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GMCO (formerly FDCO) OR&C Risk Lead – Global Trade Control

New York, New York

Job Description:

LOB Description:

The Global Markets Core Operations (GMCO) team, perform end to end trade control, confirmation and settlements services across Global Markets Cash and Derivatives businesses. The teams provide pre- and post-trade services such as trade assistance, support, and control, electronic matching services, pre-settlement and Post – Settlement services, Over the Counter (OTC) derivative confirmation support, Commodities Operations support and the teams also support syndicated traded loans globally.

The Operational Risk and Control Team provides Governance and Operational Risk Oversight support to the GMCO organization globally. Primary responsibilities include Risk and Control support, issue management, Ops Loss reporting, Policy guidance, Metric design and Management reporting. Associates should have a good working knowledge of fixed income and/or equity products and their lifecycles. Our associates are expected to collaborate with our support partners to maintain, develop, and implement effective globally uniform workflow controls.

We are seeking a senior level individual contributor with a strong control mindset and experience across multiple Global Markets products. Ideal candidates should have gained hands on experience across Global Markets Trade Control, Operations, Audit or Operational Risk Control teams supporting the Fixed Income, Currency or Commodities trading businesses including derivatives instruments.  This position will operate as a Risk Lead and Control Partner for the FDCO Ops Risk and Control team supporting the FICC leadership Team Globally.

Responsibilities:

  • Principle Lead responsible for supporting, implementing and maintaining the overall Risk Framework Objectives across FDCO FICC globally with LOB Partners and OR&C colleagues.
  • Supporting Fixed Income Trade Controls Transition from a Process, Risk & Control (PRC) governance framework to the new Single Process Inventory (SPI) while ensuring adaptability to support Operational Excellence expectations;
  • Facilitate FI Trade Controls operations compliance with Laws, Rule and Regulations in support of FDCO’s responsibilities. 
  • Participate in the Risk Control Self Assessments for FI Trade Controls operations and corresponding business line support;
  • Effectively review &  challenge lines of business Process & Control Ratings (PRC/SPI), including the control design & performance effectiveness reviews;
  • Support Operations teams during Internal audits, GCOR Targeted Risk Assessments,  Operational Risk Assessments and Regulatory reviews;
  • Research and Investigate ad hoc Risk and Control or governance inquiries across FI Trade Control; 
  • Strive to embed a risk awareness culture across the Global Markets Core Operations.

This individual contributor role will have regular interaction with a broad range of stakeholders, including senior management in FICC & Derivatives Operations, Compliance and Operational Risk, Business Controls Monitoring & Reporting (BCMR) & other Enterprise level Risk teams across the organization.

Minimum 12+ years of practical experience and a 4 year College degree in business, finance or accounting disciplines ; Advanced Degrees, CPA and Risk Management certifications preferred; FINRA Registrations beneficial.

Skills Required:

  • Excellent Analytical skills with ability to critically evaluate the information gathered from multiple sources, reconcile variances and present data in a coherent manner
  • Project management skills, including the ability to prioritize work and meet deadlines
  • Team player with the ability to take the initiative and ownership of tasks and operate effectively in a global organization
  • Outstanding communication skills, including ability to effectively influence outcomes.
  • Experience in Global Markets Operations or Risk is preferred
  • Commitment to challenging the status quo and promoting positive change.
  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
  • Excels in working among diverse viewpoints to determine the best path forward
  • Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner
  • Commitment to challenging the status quo and promoting positive change
  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

Job Band:

H4

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

LOB Description:

The Global Markets Core Operations (GMCO) team, perform end to end trade control, confirmation and settlements services across Global Markets Cash and Derivatives businesses. The teams provide pre- and post-trade services such as trade assistance, support, and control, electronic matching services, pre-settlement and Post – Settlement services, Over the Counter (OTC) derivative confirmation support, Commodities Operations support and the teams also support syndicated traded loans globally.

The Operational Risk and Control Team provides Governance and Operational Risk Oversight support to the GMCO organization globally. Primary responsibilities include Risk and Control support, issue management, Ops Loss reporting, Policy guidance, Metric design and Management reporting. Associates should have a good working knowledge of fixed income and/or equity products and their lifecycles. Our associates are expected to collaborate with our support partners to maintain, develop, and implement effective globally uniform workflow controls.

We are seeking a senior level individual contributor with a strong control mindset and experience across multiple Global Markets products. Ideal candidates should have gained hands on experience across Global Markets Trade Control, Operations, Audit or Operational Risk Control teams supporting the Fixed Income, Currency or Commodities trading businesses including derivatives instruments.  This position will operate as a Risk Lead and Control Partner for the FDCO Ops Risk and Control team supporting the FICC leadership Team Globally.

Responsibilities:

  • Principle Lead responsible for supporting, implementing and maintaining the overall Risk Framework Objectives across FDCO FICC globally with LOB Partners and OR&C colleagues.
  • Supporting Fixed Income Trade Controls Transition from a Process, Risk & Control (PRC) governance framework to the new Single Process Inventory (SPI) while ensuring adaptability to support Operational Excellence expectations;
  • Facilitate FI Trade Controls operations compliance with Laws, Rule and Regulations in support of FDCO’s responsibilities. 
  • Participate in the Risk Control Self Assessments for FI Trade Controls operations and corresponding business line support;
  • Effectively review &  challenge lines of business Process & Control Ratings (PRC/SPI), including the control design & performance effectiveness reviews;
  • Support Operations teams during Internal audits, GCOR Targeted Risk Assessments,  Operational Risk Assessments and Regulatory reviews;
  • Research and Investigate ad hoc Risk and Control or governance inquiries across FI Trade Control; 
  • Strive to embed a risk awareness culture across the Global Markets Core Operations.

This individual contributor role will have regular interaction with a broad range of stakeholders, including senior management in FICC & Derivatives Operations, Compliance and Operational Risk, Business Controls Monitoring & Reporting (BCMR) & other Enterprise level Risk teams across the organization.

Minimum 12+ years of practical experience and a 4 year College degree in business, finance or accounting disciplines ; Advanced Degrees, CPA and Risk Management certifications preferred; FINRA Registrations beneficial.

Skills Required:

  • Excellent Analytical skills with ability to critically evaluate the information gathered from multiple sources, reconcile variances and present data in a coherent manner
  • Project management skills, including the ability to prioritize work and meet deadlines
  • Team player with the ability to take the initiative and ownership of tasks and operate effectively in a global organization
  • Outstanding communication skills, including ability to effectively influence outcomes.
  • Experience in Global Markets Operations or Risk is preferred
  • Commitment to challenging the status quo and promoting positive change.
  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
  • Excels in working among diverse viewpoints to determine the best path forward
  • Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner
  • Commitment to challenging the status quo and promoting positive change
  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21056878

Band: H4

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Larisa McLaughlin

Referral Bonus:

0

Street Address

Primary Location:
1133 Ave Of The Americas, NY, New York, 10036