ORC Conformance

ORC Conformance is a team within ORC Corporate Center that will review compliance with the ORC Framework within the Business Functions and the Business Division aligned ORC teams and has significant impact in terms of ORF development, acting as one of the centers of excellence of the framework.

The successful candidate will have a combination of operational risk and banking experience of a minimum of 3-5 years and will possess the ability to influence senior management and other stakeholders to drive the risk and control agenda. This role is based in London and will report to the Head of ORC Conformance who is based in Zurich.

The ORC Conformance team provides guidance, advice, performs quality assurance and adhoc reviews to help develop the minimum standards for various components of the ORF2 framework such as, for example , the internal control assessment process (ICAP) undertaken by all functions across business divisions, as well as the Operational Risk Assessment Process (ORAP) conducted by risk taxonomy owners within ORC.

In addition to the above, there will be a variety of activities which the ORC Conformance team will be involved in, covering not only the framework components, delivering on adhoc requests from senior management within Risk Control, for example.

The components of this role may vary over time but key responsibilities include supporting the Head of Conformance team to:

• Act as location head for the ORC Conformance Team in London
• Perform an independent analysis and review of elements of the bank's operational risk framework across functions and in different business divisions
• Report results of these reviews to the Global Head of ORC; BD ORC Heads and SpecialistHeads of ORC, and report operational risk issues identified to Head of ORC Conformance
• Assess and facilitate the resolution of risk-related matters
• Work closely with the Business Division ORC Controllers / ORC heads to ensure that results are reflected in the Business Division Risk reports
• Provide feedback on design related issues to the Framework team
• Performing ad hoc requests for the Operational Risk Control Management Committee
 

September 12, 2013 • Tags: , • Posted in: Financial

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