Operational risk is "the risk of a change in value caused by the fact that actual losses, incurred for inadequate or failed internal processes, people and systems, or from external events (including legal risk), differ from the expected losses". This definition, adopted by the European Solvency II Directive for insurers, is a variation from that adopted in the Basel II regulations for banks. In October 2014, the Basel Committee on Banking Supervision proposed a revision to its operational risk capital framework that sets out a new standardized approach to replace the basic indicator approach a ...
nd the standardized approach for calculating operational risk capital. It can also include other classes of risks, such as fraud, security, privacy protection, legal risks, physical (e.g. infrastructure shutdown) or environmental risks. The study of operational risk is a broad discipline, close to good management and quality management.
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Title: Operational Risk Manager. Duration: 06 months. Location: Charlotte, NC United States (Hybrid). Consult on complex initiatives with broad impact and large-scale planning for Independent Risk Management, such as Credit Risk, Independent Testing, or Operational Risk. Review and analyze complex multi-faceted, larger scale or longer-term Independent Risk Management challenges that require in-depth evaluation of multiple factors including intang...
About Current. Current is a leading consumer fintech platform transforming financial access for everyday Americans with over five million members. We provide access to financial solutions that seamlessly work together to solve the needs of our members and enable all Americans to build better financial futures. Based in NYC, our results-driven environment drives us to build better products, grow faster and empower everyone on our team to have an i...
AQR Capital Management. AQR is a global investment firm built at the intersection of financial theory and practical application. We strive to deliver concrete, long-term results by looking past market noise to identify and isolate the factors that matter most, and by developing ideas that stand up to rigorous testing. By putting theory into practice, we have become a leader in alternative strategies and an innovator in traditional portfolio manag...
Job Title: Risk Management Associate. Location: Richmond, VA. Type: Full time. This role is perfect for someone who enjoys problem-solving, collaborating with stakeholders, and driving meaningful improvements. What You’ll Do. Partner with teams across Finance to support strong risk and control practices. Lead end-to-end control testing to validate key processes and identify gaps. Communicate findings, document control issues, and support timely r...
Responsibilities of Risk & Control Analyst. Coordinate and conduct Risk and Control Self-Assessment (“RCSA”). Coordinate and conduct Vendor Risk Assessment, Model Risk Assessment, and Operational Risk Event (Business Continuity) Assessment. Conduct analyses of risk data to identify trends and potential areas of concern. Perform deep dives to assess the design and operational effectiveness of controls surrounding key technology and operations proc...
We are seeking an Operational Risk Analyst to join the Optiver Operational Risk Management team. In this role, you will be responsible for monitoring risk, scaling operational controls, and continuously enhancing our risk and control frameworks through the use of advanced analytics and AI tooling. Leveraging real-time data, you’ll analyze incidents at the source, identify emerging patterns, and proactively drive improvements to ensure resilient, ...
What We're Up To. Kalshi has defined a new category: prediction markets. Kalshi allows people to trade on the outcome of any events and turn any question about the future into a financial asset. Kalshi fought for years and legalized prediction markets in the US for the first time in history. Kalshi is currently the fastest growing financial market in America, and has over 1,900 markets across politics, economics, financials, weather, tech, AI, cu...
At Valley Bank, we believe in people's growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we've been the Bank that clients from every industry turn to for our expertise, strategies, and advice--building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth--with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices...
About the role. As a Risk and Compliance Analyst, you will monitor regulatory adherence and operational risks by analyzing data, conducting audits, and supporting the development of control frameworks that protect business integrity and ensure compliance across functions. You will be a valued member of our telecom operations team, collaborating with internal stakeholders, vendors, and regulatory bodies to ensure full compliance with Indian teleco...
The Enterprise Risk Management organization at Visa maintains the enterprise risk framework along with each of its taxonomies and plays the role of risk business partner to all the corporate functions. Visa is seeking a senior manager to support our second line of defense compliance and legal risk management team and work closely with the first line of defense. Essential Functions. Manage risk and control self-assessment (RCSA) processes inclusiv...
The Enterprise Risk Management organization at Visa maintains the enterprise risk framework along with each of its taxonomies and plays the role of risk business partner to all the corporate functions. Visa is seeking a senior manager to support our second line of defense compliance and legal risk management team and work closely with the first line of defense. Essential Functions. Manage risk and control self-assessment (RCSA) processes inclusiv...
