Operational Risk Manager - Seattle, WA

  We've had a hand in helping build communities for over 100 years. We're listed on Fortune's "100 Best Companies to Work For" in 2006. It pays to work at WaMu. We've added even more benefits to our generous package.Learn more at wamu.com/careers Operational Risk Manager - Seattle, WA At WaMu, our core values inspire and guide our talented team as they help us write our extraordinary ongoing success story.  We believe that a diverse group of talented, committed individuals—working as a team—can make a real difference. We celebrate our successes, learn from our failures, and keep our egos in check. We also manage to keep a sense of humor along the way.  So if you’re ready for WaMu, read on! Under general direction of the Senior Risk Manager, this position will be responsible for planning, organizing, and managing the daily operations of moderate to complex risk functions.  Incumbent is responsible for working with corporate and business lines at Washington Mutual. Team members typically have various levels of experience/expertise and may come from different business cultures.  Works directly with executive, senior and department  management to effectively manage operational risk across the Enterprise and promote an organization culture that encourages acknowledgment and recognition of operational risks and places a high priority on risk management. May directly manage Senior Risk Consultants and/or Senior/Analysts as assigned. Essential functions performed:• Play a primary role in the development and maintenance of the operational risk management policy and standards including the operational risk management framework and risk measurement methodology.• Serve as the primary point of contact with business unit management regarding risk documentation, evaluation, and management control processes, as assigned.  Includes facilitating with the business lines the gathering and analyzing of operational loss data, the completion of risk & control self assessments, and the development of a key risk indicators.• Ensure consistency of operational risk measurement across the enterprise.• Ensure compliance with Basel II and Advanced Measurement Approaches (AMA) requirements.• Develop Economic Capital Sub-Segment allocation methodology.• May direct staff through risk and control analysis projects, and the identification of process improvements and cost savings/revenue enhancing opportunities.• May direct staff on the follow up with business unit management on the status of risk and control issues and recommendations.• Facilitate operational risk working group sessions by sharing “best practices” and current risk issues.• Prepare input for periodic risk reporting to Senior Management and the Board of Directors. • Contributes to and accepts team decisions, resolves conflicts appropriately, validates the contributions of other team members and fosters an atmosphere of trust.• Work effectively with various business units anticipate and see potential risks from a company-wide, rather than individual sector perspective.  Coaches as a business partner in vesting “management of risk” in the business.• Manage, monitor, and budget for assigned areas, may manage staff development staff performance and staff salary decisions. The focus for this team centers around working with Retail’s business units to manage Operational Risk.  In addition to the job functions listed above, this team also develops and leads a wide array of ad-hoc projects that vary depending on the current company, segment, and management goals as well as the current market and industry risks.  We are constantly on the front-line of company, segment and regulatory changes affecting RBWI, which keeps us fully informed of the inner-workings of the Bank.  • Minimum 8+ years prior work experience, including three years at a manager level, in risk management or related fields including public accounting, internal audit, data security, business continuity planning, financial analysis, or compliance roles in the financial services, insurance, or retail business sectors.• An undergraduate or graduate school degree, including major course work in accounting, finance, business information systems, statistics and economics, or any combination of education and/or experience that would demonstrate the capability to perform the duties of the position.• Possession of, or willingness to pursue, professional certification (e.g., CPA, CIA, Certified Risk Professional, Financial Risk Manager).• Advanced knowledge of principles and practices of accounting and financial analysis.  • Advanced knowledge of financial services industry practices and regulatory requirements, including lending, deposit, treasury, and support operations. • Strong analytical skills including the ability to probe sensitive issues while maintaining the highest level of integrity and objectivity. • Thorough knowledge of  regulatory requirements including Sarbanes Oxley, Basel II, and bank specific regulations. • Proficient in understanding key control concepts, operations, and risks impacting assigned areas. • Advanced knowledge of the principles and practices of employee management and evaluation.• Understanding of accounting controls, especially as they relate to multi-system interactions.• Strong communication skills, ability to work well with people of varying abilities and backgrounds.• Strong written and oral communication and negotiation skills.• Ability to work independently and as a team to solve problems efficiently, effectively, and on-time.• Proven record of strong attention to detail and accuracy.  • Demonstrated ability to organize and prioritize multiple tasks; work in a dynamic, fast-paced environment and to adapt to change.