Operational Risk Specialist

Weehawken, United States - New Jersey
Competitive salary
06 Dec 2022
05 Jan 2023
Approved employers
Approved employer
Job role
Your role
Are you an expert when it comes to performing second-line-of-defense activities? Do you 'think on your feet', balancing commercial objectives with legal, regulatory and ethical considerations? Do you advocate for the importance of operational risks?

We're looking for an Operational Risk Specialist to:

• act as a compliance and operational risk control (C&ORC) subject-matter expert across business divisions, supporting them in managing risk and completing stress testing regulatory examinations
• ensure the C&ORC framework is kept in line with policies and procedures as well as legal, regulatory and business standards
• prepare pre-workshop materials and post workshop documentation for the Comprehensive Capital Analysis and Review (CCAR)
• review and challenge material risk identification and help manage operational risk loss projections for CCAR.
• deliver independent risk assessment and provide effective challenge to the 1st and 2nd line of defense in relation to consequential risks and the risk frameworks
• data management of IHC internal loss events and create reports on a quarterly basis for new operational risk events
• reviewing external events and other metrics to support our idiosyncratic scenario workshops
• enhancing the documentation for all of our CCAR submission materials
• support and minute operational risk workshops for all capital components
• help address any MRAs/MRIAs from the recent Federal Reserve reviews of Operational Risk for CCAR

Your team
You'll be working in the Americas ORC team in Weehawken, NJ or Nashville, TN. As Operational Risk Specialist, you'll play an important role in completing the regulatory stress testing requirements prescribed by the Federal Reserve Board.

Diversity helps us grow, together. That's why we are committed to fostering and advancing diversity, equity, and inclusion. It strengthens our business and brings value to our clients.

Your expertise
• ideally 4-5+ years of experience in risk, data, audit or compliance
• familiar with CCAR regulations SR15-19
• a bachelor's degree or equivalent in finance/ enterprise risk management
• analytic, with the ability to provide practical solutions for minimizing risk
• result-oriented and assertive (you don't shy away from challenging situations)
• fluent in English to support local client base
• structured, rigorous, analytical and thorough in your approach with the ability to form defensible conclusions from risk assessments
• someone with strong and sound judgement and able to articulate views, assessments and approaches both verbally and in writing precisely, concisely, logically and accurately including with visuals where required
• able to present to and respond effectively to senior internal and external stakeholders
• team-oriented with strong interpersonal skills, able to calmly manage conflict and pressure in a demanding, high-volume environment
• able to be flexible and capable of prioritizing based on changing internal or external demands
• experienced in handling sensitive information with a high degree of discretion
• organized and able to build and manage timelines, project plans and provide status updates to senior management

About us
UBS is the world's largest and only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors.

With more than 70,000 employees, we have a presence in all major financial centers in more than 50 countries. Do you want to be one of us?

Join us
At UBS, we embrace flexible ways of working when the role permits. We offer different working arrangements like part-time, job-sharing and hybrid (office and home) working. Our purpose-led culture and global infrastructure help us connect, collaborate, and work together in agile ways to meet all our business needs.

From gaining new experiences in different roles to acquiring fresh knowledge and skills, we know that great work is never done alone. We know that it's our people, with their unique backgrounds, skills, experience levels and interests, who drive our ongoing success. Together we're more than ourselves. Ready to be part of #teamUBS and make an impact?

Disclaimer / Policy Statements
UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.

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