Explore a critical and in-demand career path with Operational Risk - Foundational and Capital / Stress Testing Data Officer jobs. This senior-level role sits at the crucial intersection of financial risk management, regulatory compliance, and data integrity. Professionals in this field are the guardians of the data that underpins a financial institution's understanding and management of its operational risk profile, particularly concerning capital adequacy and resilience under stress scenarios. Their work is fundamental to the stability and regulatory standing of the organization. A professional in this role is primarily responsible for the end-to-end governance of operational risk data. This involves defining the data requirements for foundational risk metrics, such as Loss Data, Key Risk Indicators (KRIs), and Scenario Analysis. They establish and enforce data quality standards, ensuring that the information flowing into risk models is accurate, complete, and consistent. A core function of their job is to oversee the data infrastructure that supports capital calculation models and internal stress testing exercises. They work to ensure that data is traceable, auditable, and properly controlled throughout its lifecycle, creating a robust framework that can withstand intense internal and regulatory scrutiny. Typical responsibilities for individuals in these jobs include designing and implementing data control frameworks, validating the quality and lineage of data used in Advanced Measurement Approach (AMA) or new Standardized Approach (SA) models, and liaising with IT and data architecture teams to resolve data issues. They often lead efforts to remediate data gaps identified during stress testing or capital calculation processes. Furthermore, they play a key communication role, translating complex data concepts into actionable insights for risk managers, model developers, and senior management, and ensuring compliance with evolving regulations like Basel III/IV. To succeed in these jobs, candidates typically need a strong background in risk management, finance, or a quantitative field. A deep understanding of operational risk principles and the regulatory capital landscape is essential. Proficiency in data governance, data quality tools, and SQL is highly valued, as is experience with risk systems and data modeling. Excellent analytical and problem-solving skills are paramount, coupled with the ability to manage stakeholders across different business units. Strong communication skills are critical for explaining data intricacies and control requirements to both technical and non-technical audiences. For those with the right blend of technical data expertise and risk management acumen, Operational Risk - Foundational and Capital / Stress Testing Data Officer jobs offer a challenging and rewarding career with a significant impact on financial security.
