Understand the risk profile as assessed by the business, key risk & performance indicators, and other controls to identify negative trends and potential control gaps.Assist in the development and execution of a complex Operational Risk program to manage operational risk exposure in a dynamic and evolving area of the firm.To be successful in this role, you will require knowledge of operational risk and key risk management skills, along with an ability execute on a broad book of work including risk assessment and related monitoring and creation and oversight of operational risk testing requirements. The role is highly visible to senior management and offers the opportunity to work across JPMorgan Chase & Co. ORM professionals are expected to have a sound knowledge operational risk together with a good understanding of market structures and products, or technologies expertise. ORM professionals facilitate and monitor risk management practices identify, analyze, measure, and report on Risks and Issues and execute risked-based independent monitoring and deep dives and evaluate testing results of 1LOD risk management activities from an operational risk perspective. Operational Risk Management professionals independently assess and, as appropriate, provide credible challenge of 1st LOD risk management activities and escalate any new emerging risks or issues for a product, service, legal entity, and/or function. The ORM function supports the development and maintenance of a strong operational risk management culture by working closely with the Business, Technology, Legal, Risk, Controls, Compliance, and Audit functions to provide expertise on operational risk matters. We constantly monitor these systems and reengineer them to keep everything running as efficiently as possible.This position will be part of the CCB Operational Risk Management (ORM) organization that provides oversight for Consumer & Community Banking businesses and functions including: Auto Finance, Consumer & Business Banking, Card Services, Home Lending, Connected Commerce, Digital Services, Consumer Operations, and Support Functions (Finance, Marketing, Human Resources, etc.). Operations also aids in the design of the technology, the information flows and the processes that make it all work.
Operations does this for every transaction all around the world. Along the way, Operations looks for anything that could expose our clients or the firm to financial loss, penalty or other risks. And finally, Operations confirms that each trade is reported accurately to the buyer, the seller, the firm and the regulators. Next, we make sure that the trade is settled properly and on time. For example, if a company wants to buy a block of stock, Operations first ensures that the stock and payment are ready to be traded. We work to protect the accuracy and efficiency at every step of the trade. Operations is integrated within our businesses and delivers banking, sales and trading, and asset management capabilities to all our clients. For every trade agreed, every new product launched or market entered, every transaction completed, it is Operations that enables business to flow. Operations is at the core of Goldman Sachs.