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Job Description
The UK & Ireland MD will be responsible for bringing our Animal Health (AH) products and Technology solutions to our customers in the UK and Ireland through our teams and accelerating the growth of our business in these markets. This position requires strategic thinking to assess and develop plans related to various opportunities in-line with the regional AH Strategic priorities. The leader will play a critical role in effectively developing future leaders with demonstrated ability to retain talents, to energize and to inspire others to higher levels of effort and performance while building a strong succession pipeline for the future.
This role will have direct commercial impact through managing the P&L, forecasting and leadership responsibilities. S/he will develop and execute successful short and long-term commercial strategies, financial plans, and budgets and will ensure maximum performance of sales volume, market share and profit. Of critical importance to the successful execution of this role is the ability to partner with the Global Species Leaders as well as establishing and maintaining regular communications and collaboration with key functional leaders such as Research & Development, Finance, Commercial Ops HR and Compliance to ensure achievement of financial and non-financial objectives.
The UK & Ireland MD role is part of the Europe, Russia, Africa and Middle East (EURAM) Regional Leadership Team and reports to the Regional SVP of EURAM, Animal Health. The Ireland GM reports into this role.
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Merck & Co., Inc., Rahway, NJ, USA, also known as Merck Sharp & Dohme LLC, Rahway, NJ, USA, does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.
Employee Status:
RegularRelocation:
VISA Sponsorship:
Travel Requirements:
Flexible Work Arrangements:
Not ApplicableShift:
Valid Driving License:
Hazardous Material(s):
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Role Summary:
The Head of Operational Risk Capital and Stress Testing is a senior leadership position within the Operational Risk Foundational Programs Team. The ORCAST team has responsibility for managing operational risk event data, producing macroeconomic scenarios and forecasts used in the Firmwide capital planning, budgeting and loss assessment process, and generating operational risk regulatory reporting.
The role will require the leader to interface with a diverse group of stakeholders; including, senior management, risk and control owners, Business Executives, COOs, Audit, and regulators to achieve risk measurement and risk management objectives. The leader is expected to be deeply engaged during high-impact events such as Operational Risk Management program development and regulatory remediations.
This role requires a senior leader who has extensive knowledge of global regulatory requirements, supervisory guidance and industry best practices. The role requires in-depth experience with designing, implementing and managing an integrated loss event, capital, stress testing and scenario programs.
The role is global in nature and will require excellent communication, negotiation and partnership skills in order to influence a wide variety of stakeholders, including external regulators.
Key Responsibilities Include:
Define the operating model and related organizational support structure to deliver on the capabilities of the integrated ORCAST team; including, Operational Risk Events, Scenario Analysis, Regulatory Reporting, Stress Testing and Capital.
Ensure frameworks, methodologies, policies, processes, reporting are in line with regulatory expectations and industry standards. This includes driving Basel IV preparedness for Operational Risk.
Ensure ORCAST programs have a clear philosophy, purpose, and connectivity to the rest of the Operational Risk Management Framework so that its role in enabling effective management of operational risk is understood.
As a member of the Operational Risk Foundational Programs leadership team, contribute to the success of the overall team by ensuring coherence and effectiveness of the Operational Risk
Management Framework, supportive growth of team members and successful engagement across the 3 lines of defense.
Manage key stakeholders at all levels across State Street to drive strategic priorities and objectives.
Foster relationships with key stakeholders globally across the First & Second lines of defense to ensure clear allocation of responsibilities for their role in operational risk event management and scenario analysis.
Responsible for building and managing a high performing global team
Active engagement with regulatory agencies, internal and external advisors and other internal control groups
Operational Risk Capital & Stress Testing:
Ensure that ORM’s processes, controls and governance framework align with firmwide Stress Testing Standards and Basel Regulatory Reporting framework through ORM own Policy and Standards
Develop methods to capture relationships between losses and macroeconomic conditions, analyze reasonableness of those observed relationship and produce insights to drive risk management decisioning
Develop and own the quantitative assessment of operational risk including the development and maintenance of the capital model and related assumptions
Provide reporting and insights on the Bank’s exposure to operational risk, including peer benchmarking and related variance analysis.
Provide analysis, commentaries, and tracking current and historical Operational Risk Capital and CCAR trends, as well as collaborating with model development / analytics teams to meet internal and regulatory reporting review, validation and audit needs.
Lead ongoing efforts around Basel and BCBS29 operational risk capital processes; including global capital forecasts
Develop macroeconomic scenarios used in stress testing for a range of internal and regulatory stress testing regimes
Assess the materiality of operational risk in the context of firm exposure, and internal risks and drivers including external risk factors
Oversee the preparation of regulatory reporting, ensuring it is completed timely and accurately
Operational Risk Events:
Design, implement and manage execution of the Operational Risk Event Program
Define minimum requirements for SLOD oversight / challenge practices and execution across State Street for all integrated Risk Identification & Assessment capabilities.
Own the strategy, design and execution of the applications within the GRC solution; transforming the existing implementation to align to the enhanced Operational Risk Management Policy and integrated framework
Oversee the preparation of regulatory reporting, ensuring it is completed timely and accurately
Develop training strategy and related materials to support ongoing education of the Company
Develop insights, solutions and reporting on operational risk events for senior management and core constituents to harness.
Scenario Analysis:
Engage with stakeholders within Risk and across business segments to mature the firm’s Operational Risk Scenario Analysis Framework
Lead global scenario analysis by collecting relevant internal / external data, managing specific scenario user tools, facilitating scenario workshops, producing qualification results and developing presentations to represent outcomes.
Develop training strategy and related materials to support the scenario analysis program
Design and deliver reports which clearly communicate outcomes of the Scenario Program for a variety of audiences including the Board & Senior Management.
Qualifications:
Minimum of least 15 years of management experience in financial services; operational risk / Finance focus preferred
Conceptual thinking skills must be complemented by a strong qualitative orientation
Impeccable written and oral communication credentials,
Advanced expertise with scenario analysis, stress testing, operational risk events, regulatory reporting and operating risk capital
Demonstrated experience driving consensus between competing opinions and objectives across a diverse group of stakeholders with varying levels of expertise
Advanced subject matter expertise in operational risk and related modeling concepts
Detail oriented with a demonstrated ability to independently manage and prioritize a book of work spanning change the bank and run the bank activities.
Strategic thinker with a demonstrated ability to distill complex, ambiguous information to create effective solutions and insights for leaders.
Ability to quickly analyze the status quo and identify opportunities for continuous improvement or re-engineering.
Equivalent to a university degree in computer science, business, accounting or related field. Additional academic degree (e.g., MBA, doctorate) preferred.
Salary Range:
$170,000 - $267,500 AnnualThe range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
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