eFinancialCareers

• Company

  E. D. Starr & Company

• Location

  Los Angeles, CA

• Compensation

  Competitive

• Position Type

  Employee

• Employment type

  Full time

• Updated

  05 Oct 2008

• eFC Ref no

  440976

Our client, a major west coast banking institution, is seeking an experienced and accomplished Operational Risk professional to join its corporate Operational Risk Management Group as a Vice President to lead in the development, implementation and support of its operational risk framework.

Specific responsibilities will include the development and implementation of the bank's the overall approach to applying Basel II advanced measurement techniques for operational risk capital. This includes responsibility as overall lead for all operational risk Basel II projects. This will include both qualitative and quantitative aspects of the approach, but key areas of focus will include:

• Overall Basel II project management including: issue resolution, milestone management, project dependency management, and vendor management.
• Direction of the bank’s quantitative analysts with respect to the development of a model for the calculation of operational risk capital using an Advanced Measurement Approach (AMA)
• Development of an approach for the allocation and use of operational risk capital within the bank.
• Direction of post-implementation support, development and enhancement of the operational risk capital model including conduct of sensitivity testing, stress testing and benchmarking.
• Responsibility for management and oversight of updates to the model with respect to regulatory requirements and leading best practice.
• Development and maintenance of operational risk capital reporting for business management and corporate governance structures.
• Support of ORM team with respect to operational risk capital including training, assistance with communication and engagement in business management discussions.

Requirements: 8+ years experience in operational risk management at either a large financial institution, major management consultancy or regulatory organization with significant exposure to operational risk models developed for regulatory or economic capital purposes with a strong grounding in the Basel II Capital Accord and Advanced Measurement Approach (AMA) requirements for operational risk and an understanding of current leading practices and implementation challenges for developing and implementing an operational risk framework. The successful candidate will have advanced expereince experience in operational risk AMA techniques, model design, development, and validation concepts and strong project management skills.

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, financial services and energy for positions in credit risk management / credit portfolio management, market risk management, operational risk management, risk reporting, RAROC/RAPM/Basel II ( Risk Adjusted Return on Capital / Risk Adjusted Performance Measurement ), controls, treasury, capital markets, risk management technology and business process improvement / business process reengineering / enterprise wide risk management.