Senior Officer - Operational Risk

Job Purpose: 

Contribute to the efficient and accurate processing of Operation Risk activities, including handling of all Investigation/Compensation inquiries, daily Bank Nostro Reconcilements and operational risk and controls and bank compliance. 

Responsibilities: 

Investigations and Compensation

•Investigate and resolve USD and FX transactions inquiries, return of funds andreconciliation exceptions accurately escalating non-routine cases to management

•Track and resolve all cases which migrate to the Compensation phase inaccordance with BAFT-IFSA compensation rules where settlement is either duefrom or due to NK NY, escalating non-routine cases to management

•Responsible for accurate and timely monthly reporting for the department

•Responsible for the accurate and timely month end reconciliation of alldepartment related accounts (Comp, OFAC, etc.)

Reconcilements:

•Perform and review with management the daily bank reconciliations and distributethe daily report to all concerned parties

•Identify if an investigation case needs to be generated in conjunction withreconciliation exceptions

•Prepare entries and resolve reconciliation exceptions where applicable

•Limit monitoring and maintenance for CRM Equation limit systems

•Daily review of Customer Overdraft Report and exception investigation, approvaland reporting

•Backup for Account Opening

•Client Audit Confirmations

•Periodic review and vault cash reconcilement

•Support vendor management program

•Support Incident Report review and recording

•Support KRI updates and monitoring

•Support Risk Control Self Assessment update and monitoring

•Support updates of policies and procedures as well as Committee’sTerms ofReference

Qualifications and Experience:

•3-5 years of experience in risk management and administration

•BA/BS degree

•Hands-on knowledge of Investigations/Compensation, Nostro Reconcilementand other Middle Office processing and procedures

•Fully versed in BAFT/IFSA Compensation rules and regulations

•3 years’ experience in Investigations/Compensation and Reconcilements

•Knowledge of Equation, eGifts, Swift and Fedwire transaction processingstructures, ICSWEB, WIT$WEB, Excel and Word

Skills Essential:

•Knowledge of Operational Risk and BSA/AML compliance

•Self motivator and team player with strong interpersonal skillsPrior Bankingknowledge of Investigations/Compensation, Reconciliation & Middle Officeprocesses and procedures

•Ability to escalate and resolve problems quickly