Manager, Operational Risk

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

As the US Head of Operational Risk Management, in this player/coach role is responsible for designing and implementing a comprehensive operational risk management framework. Your role is pivotal in fostering a strong risk culture and meeting regulatory expectations. Working closely with various business lines and functions, you will embed risk management practices and ensure the effective identification, assessment, and mitigation of operational risks.

Responsibilities

• Own and drive the 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 the capture, investigation, and root cause analysis of crystallized risk events.
• Lead the Risk & Control Self-Assessment (RCSA) program, identifying and evaluating key operational risks and controls 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.

Qualifications

• Bachelor's degree in Finance, Economics, Business, or a related field.
• 7-8 years of relevant experience, preferably within the operational risk/enterprise risk department of a financial institution.
• Demonstrated ability to lead enterprise-wide programs across multiple legal entities and business lines.
• Strong communication skills, with the ability to engage and articulate complex operational risk issues to Senior Management and C-suite.
• A solid understanding of capital markets business and other operational risks, including IT security, BCP, and regulatory compliance risks.
• Credibility at the Senior Management level, with excellent communication skills to build effective relationships.
• Strong analytical skills and the ability to work well under pressure.
• Experience in risk management technology implementation is an asset.
• A proactive and solution-oriented mindset, with a track record of successful risk management initiatives.
• Ability to work independently and manage multiple projects simultaneously.

Job Info

• Locations 110 E 42nd St, New York, NY, 10017, US