Group Risk Specialist- Credit Risk Mgmt 1B (US)

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Dept Overview: The Group Risk Specialist is a 1B governance function in Credit Risk Management to ensure compliance with Operational Risk Management programs. Primary responsibilities include execution of Risk and Control Self-Assessments (RCSAs), Control Testing, Issues Management, creation and monitoring of Key Indicators (KIs), Change Governance for change initiatives, etc. The Group Risk Specialist works closely with the 1A teams in Credit Risk Management, the Operational Risk 2A Partners, and other risk partners to complete timely deliverables. A day in the role can be independent work preparing for an upcoming RCSA meeting with 1A stakeholders through review of prior RCSA documents, 1A procedures, operational risk reporting, audit/regulatory findings, RCSA standards, guidelines, and related training decks. Another example can be leading RCSA meetings with 1A stakeholders to discuss applicable risk statements, assigning inherent risk ratings and identifying and writing control statements. Days also include responding to risk partner challenge, imparting program guidance, seeking clarification from program subject matter experts, leading walkthrough meetings to understand the design effectiveness of 1A controls, establishing testing criteria and steps, performing control testing, identifying control weaknesses/gaps and monitoring remediation activities through closure.   The Group Risk Specialist provides a comprehensive and diverse range of risk management expertise to business leaders. Leads and supports the implementation of appropriate risk frameworks and leading related management activities to mitigate enterprise and/or business-wide risk exposures for key business segment of the Bank or functional area. May provide oversight, commentary, and recommendations based on overall strategy and industry best practices. Depth & Scope: Highly seasoned professional role requiring substantial knowledge/expertise in a complex field and knowledge of broader related areas Integrates knowledge of the enterprise sub-function’s or business line’s overarching strategy in developing solutions across multiple functions or operations Interprets internal/external business challenges and the industry environment, recommends course of action and best practices to improve products, processes or services Acts as a technical expert/lead integrating cross-function understanding within their own field of specialty; may manage team(s) of related specialists Leads cross-functional teams or projects with significant resource requirements, risk and/or complexity Independently manages end-to-end functional programs Solves or may lead others to solve complex problems; leads efforts or partners with others to develop new solutions Uses sophisticated analytical thought to exercise judgement and identify solutions Impacts the achievement of sub-function or business line objectives within the area they are accountable for Work is guided by policies and industry standards/methods Communicates difficult concepts; converts information to compelling business context and advice; influences