Business Risk Manager, Community Reinvestment Act Program
Apply NowCompany: UBS
Location: Weehawken, NJ 07086
Description:
Your role
Key competencies and responsibilities:
lead the RCSA (Risk Control Self Assessment) assigned non-financial risk Taxonomies
maintain process hierarchies for the assigned business or unit(s)
champion risk management in partnership with the Business Areas and in particular Community Reinvestment Act (CRA) Team
lead risk management interaction with key business partners (Credit, Compliance, Legal, Finance, Risk, etc.) and internal auditors/external examiners
monitor and report on the overall compliance and operational risk portfolio related to the CRA Program
actively support risk-related committees (ie, Operating Effectiveness, Operating Risk, Enterprise Risk)
prepare 1 LOD monthly report on the status of the CRA risk framework
design 1st LoD testing plan to evidence compliance with regulations and evidence that controls are working as intended
partner with 1 LOD quality assurance and quality control team on CRA testing
manage and complete CRA related Business Risk and Control Assessments and partnering with cross function teams (product, 2nd lod, finance, ops, etc.) to incorporate comprehensive analysis of the assessment(s)
track, report and coordinate closure of identified issues
assist and lead issue resolution/remediation across functions (as pertain to this product area)
enhance the Community Reinvestment Act (CRA) Business Risk Framework for all types of Risk
Join us
At UBS, we embrace flexible ways of working when the role permits. We offer different working arrangements like part-time, job-sharing and hybrid (office and home) working. Our purpose-led culture and global infrastructure help us connect, collaborate, and work together in agile ways to meet all our business needs.
From gaining new experiences in different roles to acquiring fresh knowledge and skills, we know that great work is never done alone. We know that it's our people, with their unique backgrounds, skills, experience levels and interests, who drive our ongoing success. Together we're more than ourselves. Ready to be part of #teamUBS and make an impact?
Disclaimer / Policy statements
UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.
Your team
You'll be working as part of the Business Risk Management Team in the home office, reporting to the Head of 1st LOD Risk and Compliance. The Business Risk Management Team is responsible for managing all business risk (first line of defense) in partnership with multiple Control areas (second line of defense).
Your expertise
You have:
at least 5-10 years of experience within banking business risk management
background in Community Renvestment Act program knowledge is not required but would be a huge advantage
excellent written and verbal communication skills
strong negotiation and influence skills
proven track record of delivering results and meeting targets
track record of successfully supporting business users with reporting & analytics, decision support, and presentation support
the ability to interact with all levels of management, multi-task and work well under pressure
a clean regulatory track record
understanding of regulatory environment
You are:
analytical, consultative and investigative skills and an independent, driven approach
organized, analytical and able to readily interpret data, including legal and compliance-related materials
self-confident, have strong judgment and evidence of sound decision-making and problem-solving skills
comfortable collaborating with diverse constituencies
proficient in MS Excel, Word, PowerPoint and Outlook
About us
UBS is the world's largest and the only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors..
We have a presence in all major financial centers in more than 50 countries.
Your Career Comeback
We are open to applications from career returners. Find out more about our program on ubs.com/careercomeback.
Key competencies and responsibilities:
lead the RCSA (Risk Control Self Assessment) assigned non-financial risk Taxonomies
maintain process hierarchies for the assigned business or unit(s)
champion risk management in partnership with the Business Areas and in particular Community Reinvestment Act (CRA) Team
lead risk management interaction with key business partners (Credit, Compliance, Legal, Finance, Risk, etc.) and internal auditors/external examiners
monitor and report on the overall compliance and operational risk portfolio related to the CRA Program
actively support risk-related committees (ie, Operating Effectiveness, Operating Risk, Enterprise Risk)
prepare 1 LOD monthly report on the status of the CRA risk framework
design 1st LoD testing plan to evidence compliance with regulations and evidence that controls are working as intended
partner with 1 LOD quality assurance and quality control team on CRA testing
manage and complete CRA related Business Risk and Control Assessments and partnering with cross function teams (product, 2nd lod, finance, ops, etc.) to incorporate comprehensive analysis of the assessment(s)
track, report and coordinate closure of identified issues
assist and lead issue resolution/remediation across functions (as pertain to this product area)
enhance the Community Reinvestment Act (CRA) Business Risk Framework for all types of Risk
Join us
At UBS, we embrace flexible ways of working when the role permits. We offer different working arrangements like part-time, job-sharing and hybrid (office and home) working. Our purpose-led culture and global infrastructure help us connect, collaborate, and work together in agile ways to meet all our business needs.
From gaining new experiences in different roles to acquiring fresh knowledge and skills, we know that great work is never done alone. We know that it's our people, with their unique backgrounds, skills, experience levels and interests, who drive our ongoing success. Together we're more than ourselves. Ready to be part of #teamUBS and make an impact?
Disclaimer / Policy statements
UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.
Your team
You'll be working as part of the Business Risk Management Team in the home office, reporting to the Head of 1st LOD Risk and Compliance. The Business Risk Management Team is responsible for managing all business risk (first line of defense) in partnership with multiple Control areas (second line of defense).
Your expertise
You have:
at least 5-10 years of experience within banking business risk management
background in Community Renvestment Act program knowledge is not required but would be a huge advantage
excellent written and verbal communication skills
strong negotiation and influence skills
proven track record of delivering results and meeting targets
track record of successfully supporting business users with reporting & analytics, decision support, and presentation support
the ability to interact with all levels of management, multi-task and work well under pressure
a clean regulatory track record
understanding of regulatory environment
You are:
analytical, consultative and investigative skills and an independent, driven approach
organized, analytical and able to readily interpret data, including legal and compliance-related materials
self-confident, have strong judgment and evidence of sound decision-making and problem-solving skills
comfortable collaborating with diverse constituencies
proficient in MS Excel, Word, PowerPoint and Outlook
About us
UBS is the world's largest and the only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors..
We have a presence in all major financial centers in more than 50 countries.
Your Career Comeback
We are open to applications from career returners. Find out more about our program on ubs.com/careercomeback.