I'm pretty sure this position is for the boring kind of risk management, but would anyone have any advice for my Monday interview? Thanks;
RISK MANAGEMENT DEPARTMENT
The Risk Management Department is responsible for the following activities:
Audit and Monitoring of Operations processing to ensure compliance with internal controls, departmental policies and procedures, and Written Supervisory Procedures
Audit and Monitoring of Information Technology to ensure compliance with regulatory guidelines and industry best practices with respect to protecting the privacy of personal client and corporate information.
Audit and Monitoring of all 1st Global employees to ensure adherence to proper protocols to mitigate regulatory, technology, and over time, financial risks
Creation of internal controls to mitigate existing and emerging risks
Recommendations to Compliance and Regulatory Principals regarding best practices for mitigating regulatory, technology and over time, financial risks as they relate to the supervision of registered representatives.
Performance or coordination of annual CEO Certification
Note that this organization audits home office staff, including their actions and results. This organization does not audit registered representative activities, but makes recommendations to Compliance and Regulatory Principals regarding registered representative audit and oversight.
MISSION AND SUMMARY OF POSITION The Risk Management Analyst is primarily responsible for performing audits of Operations processing to ensure adherence to internal controls. The Risk Management Analyst is secondarily responsible for developing new internal controls as needed to mitigate operational risk. The Risk Management Analyst is expected to act with authority in communicating the need for Risk Management, including the mission and purpose of the department, the departmental benefit to complete participation, and the individual benefit of increasing compliance and risk management knowledge. In other words, the Risk Management Analyst is expected to be a champion of their organization. The Risk Management Analyst will work with the IT Security Analyst to develop coordinated plans for audit that involve the integration of technology risk with operational and regulatory risk. The Risk Management Analyst is expected to lead committees and work groups as necessary to review audit results, understand operational process changes and increase departmental participation in Risk Management, most specifically front line supervisory staff. KEY JOB FUNCTIONS
Execute departmental strategy at the direction of the Director, Risk Management.
Specifically audit the trading activities of the Capital Markets organization, including their review of audit reports and registered representative supervision.
Execute departmental objectives by directing the actions of Operations, Information Technology, Compliance, Regulatory Principals, and other departments as necessary.
Communicate departmental strategic and tactical objectives with staff, peers, management and executive officers.
Regularly communicate results to staff, peers, management and executive officers.
At the direction of the Director, Risk Management, work with departmental supervisors to implement internal controls.
Deliver training to Operations, Information Technology, Compliance, Regulatory Principals and other departments with the assistance of Staff Learning & Development Organization.
Create internal controls.
Develop committees and workgroups.
Perform audits of business.
QUALIFICATIONS
Securities licensing, generally 7, 24, 66 or equivalent.
3 or more years experience in Regulatory Compliance or its equivalent.
Experience with Operations, Trading and Information Technology processes and concepts.
Familiarity with National Financial systems and processes. SKILLS Must be able to maintain the highest level of confidentiality. Excellent verbal and written communication skills required.
Demonstrated human influence skills and ability to lead the work of others.
Must have strong computer skills, including proficiency in Excel.
Detailed knowledge of FINRA and SEC regulation.
Detailed knowledge of trading systems and processes. Basic knowledge of DOL and IRS regulation.
