Job Purpose
In charge of liaising with business line management to improve operational controls and develop operational risk profile which fits the risk appetite of the bank.
Assist in conducting Business Process Analysis, assisting the business with Risk Control Self Assessment (RCSA) program, development of key performance indicators (KPIs) for the bank’s line of business.
Measure losses and exposures and drive change where necessary.
Examine and report on operational risk issues for bank and plan proactive/reactive action plan.
Key Responsibilities & Accountabilities
Support Operational Risk Manager with development and implementation of the framework for the identification, assessment, monitoring, control/mitigation and reporting of the operational risks across the bank.
Aid Operational Risk Manager in planning and implementing Basel II framework.
Contribute to raising operational risk awareness and culture throughout the bank and the business lines and provide guidelines to business units in enabling then to identify risks and develop necessary controls and processes to manage those risks.
Preserve database of business processes, risks, controls, mitigation measures and historical losses (internal/external) on a bank-wide basis
Promotes in the design, implementation, evaluation and reporting of:
Key Performance Indicators (KPIs) and tolerance levels
Risk Control Self Assessment Process
Control Incident and Operational Loss Collation Processes.
Assist in designing, implementing, assessing and enhancing of operational risk systems.
Accomplish operational risk assessment review of new products, new or changed activities, processes and systems under the direction/guidance of Operational Risk Manager.
Review, analyze, enhance and update policies, procedures and processes for managing operational risk in all of the bank’s material products, activities, processes and systems.
Maintains abreast with developments in the market, regulatory environment for operational risk management in banking and financial services industries (Basel committee, FSA, BBA, etc.)
Accountable for management operational risk reporting.