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ORCO Financial Operational Risk Management Senior Specialist

Charlotte, North Carolina

Job Description:

The ORCO Financial Operational Risk Management (“FORM”) team is part of the CFO Operational Risk and Control Oversight team within Global Financial Control.  The primary focus of the team is to drive consistent control discipline routines across CFO and provide affirmative evidence supporting ongoing compliance with enterprise policies and standards.  Additionally, this team acts as a liaison for CFO with Control Partners (Legal, Audit, GCOR) and supports execution of projects and alternatives to improve operating efficiency.  The Financial Operational Risk Management team reports to the CFO Operational Risk and Controls Oversight Executive.

Scope of Responsibilities:

  • Work with CFO process owners to implement a process, risk, and control framework as a foundational component of an enhanced first line of defense risk management program
  • Participate in discussions with process and control owners to develop approaches to resolve gaps, standardize the controls within the CFO and ORCO operating model and/or address weaknesses or deficiencies when necessary
  • Drive and support transformational activities
  • Execute CFO specific control processes and tools to drive adherence to enterprise-wide standards, including change management
  • Assist with identification of appropriate metrics designed to measure the health of internal processes 
  • Understanding the requirements and applicability of various Operational Risk Policies & Standards, such as Process Management - Enterprise Policy and Procedures, Issues, Risks and Control Enhancements – Enterprise Policy and Risk Control Self-Assessment (RCSA) Standard and participating in routines designed to ensure adherence across CFO
  • Identify issues and/or control improvements for remediation, while assisting in building out actions plans and milestones

Knowledge, Skills and Key Leadership Characteristics:

  • Demonstrated understanding of internal control discipline and operational excellence
  • Excellent communication skills both verbal and written; must be able to appropriately convey ideas, concerns and opinions across differing levels of management with the ability to influence change
  • Intellectually curious; constantly seeks to learn and advance his/her knowledge
  • Effective partnering and relationship management skills applying a collaborative mindset
  • Ability to utilize and present data to enable leadership decisions
  • Strong analytical, logical reasoning and problem solving skills
  • Strong project-management skills; ability to handle multiple priorities in a fast-paced environment  
  • Ability to quickly adjust to changes in approach/methodology in a dynamic setting

About the CFO Operational Risk and Controls Oversight Group (ORCO)
ORCO has firm-wide responsibility for ensuring appropriateness of externally reported financial information.  The group works closely with several internal control functions within the Business and Finance Organizations, Operational Risk, Compliance, Corporate Audit and the Company’s external Auditors.  Key responsibilities of the group include:

  • Enterprise-wide Internal Control over Financial Reporting: Managing Sarbanes-Oxley 404 Compliance, Disclosure Controls and Procedures (DCP) and FDICIA Compliance.
  • Financial Operational Risk Management: Operational Risk Reporting, Process Risk Assessment, QA metrics/scorecards, Risk Self-Assessment (RCSA), Issues Management, Key Risk Indicators, etc.
  • Treasury Quality Assurance and Business Controls: Validation of effectiveness of processes/controls supporting Corporate Treasury functions and activities in regulatory compliance program and related enterprise standards and policies as well as QA metrics/scorecards, RCSA, Spreadsheet Compliance and Model Risk Management
  • Regulatory Reporting Quality Assurance Testing (source to report) Conformance and Transaction Review
  • Enterprise-wide Reconciliations: Governance over account reconciliations and firmed-owned bank accounts

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

2000

Job Description:

The ORCO Financial Operational Risk Management (“FORM”) team is part of the CFO Operational Risk and Control Oversight team within Global Financial Control.  The primary focus of the team is to drive consistent control discipline routines across CFO and provide affirmative evidence supporting ongoing compliance with enterprise policies and standards.  Additionally, this team acts as a liaison for CFO with Control Partners (Legal, Audit, GCOR) and supports execution of projects and alternatives to improve operating efficiency.  The Financial Operational Risk Management team reports to the CFO Operational Risk and Controls Oversight Executive.

Scope of Responsibilities:

  • Work with CFO process owners to implement a process, risk, and control framework as a foundational component of an enhanced first line of defense risk management program
  • Participate in discussions with process and control owners to develop approaches to resolve gaps, standardize the controls within the CFO and ORCO operating model and/or address weaknesses or deficiencies when necessary
  • Drive and support transformational activities
  • Execute CFO specific control processes and tools to drive adherence to enterprise-wide standards, including change management
  • Assist with identification of appropriate metrics designed to measure the health of internal processes 
  • Understanding the requirements and applicability of various Operational Risk Policies & Standards, such as Process Management - Enterprise Policy and Procedures, Issues, Risks and Control Enhancements – Enterprise Policy and Risk Control Self-Assessment (RCSA) Standard and participating in routines designed to ensure adherence across CFO
  • Identify issues and/or control improvements for remediation, while assisting in building out actions plans and milestones

Knowledge, Skills and Key Leadership Characteristics:

  • Demonstrated understanding of internal control discipline and operational excellence
  • Excellent communication skills both verbal and written; must be able to appropriately convey ideas, concerns and opinions across differing levels of management with the ability to influence change
  • Intellectually curious; constantly seeks to learn and advance his/her knowledge
  • Effective partnering and relationship management skills applying a collaborative mindset
  • Ability to utilize and present data to enable leadership decisions
  • Strong analytical, logical reasoning and problem solving skills
  • Strong project-management skills; ability to handle multiple priorities in a fast-paced environment  
  • Ability to quickly adjust to changes in approach/methodology in a dynamic setting

About the CFO Operational Risk and Controls Oversight Group (ORCO)
ORCO has firm-wide responsibility for ensuring appropriateness of externally reported financial information.  The group works closely with several internal control functions within the Business and Finance Organizations, Operational Risk, Compliance, Corporate Audit and the Company’s external Auditors.  Key responsibilities of the group include:

  • Enterprise-wide Internal Control over Financial Reporting: Managing Sarbanes-Oxley 404 Compliance, Disclosure Controls and Procedures (DCP) and FDICIA Compliance.
  • Financial Operational Risk Management: Operational Risk Reporting, Process Risk Assessment, QA metrics/scorecards, Risk Self-Assessment (RCSA), Issues Management, Key Risk Indicators, etc.
  • Treasury Quality Assurance and Business Controls: Validation of effectiveness of processes/controls supporting Corporate Treasury functions and activities in regulatory compliance program and related enterprise standards and policies as well as QA metrics/scorecards, RCSA, Spreadsheet Compliance and Model Risk Management
  • Regulatory Reporting Quality Assurance Testing (source to report) Conformance and Transaction Review
  • Enterprise-wide Reconciliations: Governance over account reconciliations and firmed-owned bank accounts

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21044660

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Joseph Birkel

Referral Bonus:

2000

Street Address

Primary Location:
401 N TRYON ST, NC, Charlotte, 28255