Wealth Management Operations

Lenmar Consulting Inc; Baltimore (MD); Hybrid; USD 36,000 - 47,000; Full time

Job summary

Lenmar Consulting Inc. in Baltimore, MD is seeking a Wealth Management Operations Risk & Control analyst for a 12+ month contract in a hybrid role. The position focuses on governance, risk reporting, and remediation across the POS department to mitigate operational risk.

The ideal candidate has 3 years of experience in financial services, strong analytical skills, and proficiency with Excel/Power BI/Tableau/Alteryx for management reporting. Bachelor's degree or equivalent required.

Qualifications

• 3 years of experience within financial services, risk management, operations, audit, or a related field.
• Strong analytical and problem-solving skills, with the ability to identify root causes and recommend practical solutions.
• Experience analyzing data and preparing management reporting using tools such as Excel, Power BI, Tableau, Alteryx, or similar reporting platforms.
• Excellent written and verbal communication skills, with the ability to communicate effectively with management and stakeholders across multiple levels.
• Strong organizational skills with the ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Demonstrated ability to build relationships and collaborate across business and support functions.
• Knowledge of operational risk management, audit practices, control frameworks, and governance processes preferred.
• Bachelor's degree or equivalent work experience required.
• Experience supporting audit coordination, issue management, remediation tracking, and risk reporting is strongly preferred.

Responsibilities

• Provide statistical and monitoring reporting on risk metrics, registrations, and other requirements as needed.
• Independently review, challenge, and support risk management activities including efficiency enhancements to current procedures.
• Become familiar with all operational activities of the department, aiding in the ability to identify process and control weaknesses.
• Identify operational risks and emerging trends through analysis of assessment results, key risk indicators and risk event data.
• Escalate material operational risk issues and incidents to relevant functional management and or the relevant committees as appropriate.
• Evaluate the effectiveness of risk mitigation projects and corrective actions.
• Facilitate the Non-Financial Risk Assessment (NFRA) process.
• Consult with internal groups such as Firm Operational Risk, Enterprise Operational Risk Control, Compliance, Legal, and other Operations teams on matters related to risk controls, self-assessments, incidents and infrastructure projects.
• Participate in topical or ad-hoc risk/control projects, as needed.
• Cross train on support of central risk reporting, test accounts or registrations.

Skills

Risk management

Financial services

Data analysis

Communication

Time management

Education

Bachelor's degree or equivalent

Tools

Excel

Power BI

Tableau

Alteryx

Job description

We have this W2 Contract opportunity for a Wealth Management Operations with our Direct Client in Baltimore, MD.

Wealth Management Operations - MOR2JP00018415

Location: Baltimore, MD 21231 - Hybrid

Duration - 12 months +

Max Pay Rate: $30/hr W2 (No Benefits)

Global Wealth Management Operations provides brokerage, investment and financial services to hundreds of thousands of individual investors. We apply our expertise in serving institutional clients to create new opportunities for people to achieve their personal financial goals. *** has one of the largest retail brokerage networks, with numerous worldwide representatives and retail locations. Our services are tailored to each client's investment objectives, risk tolerance, and financial needs. Products include mutual funds, stocks, bonds, and alternative investments where appropriate, as well as banking, mortgages, insurance and annuities.

We have an immediate need for a temporary/contingent hire within the Wealth Management Operations Risk & Control Division. The overall goal of our team is to create value through mitigating risk for the firm, assisting with the remediation of identified issues, maintaining ongoing governance for our internal stakeholders and providing comprehensive reporting for WM Operations Management. This role will provide ongoing governance and oversight to ensure Wealth Management Operations Product Operations and Services (POS) silo adherence to firm policies and support risk reporting. The hire will report to a Wealth Management Operations Director and will perform a variety of tasks to help maintain and improve the risk landscape for POS department. Specific assignments will vary based on size and complexity.

Key Responsibilities

Provide statistical and monitoring reporting on risk metrics, registrations, and other requirements as needed

Independently review, challenge, and support risk management activities including efficiency enhancements to current procedures

Become familiar with all operational activities of the department, aiding in the ability to identify process and control weaknesses.

Identify operational risks and emerging trends through analysis of assessment results, key risk indicators and risk event data. Escalate material operational risk issues and incidents to relevant functional management and or the relevant committees as appropriate. Evaluate the effectiveness of risk mitigation projects and corrective actions.

Facilitate the Non-Financial Risk Assessment (NFRA) process.

Consult with internal groups such as Firm Operational Risk, Enterprise Operational Risk Control, Compliance, Legal, and other Operations teams on matters related to risk controls, self-assessments, incidents and infrastructure projects

Participate in topical or ad-hoc risk/control projects, as needed.

Cross train on support of central risk reporting, test accounts or registrations.

Qualifications

• ? 3
• years of experience within financial services, risk management, operations, audit, compliance, or a related field.
• ? Strong analytical and problem-solving skills, with the ability to identify root causes and recommend practical solutions.
• ? Experience analyzing data and preparing management reporting using tools such as Excel, Power BI, Tableau, Alteryx, or similar reporting platforms.
• ? Excellent written and verbal communication skills, with the ability to communicate effectively with management and stakeholders across multiple levels.
• ? Strong organizational skills with the ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• ? Demonstrated ability to build relationships and collaborate across business and support functions.
• ? Knowledge of operational risk management, audit practices, control frameworks, and governance processes preferred.
• ? Bachelor's degree or equivalent work experience required.
• ? Experience supporting audit coordination, issue management, remediation tracking, and risk reporting is strongly preferred.