Job Description
- Support the CRO / Head of Operational Risk to develop, implement and maintain the framework (policies and procedures, templates) for Operational Risk Management (ORM) with underlying sub-risk types and monitor the adequacy of the framework. Examples of ORM sub-risk types include business resiliency, technology, third-party and outsourcing environmental, and new product.
- Act as subject matter expert and advice on the implementation of the ORM framework including risk assessments, due diligence assessments and policy dispensations.
- Initiate and oversee risk and control activities such as business process mapping, risk and control self-assessment ("RSA") and Business Continuity Management ("BCM")
- Conduct risk assessments of technologies or processes where required, e.g. Business Impact Analysis ("BIA"), third-party and outsourcing due diligence, new product etc.
- Facilitate the risk acceptance process that evaluates risk and compensating controls, identifies risk owners set conditions on risk acceptance and obtains approval.
- Monitor new regulatory requirements and conduct gap analysis against new regulations/ guidelines and the ORM framework to ensure compliance.
- Assign and communicate the responsibilities and authorities of relevant roles.
- Develop and provide training for employees to promote ris awareness and ensure relevant employees are trained on OR policies and sub-risk types.
- Define and propose risk management metrics (e.g. key risk indicator/ key control indicator) to monitor the risk and control environment; and periodically report to the risk
- support senior management in risk oversight and governance.
- Monitor that employees/ personnel and service providers implement controls that achieve the ORM's objectives and is sustainable, including the appropriateness and efficient processes for identifying, managing, and controlling ORM risks.
- Monitor and provide oversight on issues and remediations.
- Identify and report high risk, emerging risk trends and key issues to risk committees.
- Design, implement and maintain risk management tools.
- Support internal and external audit/ assessment engagements.
Requirements
- Bachelor's degree in related domains.
- 7-10 years of experience in Ops Risk Management or audit and compliance in operational areas preferably within the financial industry.
- Familiar with operational risk regulatory and legislative requirements (e.g., Guidelines on Risk Management Practices, Business Continuity Management Guidelines and Outsourcing, Banking Secrecy Act, Personal Data Protection Act) and industry standards (e.g., ITIL, SANS, NIST, ISO 27001/2)
- Advantageous to have professional certifications such as Risk Management Certifications, CISSP/CISA/CISM/CRISC/CDPSE
We apologize that only shortlisted candidates will be contacted. Thank you.
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