Assistant Manager, Operational Risk

Responsibilities

of the role :

Reporting to the Operational Risk Manager, the job holder will be responsible for the following :

• Draft the Group Policies, Standards and Procedures (PSPs) and supporting tools and ensure effective implementation through providing training
• Facilitate the management of operational risk across the Units.
• Implementation of the group-wide framework for the management of operational risk;
• Organization and facilitation of risk management workshops;
• Coordination and facilitation of the implementation of the various policies and procedures in the Units
• Assistance with the identification of risks and the definition of appropriate controls;
• Assistance with development of action plans to mitigate risks
• Challenging / testing the effectiveness of controls;
• Analysis of risk data such as loss events and other incidents, KRIs, etc. and ensuring that they are translated into appropriate action;
• Investigating risk events and incidents;
• Following up onpletion of action plans
• Review - and approve - local policies & procedures to ensurepliance with group standards and policies
• Provide day-to-day training and support to the first and second line and the Units for the management of operational risk.
• Develop and conduct training on Operational Risk for various stakeholders
• Responsible for various Initiatives including Incident Management, Key Risk Indicators, RCSAs as required etc
• Involved with the ICAAP Process in order to assess adequacy of operational risk capital
• Engage on various initiatives such as process improvements and enhancements as required
• Quality control of the various ORM projects ( the reliability of the results of the various risk management projects reported to the Operational Riskmittees and Board Riskmittees both at the local level and at the group level)
• Participate in the review of new products and change management projects ( outsourcing of processes) to ensure that the inherent risks are assessed and mitigated prior to launch / implementation
• Ensure that the management of operational risk is aligned to other non-financial risks pliance, IT Risk, BCM, Audit
• Cooperation with other risk and control functions to ensure that all non-financial risks are adequately managed
• Analyze data related to Operational risk in providing insights
• Prepare / oversee the preparation of actionable (consolidated) risk reports for the various internal and external stakeholders.
• Reporting ORM matters to the local / group senior management, the local / group ORCO, the local / group Board Riskmittee, etc. and to the local ("host") regulators.
• Reporting on the progress against the approved operational risk management planning
• Develop trainings, conduct necessary training and provide guidance to the risk managers in the Unit, subsidiaries, branches and rep offices on all aspects of the management of operational risk management
• Disseminate - and explain - policies and procedures for the management of operational risk to the various stakeholders in the Unit
• Acting as point of contact for local external auditors and regulators in operational risk matters.
• Serving as secretary of the local ORCO.

Areas of Knowledge, Qualification and Experience

Job ID 3NAFC8kQMT6O