eFinancialCareers

• Company

  E. D. Starr & Company

• Location

  USA-NY-New York City

• Compensation

  Competitive

• Position Type

  Employee

• Employment type

  Full time

• Updated

  06 Jul 2008

• eFC Ref no

  372869

Our client, a World Leader in Professional Services and Risk Advisory, is seeking an accomplished Operational Risk Management Professional to join its prestigious Risk Management Advisory Group. The Financial Risk Management Advisory group advises Financial Institutions regarding interest rate risk, FX risk, commodity risk and equity risk on a variety of projects in credit risk management, risk reporting, market risk measurement, RAROC / Basel II / Economic Capital, energy risk, corporate treasury, derivatives pricing/valuation quantitative methods, Value at Risk (VAR), straight through processing (STP) and financial risk systems. The Operational Risk Team advises clients regarding methods to manage and measure operational exposure in securities operations, sales and trading, custody operations, clearing at banks and broker dealers. They evaluate a client's internal risk controls and operational processes, identify patterns of trading/operational exceptions and advise clients on developing and implementing operational risk strategies, risk frameworks, control self assessments /risk assessments and loss event databases.

Additional responsibilities include:

• Assisting clients in implementing and deploying an operational risk strategy, including services such as: operational risk governance/ framework development, risk and control self assessments, key risk indicator processes and loss event database methodology and processes;

• Helping clients develop and define operational risk business requirements and implement operational risk business processes and/ or technology solutions;

• Assessing and evaluating a client’s internal control environment and develop creative and practical solutions to address issues identified and provide value added services to the client;

• Facilitating client workshops focused on risks and controls;

• Leading, executing and managing all aspects of advisory projects and effectively interacting as a member of a project team;

• Implementing creative and practical solutions to assist the clients in reaching their business objectives;

• Summarizing and communicating results and recommendations based upon analyses in a concise and meaningful way for Client Management;

• Providing thought leadership related to operational risk management through participation at industry seminars, creation of articles for publication, developing and delivering professional training programs, project methodology development/ enhancement:

• Manager's are responsible for leading integrated project teams for complex risk management projects, managing client relationships, aggressively pursuing new business opportunities, managing and mentoring staff and contributing to the successful development of the practice's Operational Risk Management Offering.

  Requirements: 8+ years of related experience in Financial Services or Big 4/Big 5 or similar with significant exposure to risk management, internal controls or audit / auditing, operational processes and project management in front, middle and back office operations with a strong exposure to capital markets products (including: CDO's/CLO's, MBS, ABS, Derivative Products-Swaps, Credit Derivatives, Equity Derivatives, Options etc.). MBA and / or CPA preferred.

  Qualified candidates are invited to forward their resume in confidence to:

  Gene Starr

  E. D. Starr & Company

  40 Exchange Place

  New York, New York 10005

  (212) 248-1692

  E-Mail: gene.starr@edstarr. com

  E. D. Starr & Company is a full service executive search firm specializing in recruitment for management consulting and financial services for positions in credit risk management / credit portfolio management, market risk management, operational risk management, quantitative methods, risk reporting, RAROC/RAPM/Basel II ( Risk Adjusted Return on Capital / Risk Adjusted Performance Measurement ), controls, treasury, capital markets and business process improvement / business process reengineering.