Senior Principal Scenario Analysis and Operational Risk Event Management
At Discover Financial Services, we are seeking a highly experienced and motivated individual to join our team as a Senior Principal for Scenario Analysis and Operational Risk Event Management. This role is crucial in proactively identifying and managing potential risks and events that may impact our organization. As a key leader in our risk management department, you will have the opportunity to shape and enhance our risk management strategies and contribute to the long-term success of the company. We are looking for a dynamic and analytical individual with a strong background in risk management and a passion for driving innovation. If you are ready to take on a challenging and impactful role, we encourage you to apply for this exciting opportunity.
- Develop and implement effective scenario analysis and risk event management strategies to proactively anticipate and mitigate potential risks and events for the organization.
- Monitor and analyze industry trends, regulatory changes, and emerging risks to identify potential areas of concern for the company.
- Lead and mentor a team of risk management professionals to enhance their skills and knowledge in scenario analysis and operational risk event management.
- Collaborate with cross-functional teams to identify and assess risks associated with new business initiatives, products, and processes.
- Conduct thorough risk assessments and provide recommendations for risk mitigation and control measures.
- Develop and maintain strong relationships with key stakeholders to ensure effective communication and coordination in managing risks and events.
- Provide regular reports and updates on risk management activities to senior management and relevant committees.
- Continuously review and enhance risk management policies, procedures, and systems to align with industry best practices and regulatory requirements.
- Stay updated on industry trends and developments, and conduct benchmarking exercises to identify areas for improvement in risk management.
- Act as a subject matter expert on scenario analysis and operational risk event management, providing guidance and support to other departments as needed.
- Foster a culture of risk awareness and accountability within the organization through training, communication, and awareness initiatives.
- Represent the company in external forums and conferences related to risk management.
- Collaborate with internal audit and compliance teams to ensure alignment and consistency in managing risks and events.
- Drive innovation and continuous improvement in risk management processes and practices.
- Adhere to all company policies, procedures, and ethical standards.
Extensive Experience In Scenario Analysis: A Senior Principal In This Role Should Have At Least 10 Years Of Experience In Conducting Scenario Analysis And Developing Risk Mitigation Strategies. This Includes The Ability To Identify Potential Risks And Their Impact On The Organization, As Well As The Ability To Develop And Implement Plans To Mitigate Those Risks.
Strong Understanding Of Operational Risk Management: The Ideal Candidate Should Have A Deep Understanding Of Operational Risk Management Principles And Best Practices. This Includes Knowledge Of Frameworks Such As Coso And Iso 31000, As Well As Experience In Identifying, Assessing, And Monitoring Operational Risks.
Excellent Analytical Skills: The Role Of A Senior Principal In This Field Requires A High Level Of Analytical Ability. The Candidate Should Possess Strong Quantitative And Qualitative Analysis Skills, With The Ability To Gather And Analyze Data, And Draw Insights And Conclusions From Complex Information.
Leadership And Communication Skills: As A Senior Principal, The Candidate Will Be Expected To Lead And Manage A Team Of Risk Professionals. Therefore, Strong Leadership Skills Are Essential, Including The Ability To Motivate And Develop Team Members. Additionally, Effective Communication Skills Are Necessary To Convey Complex Risk Information To Various Stakeholders And Senior Management.
Industry Knowledge And Expertise: A Deep Understanding Of The Financial Services Industry, Particularly In The Areas Of Banking, Credit, And Payments, Is Crucial For This Role. The Candidate Should Also Be Knowledgeable About The Regulatory Landscape And Emerging Risks In The Industry, And How They May Impact The Organization.
Financial Analysis
Strategic Planning
Project Management
Data Analysis
Crisis Management
Team Leadership
Compliance Management
Risk assessment
Scenario Modeling
Decision-Making
Stakeholder Communication
Forecast
Communication
Conflict Resolution
Emotional Intelligence
Leadership
Time management
creativity
Attention to detail
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Senior Principal Scenario Analysis and Operational Risk Event Management in Riverwoods, IL 60015, USA is $160,000-$208,000 per year. This can vary depending on the specific company, years of experience, and other qualifications.
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Discover Financial Services, Inc. is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards. It also owns and operates the Discover and Pulse networks, and owns Diners Club International.
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