Overview:

This position is responsible for the delivery of second line risk management services in line with area policies, industry standards, and management expectations.  The position is expected to work collaboratively with other risk partners, as applicable. This position will be responsible for positively supporting the evolving landscape of the risk management environment and assisting to identify efficiencies in risk management execution and practices within the business/functions it supports. The position requires the ability to function with a level of independence in the oversight and/or execution of one or more of the following activities in a manner that adheres to the expectations of the operational risk management framework, as it evolves, and the expectations of key stakeholders, up to and including the Board:  identification, assessment, quantification, documentation, escalation, reporting, and communication of unmitigated risks within the business.  The position has a solid understanding of the business or functions it supports, and continues to work towards gaining further knowledge/expertise.  The position requires the establishment of internal and external relationships with line level management and key personnel to remain apprised of changes in the business.  The role stays apprised of emerging risks and changes to the operational/regulatory landscape.   The role is able to identify and assess cost beneficial operational risk management considerations relating to the position’s assigned businesses/functions

Primary Responsibilities:

• Own Operational Loss Reporting processes for the bank, including near miss event, legal fees and aggregating events.
• Work closes with Business Line loss reports to ensure accurate documentation of all required Loss events.
• Collect, analyze and summaries data for Regulatory reporting based on defined requirements and adhere to
• Identify and develop changes to automate processes to reduce reliance on manual EUCs.
• Review and support External Event Assessments to support emerging risk identification across business lines.
• Develop and produce departmental reports, spreadsheets and project work related to specific a Risk discipline.
• Independently evaluate in a risk-based manner an area's management of key processes for the effective and efficient mitigation of operational risk.   Ensure adherence to key operational related policies and procedures. 
• Understand and utilize the Risk Management Framework, and develop and implement various elements of said framework such as key risk indicators (KRI), as appropriate.   Actively participate in initiatives to analyze various elements of said framework.
• Collect, analyze and summarize the data necessary for presentations relating to the operational risk environment for/to management.
• Work with the Business to evaluate all new products or changes to existing products and services to ensure key risks are appropriately identified and mitigated, and residual risk is appropriately defined.  Coordinate applicable governance activities. 
• Effectively communicate with others throughout the Bank, including management, via phone, email or in person to obtain information necessary for the completion of reporting, project information and issue resolution.
• Assist by preparing materials/presentations for management and in some circumstances delivering presentations to management.
• Actively participate in designated risk committees and other meetings, serving as the second line of defense representative in any discussions.  Ensure the communication of relevant concerns or positions taken to appropriate management. 
• Serve as a liaison to assigned business units (BUs).  Escalate significant and/or unresolved risk-related matters to Department management.
• Collaborate with first line risk and second line risk partners in a coordinated manner when addressing risk events of the business line. 
• Draft/Document departmental procedures and other documentation to demonstrate the process.
• Interact with external peers and members of professional organizations to remain aware of changing or emerging risks and proactively bring key information to team for inclusion/consideration in continuous monitoring and/or other oversight activities. 
• Discern and formalize the impact, likelihood and root cause of issues and/or violations of policy.
• Identify areas of opportunity for efficiency or further effectiveness in departmental processes, and make recommendations to management on the enhancements.   
• Effectively assess both impact and likelihood in using discretion when determining the appropriate approach to resolving matters that require resolution.
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