Explore a career at the intersection of risk management and business strategy with In-Business Controls Vice President jobs. This senior-level role is a critical component within the financial services industry, acting as the First Line of Defense to proactively manage operational risk, ensure regulatory compliance, and fortify the internal control environment. Professionals in this field are embedded within business units, providing them with a unique vantage point to understand operational intricacies while upholding the highest standards of control and governance. They serve as the essential link between business objectives and risk mitigation, ensuring that growth and innovation are pursued within a robust and secure framework. A Vice President of In-Business Controls typically shoulders a wide array of responsibilities centered on safeguarding the organization. A core function involves executing comprehensive risk and control assessments. This includes identifying, measuring, and managing key operational and compliance risks, evaluating the design and effectiveness of existing controls, and pinpointing emerging threats. These professionals are instrumental in managing the end-to-end lifecycle of control issues, from initial identification and root cause analysis to designing strategic remediation plans, overseeing their implementation, and validating their effectiveness to prevent recurrence. They are also responsible for maintaining and enhancing the firm's control framework, often through tools like a Manager's Control Assessment (MCA), which involves documenting processes, setting key risk indicators (KRIs), and ensuring continuous monitoring. Collaboration is a cornerstone of this profession. In-Business Controls VPs interact extensively with business management, front-office teams, and second-line functions such as Operational Risk Management (ORM), Compliance, and Internal Audit. They provide critical insights and deliverables, ensuring alignment with firm-wide policies and regulatory requirements. Furthermore, they often act as the primary point of contact during internal and external audits, coordinating responses, facilitating walkthroughs, and ensuring timely resolution of findings. Their role also encompasses significant governance duties, including preparing management reports on the control environment, presenting metrics to senior leadership, and participating in or overseeing key control committees. The typical profile for these jobs requires a substantial background in the financial sector. Candidates generally possess 6 to 10 years of experience in operational risk management, compliance, audit, or other control-related functions. A deep understanding of financial products, services, and the associated regulatory landscape is paramount. Essential skills include superior analytical and problem-solving abilities to dissect complex processes, coupled with exceptional verbal and written communication skills to articulate risks and solutions effectively to senior management. Strong organizational prowess is necessary to manage multiple priorities, from audit engagements to strategic control enhancement projects. A bachelor's degree in finance, business, or a related field is typically a minimum requirement, with advanced degrees or professional certifications (such as in risk or audit) being highly advantageous. If you are a strategic thinker with a passion for building resilient and compliant business operations, exploring In-Business Controls Vice President jobs could be the next pivotal step in your career.
