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Cyber Risk Associate - 1905627##Description[POSITION SUMMARY] The Associate, Operational Risk supports the strategic development, implementation, and effective execution of the Operational Risk (OR) program, the key program elements of which cover: internal loss, external loss, risk assessment, business impact assessments, KRIs, scenario analysis / stress testing, training, awareness, and communication, issues and remediation planning, tracking, MIS and reporting, testing, compliance, and monitoring.[RESPONSIBILITY STATEMENTS]Analyzes, measures performance, monitors trends, defines limits according for Corporate Banking Op Risk exposures in accordance to Risk Appetite.,Assisst in the ongoing oversight of Corporate Banking Operational Risk (OR) Framework in support of the first line of defense.,Contributes to escalation, reporting, communication to Risk Governance Forums.,Helps drive culture of risk awareness.,Participates in the creation and delivery of OR business-tailored training.,Supports the creation, management and development of OR program strategy, policies and models within the Corporate Banking Business.##Qualifications[EDUCATION] Bachelor's Degree; Business, Finance or equivalent field.,or equivalent work experience; [WORK EXPERIENCE] 5-9 years; Risk Management/ Risk MIS [SKILLS AND ABILITIES] Ability to adapt and adjust to multiple demands and competing priorities.,Ability to adjust to new developments/changing circumstances.,Ability to convey a sense of urgency and drive issues/projects to closure.,Ability to effectively interact with the market, executive management and vendors.,Ability to handle conflict resolution with other groups to ensure appropriate accounting guidance is followed.,Ability to independently operate in a complex, matrixed environment; adept at delivering and maintaining productive working relationships across business, functions, geographies and lines of defense,Advanced understanding of key inherent risk and risk management control practices.,Excellent written and oral communication skills.,Knowledge of workflow/processes and risks/controls, including: origination, underwriting, servicing, and collections/workout.,Strong analytical, organizational and project management skills., Strong risk management principles, methodologies and tools, governance principles and activity preferably in a financial services technology environment. [PHYSICAL DEMANDS] Minimal physical effort such as sitting, standing, and walking. [COMPETENCIES] Communicates in a timely and straightforward mannerProbes for additional information, clarifies assumptions and confirms agreed-upon actionsKeeps everyone involved informed about progress and issues,Communicates the importance and benefits of risk management to counterpartsDisplays natural skepticism and curiosity to question the status quo and uncover issuesAdheres to a good root cause analysis process,Creates a good working environment in the team; works towards shared goals contributing ideas and accepting change Provides assistance and coaches less experienced team members,Executes risk management process and procedures without management direction, and demonstrates awareness of expected resultsKnows the relationship and impact of actions and resultsHas an understanding of regulations impacting area supported,Follows through to meet commitments to others Takes responsibility for achieving strong results, despite balancing multiple complex demands,Knows who to reach out to inside and outside of one?s team to get work doneTakes action to enhance working relationships needed to achieve seamless work flow,Stays current with industry and regulatory trends and emerging risk issuesHas good understanding of current market and competitive landscape that the organization operates within,Uses information and data effectively to support a position and present a rational case
Job : Risk Management
Primary Location : Massachusetts-Boston-75 State Street - 06366 - State Street-Corp##
Organization : CRO (8855)
Schedule : Full-time
Job Posting : Oct 31, 2019, 1:25:11 PMAN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO
