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Operations Risk Manager

Duration: 6 + Months contractJob Description:• This position is expected on-site 3 days a week. Role will most likely begin onsite.• Please note the interview process will be two rounds,• Top 3 Skills: Proactive/takes initiative, Positive attitude, Eager to learn/picks things up quicklyOperations Risk and/or Audit experience is PREFERRED.The MSIM Operations Risk team supports the MSIM Operations line teams through identification, assessment, remediation, reporting, mitigation and governance of risk. The team is also involved in internal and external audit facilitations, end-user entitlements reviews, independent assessments, business continuity planning, managing regulatory risks, risk education, vendor management, awareness and embedding a culture of risk management. The team is global in nature with staff located in New York, Boston, London and Mumbai. The New York team is directly responsible for North America Operational risk, with involvement and oversight of global initiatives.The position is primarily responsible for risk coverage, assessment and monitoring for Operations functions in Investment Management. This position would also require the individual to work closely with global functional teams and lead risk projects/initiatives in addition to regional day to day risk coverage and support.Responsibilities:· Operations Risk Management risk identification, assessment, monitoring, tracking, reporting and mitigation· Manage the risk identification and escalation process for risk matters within the region· Participating and supporting regulatory reporting framework; with specific focus on regulatory matters & impacts in the region· Contributing to risk incident postmortems and deep dives Periodic functional risk assessments and reporting to senior stakeholders· Review and enhancement to current risk measurements and indicators in support of operational risks within the region· System entitlements review facilitation· Business Continuity Planning and Information Security review· Liaising and coordination for Audits (Internal, SSAE 18), external assessments and Regulatory Exams· Facilitate Risk Control SelfAssessments (RCSA) and Key Controls testing· Drive the Operations Risk program and initiatives globally and regionally, including participating in or leading associated projects· Other related duties as assignedExperience:· Relevant prior experience or knowledge of regulatory environment· Relevant prior experience in conducting internal audits for Mutual funds and any exposure to Audit exercises will be an added advantageSkills:· Preferable experience in Investment Management, Operations, Operational Risk and/or Regulatory Reporting· A Risk Manager with approximately 3 years of operational risk experience· Ability to lead and drive initiatives independently· Strong presentation skills and an ability to report to and manage senior stakeholders· Strong verbal and written communication skills· Strong attention to detail, quality and accuracy· High degree of computer literacy, including working knowledge of Windows based applications such as Word, Excel and PowerPoint· An ability to think outside the box and look for creative solutions· Demonstrated ability to work effectively in a team-oriented environment· Proven record of collaborating with colleagues across geographic and functional boundaries· Strong drive for continuous improvement· Has workstation and ability to work remote (2days per week)Education:· Bachelor degree is preferred.About US Tech Solutions:US Tech Solutions is a global staff augmentation firm providing a wide range of talent on-demand and total workforce solutions. To know more about US Tech Solutions, please visit www.ustechsolutions.com.US Tech Solutions is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Recruiter Details:Name: VenkateshEmail: Venkatesh.t@ustechsolutionsinc.comInternal Id: 24-27841

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$153072 / ANNUAL (est.)
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$133K
$173K

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What You Should Know About Operations Risk Manager, US Tech Solutions

Are you passionate about ensuring smooth operations and managing risk? US Tech Solutions is looking for an Operations Risk Manager based in New York, NY, to join our dynamic team for a 6+ month contract. This role is primarily on-site three days a week, giving you the chance to collaborate closely with our talented staff located around the globe. In this position, you will play a vital role in the MSIM Operations Risk team, supporting the identification, assessment, and mitigation of risks. You'll be involved in activities such as internal audits, regulatory reporting, and business continuity planning, while also fostering a culture of risk awareness across the organization. The ideal candidate should bring enthusiasm, a proactive attitude, and a strong desire to learn. Your experience in Operations Risk, especially within Investment Management, will be greatly beneficial. You will be working on global initiatives, so the ability to communicate effectively with senior stakeholders and manage multiple projects is essential. If you thrive in a collaborative environment and enjoy tackling challenges head-on while delivering quality results, we would love to hear from you!

Frequently Asked Questions (FAQs) for Operations Risk Manager Role at US Tech Solutions
What are the primary responsibilities of an Operations Risk Manager at US Tech Solutions?

The Operations Risk Manager at US Tech Solutions is responsible for identifying, assessing, and mitigating risks associated with operations in Investment Management. Key responsibilities include tracking risk incidents, conducting regulatory reporting, overseeing audits, facilitating risk control assessments, and enhancing current risk measurements. This role demands strong analytical skills and the ability to communicate findings to senior stakeholders.

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What qualifications are necessary for the Operations Risk Manager position at US Tech Solutions?

To be considered for the Operations Risk Manager role at US Tech Solutions, candidates should ideally have a Bachelor’s degree and around three years of operational risk experience—preferably within the Investment Management sector. Additionally, familiarity with regulatory environments and conducting internal audits for mutual funds is beneficial. Strong communication and presentation skills are crucial for interacting with senior management.

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What skills are essential for success as an Operations Risk Manager at US Tech Solutions?

Successful candidates for the Operations Risk Manager position at US Tech Solutions should exhibit a proactive approach to risk management, possess strong attention to detail, and exhibit outstanding verbal and written communication skills. The ability to work collaboratively with global teams, lead initiatives independently, and think creatively to solve problems is also important for driving the operations risk program effectively.

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How does the Operations Risk Manager role at US Tech Solutions contribute to team goals?

The Operations Risk Manager contributes significantly by managing the risk identification and escalation processes within the team, enabling clearer communication of risks and solutions. By actively participating in audits, regulatory reporting, and facilitating business continuity planning, this role ensures that risks are meticulously monitored and mitigated, thus contributing to overall team effectiveness and security.

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What experience will set a candidate apart for the Operations Risk Manager role at US Tech Solutions?

Candidates who possess prior experience in Investment Management, along with a solid understanding of operations, operational risk, and regulatory reporting, will stand out for the Operations Risk Manager role at US Tech Solutions. Additionally, a proven track record of engaging cross-functionally and driving initiatives independently would be highly advantageous.

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Common Interview Questions for Operations Risk Manager
Can you describe your experience with operational risk management?

In answering this question, focus on specific projects or initiatives you've led related to operational risk management, providing examples of how you identified, assessed, and mitigated risks effectively. Highlight your understanding of regulatory requirements and how you have ensured compliance in past roles.

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How do you prioritize tasks in a fast-paced operations risk environment?

When addressing this question, explain your approach to risk assessment and task prioritization. Discuss techniques like risk ranking, stakeholder communication, and how you balance immediate tasks with long-term strategic initiatives in operations risk management.

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What tools or software do you typically use for risk assessments?

Be prepared to discuss various tools or systems you've utilized for operational risk management, such as risk management software, Excel, or project management tools. Explain how these tools have enhanced your ability to track, report, and mitigate risks effectively.

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Can you provide an example of a risk incident you managed?

In your response, narrate a specific risk incident, detailing how you identified the risk, the actions you took to manage it, and the positive outcomes that resulted from your intervention. Emphasize your analytical skills and problem-solving abilities.

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How do you ensure effective communication with senior stakeholders?

Describe your strategies for maintaining transparent and consistent communication with senior management, including how you adapt your messaging to suit different audiences and ensure they are informed about key risk issues and developments.

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What is your approach towards continuous improvement in risk management processes?

Share your insights and methodologies for assessing current risk management processes and implementing improvements. Discuss specific examples where you've driven changes that led to enhanced efficiency or effectiveness in managing operational risks.

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How do you deal with conflicting priorities in risk management?

Explain your conflict resolution skills and how you assess the urgency and importance of conflicting priorities. Highlight your ability to negotiate and collaborate with team members to find the best solutions while maintaining focus on overarching goals.

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What role do you believe risk culture plays in operations?

Articulate your thoughts on the importance of cultivating a strong risk culture within an organization. Discuss how you would contribute to this culture as an Operations Risk Manager and why it matters for operational success.

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What recent trends in operational risk management have you observed?

This is your chance to demonstrate your industry knowledge. Discuss a few current trends in operational risk management, such as the impact of technology, regulatory changes, or the evolving nature of risk in global operations, showcasing your insights.

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Why do you want to work as an Operations Risk Manager at US Tech Solutions?

Share your enthusiasm for the Operations Risk Manager role at US Tech Solutions. Discuss your alignment with the company’s values, your interest in investment management, and how your skills and experiences make you a great fit for the team.

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At US Tech Solutions we understand that the primary growth driver of any company’s success is ‘its people’. With this philosophy in mind, USTECH offers talent solutions to more than 150 global organizations including 20% of Fortune 500. We are a...

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DATE POSTED
December 16, 2024

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