Risk Assurance and Testing Oversight Officer - Chief Risk Office

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New York, NY

Posted Jul 1, 2024 - Requisition No. 126270

The energy of a newsroom, the pace of a trading floor, the buzz of a recent tech breakthrough; we work hard, and we work fast - while keeping up the quality and accuracy we're known for. It's what keeps us inventing and reinventing, all the time. Our culture is wide open, just like our spaces. We bring out the best in each other through collaboration. Through our countless volunteer projects, we also help network with the communities around us, too. You can do amazing work here. Work you couldn't do anywhere else. It's up to you to make it happen.

What’s the role?

Bloomberg’s Risk and Compliance Departments play a critical role in supporting our businesses and operations around the world. We move quickly and thoughtfully to help address a variety of complex issues that come with being the world’s leading financial news and information company. Our team is made up of talented and hardworking professionals who think creatively and work collaboratively in an open environment to deliver results, drive innovation, and solve difficult problems. We also recognize the value of diversity and inclusion and the importance of giving back to our communities as evidenced by our award-winning pro bono program.

The Chief Risk Office and Global Compliance team provide coverage of Bloomberg's regulated entities and products, including support for Bloomberg's non-regulated products and services. We work to address regulatory and operational issues, ensure compliance with current/developing rules and regulations, and correspond with regulators. We are currently looking for an experienced person to work with our Risk and Compliance Shared Services team.

As a Risk Assurance Officer on our Risk and Compliance Shared Services team, you will work with Risk colleagues, as well as key Legal, Compliance, and Business partners, in implementing and executing on risk assurance activities as part of our Risk Management Program. The role includes enhancing our risk assurance standards and executing testing activities, including Prioritization, Annual Planning, Development of Testing Scope, Testing of Controls, and Reporting of Testing Results. Responsibilities include managing and tracking of control issues identified. You and the Risk Assurance team will be responsible for centralizing, enhancing and globalizing these disciplines and providing oversight on assurance activities carried out by localized or domain-specific teams. 

We’ll trust you to:

  • Support the Global Head of Risk and Compliance Shared Services, the global Chief Compliance Officer, and the global Chief Risk Officer, and Bloomberg’s business by:
  • Being a global thought-leader and team player on the subject of Risk Assurance
  • Enhancing standards and risk management best practices around Risk Assurance and Controls Testing
  • Collaborating on relevant Risk Assessments with Risk colleagues to drive a best-in-class risk management program
  • Coordinating or conducting relevant risk monitoring and testing routines on a risk-focused basis
  • Presenting directly to senior management on the results of the above efforts
  • Managing ad hoc assignments as directed by the Global Head of Risk Assurance and Testing Oversight

You’ll need to have:

  • Minimum 7+ years of experience in Compliance, Legal, Audit and/or Risk Management, with experience in regulated financial institutions or technologies companies
  • Expertise in risk assurance and testing and associated control remediation 
  • Understanding of regulatory and operational risk management, internal controls, and root cause analysis
  • Strong verbal and written communication skills.
  • Ability to work in a dynamic environment, building and maintaining a network of contacts, and coordinating with several partners across our company
  • Enthusiastic, self-motivated, and effective under pressure
  • The ability to work creatively and efficiently, to assist with building a program that’s deeply practical, risk-focused, and conscious of business and control partners’ needs
  • Strong team player skills in order to guide organizational change and collaborate with key partners across various levels

We’d love to see:

  • Experience with information security, technology risk, and operational resilience
  • Knowledge of compliance and regulatory risks including but not limited to financial crime, regulatory reporting, conflicts management and data privacy 
  • Demonstrable examples of leading SOC programs
  • Design and implementation of key control indicators experience 
  • Use of QSEN or other dashboards to monitor risk and controls
  • Familiarity with financial markets and products including electronic trading platform and operations

Does this sound like you?

Apply if you think we're a good match. We'll get in touch to let you know that the next steps are, but in the meantime feel free to have a look at: https://www.bloomberg.com/company/what-we-do/

Bloomberg is an equal opportunity employer and we value diversity at our company. We do not discriminate on the basis of age, ancestry, color, gender identity or expression, genetic predisposition or carrier status, marital status, national or ethnic origin, race, religion or belief, sex, sexual orientation, sexual and other reproductive health decisions, parental or caring status, physical or mental disability, pregnancy or maternity/parental leave, protected veteran status, status as a victim of domestic violence, or any other classification protected by applicable law.

Bloomberg provides reasonable adjustment/accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable adjustment/accommodation to apply for a job or to perform your job. Examples of reasonable adjustment/accommodation include but are not limited to making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment. If you would prefer to discuss this confidentially, please email AMER_recruit@bloomberg.net (mailto:AMER_recruit@bloomberg.net) (Americas), EMEA_recruit@bloomberg.net (mailto:EMEA_recruit@bloomberg.net) (Europe, the Middle East and Africa), or APAC_recruit@bloomberg.net (mailto:APAC_recruit@bloomberg.net) (Asia-Pacific), based on the region you are submitting an application for.

Salary Range: 130,000 - 180,000 USD Annually + Benefits + Bonus

The referenced salary range is based on the Company's good faith belief at the time of posting. Actual compensation may vary based on factors such as geographic location, work experience, market conditions, education/training and skill level.

We offer one of the most comprehensive and generous benefits plans available and offer a range of total rewards that may include merit increases, incentive compensation [Exempt roles only], paid holidays, paid time off, medical, dental, vision, short and long term disability benefits, 401(k) +match, life insurance, and various wellness programs, among others. The Company does not provide benefits directly to contingent workers/contractors and interns.

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