Operational Risk Lead

Let’s be #BrilliantTogether

Head of Risk for STOXX Operations (Global Role, Prague location)

Let’s be #BrilliantTogether!

STOXX Ltd, part of ISS STOXX Group, is a global index provider currently providing a cross-asset class index family of over 6,500 indices. STOXX Ltd is at the forefront of innovative Index design continuously expanding its portfolio of sustainable and multi asset class indices, and operates on a global level.

The indices are licensed to the world's largest issuers of financial products, Asset owners and managers as well as to more than 500 companies around the world. Our Indices are used as the portfolio basis for ETFs, UCITS compliant funds, Structured Products, futures and options and also for risk and performance measurement.

Within this construct, we are now seeking to hire a leader to oversee Stoxx operations Risk activities (first line) while reinforcing our client-centric and quality-focused culture. While being a predominantly Risk Focused role, the position also offers significant opportunities to display leadership in Operating model, Technology and organizational design change initiatives. You will also lead the Operational Risk Management team within STOXX Operations.

Your Specific Objectives will include

• Collaborate with teams managing BAU activities for design and implementation of new controls to address key risk areas and ensure compliance with policies and regulations

• Investigate root causes of operational risks and propose strategic plans to prevent, eliminate and mitigate operational risks

• Ensure adherence to the Control Framework through detective controls (spot checks, random samples of evidence) and preventative measures (risk mitigation by automation, review of controls to identify redundancies)

• Develop strong relationship with key stakeholders and business partners by addressing issues/concerns in timely manner

• Support strategic risk initiatives, coordinate audit and regulatory activities including remediation work

• Manage and coordinate regular review of Qontigo Index Operational handbook and policies to ensure they are maintained and correctly reflect activities, as well as Qontigo/DAX Governance decisions

• Liaise with auditors (internal/external), provide support during audit and ensure mitigation actions are implemented

• Review and classify incidents, track resolution and closure, coordinate post-mortems, prepare internal / external reporting

• Monitor third party data providers to ensure adherence to contractual obligations.

What you bring to ISS STOXX

• 10+ years of relevant work experience including strong Risk Management experience (+5 years), preferably in banking, asset management or FinTech domains

• Experience of working in a regulated environment.

• Strong Risk Framework knowledge, including tiered risk ownership, Risk Taxonomy, KRI etc

• Previous experience in managing a team

• Strong stakeholder / client management skills i.e. ability to liaise and coordinate with senior management i.e. Product, Engineering, Finance, etc.

• Outstanding written and oral communication skills

• Ability to connect with diverse audiences, ranging from highly technical partners to business clients

• Excellent attention to detail with the ability to think logically to address business problems

• Ability to establish credibility and build strong, confident, collaborative relationships with business and technology partners including third parties, at all levels

• Track record of delivering successful projects and initiatives in a large, high-profile, and sophisticated global organizations

#LI-AV1 #MIDSENIOR #DIRECTOR #STOXX

What you can expect from us

Our people are the moving force behind ISS STOXX. We are dedicated to hiring the best, most talented people in our industry and empowering them with the resources and support to enhance their career, health, financial and personal well-being. 

We are committed to fostering, cultivating, and preserving a culture of diversity and inclusion. We are invested in our people and are working every day to ensure a diverse, equitable, and inclusive workplace.

Let’s empower, collaborate, and inspire one another. 

Let’s be #BrilliantTogether.

About ISS STOXX

ISS STOXX GmbH is a leading provider of research and technology solutions for the financial market. Established in 1985, we offer top-notch benchmark and custom indices globally, helping clients identify investment opportunities and manage portfolio risks. Our services cover corporate governance, sustainability, cyber risk, and fund intelligence. Majority-owned by Deutsche Börse Group, ISS STOXX has over 3,400 professionals in 33 locations worldwide, serving around 6,400 clients, including institutional investors and companies focused on ESG, cyber, and governance risk. Clients trust our expertise to make informed decisions for their stakeholders' benefit. 

STOXX® and DAX® indices comprise a global and comprehensive family of more than 17,000 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50®, STOXX® Europe 600 and DAX®, the portfolio of index solutions consists of total market, benchmark, blue-chip, sustainability, thematic and factor-based indices covering a complete set of world, regional and country markets. STOXX and DAX indices are licensed to more than 550 companies around the world for benchmarking purposes and as underlyings for ETFs, futures and options, structured products, and passively managed investment funds. STOXX Ltd., part of the ISS STOXX group of companies, is the administrator of the STOXX and DAX indices under the European Benchmark Regulation. 

Visit our website: https://www.issgovernance.com

View additional open roles: https://www.issgovernance.com/join-the-iss-team/

Institutional Shareholder Services (“ISS”) is committed to fostering, cultivating, and preserving a culture of diversity and inclusion. It is our policy to prohibit discrimination or harassment against any applicant or employee on the basis of race, color, ethnicity, creed, religion, sex, age, height, weight, citizenship status, national origin, social origin, sexual orientation, gender identity or gender expression, pregnancy status, marital status, familial status, mental or physical disability, veteran status, military service or status, genetic information, or any other characteristic protected by law (referred to as “protected status”). All activities including, but not limited to, recruiting and hiring, recruitment advertising, promotions, performance appraisals, training, job assignments, compensation, demotions, transfers, terminations (including layoffs), benefits, and other terms, conditions, and privileges of employment, are and will be administered on a non-discriminatory basis, consistent with all applicable federal, state, and local requirements.