Vice President Operational Risk - CIB - Phaxis LLC

Key Responsibilities

• Lead a team managing risk within assigned business coverage areas.
• Execute the Effective Challenge & Oversight Framework for these areas.
• Support deep dive reviews with the First Line of Defense on significant risk events and operational losses.
• Participate as Second Line of Defense SME in business-aligned scenario workshops.
• Participate in Risk and Control Self-Assessment (RCSA) workshops, providing feedback during and post-execution to the FLoD.
• Analyze FLoD owned issues for common root causes, review issues per the Issue Management policies and standards, and monitor resolution for assigned areas.
• Partner with FLoD to develop appropriate key metrics and monitor operational risk reporting and metrics for negative trends or escalation items.
• Fulfill SLoD ORM roles defined by Risk Governance Processes (e.g., Risk ID, Strategic Planning review, LoB RAS review and challenge).
• Oversee the development and production of periodic operational risk scorecards and reports, providing executive management a consolidated view of the assigned business lines' adherence to the operational risk framework
• As a Director within the ORM SLoD team, contribute to the design of ORM Framework components.
• Coordinate with internal Operational Risk stakeholders to ensure program expectations are understood and incorporated into the business line review and challenge program.

Qualifications:

• Bachelor's degree in Finance, Business Administration, Risk Management, or a related field. Advanced degree preferred.
• Minimum of 10 years of experience in operational risk management, preferably within a banking or financial services environment.
• Demonstrated experience in managing and leading risk management teams.
• Strong knowledge of risk management frameworks, RCSA, scenario analysis, and issue management.