VP, Internal Controls
About this job
A leading international bank is looking to hire a VP for its Internal Controls team. This 1st line team is tasked with enhancing governance & controls, and ensuring all activities conducted are in compliance with governing regulations, internal policies and procedures.
Key responsibilities include:
- Embed the Group’s Operational Risk Framework within the business units and support the delivery of RCSAs.
- Implement the First Line Supervision Support framework to support activity including as applicable; trader and sales authorization letters, trader oversight reporting and annual review of the Volcker Desk Operating Plans. Monitor, review and escalate any regulatory breaches to Trading Management and provide feedback to the Bank’s regulatory group.
- Ensure operational risks are tightly controlled by proactively addressing operational control gaps, assist in responding to audit findings, monitoring open audit and regulatory issues, providing solutions / support to address any control issues, reviewing operational losses and incidents and ensure any systemic weaknesses in processes are addressed.
- Execute and monitor relevant Internal Control outsourcing and support Third Party Risk Management (TPRM) compliance.
Key requirements include:
- Significant Internal Controls/ Operational Risk/ Non-Financial Risk experience
- Ideally, some exposure to capital markets/ trading/ corporate banking products
