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G10 FX - Compliance and Operational Risk Manager

New York, New York

Job Description:

  • Specific Job Description
    The G10 FX Compliance and Operational Risk (C&OR) manager executes the Compliance and Operational Risk Management (CORM) Program for G10 FX. In particular, the G10 FX C&OR manager is responsible for the following:

  • Provides ongoing guidance and training to the G10 FX Front Line Unit (FLU) (including voice and electronic trading, sales, and payments teams) on applicable policy requirements and applicable laws, rules and regulations, including technical questions and specific questions on transactions
  • Manages and periodically updates, as necessary, compliance policies and procedures applicable to the G10 FX FLU and Control Functions (CFs)
  • Monitors businesses activities and independently assesses compliance and operational risk within the G10 FX, including through risk assessments, on G10 FX processes and controls
  • Executes the operational risk elements for G10 FX, including operational loss analyses, thematic reviews, quality assurance and scenario analyses, as necessary, to identify emerging risks, trends and/or patterns
  • Participates in governance forums and management routines for G10 FX, and provides input, guidance and challenge to the G10 FX FLU and CFs
  • Proactively identifies emerging risks and control needs for G10 FX, including compliance monitoring and testing / surveillance, develops new and enhances existing controls, and manages the output of those controls, such as monitoring results and testing / surveillance alerts
  • Contributes to the resolution of regulatory issues, matters requiring attention, and internal issues with the G10 FX FLU and Control Functions, including Internal Audit

Required skills:

  • 5-10 years in an G10 FX or related compliance and/or operational risk role, ideally at a major bank / institution
  • Must have a proficient and working knowledge of currency markets – benchmarks / fixings, electronic and algorithmic trading, venues and systems (e.g., operational and technological aspects)
  • Strong compliance knowledge, including Dodd-Frank and of industry best practices (e.g., FX Global Code)
  • Excellent verbal and written communication skills with knowledge of and proficiency in the use of systems, technology and case management terminology, and the ability to translate technical terms into plain English
  • Self-starter / go-getter with the ability to identify an issue, initiate a solution, and see it through to completion, including involvement with the FLU, CF and regional compliance partners (i.e., self-motivated, operates with a sense of urgency and strong attention to detail)
  • Must be able to communicate (i.e., present) effectively in large forums, including with senior level management, and across functions
  • Will be required to make strong recommendations and provide sound guidance to effectively advance projects across a globally integrated enterprise

General Job Description

The Compliance and Operational Risk (C&OR) Manager is responsible for engaging in activities to provide independent compliance and operational risk oversight of Front Line Unit (FLU) and Control Function (CF) performance and any related third party/vendor relationships in alignment with the Global Compliance Enterprise Policy, the Operational Risk Enterprise Policy (collectively “the Policies”) and the Compliance and Operational Risk Management (CORM) Program and Standard Operating Procedures (SOPs). As a member of an FLU or CF C&OR officer team, the C&OR Manager demonstrates and applies business acumen to promote a culture of risk management and the identification, escalation and timely mitigation of compliance and operational risks. This role exercises judgment and influence, and may constructively challenge FLU and CF leaders to support the CORM Program objectives, balancing business strategy with appropriate controls.

The C&OR Manager contributes to the requirements in the GCOR Policy aligned to compliance and operational risk officers, including but not limited to the following activities:

• Takes an active leadership role in maintaining and communicating regulatory changes, advising and directing business leaders to ensure that regulatory requirements are addressed in their respective process and controls so that their day-to-day activities operate in a compliant manner.
• Proactively engages other C&OR officers, Enterprise Areas of Coverage (EAC) roles, and horizontal function roles to provide comprehensive oversight of FLU and CF activities.
• Identify, collect, validate and record internal loss events and “near misses.” Perform root cause analyses on internal loss events and develop remediation plans to strengthen controls.
• Identify, review and document relevant external loss events.
• Conduct compliance and operational risk assessments of FLU and CF, incorporating review of external loss events to assess control effectiveness.
• Provides independent review and challenge of the FLU/CF’s Risk & Control Self-Assessment (RCSA).
• Leads the efforts and/or contributes to monitoring and testing coverage plans and related metrics for Front Line Unit (“FLU”) or Control Function (“CF”).
• Monitor and test the effectiveness of the front line unit and control function compliance and operational risk controls.
• Identify aggregate, report and escalate compliance and operational risks, issues and control enhancements.
• Contribute to Scenario Analyses to provide a forward-looking estimate of hypothetical operational losses.
• Executes and/or provides oversight of governance and management routines.
• Identify compliance and operational risk training needs, provide subject matter expertise to support development of training curriculum, and inspect FLU/CF and third party participation.
• Provides consultation to business leaders in preparations for regulatory exams and audits for FLU/CF and related Enterprise Areas of Coverage.
• Inspect that commitments made regarding actions in response to Matters Requiring Attention (“MRAs”) and other actions are completed.
• Escalate regulatory relations concerns to Compliance and Operational Risk Executive.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-19066789

Manages People: No

Travel: Yes, 5% of the time

Manager:

Talent Acquisition Contact:

Referral Bonus:

Check out the New York City office

Located in midtown Manhattan, we’re right across from Bryant Park and a short walk to Times Square, Broadway theaters, Grand Central Station, excellent shops and world-class restaurants.

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Street Address

Primary Location:
ONE BRYANT PARK, NY, New York, 10036