Operational Risk Manager – Brokerage Services - position no. 1683

About the Company

IBI is one of Israel’s leading and most innovative investment houses, providing a wide range of financial services including portfolio management, brokerage, mutual funds, and investment banking. With a strong emphasis on professionalism, innovation, and client service, IBI is a trusted partner for both individual and institutional investors.

Responsibilities:

• Establish, implement, and maintain the company's Operational Risk Management framework in accordance with internal policies and regulatory requirements.
• Lead operational risk and control assessments, identify control gaps, evaluate control effectiveness, and develop mitigation plans.
• Monitor operational incidents and failures, conduct root cause analysis, identify trends, and maintain a centralized incident database to support continuous improvement.
• Develop, manage, and monitor Key Risk Indicators (KRIs), analyze trends, and escalate emerging risks to senior management.
• Lead the Business Continuity Planning (BCP) and Disaster Recovery (DR) programs, including planning and executing exercises, assessing extreme scenarios, and enhancing organizational resilience.
• Manage and assess third-party and critical vendor risks, including vendor mapping, risk assessments, and monitoring business continuity plans and Service Level Agreements (SLAs).
• Prepare management reports and periodic reports for senior management, committees, and the Board of Directors, providing a comprehensive view of the organization's operational risk profile.

Qualifications:

• Bachelor's degree in Economics, Business Administration, Accounting, Law, or a related field.
• At least 5 years of experience in Operational Risk Management, Internal Audit Management, Compliance, or a related role within the financial services sector.
• Strong knowledge of operational risk management frameworks, internal controls, and risk management methodologies.
• Proven experience leading risk assessments, failure analyses, and lessons-learned processes.
• Strong ability to analyze business processes, identify gaps, and formulate practical recommendations.
• Experience leading cross-functional initiatives and working with multiple stakeholders.
• Excellent writing and presentation skills, with experience preparing policies, procedures, and executive-level reports.

• Significant Advantage
• Experience within regulated financial institutions.
• Familiarity with capital markets regulation, brokerage services, and operational risk management.
• Professional certifications in Risk Management, Internal Audit, or Compliance.
• Experience developing Key Risk Indicators (KRIs), Business Continuity Planning (BCP), and Third-Party Risk Management frameworks.