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Operational Risk & Control Manager

Operational Risk & Control Manager at Clear Street, New York.
Clear Street
Hybrid
On-Site
United States
USD 160,000 - 200,000
Job Description
Clear Street is seeking an Operational Risk and Control Manager to enhance the firm’s operational risk and control framework. This role involves developing and implementing standards, procedures, and controls for operational processes and workflows, as well as providing key communication and reporting across multiple teams. The ideal candidate will possess strong leadership, analytical, and problem-solving skills, attention to detail, and the ability to work effectively under pressure. They will also be responsible for strategic planning and execution.

Responsibilities:
  • Co-ordinate preparation of risk control assessments (RCAs) liaising with Management as required.
  • Provide guidance relating to RCA scoping, risk identification, control identification and control assessment.
  • Review and validate risk control assessments and intemal control monitoring plans
  • Develop and review Intemal Control Monitoring Plans based on key risks.
  • Monitor the testing of primary risk controls and recommend improvements based on trends related to operational risk appetite metrics
  • Manage issues and actions identified as a result of risk control testing and relevant audits.
  • Track the progress of issues/actions remediation and monitor identified issues
  • Provide guidance to risk and control owners in relation to risk policies and procedures, operational risk management frameworks, new business deals/products and changes/enhancements to existing deals/products, and produce line of business specific guidance documents.
  • Provide input to the development and maintenance of business specific and local risk procedures, as requested by Management and defined in a Specification, and support the embedding of the operational risk framework and operational risk Applicable Policies and Procedures across the First Line of Defense.

Requirements:
  • Preferably 10+ years in the Financial Services field
  • Technologically inclined
  • Ability to write policy and procedure documents
  • Experience with process mapping and control frameworks
  • Ability to communicate with Regulators, Auditors and Central Counterparty Clearing Houses
  • Self-Starter who can take initiative to take on items that come up

Clear Street offers:
  • Opportunity to join a small and growing team
  • A meritocratic philosophy that champions collaboration
  • Room to innovate and solve complex business problems
  • Competitive compensation, benefits, and perks
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Clear Street

Clear Street is a diversified financial services firm modernizing the brokerage ecosystem. Founded in 2018, the company replaces outdated capital market infrastructure with a cloud-native clearing and custody system. Its proprietary prime brokerage platform enhances market efficiency by minimizing risk and costs for clients. Clear Street aims to create a unified platform for all asset classes, currencies, and countries, combining skilled product and engineering talent with experienced finance professionals to compete in today's fast-paced markets.

All Jobs at Clear Street (45)