Operational Risk Analyst

Location Type: On-site

 

About Daiwa Capital Markets America Inc.:

Incorporated in 1964, Daiwa Capital Markets America Inc. (“DCMA”) is a New York-based registered securities broker-dealer, a futures commission merchant, a primary dealer of U.S. Treasury securities, and a member of the New York Stock Exchange and other major U.S. exchanges. Our main focus is on the sales and trading of Japanese, Asian, and U.S. equities, fixed income instruments, financial futures, and investment banking for institutional customers. DCMA’s ultimate parent company is Daiwa Securities Group Inc., one of the largest brokerage and financial services groups in Japan.

Position Summary:

Daiwa Capital Markets America is seeking an Analyst with experience of Operational Risk and/or Third Party Risk Management (“TPRM”) to join our Operational Risk Management (“ORM”) team. The ORM team is responsible for both the ORM and TPRM programs, working to execute robust risk management processes across the firm. The work environment is dynamic and focused on continuous program improvement, automation and integration with the other risk stripes and related programs.

The role entails working closely with ORM team members and collaborating cross-functionally with stakeholders to implement and deliver all components of the framework. In addition, you will directly contribute to risk related initiatives including new operational risk initiatives, incident response, RCSA, Key Risk Indicators (KRIs), eGRC system integration and risk reporting.

The role involves interaction with management across the firm and involvement in a range of projects that provides for a challenging and multi-faceted work environment.

Core Responsibilities:

• Assist with ongoing development, rollout and maintenance of the Operational Risk and TPRM Programs.
• Perform third party risk assessment during onboarding and for periodic reviews.
• Work with the first line of the defense (1LoD) to develop KRIs, and monitoring for elevated risks.
• Assist the 1LoD with operational incident reporting, conducting incident root cause analysis and reporting to management.
• Assist business managers to perform Risk and Control Self-Assessments and reviewing the responses.
• Maintain strong relationships with business management and providing risk training.
• Develop risk reporting and dashboards to meet the needs of business management and ORM.
• Identify and document potential risks associated with the operational processes across the firm including trading and operations.

Qualifications:

• Bachelor’s degree, preferably in a business-related subject.
• 5+ years of experience in operational risk and/or third party risk management.
• Risk management certification preferred (e.g. CRISC).
• Hands on experience of Operational Risk processes (e.g. RCSA, KRI, Incident/Issues Management, Scenario Analysis, and risk reporting).
• Financial services industry experience, preferably in the broker/dealer or banking sectors.
• Strong organizational, documentation, analytical, presentation, and communication skills (written and verbal).
• Strong analytical approach and a focus on bringing new ideas to increase efficiency/ automation.
• Experience using and administering eGRC systems.

Company Culture and Benefits:

Daiwa Capital Markets America Inc. has a vibrant company culture made up of a diverse team of professionals. We seek to foster an atmosphere in which our employees understand, respect, and inspire each other. We will continue to build a culture that encourages everyone at DCMA to take pride in their work. How we work – individually, with each other, and with our communities – is just as important as what we do and shapes who we are as an organization.

Our people are our most important asset, and as a result, we offer a competitive and robust total rewards package which includes, but is not limited to:

• Competitive Benefits Package (Medical, Dental and Vision)
• Ancillary Insurance (Basic Life Insurance, AD&D Insurance, and Short & Long-term Disability)
• Flexible Spending and Health Savings Accounts (FSA and HSA)
• Employee Assistance Program (EAP)
• Comprehensive health and wellness benefits
• Parental Leave
• Family building benefits
• 401(k) with company match
• Paid Time Off and holidays
• Professional development, educational assistance and training programs
• Community Engagement Programs

DCMA has a hybrid work program in place, with opportunities for remote work depending on the nature of the role and needs of your department. This was implemented to provide operational efficiency while simultaneously giving employees flexibility. At a minimum, employees are expected to work in the office three days per week.

DCMA provides equal employment opportunities for all applicants and employees. We are committed to providing a work environment that is free of discrimination and harassment. DCMA prohibits discrimination based on race, color, religion, gender identity, national origin, sexual orientation, age, disability, military or veteran status, or other attributes protected under applicable federal, state, or local laws.