Operations Risk/Control Analyst

Software Guidance & Assistance, Inc., (SGA), is searching for an Operations Risk/Control Analystfor a contract assignment with one of our premier Financial Services clients in New York, NY. Onsite hybrid work required - this is not a remote position This is not a Senior or Director level position Responsibilities :

• Risk Analysis & Advisory:
  • Assess and quantify potential incidents, document and obtain validation of potential incidents
  • Develop close partnerships with GFS US team management, GFS US COO team, GFS Paris, Central COO Permanent Control managers and staff across CIB Functions
  • Develop knowledge of operational risk at a department level through training and awareness
  • Acquire a good understanding of GFS US processes in order to assess inherent risk and present results for discussion and decision
  • In collaboration with the GFS US teams, participate to the definition and/or improvement of KRIs to monitor the operational risk profile
• Control Plan Management:
  • Serve as primary liaison with the Central COO and GFS Paris teams concerning items of mutual alignment
  • Facilitate control governance by evaluating, maintaining and enhancing the OPC reporting process
  • Perform control testing and document results, along with any evidence, into the Control System
  • Work with senior management to ensure that all action plans are appropriately implemented
• Incident Analysis:
  • Collect and report historical incidents in the company's reporting dedicated tool Risk360
  • Contribute to the set-up of corrective action plans and follow-up of implementation
  • Obtain the validation from all parties involved and coordinate the sign-off process
  • Ensure management visibility of significant incidents via Sub-Internal Control Committee presentations
• Procedures Management:
  • Management and oversight of GFS policy and procedure library
  • Liaison between GFS US teams and CPO for Level 3 policies and procedure
  • Maintain an efficient procedure framework ensuring they meet all local and global standards
  • Ensure all GFS-US Procedures remain up to date, with appropriate detail and control documentations, following-up with management as needed
  • Maintain existing procedures and draft new procedures for the COO Team, as required
• Performance & Risk Reporting:
  • Mature the risk-based metrics, scorecards and dashboards to track performance
  • Identify and monitor trends across the bank that may impact the existing GFS US OPC framework
  • Provide Management with clear reporting on incidents and trends as well as action plans status
  • Maintain an annual timeline, list of deliverables and reporting responsibilities for GFS US OPC
  • Utilizing the designated systems, maintain local management reporting for L1 and L2 Controls
• Governance & Awareness:
  • Provide contribution for GFS US in Central Permanent Control Reporting, narratives and obligations
  • Perform updates to Risk360
  • Present an overview of the operational risk status and actions in regular meetings with management
  • Regularly review OPC framework to ensure set-up is correctly covering all areas in accordance newly published procedures, local/Group guidelines and escalate to line management as appropriate
  • Contribute to team governance via projects or improving documentation
• Process Efficiency:
  • Contribute to the execution of the department's process efficiency initiative

• Bachelor Degree
• 6+ years of professional experience, ideally in operational risk management or audit
• Strong understanding of procedures, control and governance processes
• Experience in financial industry and products but preferably in Compliance

• Project management experience/ certification
• Financial Compliance experience preferred
• Expert level PowerPoint, Visio, Excel, SharePoint proficiency
• Prior experience in IT
• French fluency a plus