VP, Operational Risk – Issues & New Initiatives

ACG Resources – Adams Consulting Group; New York (NY); On-site; USD 110,000 - 200,000; Full time

Job summary

A leading company in New York City seeks a Vice President for New Activities Risk Management and Issues Management. This role involves driving risk frameworks, overseeing operational risk programs, and collaborating with senior management. The ideal candidate will have extensive experience in banking and operational risk management, along with strong leadership skills. Join us to influence critical business decisions and lead a team in a dynamic environment.

Benefits

Competitive Compensation

Professional Growth

Leadership Role

High Impact

Strategic Visibility

Qualifications

• 8+ years of experience in banking, with at least 5 years in operational risk management.
• 5+ years in a supervisory or leadership role.

Responsibilities

• Lead evaluation and oversight of new products from a risk perspective.
• Oversee lifecycle of risk issues ensuring compliance with standards.
• Enhance enterprise-wide risk governance using COSO framework.

Skills

Risk Governance

Operational Risk Methodologies

Communication

Relationship Management

Education

Bachelor's Degree

CFA

CPA

FRM

MBA

Job description

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Job Ref: 14979

Salary: $110000 – $200000

VP – New Activities Risk Management & Issues Management

Location: Onsite – Manhattan, NY
Base Salary: $110,000 – $200,000 (based on experience and qualifications)
Level: Vice President

Shape the Future of Operational Risk. Lead Where It Matters Most.

Are you a strategic thinker with deep expertise in operational risk? We’re seeking a Vice President to lead New Activities Risk Management and Issues Management for our Branch-wide risk function. In this high-visibility role, you’ll drive critical risk frameworks that directly influence governance, innovation, and regulatory readiness in one of the world’s most complex banking environments—New York City.

What You’ll Own & Lead

As VP, you’ll be responsible for the design, execution, and continuous improvement of two core operational risk programs—ensuring our risk practices stay ahead of regulatory expectations and business change:

New Activities Risk Management
Lead the evaluation and oversight of new products, services, or business changes from a risk and control perspective—ensuring each is fully assessed before implementation.

Issues Management Program
Oversee the lifecycle of risk issues—from identification and remediation through closure—ensuring compliance with Heightened Standards and industry best practices.

Operational Risk Framework Leadership
Enhance and operationalize enterprise-wide risk governance using COSO and other leading frameworks. Act as a trusted SME on risk programs in support of the RCSA.

Team Leadership & Development
Provide training, mentorship, and professional development for risk team members—ensuring program consistency and capability-building across the function.

Cross-Functional Collaboration
Engage closely with Business Units, Compliance, Internal Audit, and senior risk leadership to monitor the Branch’s risk profile and ensure timely resolution of emerging issues.

What You Bring to the Table

Bachelor’s degree required; CFA, CPA, FRM, or MBA preferred
8+ years of experience in banking, with at least 5 years in operational risk management
5+ years in a supervisory or leadership role
Strong command of risk governance, COSO framework, and operational risk methodologies
Exceptional communication and relationship management skills
Confidence working with stakeholders across all levels, including regulators and executive leadership

Why Join Us?

High Impact: Own enterprise-critical risk programs that directly influence regulatory and business decisions
Leadership Role: Guide and mentor a team of risk professionals in a highly collaborative environment
Strategic Visibility: Collaborate with senior management and risk leaders on business-critical initiatives
Professional Growth: Work at the intersection of innovation and governance—where new activities meet resilient risk strategy
Competitive Compensation: Rewarding salary and long-term career growth in a global financial center

If you’re driven by purpose, precision, and the power of operational risk to enable responsible growth—this is your opportunity to lead from the front. Apply your expertise where it truly matters.

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