Assistant Director, Operational Risk

Hybrid role and we need someone to live around Houston or NY.

Who we are

Corebridge Financial helps people make some of the most meaningful decisions they’re ever going to make. We help them plan and take action to protect the future they envision and respond to some of life’s most difficult moments through the solutions and services we provide. We do this through our broad portfolio of life insurance, retirement, and institutional products, offered through an extensive, multichannel distribution network. We provide solutions for a brighter future through our client centered service, breadth of product expertise, deep distribution relationships, and outstanding team of hardworking and passionate employees.

The Corebridge Financial Enterprise Risk Management (ERM) team defines our company’s requirements for managing and overseeing risk activities including Operational Risk. Operational risk is inherent in each of our business units and functions and can have many impacts, including but not limited to unexpected economic losses or gains, reputational harm due to negative publicity, regulatory action from supervisory agencies and operational and business disruptions, and/or damage to customer relationships. 

This specific role is responsible for the independent review, challenge, and advice for the Investments organization and corporate functions. The role is also responsible to support risk management for the AIG Asset Management Europe Ltd. (AAMEL).

About the role

• As an Operational Risk Management Assistant Director for the Investments organization and corporate functions, you will:
• Support the ongoing application and deployment of Corebridge’s operational risk management framework to help manage all relevant operational risks (People, Process, Systems, Technology and External Events) and ensure appropriate monitoring and escalation procedures are in place.
• Provide guidance, support and consultation to management around operational risk and control matters. 
• Use Corebridge’s tools as well as a risk-based and consistent operational risk management approach (e.g., RCSAs, Review & Challenge, Risk Treatment, Risk Appetite).
• Through analysis of assessment results, key risk indicators and risk event data, identify the most significant operational risks or trends to evaluate the effectiveness of risk mitigation projects and corrective actions.
• Conduct periodic “deep dive” reviews of critical business processes supporting the corporate functions to include investments. This includes developing reports to senior management which assess and report control gaps and related recommendations to reduce risk.
• Support risk management for AAMEL including risk committees, risk reporting, risk governance, recovery/resolution planning, and writing of the ICARA report.
• Work with stakeholders and colleagues to develop risk mitigation actions.  Oversee the completion of actions by reviewing timelines and deliverables; report status of risk mitigating actions and use judgment to determine appropriate escalation.
• Provide operational risk reporting and input to the relevant risk and governance committees and forums and contribute to agendas to reflect changes in the overall risk and control environment for Investments.
• Provide training on operational risk framework elements (e.g., RCSAs, risk event capture, analysis and reporting, scenario analysis, and key risk indicators) with focus on specific coverage area for product(s) and/or framework elements.
• Engage, as appropriate, with other risk and control partners (e.g., Internal Audit, Financial Controls, Legal & Compliance, Model Risk Management, BCM, Vendor Management, IT Risk), to facilitate a strong governance, risk, and control environment.
• Ongoing monitoring of Operational risk issues and risk events, including follow up on remediation plans.

What we are looking for

• Bachelor’s degree in finance, accounting, or other related fields is required. Graduate degree is preferred.
• Ten+ years of relevant risk / control experience (e.g., Enterprise or Operational Risk Management, Compliance, Internal Audit), preferably in the financial services industry.
• Experience working within in investment management including understanding of asset management processes and, preferably, derivatives trading operations.
• Experience providing effective review & challenge to business/front office first line of defense.
• Experience in providing review and challenge from an operational perspective for various corporate systems and application.
• Ability to work closely with peers and build strong partnerships with key stakeholders, and ability to influence through positive methods.
• Strong organizational, project management and multi-tasking skills.
• Demonstrat