The corporate Operational Risk Department (ORD) actively works with the business units to identify, manage and mitigate areas of risk which might arise from inadequate or failed internal processes, people and systems, or from external events. ORD monitors operational incidents, regularly assesses areas perceived as high risk, partners with business units on a variety of risk-related projects, and reports directly to executive management.
The RCSA manager will report to ORD and work with the firm’s businesses groups to help them meet requirements of the Risk & Control Self Assessments (RCSA) process.
1. Manages timely production of RCSAs, reports, and ensures action plan follow up.
2. Provides RCSA QA review and analysis, including identifying opportunities for control improvement
3 Assists and provides guidance to lines of business and/or support groups in undertaking the RCSA process
4. Develops and maintains procedures and makes recommendations about the design and implementation of RCSAs based on industry best practices
5. Assists ORD in maintaining effective and professional relationships with senior management, internal and external auditors, Federal and State regulators, and others dealt with in a professional capacity
6. Consolidates and prepares summary reporting for High Risk RCSAs.
Required Education or Equivalent Experience
• Bachelor’s Degree in Operations Research, Business Administration, Finance, Accounting, Industrial Engineer or other related business fields or the equivalent combination of education and experience required
• Working knowledge of operational risk management in relation to Basel II and Sarbanes Oxley
• Minimum of seven to eight years of risk management, operations, and/or auditing in a financial or banking institution, such as:
- Basel II Capital Accord and related U.S. implementation rulemaking
-Control and disclosure systems
-Bank products, including deposits, loans, capital markets
-Financial and regulatory reporting
-Asset and liability management
-Bank policies and procedures
-Bank laws, regulations, accounting pronouncements, and SEC regulations
-Trust and fiduciary activities
-Treasury and investments
• Experience with identifying and assessing risks and related controls within banking processes and activities
• Working knowledge of effective process design methodologies preferred
Administrative/Technical Skills/ Other Information
• Strong analytic skills
• Strong interpersonal skills
• Ability to be a self starter and work independently as well as part of a team
• Demonstrated leadership and facilitation skills
• Excellent oral and written communication skills
• Collaborative partner
• Ability to interact with all functions and levels including senior management
• Ability to prioritize workload and meet deadlines
• Good presentation skills a plus
• Strong Word, Excel, Power Point and Visio skills
• Project Management experience including business/process analysis, documenting gaps and making improvement recommendations
Bank of the West - 2 years ago
What is now Bank of the West has expanded over 130 years from the California frontier to its current position. The bank now serves nearly 4...