Operational Risk Manager

Dinsmore is seeking an Operational Risk Manager at its Cincinnati, OH location. The Operational Risk Manager is responsible for assisting in designing, implementing and maintaining processes, policies and controls to ensure the Firm is compliant with regulatory, contractual and business requirements for operational risk considerations. Responsibilities include investigation of existing processes and work flows to identify areas of the business where process improvement can be applied to reduce risk and help the business meet intended goals, as well as managing programs designed to reduce risk.

Responsibilities

• Participate in ongoing development, documentation and maintenance as well as execution of day-to-day Vendor Risk Management Program activities
• Administer the Vendor Risk Management roadmap, and execute and assign deliverables to complete roadmap items
• Support lifecycle management of vendor relationships and projects including processes for vendor onboarding, identification, vendor risk assessments, contract review and execution, account & performance management, risk treatment, and termination
• Communicate Vendor Management program requirements internally and to third-parties, train Firm members on requirements for engaging and onboarding new vendors and executing controls for existing engagements
• Complete a baseline review process of due diligence documentation from third-parties and ensure escalation of potential issues as they arise
• Execute process mapping to identify significant operational risks and controls
• Maintain ongoing understanding and purview of regulatory and contractual requirements to ensure current processes meet those expectations and, where they do not, lead remediation efforts to ensure compliance
• Participate in the maintenance of the firm Risk Register
• Work together with other organizational business units in holistically addressing firm risk goals
• Maintain existing Governance Risk and Compliance tools and provide recommendations for technological solutions to manage compliance and reduce risk
• Participate in internal and external compliance reviews and requests for mutually approved artifacts
• Create and monitor standardized internal processes to ensure processes are consistent with overall operational risk management goals
• Participate in education efforts of Firm employees regarding firm processes and governance established to address operational risks
• Participate in Privacy Programming initiatives
• Execute defined audit and compliance activities that address privacy and risk
• Advise firm of current industry trends and operational risk threats
• Maintain working knowledge of various compliance needs and changes in various industries
• Propose and lead improvements based on knowledge and practical application of industry best practices, including but not limited to risk assessments, compliance, and monitoring tools and programs
• Perform other duties as assigned

Requirements

• Aptitude for establishing and successfully socializing new programs and initiatives
• Passion for learning and growth
• Ability to build effective working relationships to promote cooperation and inspire confidence to meet goals and achieve deliverables
• High degree of initiative and dependability
• Strong analytical thinking and problem-solving skills
• Proven record of executing projects and providing necessary follow-through
• Ability to set goals and prioritize tasks
• High attention to detail with strong planning, project management and organizational skills
• Desire to explore, learn and apply new technologies independently and provide subject matter expertise in all areas of responsibility
• Strong verbal and written communication skills
• A bachelor’s degree or equivalent
• Must possess solid understanding of process, risk and governance
• Legal or law firm background a plus
• Experience with ISO 27001 framework a plus
• Process development and/or auditing background preferred
• Working knowledge of various regulatory compliance standards
• Privacy regulation knowledge
• Experience with Vendor Risk Management programs

Equal Opportunity Employer