Have excellent communication skills to deal with business partners, team, and leaders. Prepare data summary analysis, internal trending reports, and presentations, as needed. Prepare Operational Risk Management reports or dashboards as required by leadership.
Key Responsibilities
Operating Soundness
- Supports the 1st Line Risk Managers to review processes on a periodic basis alongside the business to ensure the Operational Risk Management Framework is embedded consistently across the organization. Which will then ensure there are effective controls in place to mitigate against risks.
- This includes ensuring processes, risks and control inventories are up to date and support the objectives of the 1st Line risk team.
- Review and refresh process maps and undertake risk and control reviews of processes alongside 1st Line Risk Managers
- Reviews risk and control Key Risk Indicators (‘KRI’) that are impacted by Risk Events, Change Programmes or other events which may cause them to be updated and reissued – propose updates to KRI owners
- Plays a key role in the testing of controls following the Operational Risk Management framework. This involves the management of a control library, writing test scrips and undertaking control testing.
- Supports 1st Line Risk managers in writing/reviewing select policies and procedures.
- Runs tracker or project management for Issue Management related to Controls, as requested by 1st Line Risk managers
-Coordinates operational resilience exercises, with support from 1st Line Risk managers
Operational Risk Management ie (Assessments (Risk Control Self Assessment (‘RCSA’), Scenario Planning, Emerging Risk Analysis, Outsourcing Risk Analysis, Deep Dives), Trends (Risk Indicators, Risk Events, External Events), Findings (1st Line Risk testing, RCS assurance, SOX, ISAE tests)
-Supports 1st Line Risk managers in coordinating and performing risk assessment activities and Risk Control Committee (‘RCC’) deep dives, prepares recommendations for presentation to Business Unit head
-Ensures timely and accurate Risk Event (‘REV’) incident recording and proposes escalation to 1st Line Risk managers, as required
-Oversees REV action remediation
-Reviews risk trends and recommends actions
-Conducts risk-based testing at the direction of the 1st Line Risk manager
-Supports 1st Line Risk teams in coordinating responses to findings from 1st Line Risk testing, RCS assurance or SOX/ISAE testing)
Governance ie. BU control meeting / RCC
-Supports preparation of agenda/papers for Business control meetings
-Support preparation of updates for RCC where required for escalation purposes
Risk expertise
Keeping up to date with company-wide and industry best practices around effective operational risk management
- Collaborating with the Second Line of Defense on risk initiatives, including the global Operational Risk Management (‘ORM’) framework and making recommendations to 1st Line Risk managers
Required Qualifications
2-3 years of relevant experience with master degree
Excellent written and spoken English skills.
Risk/Control expertise: knowledge of current techniques in operational risk management, controls and operational soundness
Analysis: ability to assess data points (eg. inherent risk, crystallised risk, emerging risks, control effectiveness) to propose an actionable plan to bring data points into tolerance
Testing: ability to test control design, effectiveness and evidencing
Workshop facilitation: ability to run workshops with business SMEs and senior leadership with support from 1st Line Risk Managers to perform process reviews or control testing discussions.
Process Mapping: Be able to use Microsoft Visio to document a process or sub process in the form of flow document
Oversight: support the 1st Line Risk teams in oversight of unit deliverables with respect to the control environment
Preferred Qualifications
Experience with MicroSoft Access.
Self-Motivated; ability to deliver on competing priorities and multi-task.
Any additional qualification or experience with SQL
Any additional qualification or experience in Risk Analytics.
About Our Company
Ameriprise India LLP has been providing client based financial solutions to help clients plan and achieve their financial objectives for 125 years. We are a U.S. based financial planning company headquartered in Minneapolis with a global presence. The firm’s focus areas include Asset Management and Advice, Retirement Planning and Insurance Protection. Be part of an inclusive, collaborative culture that rewards you for your contributions and work with other talented individuals who share your passion for doing great work. You’ll also have plenty of opportunities to make your mark at the office and a difference in your community. So if you're talented, driven and want to work for a strong ethical company that cares, take the next step and create a career at Ameriprise India LLP.
Ameriprise India LLP is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, genetic information, age, sexual orientation, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.
Full-Time/Part-Time
Full time
Timings
(2:00p-10:30p)
India Business Unit
AWMPO AWMP&S President's Office
Job Family Group
Business Support & Operations
What We Do
Ameriprise Financial has helped millions of clients feel confident about their financial futures for more than 125 years. Our network of approximately 10,000 financial advisors* delivers personalized financial advice to help clients reach their goals.
We believe that with the right advisor, the right advice, and the right firm, life can be brilliant.
Ameriprise has corporate locations throughout the U.S. and across the globe, and advisor offices in all 50 states.
Learn how you can build your career at Ameriprise Financial.
*Ameriprise Financial Q2 2020 Statistical Supplement
All content on this page is provided for informational purposes only and should not be used as the sole basis for investment decisions. Ameriprise Financial cannot guarantee future financial results. Investment products are not federally or FDIC insured, are not deposits or obligations of, or guaranteed by, any financial institution, and involve investment risks including possible loss of the entire amount invested.
By clicking on a hyperlink, you may be directed to a non-Ameriprise website. Be aware that the linked site will be subject to rules, regulation, and privacy and security provisions that are separate, and may differ, from Ameriprise Financial.
Investment advisory products and services are made available through Ameriprise Financial Services, LLC., a registered investment adviser.
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