Manager, Operational Risk - Banking

Core Responsibilities

• Managing Operational Risks by ensuring that the operational risk guidance and assurance process requirements are fully embedded and trigger any gap.
• Enhance operational risk capability and demonstrate delivery in line with the roles and responsibilities by working with the banks businesses to embed policies and provide advice and guidance.
• Ensuring that the Operational Risk Management Framework is embedded including timely assessment and closure of gaps.
• Ensure proper, timely and accurate reporting of KRIs as well as identification of the path to green.
• Lead thematic reviews based on Senior Management request.
• Monitor all review report findings and assist business when applicable to ensure adequate closure.
• Review risk reporting packs and recommend any enhancement.
• Review bank-wide monthly risk data to various committees.
• Review all risk and control concerns, overdue action plans and fraud cases.
• Liaises with the policy owners and obtains their proposed assurance plan on annual basis.
• Validates the requirements, i.e. every policy has been included as a part of the proposed assurance plan for the SLoD.
• Consolidates the individual proposed plans into one and ensures alignment and no overlaps.
• In case of overlaps, liaises with the policy owners towards a solution to ensure the business is reviewed at a lower frequency as possible presenting the draft consolidated plan to the Director of Operational Risk.
• Monthly validation of the progress of the assurance plan versus the actuals.
• Where possible, be a part of the closing meeting to identify any improvements.
• Sample check if the issues have been included in the Operational Risk Registry and check if the linkage to the controls & risks are appropriate.
• Performs independent oversight review (Desk/onsite) on the quality of assurance and issue review reports to the stakeholders.
• Oversees the Risk and Control Self-Assessment (RCSA) challenge process by the FLoD and SLoD.
• Conduct training for the bank employees on the FLoD and SLoD.
• Oversee the governance over analysis & closure of issues & actions by the FLoD and SLoD.
• Monitors KRIs, risk maps and the bank-wide risk profile with the aim of holistic reporting and analysis of the operational risk environment, emerging risk factors, losses as well as near misses in a timely and accurate manner, as well as monitoring preventive thresholds and trends.
• Provides guidance and participates in the setting of risk appetite for the Operational Risk categories in coordination with the risk & control owners.
• Use AI tools to monitor operational data and predict potential risk events.