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Operational Risk Specialist

Finance and Accounting
1803221 Requisition #
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Does playing a critical role in protecting customers sound exciting to you? How about working for a global fintech company on an advanced team that is passionate about preventing money laundering and other illegal financial transactions? 

We’re seeking a Operational Risk Specialist, based in our Vienna, Austria office.  In this role, you will conduct root-cause analysis of incidents captured in the Operational Risk database whilst identifying adequate remedial actions to prevent future losses – including process improvement, optimising existing databases and stakeholder management. 

Sound interesting? Here are some specifics:

• Review and facilitate communication and work flow between the DORO and the incident reporter until the report is found to be complete and accurate
• Drive changes needed to remove root causes of most frequent / high risk Operational Risk events 
• Improve, develop and update related reports for trends analysis, KPI measurement and escalation
• Consolidation, administration and reporting of the loss collection and mitigation status 
• Conducting validation steps to ensure accounting reconciliation is completed
• Perform annual review of all registered Operational Risk incidents (using all available sources), identify commonalities in root causes, recommend or drive necessary remediation actions 
• Participate in qualitative assessments or providing support for assessment
• Provide support and guidance to inter-related functions, including Internal Controls and Outsourcing Oversight
• Prepare regular Operational Risk management reports for ICOR, Risk Committee, SVB, Auditors and other stakeholders
• Contribute to the preparation of annual Risk report
• Participate in relevant departmental committees and review meetings
• Provide subject matter expertise and support cross functional initiatives 

What you will need to succeed:

• Profound understanding of key process in financial services / payments / banking
• Experienced in Operational Risk management (identification, measurement, management, reporting) or similar areas (i.e. internal controls, fraud management)
• Experience in cross-functional management and coordination 
• A university degree in Finance or Business (or equivalent) or Law or relevant professional qualifications
• Experience in Risk Management in a banking or financial services environment
• Analytical and logical thinking skills

What will make you stand out:

• Experience in working in matrix organization
• Fluency in English (oral and in writing); Fluency in German or any other language of WUIB footprint countries is strongly desirable
• Excellent computing skills with all common office programs
• Excellent knowledge of relevant banking regulation, especially CRR and relevant technical guidelines on Operational Risk management
• Profound knowledge of banking operations, functions, products and processes
• Ability to transform operational activities and result into strategic messages that supports decision making
• Ability to work in a changing environment with multiple priorities
• Ability to travel (up to 30%)

What’s in it for you?

• Competitive global pay and benefits
• Unparalleled experience as part of one of the most advanced compliance teams in the world, with opportunities to build valuable skills and grow your career
• Diverse, global team with colleagues in over 50 countries

The minimum salary for this position is EUR 44,156 (gross), however overpay is possible and depends on your skills and relevant experience.

What it’s like here:

Western Union (WU) is a company on the move! We believe that when money moves, better things can happen. From small businesses and global corporations, to families near and far, or NGO’s in the most remote communities on Earth, WU helps people and business move money globally. We have a rich legacy of innovation, and are continuing to develop new and more convenient ways for our customers to send and receive money through digital, mobile and retail channels. We have a combined digital and retail network that spans over 200 countries and territories. Some companies specialize in cash-based retail money transfer and others play only in digital. We are leaders in both!   
Being on the Western Union team means being tenacious and goal-oriented. It means taking risks and quickly finding the path to success. It means having integrity, and finding ways to make things work. It means thriving as part of a diverse, global team of over 10,000 people who are committed to moving money for better. It means being driven to win, and to do work that makes a difference… on a global stage. Sound like you? Apply now! 

Inclusion and diversity are fundamental to our culture and success. Achieving our common vision depends on people with diverse backgrounds working together. Who knows; your unique point of view could be the key to our next groundbreaking idea. We’d love to explore that possibility!

We are committed to equal employment opportunity regardless of race, color, religion, sex (including pregnancy or related medical conditions), national origin, sexual orientation, gender identity, age, disability, marital status or another protected category. 

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