Manager Enterprise Risk Management Chicago - 125 S Franklin/en-US/careers/job/Chicago---125-S-Franklin/Manager-Enterprise-Risk-Management_REQ-1484/apply
The Enterprise Risk Management (ERM) department identifies, measures, monitors, manages, and reports risks and exposures across the organization through the Enterprise Risk Management Framework, and specifically through several risk programs, including but not limited to: Enterprise Risk Assessments, Risk Event Analysis, Scenario Analysis, Key Risk Indicators and Risk Reporting.
This role will provide critical support to the VP and SVP of ERM, as well as the CRO by helping manage risk appetite, risk response, risk treatment, and embedding aspects of the risk management framework across the process, risk, and control universe. The role is responsible for providing oversight, including supporting the risk assessment teams and risk analytics personnel in identifying and driving action plan owners, monitoring those plans to closure, and reviewing the alignment of issues with KRIs. The role will also involve close collaboration with key OCC stakeholders/functions by facilitating appropriate business unit risk governance to ensure treatment of identified risks.
Primary Duties and Responsibilities:
Oversee OCCs risk treatment and monitoring program, including reporting upward to the VP ERM, Head of ERM, and CRO
Leverage enterprise policies and standards to define criteria, tools, and methodologies to treat identified risks, and ensure consistency and reliability with associated frameworks and systems
Engage first line business units on implementing and standardizing risk treatment practices
Track critical risk issues including risks exceeding appetite, risk tolerance breaches, control deficiencies, policy exceptions, and self-identified issues
Monitor business unit corrective actions and risk treatments across the enterprise
Serve as a point of contact for escalation of risks when risks relate to metric threshold breaches, escalating breaches to senior management as required
Leverage Governance, Risk & Compliance technologies to establish and maintain an enterprise-wide risk issues library
Advise and collaborate with the ERM team to enhance Enterprise Risk Management policies, standards, procedures, methodologies, and templates, including updates to the risk appetite, risk tolerances, and risk limits as needed
Build positive and collaborative working relationships across business units and develop partnerships with senior management
Manage ad-hoc requests from senior management to ensure timely and accurate responses
Two or more individuals
Subject matter expertise regarding Enterprise Risk Management (ERM) and Operational Risk Management (ORM) disciplines and an understanding of OCC products and services
Strong background and understanding of financial, operational, and IT/security risk
Deep understanding of the SEC Standards for Covered Clearing Agencies and the connection of enterprise and compliance risk
Experience in creating, managing, and implementing risk management frameworks
Deep understanding and knowledge of risk taxonomies and their application to risk assessments, KRIs, KPIs, and other risk tools to ensure appropriate reporting and risk management
Strong background in KRI and KPI development and escalation of information to senior leadership
Deep understanding and experience working within the Three Lines of Defense model
Ability to develop effective working relationships across the OCC and to address a broad range of issues in conjunction with risk management specialists familiarity with Financial Market Utilities; securities and derivatives markets a plus
Strong leadership, project management and organization skills, including the ability to multitask, prioritize, delegate, and manage an effective and growing team
Experience in risk management, oversight, compliance, audit principles and best practices a plus
Able to work in a highly regulated environment, including with the SEC, CFTC and Federal Reserve
Demonstrable record of creativity, independent thinking, and willingness to develop and drive new ideas
Effective listening, verbal and written communication, and influencing
Must be team-oriented and be able to collaborate effectively in department and cross-departmental efforts
Ability to work under pressure and to tight deadlines
Microsoft Office proficiency including advanced Excel, PowerPoint and Word
Experience with eGRC systems
Education and/or Experience:
Bachelors Degree (or equivalent)
Masters Degree (preferred)
7+ years progressive experience in enterprise risk, operational risk management or risk consultancy, with at least 5+ years dedicated experience in Risk Management
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OCC is an Equal Opportunity Employer
Posted YesterdayFull timeREQ-1484
OCC is the world's largest equity derivatives clearing organization and the foundation for secure markets. Founded in 1973, OCC operates under the jurisdiction of both the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. Named 2016 Clearinghouse of the Year - The Americas by FOW Magazine and 2016 Clearinghouse of the Year by Global Investor/ISF Magazine, OCC now provides central counterparty (CCP) clearing and settlement services to 20 exchanges and trading platforms for options, financial futures, security futures, and securities lending transactions. More information about OCC is available at www.theocc.com.
Internal Number: 6534190
About Options Clearing Corporation
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