Asset and Wealth Management Operations- Risk Governance- Vice President- Salt Lake City

YOUR IMPACT

Do you have deep subject matter expertise and a passion for risk management? We're looking for a professional to join our Risk & Resilience team specifically focused on the risk within the Wealth Management (WM) Operations area; someone who can proactively hunt for and monitor risk across the supported business units.

OUR IMPACT

WM Operations Risk and Resilience is a team of Embedded Risk Managers (ERMs) that closely partners with WM Operations leadership and line managers to continuously measure and assess levels of risk for existing and new processes within the subdivision. The ERMs utilize components of the Operations Risk Management Framework to improve consistency of risk measurement and risk assessment practices across the subdivision.

WM Operations Risk and Resilience is responsible for coordinating the Operations Risk Management framework activities across our subdivision, with particular focus on risk reporting, remediation, and governance. Other key responsibilities include pro-actively improving the risk and control framework across Operations through more objective control assessments, conducting post implementation reviews, and developing risk training programs and risk management tools.

Our team of critical thinkers partners with groups in all areas of the firm to perform data analytics and reporting. The role includes leveraging key contacts in the division, managing senior leadership conversations and driving risk meetings on a weekly basis, facilitating the Risk and Controls Self-Assessment (RCSA) process, performing targeted risk assessments as well as using personal initiative to ensure appropriate judgement in both planning, project, and event management.

HOW YOU WILL FULFILL YOUR POTENTIAL

• Be a proactive risk manager such as probing when incidents occur and assessing the risks the teams are running by truly embedding in the business. Conduct risk reviews on areas with particular concern and make recommendations/suggestions to socialize and close risk & control gaps.
• Review and analyze data, generate metrics, and help with ad hoc projects leveraging data analytics.
• Partner with colleagues across teams around the globe while contributing to and managing various ERM-driven programs. Represent Risk & Resilience on forums to ensure accurate reflection of our functions, controls, and frameworks.
• Challenge the status quo - challenge the risk and control framework to further enhance the control environment. Identify and drive initiatives that improve the risk and resilience management activities for WM Operations in partnership with Firmwide Operational Risk teams.
• Partner with the business units to understand the residual risks that exist after issues are identified and resolved. Engaging with Engineering and cross asset teams to achieve this.
• Risk Analysis - work with the team and other regional/functional Operations groups to identify key risk metrics (e.g., via KRIs) and highlight areas of concerns while working with line managers on remediation efforts. Drive the agenda and conversations in risk meetings.
• Risk & Control Self-Assessment (RCSA) - work with line managers in ensuring the RCSA risk and control templates reflect the current risk environment and vet through RCSA issues raised to ensure proper remediation is in place.
• Work closely with embedded risk managers in other locations to share key initiatives and best practices; promote partnership with the wider Risk Management organization.

SKILLS & EXPERIENCE WE'RE LOOKING FOR

This role requires a self-starter who can work independently and liaise with various Operations and Federation teams globally. Solid experience and prudent knowledge in the Firm's operational processing and control requirements are required together with strong interpersonal and analytical skills for this role.

BASIC QUALIFICATIONS

• Excellent communication skills with ability to clearly articulate issues and ideas with different levels across key stakeholders. Must possess ability to engage with and influence stakeholders outside of their direct control.
• Strong control mindset with a passion for risk management
• Strong analytical skills with an ability to understand complex workflows, and excellent attention to details.
• Must possess the ability to perform data analytics using metrics to identify trends and themes. Should have proficiency in Excel and SharePoint, and the ability to take data-driven decisions.
• Demonstrates strong technical skills required for the role, takes initiative to broaden his/her knowledge, and demonstrates appropriate financial/analytical skills.
• Sound time management skills to be able to effectively prioritize and multi-task.
• Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks.
• Proven track record of improving processes and demonstrating successful teamwork.
• Proven ability to effectively manage operational risks and to develop control enhancements.
• Good interpersonal skills to build strong relationship with key stakeholders within and outside of Operations.
• Good influencing skills to work with the Operations team in challenging the status quo and continuously enhancing the control environment.
• Demonstrated ability to be Innovative and generate ideas and suggestions.
• Possesses experience looking for new ways to improve current processes and develop creative solutions that are grounded in reality, and have practical value.

PREFERRED QUALIFICATIONS

• Knowledge of business intelligence tools such as Alteryx and Tableau.
• Strong project management skills.
• Solid knowledge & experience in the Financial Services industry.