IT Internal Controls Specialist I

Job description

Tasks and responsibilities

• Specialized support for the Operational Risk and Internal Controls team in assessing business and operational processes, risks, and controls to ensure that they are appropriate and reliable.
• Collaborate with various business partners to complete risk assessments and targeted operational risk assessment projects.
• Supporting the Principal Risk Owners and Principal Risk Coordinators in identifying key risks and mitigation measures within their business units.
• Conducting assessments to identify key risks and mitigation measures in day-to-day operations and projects, as well as designing and conducting tests to identify potential control weaknesses.
• Developing action plans to address gaps in mitigation measures.
• Investigating and evaluating the causes of loss or gain events and assisting business partners in addressing control deficiencies.
• Review new product proposals to ensure that they comply with internal guidelines, the approval process, documentation, and applicable laws and regulations.
• Testing self-assessments and controls to identify potential control weaknesses in departments and functions and recommend changes to minimize these weaknesses.
• Supporting third parties in the overall assessment and ongoing monitoring of open issues that require follow-up and resolution.
• Conducting research on regulations, disseminating information about regulations, and providing opinions and advice on regulations.
• Reviewing policies, procedures, and practices to ensure they comply with laws and regulations, and implementing changes as necessary.
• Monitor the completion of all assigned activities by business partners to ensure that the agreed-upon changes have been implemented to address identified control weaknesses.
• Preparing reports on completed evaluations and materials for committees.
• Developing key risk indicators and supporting business units in the development of indicators.

Requirements

• Degree in business administration or a related field; at least 2 years of experience in the banking and/or broker-dealer industry, specializing in operational risk, audit, or risk assessment.
• Demonstrated ability to develop, document, and maintain operational policies and procedures.
• Experience conducting evaluations, reviews, audits, and/or tests in business, commercial, and/or operations areas.
• Experience with Excel, Access, and/or other similar tools; development and maintenance of analytics and reporting tools.
• Knowledge of data science and statistical analysis tools such as SAS, Tableau, ACL, R, or Python (preferred).
• Knowledge of U.S. banking and broker-dealer regulations, the Sarbanes-Oxley Act, and COSO methodology.