Operational Controls Tester -VP

Summary Position based in New York, within the Risk Division, which is a 2nd LOD function, to assist the Operational Risk team in testing operational controls, identified as part of the annual Risk Control Self-Assessment (“RCSA”). The testing will validate the control design and operational effectiveness. The individual will need to manage, monitor, and deliver control testing in line with the CUSO Risk Testing and Monitoring Policy. Required Responsibilities As member of NY-ORM Control Testing Team you will: Plan and lead fieldwork for control testing reviews for timely delivery of the test plan while minimizing the impact on the business line / support function that owns the controls Ensure testing is conducted according to CUSO Risk Testing and Monitoring Policy Assess the test of design and operational effectiveness of these controls and record results Work closely with control owners and other stakeholders to agree on control testing outcomes Assist control owners and stakeholders to identify issues and remedial actions, where appropriate. Develop aggregated reporting of testing results for multiple levels of stakeholders Establish and maintain a repository of testing artifacts Additional Responsibilities NY ORM is consistently strengthening its risk framework to provide effective monitoring and meet industry best practices. As such, the team member will also: Assist in refining the testing methodology and provide suggestions on enhancements Salary Range: $150k-$175k #LI-DNI Experience Essential: 5-7 years' experience in financial services industry knows and understands Corporate Investment Banking (CIB) products and services Experience Desirable: 7 years of experience Education Essential: BA/BS degree Education Desirable: Preferably in Finance/Business