Axelon Services Corporation
Risk & Controls Business Analyst
Axelon Services Corporation, Buffalo, New York, United States, 14266
Global Financial Firm located in Buffalo, NY has an immediate contract opportunity for an experienced Risk & Controls Business Analyst. This role is currently on a Hybrid Schedule. You will need to have reliable internet, computer and android or iPhone for remote access into the client systems during remote work. We will be expected in the office weekly 2-3 days depending on the team requirement. Video/f2f interviews are required prior to all offers. Pay rate range: $80.00 - $83.00 Negotiable based upon years of experience.
Issues Management BA/PM The Control Solutions & Risk Remediation Team supports broad Cross Operational Issue Management resolution stemming from both Internal Client self-identified, Internal Audit and Regulatory driven initiatives. We construct, uplift and deliver appropriate control frameworks and risk driven solutions to ensure the safety and soundness of our Operational environment. This role is within the Issue management resolution space and concentrates on Issues tied to Payments and Movement of Funds related programs of work. The role will work closely with the senior Risk & Controls, Program Execution and Payments Strategy leads and requires close interaction with global Markets Operations teams, Technology and interaction with our second- and third-line partners.
Responsibilities
Risk & Controls Business Analyst support for global payments & movement of funds related projects, focusing on identification & documentation of payments/ movement of funds activities.
Identify in scope applications for payment/ movement of funds activities, evaluate control environment & determine risk-based prioritisation for any ensuing uplift requirements / opportunities.
Determine impact and updates required in relation to SOX and MCA (Manager Control Assessment) activities.
Perform root cause analysis of payment related Operational Risk Events and how these will be resolved through identified solutions, identifying any gaps requiring further solutioning.
Support Ops SME’s in determining key business requirements for identification of payments/ movement of funds flows. Identifying and documenting key data elements within processing systems to enable rules-based controls to be set for management of large and anomalous payments.
Day-to-day management of individual project responsibilities including milestone setting, task and actions management, co-ordination, and execution of plan within required timelines and to stakeholder quality expectations.
Support and manage business ad-hoc queries and requirements.
Foster and maintain relationships with business and technology stakeholders and support engagement in working groups, steercos, and workshops where required.
Identify key project risks, whether stated or not, and manage to resolution or elevate accordingly.
Can exercise independence of judgement and autonomy and can operate with a limited level of direct supervision.
Requires attention to detail when making judgments and recommendations based on the analysis of factual information.
Appropriately assess risk when business decisions are made, demonstrating consideration for the firm's reputation and safeguarding, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Qualifications / Skills
6-10 years’ experience.
Track record as a Risk focused Business Analyst/ Program manager within the Financial Services/Investment Banking industry.
Knowledge of Markets Operations businesses/ functions is required. Knowledge & understanding of payments/ movement of funds workflows and controls beneficial.
Ability to work independently, multi-task, have great attention to detail and take ownership of various parts of a project or initiative.
Able to lead conference calls and produce meeting agendas, materials, and minutes.
Must be extremely organized, motivated and a self-starter.
Ability to prioritize and multi-task is key.
Excellent analytical and problem-solving skills and ability to clearly document findings and put together proposals for solutions.
Excellent Excel, PowerPoint and process mapping skillsets required.
Ability to work in fast paced environment under tight contractual deadlines.
Excellent communication and stakeholder management skills, with the ability to communicate to a range of audiences and facilitate discussions.
Willingness to ask questions, challenge the process and seek out answers.
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Issues Management BA/PM The Control Solutions & Risk Remediation Team supports broad Cross Operational Issue Management resolution stemming from both Internal Client self-identified, Internal Audit and Regulatory driven initiatives. We construct, uplift and deliver appropriate control frameworks and risk driven solutions to ensure the safety and soundness of our Operational environment. This role is within the Issue management resolution space and concentrates on Issues tied to Payments and Movement of Funds related programs of work. The role will work closely with the senior Risk & Controls, Program Execution and Payments Strategy leads and requires close interaction with global Markets Operations teams, Technology and interaction with our second- and third-line partners.
Responsibilities
Risk & Controls Business Analyst support for global payments & movement of funds related projects, focusing on identification & documentation of payments/ movement of funds activities.
Identify in scope applications for payment/ movement of funds activities, evaluate control environment & determine risk-based prioritisation for any ensuing uplift requirements / opportunities.
Determine impact and updates required in relation to SOX and MCA (Manager Control Assessment) activities.
Perform root cause analysis of payment related Operational Risk Events and how these will be resolved through identified solutions, identifying any gaps requiring further solutioning.
Support Ops SME’s in determining key business requirements for identification of payments/ movement of funds flows. Identifying and documenting key data elements within processing systems to enable rules-based controls to be set for management of large and anomalous payments.
Day-to-day management of individual project responsibilities including milestone setting, task and actions management, co-ordination, and execution of plan within required timelines and to stakeholder quality expectations.
Support and manage business ad-hoc queries and requirements.
Foster and maintain relationships with business and technology stakeholders and support engagement in working groups, steercos, and workshops where required.
Identify key project risks, whether stated or not, and manage to resolution or elevate accordingly.
Can exercise independence of judgement and autonomy and can operate with a limited level of direct supervision.
Requires attention to detail when making judgments and recommendations based on the analysis of factual information.
Appropriately assess risk when business decisions are made, demonstrating consideration for the firm's reputation and safeguarding, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Qualifications / Skills
6-10 years’ experience.
Track record as a Risk focused Business Analyst/ Program manager within the Financial Services/Investment Banking industry.
Knowledge of Markets Operations businesses/ functions is required. Knowledge & understanding of payments/ movement of funds workflows and controls beneficial.
Ability to work independently, multi-task, have great attention to detail and take ownership of various parts of a project or initiative.
Able to lead conference calls and produce meeting agendas, materials, and minutes.
Must be extremely organized, motivated and a self-starter.
Ability to prioritize and multi-task is key.
Excellent analytical and problem-solving skills and ability to clearly document findings and put together proposals for solutions.
Excellent Excel, PowerPoint and process mapping skillsets required.
Ability to work in fast paced environment under tight contractual deadlines.
Excellent communication and stakeholder management skills, with the ability to communicate to a range of audiences and facilitate discussions.
Willingness to ask questions, challenge the process and seek out answers.
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