Head of Operational Risk & Risk Framework

BGC Group; Northern, New York (KY, NY); Hybrid; USD 210,000 - 360,000; Full time

Job summary

BGC Group is seeking an US Head of Operational Risk Management in a player/coach role to design and implement a comprehensive risk framework and foster a strong risk culture. You will collaborate with Front Office and support functions to identify, assess, and mitigate operational risks while ensuring alignment with regulatory expectations.

You will lead enterprise-wide programs, drive risk policy adherence, and oversee risk management technology implementations.

Qualifications

• Bachelor's degree in Finance, Economics, Business
• 7-8 years of relevant experience in operational risk within a financial institution
• Ability to lead enterprise-wide programs across multiple legal entities
• Strong communication skills to engage Senior Management and C-suite
• Understanding of capital markets and operational risks including IT security, BCP, regulatory compliance
• Proactive, solution-oriented with track record of risk management initiatives
• Ability to work independently and manage multiple projects

Responsibilities

• Own and drive rollout of the Operational Risk Framework across BGC Group, GFI Group, and Cantor Fitzgerald.
• Monitor and ensure adherence to the operational risk policy and framework, facilitating training and risk awareness programs.
• Partner with business units to quantify operational risks and oversee capture, investigation, and root cause analysis of crystallized risk events.
• Lead the Risk & Control Self-Assessment (RCSA) program across the firm.
• Expand the RCSA process for Front Office areas, ensuring rigorous risk identification and evaluation.
• Prepare management information for risk committees, highlighting key risk and control issues, and tracking remediation plans.
• Chair and participate in Operational Risk Committees, escalating material issues to Senior Management and the Executive Committee as needed.
• Oversee the implementation of risk management technology solutions and ad hoc projects.
• Stay alert to Conduct Risk issues, addressing risks to client interests, market integrity, and competition due to inappropriate practices or behaviors.
• Build and maintain strong working relationships with Front Office personnel, Senior Management, and support functions.

Skills

Risk leadership

Stakeholder communication

Regulatory compliance

Analytical thinking

Program management

Cross-functional collaboration

Education

Bachelor's degree in Finance, Economics, Business

Tools

Risk management software

Job description

BGC Group is seeking an US Head of Operational Risk Management in a player/coach role to design and implement a comprehensive risk framework and foster a strong risk culture. You will collaborate with Front Office and support functions to identify, assess, and mitigate operational risks while ensuring alignment with regulatory expectations.

You will lead enterprise-wide programs, drive risk policy adherence, and oversee risk management technology implementations.