Operational Management Specialist
7 days ago
Operational Management Specialist
About the Role:We are seeking an experienced Operational Management Specialist to join our team at Madison-Davis, LLC. This is a fantastic opportunity for a skilled professional to take on a leadership role and drive operational excellence.
Key Responsibilities:- Oversee Outsourced Activities: Lead day-to-day operations of outsourced activities, ensuring compliance with documented procedures.
- Trade Lifecycle Flow: Identify and remediate front-end issues, guaranteeing seamless trade lifecycle flow.
- Implementation and Execution: Develop and execute Written Supervisory Procedures (WSPs) for outsourced activities, maintaining accurate records.
- Collaboration and Communication: Work closely with internal stakeholders and service providers to address concerns and incidents.
- Process Improvement: Identify opportunities to re-engineer processes and controls, focusing on simplification, cost savings, regulatory compliance, and customer satisfaction.
- Service Level Agreements: Develop, implement, and monitor Service Level Agreements to ensure high-quality services.
- Governance Meetings: Attend regular governance meetings with service providers, ensuring issues are addressed, procedural changes are implemented, and audit results are reviewed.
- Control Environment: Maintain an effective control environment through policy updates, SOX/RACA identification, control creation, adequacy reviews, and testing.
- Agent Invoices: Review and validate agent invoices prior to approval and payment.
- Reporting and Relationship Management: Provide regular reporting to management on outsourced activities, highlighting risks, issues, and remediation actions, while maintaining relationships with 3rd-party agent banks.
- Cash Management: Review and approve cash wires and journals, process month-end ledger cash adjustments, and reconcile packages.
- Estimated Salary: $80,000 - $110,000 per annum, depending on experience.
- Benefits Package: Comprehensive benefits package, including health insurance, retirement plan, and paid time off.
- Career Development: Opportunities for career growth and professional development in a dynamic and supportive environment.
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