Operational Risk and Internal Controls Specialist

Duties & Responsibilities

• Work with various business partners to facilitate the completion of all activities assigned to them within their business units.
• Assisting the Principal Risk Owners and Principal Risk Coordinators in identifying key risks and mitigating controls in day-to-day operations and projects, as well as designing and executing tests to identify potential control weaknesses, and preparing appropriate documentation
• Assist business partners in developing action plans to address the control gaps identified in the mitigation measures.
• Monitor the completion of all assigned tasks by business partners to ensure that agreed-upon changes have been implemented.
• Create Key Risk Indicators and support business partners in developing action plans
• Perform duties and responsibilities specific to the department's functions and activities
• Identify risks and analyze operational gaps and activities
• Conduct self-assessments or controls to identify potential control weaknesses or deficiencies discovered during the design of working papers and the performance of tests to identify potential control weaknesses
• Review new product proposals to ensure they are supported by documentation and comply with laws and regulations. Provide feedback to committees, if necessary.
• Assist third parties with the overall assessment process and the ongoing monitoring of outstanding items that require follow-up and resolution.
• Conduct regulatory processes, conduct research, and recommend appropriate changes to minimize these issues
• Monitor compliance with BSA/AML policies and procedures. Compliance with the Anti-Money Laundering Act and the Bank Secrecy Act (BSA) and related policies and procedures.

Qualifications

• A bachelor's degree in business or a related field is preferred; equivalent work experience will be considered.
• At least 2 years of experience in a bank and/or brokerage firm, specializing in operational risk, audit, or risk assessment roles.
• Proven ability to develop, document, and maintain operational risk documentation that details process flows, as well as to develop policies, procedures, and reports.
• Experience conducting assessments, reviews, audits, and/or testing across various business areas and processes.
• Experience working with Excel, Access, and/or other similar tools to develop and maintain various analysis and reporting tools.
• Knowledge of tools used for data science and other statistical analyses, 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.
• Advanced skills in Microsoft Office applications, specifically Excel, Access, PowerPoint, and Word.
• Strong communication skills.
• Fluency in English.
• Fluency in Spanish and/or Portuguese is preferred.