Operational Risk Analyst - Hybrid

Operational Risk Analyst - Hybrid - Office Location - D01 H7V7

 

Interactive Brokers has been at the forefront of Fintech for over 40 years. We continue to challenge the status quo and push boundaries to offer our clients the best trading platform with the most sophisticated features, all for the lowest cost. To achieve that, we seek to actively understand and prudently manage our firm-wide risk profile.

 

As part of our expanding Enterprise Risk Management organization, Interactive Brokers is seeking to recruit an Operational Risk Analyst based in Dublin (IBIE).

 

The role will support executing the operational risk management framework in the US and, as required, for all Group affiliates. Responsibilities include executing the Risk & Control Self-Assessment, event analysis and remediation, developing and monitoring Key Risk Indicators (KRIs), Scenario Analysis and monitoring the Firm's operational risk profile against its Risk Appetite.

 

Responsibilities

• Support the Head of Operational Risk and CRO in executing all aspects of the Operational Risk Management Framework across all Group entities.
• Partner with business risk owners to execute the RCSA program, ensuring results are documented appropriately, actionable and defensible to third-party review.
• Conduct targeted risk assessments on areas of highest residual risk to identify opportunities for control enhancement and risk mitigation.
• Conduct the operational risk assessment for new third-party vendors, assess SOC1 reports and provide ongoing monitoring and support to business owners of vendor relationships as required.
• Map operational processes in complex parts of the business, overlay controls and work with process owners to identify enhancements and efficiencies.
• Participate in firm-wide projects to identify, assess and manage operational risks related to delivering the IBKR business model.
• Build and monitor Key Risk Indicators, escalating changes to the risk profile to risk owners, including breaches of risk appetite limits, and identifying remedial strategies to bring exposures within tolerance.
• Conduct root cause analysis on events/incidents and agree on control enhancements with process owners.
• Analyze the operating model – risks and controls – at the request of the Head of Operational Risk or the Chief Risk Officer.
• Support the Head of Operational Risk by building out committee reporting to inform and enhance management's decision-making.
• Execute ad-hoc activities, including but not limited to maintaining associated data for reporting and assisting with managing the Enterprise Risk Management site.

 

Qualifications

• 2+ years in Operational Risk or related function (first-line control, audit) in financial services.
• Working knowledge of operational risk management frameworks, as well as practical experience executing risk and control assessments.
• Knowledge of OR industry best practices and regulatory standards – forward-thinking approach to applying risk standards.
• Highly diligent, results-driven, and hard-working, with the ability to execute risk assessments to a high degree of quality; professionally skeptical.
• Strong interpersonal skills, excellent work ethic, highly credible and influential presenter (verbal and written), strong communicator and influencer, and team player.
• Superior analytical abilities and decision-making skills; ability to exercise independent judgment.
• Demonstrate strong ability to write clearly and concisely.
• Working knowledge of US and European regulations regarding Operational Risk and industry practices for global brokers or other financial services companies is a plus.
• Strong MS Office skills, including data management and analysis.
• A bachelor's degree is required; an advanced education degree is preferred.

 

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Last updated on Aug 20, 2024