Operational Risk Senior Associate

Veritas Partners; Bala Cynwyd (PA); Hybrid; USD 120,000 - 150,000; Full time

Job summary

Veritas Partners in Philadelphia Bala Cynwyd, PA is seeking an Operational Risk Senior Associate to develop and execute internal controls and risk management frameworks with hands-on exposure to enterprise risk processes, control testing, risk reporting, and incident tracking.

The role supports control testing, RCSA facilitation, incident analysis, and data monitoring with dashboards for leaders. Hybrid schedule; sponsorship not required; relocation/sign-on may be offered.

Qualifications

• 3-7 years of experience in operational risk, compliance, audit, or related operational role.
• Basic understanding of risk and control concepts (preventive vs. detective).
• Experience in financial services, markets, or trading is preferred.
• Familiarity with regulatory frameworks relevant to the industry.
• Strong organizational and documentation skills.

Responsibilities

• Assist in performing control testing and walkthroughs to assess design and effectiveness.
• Maintain the internal control library and documentation (narratives, matrices).
• Support facilitation of Risk and Control Self-Assessments with first-line teams.
• Record, track, and analyze operational incidents and loss events.
• Contribute to dashboards, scorecards, and risk reports for senior stakeholders.

Skills

Microsoft Office

Excel

Data analysis tools

Education

CRMA

CIA

CISA

Tools

Risk management software

Job description

Summary

The Operational Risk Senior Associate is a newly created position within a global financial services leader with over 3,000 employees and award-winning culture. Based out of the company’s headquarters in their Philadelphia Bala Cynwyd, PA office this individual will to support the development and execution of Internal Controls and Operational Risk Management framework and offers hands-on exposure to enterprise risk processes, control testing, risk reporting, and incident tracking. The Operational Risk Senior Associate position will offer a base salary range in the $120,000 to $150,000 range depending on experience annual bonus, full suite of benefits, possible relocation/sign-on bonus, hybrid 4 days a week in office work schedule, a full suite of incentives, state of the art facility access, as well as the opportunity to work within a highly collaborative work culture recognized as a Top Employer to Work. Qualified candidates will have related experience related operational audit, internal controls, risk assessment, and ideally exposure to trading or financial services. Candidates must be eligible to work in the US without sponsorship and be able to work out the company’s Philadelphia office on a daily basis.

Job Description

• Assist in performing control testing and walkthroughs to assess control design and effectiveness.
• Help maintain the internal control library and documentation (e.g., narratives, risk/control matrices).
• Support facilitation of Risk and Control Self-Assessments (RCSAs) with first-line teams.
• Record, track, and help analyze operational incidents and loss events.

Data & Reporting

• Collect and maintain risk and control data in internal systems.
• Contribute to the preparation of dashboards, scorecards, and risk reports for senior stakeholders.
• Support Key Risk Indicator (KRI) monitoring and escalation processes.
• Log and follow up on risk issues, remediation plans, and audit findings.
• Assist in reviewing vendor risk data, business continuity documentation, and third-party controls.
• Help ensure compliance with internal risk policies and procedures.

Position Requirements

• 3-7 years of experience in operational risk, compliance, audit, or a related operational role.
• Basic understanding of risk and control concepts (e.g., preventative vs. detective controls, risk assessments).
• Industry experience in financial service, financial markets, algorithmic trading, or proprietary trading is strongly preferred.
• Familiarity with industry-specific regulatory frameworks.
• Strong organizational and documentation skills.
• Proficiency in Microsoft Office, especially Excel, and familiarity with data analysis tools.
• Exposure to internal audit, controls testing, or regulatory compliance is a plus.
• Interest in pursuing professional certifications (e.g., CRMA, CIA, CISA).