Operational Risk Contract recruitment
- Responsible for the maintenance, review and implementation of the Operational Risk Management Policy in the Bank
- Oversee the operational risk management and measurement framework
- Operational risk management:
- Facilitate Risk and Control Self Assessment (RCSA) workshops for all business groups, to identify residual operational risks and arrive at Key risks in the banks processes;
- Facilitate periodic walkthroughs to review the robustness and effectiveness of all key controls identified through RCSA workshops;
- Review Internal Audit findings to ascertain effectiveness of key controls;
- Facilitate developing Key Risk Indicators (KRI) for all key risks in the business and creation and reporting of KRI dashboards including escalation triggers, to relevant Committees;
- Conduct the Operational Risk Management Committee (ORMC) on a monthly basis.
- To undertake projects and assignments from time to time as directed by Supervisor
- Operational risk measurement:
- Mapping the empirical internal loss data as reported by all business groups, into relevant business line and loss event categories as per the Operational Risk Management policy, and report to the ORMC on a monthly basis and quarterly to the Audit Committee;
- Augment internal loss data collection by using scenario analysis methodologies for specific business groups
- Conduct scenario analysis to determine operational risk capital requirements.
- Operational risk reporting:
- Internal capital adequacy assessment process (ICAAP) for Operational risk:
- Assist take ownership in the development of the ICAAP process for Operational risk
- Assist the Parent Bank formulating the ICAAP for the Group as a whole
Outsourcing:
- Oversight and review of the outsourcing policy on an annual basis
- Oversight of Business / Operations conducting risk criticality matrix to ascertain the criticality of all proposed outsourcing arrangements;
- Document and maintain a schedule of all outsourcing arrangements entered into by the Bank;
- Report the status of the outsourcing engagement reviews to the Management committee (MC) on a quarterly basis
- New product and process approval (PAC):
- Review all PAC notes pertaining to new products / processes with a view to ascertain all risk issues are identified and mitigated / controlled.
Business Continuity:
- Providing guidance in maintaining the bank’s BCP and providing support to the business groups in testing of group specific plans.
- Act as a facilitator to the group heads for conducting review of their group specific BCPs.
- Awareness on BCP to the new joinees by providing training in the induction programme
Others:
- Providing support to the Fraud prevention cell and participate in the Fraud Governance Committee (FGC).
- Maintain a list of policies for the Bank and review this on a quarterly basis to the MC
- Undertake projects and assignments as provided by supervisor
For more information, or to apply for this role please contact Razzaq Alam on 0203 589 9275 or email razzaq.alam@jcwresourcing.com
August 7, 2012
• Tags: Operational Risk Contract recruitment, Risk Management careers in the UK • Posted in: Financial