Risk Management Operational

Kaushik K. Sen

Email: ***********@*****.***

Mobile: 551-***-****

LinkedIn: https://www.linkedin.com/in/kaushik-k-sen/

Status: US Citizen Location: Jersey City, 07306

Enterprise/Operational Risk Management Analyst

Professional Summary:

•Operational Risk Professional with comprehensive experience implementing and restructuring Enterprise & Operational Risk Processes for Banking and Financial Services Organizations.

•Additional core competencies are developing alliances with Capital Markets, Corporate, Commercial/Retail Banking Business Lines, Experience in Commercial and Home Lending/Mortgages, Regulatory Authorities and Support functions such as Audit, Compliance, Finance, IT, Legal, Front, Middle/Back Office & multiple Risk Groups.

•Ability to provide analysis of; BSA/AML/KYC Controls, Best Practices, Risk & Control Self Assessments, KRI’s, Risk Metrics and Scoreboards and drafting of Policies & Control Procedures.

•Strong problem solving and analytical skills coupled with communication skills with the ability to partner and influence across organizations in. Process oriented coupled with a strong ability to problem solve in highly detail-oriented and organized execution.

•Technical skills include but not limited to SharePoint, MS Office Suite, Excel, PowerPoint, Outlook, Team Foundation Server, Visio, RSA Archer Suite, Tableau and SQL.

•Experience in building the process of vendor lifecycles to develop a managed program that includes vetting potential vendors, regulatory drivers, data governance factors, and risk management frameworks involved in third party risk management.

•Supported risk and control consulting activities and framework by contributing to risk assessment, business process risk management and third-party risk management (TPRM) processes.

Education:

University of Kentucky, Lexington, Kentucky

Gatton College of Business

Bachelor of Business Administration in Decision Sciences/Management Information Systems (DSIS/MIS), Dec 2003.

Professional Experience:

MUFG - Jersey City, NJ 10/2023 – 03/2024

RCSA Risk & Controls Security Assessments Analyst (Consultant)

•Responsible for preparing Process Flows in Visio, assessing, and appropriately placing applicable risks and controls throughout the process based on reviewed risks and controls.

•Determining appropriate risks based on process and Completing Risk Taxonomy questionnaire while providing rationale for each risk that is irrelevant.

•Working on Risk alignments, to identify risks aligned to an assigned process, rate risk severity based on RCSA Standards and risk appetite.

•Developing Inherent Risk Ratings (IRR) and respective rationales as well as providing Risk Impacts, Likelihood and Treat scenarios that could apply.

•Execute Control Review, rating Control Design and Testing, reviewing Control Objectives ensuring they are sufficient to mitigate preselected risk. Identifying control gaps, creating issues, and developing action plans. Control mapping and alignment to corelating Control Objectives and identified risks.

•Utilizing OpenPages and SharePoint GRC tools as repository for all supporting documentation for sharing and storage.

•Preparing final documentation package for approval by the Process Owner, Data Officer, Business Unit Risk Manager (BURM) and Business Unit Risk and Control Office (BURCO).

•Issue Management experience with documenting issues identified. Critical thinking, detail oriented.

Wells Fargo - Jersey City, NJ 09/2022 - 01/2023

Lead Credit & Financial Risk and Controls Analyst/Technical Procedures Writer (Consultant)

•Lead team with writing technical procedures regarding processes such as underwriting, credit policies and processes etc. within the Merchant Services division.

•Designed quality assurance of financial controls.

•Analyzed Financial changes month to month and year to year of revenue profits and losses and presented analysis extracting findings into PowerPoint presentations for senior management review.

Citibank – Jersey City, NJ 08/2021 - 12/2021

Business Risk and Controls Specialist (Consultant)

•Assisted with Validation of Risk Controls for business lines in accordance with Citibank Operational Risk Metrics / Guidance with SLOD.

•Supported the review and identification of key operational risks and significant unmitigated operational risk exposures in MCA (Management Control Assessment) for remediation.

•Developed and maintained data integrity of ARCMs (Activity Risk Control Monitors) in accordance with the ORM (Operational Risk Management) guidance.

•Input of data into key systems for Regulatory mapping (ARCM alignment).

•Developing effective relationships within stakeholders including business and service providers by participating in working group sessions to identify controls for remediation efforts.

•Promoting knowledge sharing and promulgation of best practices within the RIM (Risk Intelligence Module) project.

USAA – San Antonio, TX 09/2020 - 02/2021

Sr. Risk Analyst (Consultant)

•Supported two simultaneous projects. Assisted FLOD (First Line of Defense) as a part of SLOD (Second Line of Defense) team, to review and analyze risks within processes from respective LOB’s and secondly, work to assess and perform analysis to mitigate Third Party Vendor Risk.

•Provided risk management support for a line of businesses and supported staff in key risk identification, measurement and aggregation, and the understanding and management of risk through appropriate practices and processes.

•Assessed and mitigated enterprise and business exposures through the identification of key and emerging risks and evaluates alignment with risk strategy and appetite. Monitors the risk and control environment to ensure that exposures are kept at acceptable risk appetite levels and periodically consult on risk mitigation plans.

•Built the process of vendor lifecycles to develop a managed program that includes vetting potential vendors, regulatory drivers, data governance factors, and risk management frameworks involved in third party risk management.

•Responsible for coordinating, facilitating, and evidencing assigned Vendor Risk Assessments (VRA) to ensure compliance with process requirements.

•Assisted in fulfilling regulatory, client, and legal requests related to vendor risk, as necessary.

•Planned and executed onsite security/ risk assessments for third party vendors.

•Partnered with key stakeholders in the business to identify, assess, aggregate and document risks and controls, including risks associated with new or modified products, services, distribution channels, regulations and third-party operations using advanced knowledge.

•Presented findings to various levels of leadership and cross-functional teams.

•Implements new risk policies, practices, appetites, and solutions to ensure holistic understanding and management of risks according to industry best practice.

•Contributed to strategies, tools, and methodologies to measure, monitor, and report risks.

Well Fargo – Scottsdale, AZ 05/2018 - 06/2020

Operational Risk Analyst (Consultant)

•Performed Operational Risk Management Review as a part of the Operational Risk Assessment Oversight (ORAO) team for Enterprise-Wide Business Line and Support functions analyzing Risk and Control Self Assessments, Procedures and Process Mapping utilizing RSA Archer Suite (SHRP), iGrafx, Visio and other applications.

•Utilized Tableau Reporting and Excel to develop interactive data reporting for collaboration with various business groups/lines and compliance functions.

•Contributed to development and enhancement of the Business Process Risk Management Program (BPRM) Analyze and Remediate process and procedures including models and templates.

•Completed in-depth reviews of submitted High Risk Business Processes by each of the Business Groups/Lines of Business (LOB’s) and validate each process not only for data quality issues within the programs official System of Record, BPRM Internal Knowledge Engine (BIKE) as well as accuracy and completeness using various job aides, user and reference guides managed by the program.

•Performed data quality checks and ongoing feedback to the Business Groups on Business processes that have not yet been completed within systems to reduce any potential data quality issues. Worked with LOB's i.e., Commercial Banking, Point of Sale/Payment services, ACH etc.

•Partnered with program team members to develop processes for continued sustainability (I.e.: First Line of Defense, Compliance, and Internal Audit Groups).

•Worked with LOB to ensure accuracy of data received for analysis.

•Provided consultancy services to various business groups for how procedures should be applied.

•Partnered with, and managed the dependencies of other BPRM areas and related enterprise initiatives including Enterprise Operational Excellence, First Line, compliance, Internal Audit, etc. Perform Operational Risk Management Review for Enterprise-Wide Business Lines and Support functions.

•Assisted with system Conversions/Testing review; Risk and Control Self-Assessment, Procedures and Process Mapping utilizing; Archer/SHRP, iGrafx, Jira and multiple applications.

TCF Bank - Minneapolis, MN 01/2017 - 04/2018

Operational Risk/Compliance Analyst (Consultant)

•Analyzed information gathered to develop recommendations for improvement and changes in current policies and procedures to close discovered quality gaps and ensure compliance with changing external regulation.

•Performed regulatory and security risk analysis and documented exposure assessments to furnish management assurance in maintain the continuous required protection of IS managed assets.

•Contribute and develop IRA (Integrated Risk Assessments) deliverables.

•Specific attention was made to documenting IT/Technology application asset risk controls in compliance with the requirements of Sarbanes-Oxley (COSO/COBIT) systems and structures.

•Ensured compliance, operational risk controls in accordance with TCF or regulatory standards and policies; and optimized relations with regulators by addressing any issue.

•Creating assessment reports and presentations on Excel using pivot charts.

•Responsible for standard risk reporting management, including input/updates for various reports.

•Reporting/Validating Best Practices for: ACH and Payment processes, BSA/AML, SAR’s (Suspicious Activity Reports), OFAC, AICPA, Basel/AMA, DFA, OCC & SOX, etc.

BB&T Bank, Raleigh, NC 03/2015 - 12/2016 Enterprise/Operational Risk Management (Consultant)

•Corporate Trust/Loan Administration Business Risk & Control Management Consultant.

•Assisted the First Line Risk Control Group and Department Line Management with Risk Assessment/SOX testing, Internal Control Reviews of high and medium risk processes - including New Product process and procedures testing and establishing quarterly test scripts.

•Supported risk and control consulting activities and framework by contributing to risk assessment, business process risk management and third-party risk management (TPRM) processes.

•Built the process of vendor lifecycles to develop a managed program that includes vetting potential vendors, regulatory drivers, data governance factors, and risk management frameworks involved in third party risk management.

•Responsible for coordinating, facilitating and evidencing assigned Vendor Risk Assessments (VRA) to ensure compliance with process requirements.

•Validated RFI (Request for Information), RFP (Request for Proposal) and RFQ (Request for Quotation) contracts and evaluations when on boarding a vendor when conducting due diligence.

•Assisted in fulfilling regulatory, client, and legal requests related to vendor risk, as necessary.

•Planned and executed onsite security/ risk assessments for third party vendors.

Texas Mortgage Company, Dallas, TX 03/2013 - 02/2015

Enterprise Operational Risk Manager (Full time)

•Established a firm wide Operational Risk Governance process by implementing RCSAs (Risk Control Self Assessments), KRI’s (Key Risk Indicators), KYC/AML and Policies & Procedures to ensure compliance with; Basel’s Advanced Measurement Approach, Sarbanes Oxley (SOX), AML, SAS 70 (Statement of Auditing Standards), JSOX regulatory guidelines and Capital Markets (Global - Equities, Derivatives, Fixed Income) process and risk control analysis.

•Coordinated and performed duties as a risk management liaison with other corporate risk partners, including Corporate Risk Management, Compliance, and IT/Technology.

•Established alliances with all Business and Support Groups including External & Internal Audit, SROs/Regulators, Finance & Compliance, IT and Operations etc., to ensure monitoring of controls for Operational Risk, Vendor SLA review and testing of identified risk processes.

•Drafted reports of findings and recommendations to mitigate risk for operational risk management.

•Created, implemented and personally administered training materials around compliance and risk processes for myself and Management.

Wachovia Corporation, Charlotte, NC 03/2011 - 02/2013

Risk/Compliance Analyst (Consultant)

•Responsible for submission process for regulated broker/dealer investment banking activities.

•Monitored, researched and reviewed deal documentation and marketing materials for accuracy, completeness, and compliance with Risk and Oversight guidelines.

•Engaged internal and external legal counsel, as well as internal line of business deal teams to resolve deal documentation gaps.

•Built the process of vendor lifecycles to develop a managed program that includes vetting potential vendors, regulatory drivers, data governance factors, and risk management frameworks involved in third party risk management.

•Responsible for coordinating, facilitating and evidencing assigned Vendor Risk Assessments (VRA) to ensure compliance with process requirements.

•Validated RFI, RFP and RFQ contracts evaluations when on boarding a vendor when conducting due diligence.

•Aided in fulfilling regulatory, client, and legal requests related to vendor risk, as necessary.

•Planned and executed onsite security/ risk assessments for third party vendors.

•Identified and resolved issues resulting from internal compliance and audit examination.

•Worked in development of KRI’s (Key Risk Identifiers) in Excel.

•Developed assessments of respective risk metrics as needed.

SurePoint Lending, Louisville, KY 05/2005 - 02/2011

Compliance Analyst (Full time)

•Advisor to; Trading, Underwriting, Sales, Middle/Back Office and Technology Groups on Operational integrity, AML, Collateral Management, Support Staff recruitment and Regulatory due diligence.

•Align with Senior Executives, Audit, Compliance, IT and Operations Management and staff.

•Established Operational Risk Guidelines & Policies for Infrastructure Support functions.

•Contributed to the implementation and monitoring of a risk-based program by testing, monitoring and performing quality assurance reviews.

•Partnered with Enterprise Risk Management to develop the Firm Top-Risk Risk Identification program.

•Assisted in Risk, Compliance & Internal Audit practices - facilitated all phases of implementation of security framework control mapping, process management and stakeholder co-ordination.

•Identified and assessed substantial risk clients by applying knowledge of KYC, BSA, AML global and local policy; screened for associated Politically Exposed Persons (PEPs), Specially Designated Nationals and Blocked Persons (OFAC SDN List), negative press, etc.

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