Operational Risk Strategy

• Assist in driving an integrated operational risk strategic roadmap for CUSO, partnering with internal stakeholders as well regional leads across CUSO.
• Partner closely across lines of business and 2LOD partners to drive efficiency and connectedness of ongoing projects, as assigned with the lens of operational risk.
• Collaborate with management to conduct periodic external research including external auditor, government agency or regulator websites, blogs, articles, third-party services, regulatory compliance organizations/councils, etc. to understand regulatory requirements related to operational risk.
• Assist in maintaining regulatory requirements in an inventory that can be used as a reference for development/maintenance of RBCs Operational Risk related frameworks, policies and standards.
• Coordinate with Legal and Compliance partners to enhance the completeness and consistency of CUSO's operational risk interpretation of external information.
• Execute periodic reviews of operational risk guidance to evaluate the completeness of incorporation of regulatory requirements in existing governance documents, policies and standards; provide gaps and inconsistencies as input to the policy development, maintenance process and execution of activities across CUSO.
• Assist in developing and maintaining portfolio of reporting and presentation materials to articulate the Operational Risk profile and the impact of emerging risks and new regulations to management for delivery to senior management and governance forums. Oversee execution and and tracking for CUSO Operational Resilience work. Create periodic status reporting and other presentation materials on progress against Operational Resilience milestones for management for delivery to senior management and governance forums.
• Execute a comparative analysis of Operational Risk activities across CUSO to ensure consistency in execution and reporting.
• Implement a complete and accurate snapshot to all applicable CROs across CUSO of the state of Operational Risk by preparing and distributing periodic reporting and dashboards.

Operational Risk Exam Readiness and Remediation

• Evaluate regulatory exam requests, information requests, and regulatory findings to determine the operational risk management and governance related impact.
• Facilitate the plan and approach to address regulatory exam requests, information requests, and regulatory findings coordinating with operational risk leadership.
• Monitor and track proactive measures to ensure CUSO is meeting regulatory expectations and emerging risks.
• Coordinate across CUSO of those engaged in the regulatory initiative including ensuring timely achievement of planned milestones and deliverables.
• Support the creation of periodic status reporting and other presentation materials on progress against regulatory initiatives milestones for management to deliver to senior management and governance forums in conjunction with the Governance, Risk and Controls (GRC) office.
• Regulatory Issue Management: work directly with enterprise stakeholders inclusive of the Governance, Risk and Controls team (GRC) to ensure timely execution of MRA deliverables across CUSO

Internal Audit Readiness

• Participate in discussions with audit to understand their operational risk management expectations.
• Evaluate internal audit requests to understand operational risk governance related impacts.
• Facilitate the plan and approach to addressing internal audit exams and findings / remediation.
• Coordinate across CUSO leads and business partners to ensure timely responses to audit requests.
• Assist in the performance of quality assurance/2LOD reviews on all materials provided to audit that are not related to regulatory issues.
• Assist in developing and maintaining periodic status reporting and other presentation materials on progress against internal audit milestones and deliverables.

Integration

• Work on projects, as assigned.

Job Skills

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