking & Financial Services
Sub Sector
Risk Management
Industry
Financial Services
Location
New York
Contract Type
Permanent
Consultant name
Thomas Falus
Job Reference
JN-022024-6336657
Job Nature
Hybrid working