Operational Risk Manager

Cyperus Group LLC; New Jersey; On-site; USD 120,000 - 180,000; Full time

Job summary

Cyperus Group LLC, a leading financial services firm in the United States, seeks an Operational Risk Manager to join its risk management team. The role involves identifying, assessing, and monitoring operational and financial risks while embedding risk considerations into strategy and processes.

You will partner with senior leaders to monitor risk appetite, KRIs and controls, and to drive remediation and continuous improvement across the organization.

Qualifications

• Bachelor's degree in Finance, Accounting, Business or related discipline, or equivalent professional experience.
• 3-5+ years of operational risk management experience within a medium to large financial services organization.
• Experience within capital markets, brokerage, trading or a related financial services environment preferred.
• Strong understanding of operational risk frameworks, risk assessments, internal controls and risk mitigation practices.
• Knowledge of financial markets, trading products and associated operational workflows.
• Familiarity with Energy & Commodities markets and related products is highly desirable.
• Understanding of electronic trading, algorithmic trading and post-trade processes is a plus.
• Knowledge of financial services regulations and regulatory requirements within the Americas.
• Experience developing and monitoring KRIs, risk appetite metrics and management reporting.
• Strong analytical, problem-solving and organizational skills.
• Excellent written and verbal communication skills, including the ability to engage effectively with senior business stakeholders.
• Ability to manage multiple priorities, exercise sound judgment and work independently in a fast-paced environment.
• Proactive, collaborative approach with a strong commitment to effective risk management and continuous improvement.

Responsibilities

• Partner with business units to identify and assess operational, financial, strategic and emerging risks.
• Support Risk and Control Self-Assessments (RCSA), scenario analysis, root cause analysis and other risk assessment activities.
• Provide independent challenge to business stakeholders to ensure risk assessments are comprehensive and appropriate.
• Assist in establishing and monitoring risk appetite thresholds and KRIs.
• Evaluate business risk profiles against established risk appetite and recommend appropriate mitigation strategies.
• Assess risks associated with strategic initiatives, new products, business expansion and organizational changes.
• Partner with business leaders to ensure risk considerations are incorporated into strategic and operational decision-making.
• Evaluate the effectiveness of internal controls, policies and procedures in mitigating operational risks.
• Identify control deficiencies and work with business stakeholders to develop and implement remediation plans.
• Provide independent oversight and constructive challenge regarding risk mitigation strategies and risk acceptance decisions.
• Participate in control testing, targeted risk reviews and other assurance activities.
• Monitor operational risk exposures, emerging risks, significant events and remediation activities.
• Develop and present risk management information, analysis and reporting to senior management and risk committees.
• Analyze risk-related data to identify trends, control weaknesses and potential areas of concern.
• Participate in management meetings to provide an independent perspective on the organization's risk profile.

Skills

Operational risk management

Risk assessments

Internal controls

Regulatory knowledge (Americas)

Analytical skills

Communication with senior stakeholders

Education

Bachelor's degree in Finance, Accounting, Business or related discipline

Tools

Risk management software

Job description

Our client, a leading global financial services firm, is seeking an Operational Risk Manager to join its team. The organization operates across global financial markets, providing sophisticated trading and financial solutions to institutional clients.

Position Overview

The Operational Risk Manager will work closely with business leaders and key stakeholders to identify, assess, monitor and mitigate operational and financial risks. This individual will play an important role in integrating risk management into business strategy, operational processes and change initiatives while ensuring alignment with the organization's risk management framework.

The position offers significant exposure to senior management and the opportunity to influence risk management practices across a dynamic, global financial services organization.

Key Responsibilities

• Partner with business units to identify and assess operational, financial, strategic and emerging risks.
• Support Risk and Control Self-Assessments (RCSA), scenario analysis, root cause analysis and other risk assessment activities.
• Provide independent challenge to business stakeholders to ensure risk assessments are comprehensive and appropriate.

Risk Appetite & Strategic Initiatives

• Assist in establishing and monitoring risk appetite thresholds and Key Risk Indicators (KRIs).
• Evaluate business risk profiles against established risk appetite and recommend appropriate mitigation strategies.
• Assess risks associated with strategic initiatives, new products, business expansion and organizational changes.
• Partner with business leaders to ensure risk considerations are incorporated into strategic and operational decision-making.
• Evaluate the effectiveness of internal controls, policies and procedures in mitigating operational risks.
• Identify control deficiencies and work with business stakeholders to develop and implement remediation plans.
• Provide independent oversight and constructive challenge regarding risk mitigation strategies and risk acceptance decisions.
• Participate in control testing, targeted risk reviews and other assurance activities.
• Monitor operational risk exposures, emerging risks, significant events and remediation activities.
• Develop and present risk management information, analysis and reporting to senior management and risk committees.
• Analyze risk-related data to identify trends, control weaknesses and potential areas of concern.
• Participate in management meetings to provide an independent perspective on the organization's risk profile.

Operational Risk Events & Business Continuity

• Support the identification, escalation, investigation and remediation of operational risk events, issues and policy breaches.
• Conduct reviews of significant risk events and evaluate the effectiveness of corrective actions.
• Provide oversight of business continuity planning, testing and remediation activities.
• Collaborate with stakeholders on crisis management and operational resilience initiatives.
• Promote a strong risk management culture throughout the organization.
• Provide guidance and training to business stakeholders regarding operational risk management practices.
• Support regional risk governance activities and compliance with established risk management policies and procedures.

Qualifications & Experience

• Bachelor's degree in Finance, Accounting, Business or a related discipline, or equivalent professional experience.
• 3-5+ years of operational risk management experience within a medium to large financial services organization.
• Experience within capital markets, brokerage, trading or a related financial services environment preferred.
• Strong understanding of operational risk frameworks, risk assessments, internal controls and risk mitigation practices.
• Knowledge of financial markets, trading products and associated operational workflows.
• Familiarity with Energy & Commodities markets and related products is highly desirable.
• Understanding of electronic trading, algorithmic trading and post-trade processes is a plus.
• Knowledge of financial services regulations and regulatory requirements within the Americas.
• Experience developing and monitoring KRIs, risk appetite metrics and management reporting.
• Strong analytical, problem-solving and organizational skills.
• Excellent written and verbal communication skills, including the ability to engage effectively with senior business stakeholders.
• Ability to manage multiple priorities, exercise sound judgment and work independently in a fast-paced environment.
• Proactive, collaborative approach with a strong commitment to effective risk management and continuous improvement.

Additional Information

This opportunity offers the chance to work closely with senior business leaders, contribute to strategic initiatives and help strengthen operational risk management practices within a global financial services organization.