Responsible for executing functional strategy in area managed. Accountable for end results, budgeting, planning, policy formulation and contribution to future strategy of the area(s). Impact reflects size of team managed, strategic influence on the business and interaction with other functions or businesses. Full management responsibility for multiple teams, including management of people, budget and planning, to include duties such as performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval. May be doing involved or responsible for diverse (cross-discipline) activities. Typically, a direct report to a C16 role and function as an integral member of the functional leadership team within a country/site location, job family, or line of business. Establish and oversee the application of operational risk policies, technology and tools, and governance processes to create lasting solutions for minimizing losses from failed internal processes, inadequate controls, and emerging risks Independently asses risks and drive actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices Governance and oversight may include (not limited to) technology operational risk, cyber risk for example. Work with colleagues in other areas of Risk Management, Finance, Compliance/Control and the Businesses to assure appropriate management of Operational Risk processes Facilitate accurate and appropriate reporting of operational risks to senior management and the Board of Directors Promote the use of risk indicators Support corporate initiatives, including those related to Operational Risk and the alignment of capital assessments with risk management objectives Drive the strategic direction of Operational Risk Management for the Consumer group, working with colleagues around the globe to Identify emerging operational risks in the context of the current economic, regulatory and business environment and assure that measures are being taken to mitigate these risks Analyze operational risk data (typically losses, metrics or assessment results) to identify areas of excessive risk and to ensure that mitigation efforts are having the desired effect(s) Investigate causes for metrics that are deviating from trends and escalate situations that pose excessive risk(s) Identify root causes of major internal losses and ensure actions are taken to reduce the risk of loss from similar causes Uphold the Operational Risk Policy Provide Operational Risk oversight to assure policy and regulatory compliance Facilitates adherence to specific regulatory requirements Interface with Regulators on Operational Risk matters Experienced in Operational Risk. Proficient in developing new ideas to mitigate risk and improve current processes Ability to measure and assess the impact of stress shocks including fat-tailed risks. Then apply to discover the true extent of your capabilities! LI-JT1 ------------------------------------------------------ Job Family Group: Risk Management ------------------------------------------------------ Job Family: Operational Risk ------------------------------------------------------ Time Type: Full time ------------------------------------------------------ Analytical Thinking, Constructive Debate, Controls Design, Escalation Management, Issue Management, Operational Risk, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment. ------------------------------------------------------ For complementary skills, please see above and/or contact the recruiter. ------------------------------------------------------ Automated Processing and AI We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details. ------------------------------------------------------ This job opening is for an existing job vacancy. ------------------------------------------------------