ROLE SUMMARY:

Management, supervision and training of direct reports (based in London and New York)

• Oversight and performance of ongoing control incident and OpRisk loss collation and enrichment processes.
• Review of control incidents and OpRisk losses reported by various divisions within the bank.
• Enrichment and categorisation of internal OpRisk loss data for regulatory reporting and OpRisk capital purposes.
• Review of external OpRisk-related news articles for use in determination of OpRisk Capital.
• Reconciliations between divisional incident collation systems and in-house database used for regulatory OpRisk loss reporting.
• Review of New Entity reports, Equity error accounts and quarterly schedules of significant accounting adjustments to ensure completeness of OpRisk loss reporting.
• Liaison with key OpRisk contacts within the bank.
• Oversight of the production of OpRisk incident and loss reports.
• Adhoc reporting and analysis of internal loss data.
• Involvement in the process of determining scenario parameters used in the calculation of OpRisk Capital.
• Preparation of OpRisk scenario templates outlining factors considered in determining scenario parameters
• Chairing meetings of “business experts” to discuss scenarios.

THE ROLE INVOLVES:

• Bank Operational Risk Oversight
• Helping the bank understand, assess, challenge and mitigate operational risks, especially for major risks that affect more than one division.
• Communicating best practice solutions throughout the firm and ensuring that lessons learned are shared across the bank.
• Developing and implementing methodologies for determining operational risk capital and other management information reporting.
• Leading the regulatory and external dialogue on operational risk.
• Responsibility for internal and external loss data collation across the firm.

CANDIDATES:

• Qualified candidates, please send your CV to louis.altman@hudson.com