Job Description

Reference # : 21-01099Title : Risk Analyst
Location : New York, NY
Position Type : Contract
Experience Level : Start Date / End Date : 08/09/2021 / 08/08/2022
ICG Businesses - Risk and Control – Risk Support Team
These roles will support the Institutional Clients Group (ICG) businesses within Major Global Bank, which are global, high focus and risk areas and include the following:
Markets and Securities Services (Client) – includes various trading and sales businesses within Equities and Fixed Income, prime brokerage, futures, and custody businesses
Banking and Capital Markets Origination –the investment bank and origination businesses
Client Private Bank – handles high net worth clients and is aligned with both the ICG (Institutional) businesses and Consumer businesses and regulations
Trade Transaction Services Businesses –engaged in trade processing, clearing and payments processing
ICG Operations and Technology supporting these ICG businesses
The staffing needed will support the risk and control staff engaged in the Regulatory Inventory Mapping (RIM) project to support business as usual control activities, as well as 1 person to support the Compliance project lead.
20 total – 15 in Newport NJ office, 1 in NYC (388/16 – for Compliance lead) 2 in the Belfast Office and 2 in the UK office
The ICG risk and control functions oversee the ICGs controls framework to ensure that best practices are employed across the organization and works closely with the ICG businesses and support functions to ensure execution of a consistent and robust control environment. This support includes developing and executing a standard model for the Manager's Controls Assessment (MCA) process, operational risk support, metrics and analytics, control monitoring and required attestations, hosting and minuting key control meetings, developing presentations for reporting and management awareness and other control activities needed.
To enhance the risk process are looking for individuals with the following skill sets to join our team in the listed areas below:
Provide support to risk and control team members engaged in the RIM project which can include the following:


• Key role in transitioning the GRC MCA program from implementation to Business As Usual (BAU) phase
• Deliver tasks and deliverables as part of MCA Program Management
• Implementation of Regulatory Inventory integration with Client Risk & Controls Platform
• Data Quality Analysis on MCA Data and engagement with Business contacts including Architects, Assessment Unit/MGE Owners / Coordinators
• End to End process flow standardization
• Monitoring and documentation support
• Reporting of results, issues and trends for management follow up - summarize and present analysis in concise, though-provoking and action driven manner. Prepare materials and present results of analysis
• Data Input and management of GRC MCA information
• Identify and help remediate gaps in existing implementation of MCA Program
• Support review and identification of key operational risks and significant unmitigated operational risk exposures in MCA for remediation


• Support the integration of the global regulatory inventory into the Major Global Bank risk and Control tool
• Support the business and functions to connect local and global regulations to the underlying activities risks and controls within the assessment units
• Support and coordinate MCA to help align regulations in order to cascade the information to underlying assessment units
• Work in partnership with key businesses to achieve success in the implementation of the global regulatory initiative
• Provide system support and guidance on mapping of regulations to ARCMs


• Provide support for various operational and fraud risk management programs following strategic directions set by ORM Senior Management – including loss reporting, risk identification and metrics analytics, quarterly attestations, scenario analysis, lessons learned reviews, issue management and reporting; senior business management control reporting for high profile governance forums

• One person to support the Compliance (ICRM) RIM engagement lead. Key tasks include reporting, analytics, documentation, issue management, business and meeting coordination and other key activities/projects
Development Value:
The successful candidate will part of a Global team, which leads and manages initiatives with global, firm wide implication. As such, the role entails top-level exposure across the Firm's key businesses and Regions.
• Bachelor's Degree or higher
• Control, Compliance, Audit and/or Operational Risk experience
• Relevant experience in risk identification, assessment, monitoring, and remediation will be an additional strength
• Compliance, legal or regulatory background a plus
• Strong Analytical skills and presentation skills
• Knowledge of Risk and Control Self Assessments is an advantage.
• Knowledge of Banking and Broker Dealer environment is an advantage
• Confident and concise verbal communications skills, including the ability to influence and negotiate with senior management
• Experience managing / working on complex projects, with variable stakeholders and within tight deadlines
• Ability to multi-task in a fast paced environment
• Series 7, CPA or other professional degrees a plus
• Strong MS office knowledge including Excel, Word and Power Point -- Access, VBA, SQL skills is an advantage
• Strategic thinker, strong analytical skills; both quantitative and qualitative
• Ability to analyze problems and formulate conclusions and recommendations
• Excellent organizational skills, ability to multitask with capacity to organize and prioritize workload within a complex environment with competing and subtle resource demands
• Outstanding attention to detail
• Unwavering commitment to co-operative and collaborative working
• Ability to speak confidently and authoritatively on a range of subjects and influence opinion
• Strong ability to coordinate and facilitate work projects both on the ground and with remote units
• Strong Stakeholder and Senior management engagement skills
• Leadership skills and ability to take initiative
Other Competencies:
• The candidate should be able to work individually and collaboratively with other teammates with the goal of meeting team-wide and senior management expectations
• The candidate should demonstrate the ability to pro-actively develop the role beyond the parameters set by direct instruction
• The candidate should be able very reliable, with the ability to work through tight deadlines and respond quickly and with authority


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