Baml Careers – Operational Risk Specialist

Website Merrill Lynch

Job Description:

The EAC C&OR Specialist assists in engaging other C&OR officers, including horizontal coverage owners and EAC, to provide comprehensive oversight of FLU/CF activities. This role assists in developing and maintaining a global coverage plan which defines the scope and risk-based focus of the second line’s risk management activities.

Job Responsibilities:

  • Assists in remediating C&OR “owned” issues and control enhancements
  • Reviews and challenges the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessment (RCSA)
  • Assists in the development of independent risk management reporting as input into governance and management routines
  • Assists with the oversight of FLU/CF training, which may include content development and/or tracking and communication of completion rates
  • Assists with the development and maintenance of C&OR-owned policies and standards to ensure regulatory and operational risk requirements are appropriately addressed, inclusive of conduct risk as applicable
  • Supports Scenario Analysis activities to provide a forward-looking estimate of hypothetical operational losses
  • Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintains a comprehensive regulatory inventory; may support communication of regulatory changes to the FLU/CF and ensuring that policies, standards, procedures and/or processes are appropriately implemented or amended to address regulatory requirements
  • Executes C&OR Monitoring, Testing, and Assessments; communicates results
  • Supports the review and challenge of internal and external operational loss events, including development of remediation plans to strengthen controls
  • Assists in identifying, aggregating, reporting, escalating, inspecting and challenging remediation plans, and performing thematic analysis on FLU/CF-owned issues and control enhancements

Job Requirements:

  • Experience implementing compliance and risk mitigation, oversight, and/or assessments focused on change both technical or non-technical
  • Working knowledge of evaluating effective Quality Assurance programs, procedures and scripts
  • Working knowledge of essential tools such as PPRT, Remedy, AppHQ, CECE, GCP AR, JIRA, Changescape, eSMART, Process Owner Portal (POP) and ORCIT
  • Experience with implementing technical changes, release readiness, incident management, problem management, permit to operate, permit to send
  • Data Analytics / Automation Skills (intermediate Excel, Access, and SharePoint, SQL, Apteryx, SAS,) a plus
  • Certified Information Systems Auditor (CISA), Certified Information Security Manager (CISM), Certified in Risk and Information Systems Control (CRISC) or alternate compliance certification

Job Details:

Company: Merrill Lynch

Vacancy Type: Full Time

Job Location: Atlanta, Georgia, US

Application Deadline: N/A

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