Description:
Transaction Banking Department Business Control Officer (BCO) is a business-aligned change agent and risk management individual contributor. The BCO provides the Business Unit with guidance on processes and control design, ensures effective assessment of risk across the transaction lifecycle, and supports Business Unit interaction with 2nd LoD functions including Risk Management and Compliance.
Role Objectives
- Leads and provides expert guidance on assessment of processes and controls across the end-to-end transaction lifecycle, proactively assessing threats, vulnerabilities, and possibility of future incidents.
- Performs process re-engineering to improve efficiency and strengthen controls within TRBD business, which covers product management, sales, client service, implementation, administration in Cash Management area.
- Coordinates TRBD interactions with 2nd Line of Defense functions, Internal Audit, and Regulators pertaining to processes and controls.
- Coordinates management of risk appetite, limits and guideline setting & issue management for TRBD business.
- Performs risk management framework and related risk assessements of TRBD, supporting the managements of TRBD.
- Support 1st LoD via performance of issue management & root cause analysis.
- Liaises between TRBD and control functions to execute on 2nd Line of Defense risk assessments (e.g., RCSAs), as required.
- Ensures the business unit is operating in compliance with applicable laws, rules, and regulations, provides oversight of processes designed to comply with the aformentioned requirements.
- Provides education for TRBD staff to ensure awareness of and adherence to policies, standards, and procedures, disseminating best-practice guidance.
- Oversee 1st LoD activities and assist specialized domain SMEs (e.g., IT Risk, Data Governance) in the implementation of their programs within TRBD business.
- Assess business-unit level key metrics to ensure operational effectiveness, establish and manage TRBD level metrics, supporting the Coverage and Capital Markets Vertical BCO's vertical level assessment.
- Supports the head of TRBD strategy and product development (incl. new product development) through identification of risk & control considerations, as well as definition & operationalization of risk mitigants.
- Ensure that risk management considerations are embedded in TRBD processes and strategy.
Qualifications And Skills
- Work Experience:5 to 7 years of experience in a similar role in a Cash Management area or a closely related area at a major global financial institution.
- Education: BA/BS Required. MA/MS/MBA is prefered.
- Language Skills:Business level fluency in English. With the bulk of our customers having Japanese Corporate background, a good understanding of Japanese Language would be Strongly Preferred.
- Software, Systems:Microsoft office - Word, Excel, Power Point