Job Summary
Perform operational risk functions such as quarterly risk assessment, independent validation of Risk & Control Self-Assessment (RCSA) maintenance of Operational Risk Events register, review new outsourcing arrangement and annual review outsourcing arrangement, maintenance of Register of Outsourcing assist to prepare risk management reports for branch, address auditors queries, relief for market/liquidity risk and document, review and update risk management relevant policies, procedures and processes.
Functional
1. Operational Risk Assessment
- Perform quarterly review of the bank's business and support units to ensure that risks are adequately addressed. Based on risk assessment matric and go through each process with the relevant personnel to ensure that procedures are followed.
- Perform independent review and validation of Risk & Controls Self-Assessment performed by business and support units including to ensure completeness of risk register and the periodic control testing are conducted timely and correct.
- To follow up with respective officer on exceptions identified during the risk assessment review. recommend action plan for rectification.
- Quarterly surprise cash count and movements on cheque books for Main Branch
- Quarterly review of tape recordings and perform sample checks for the trades done from tape recordings.
- Quarterly review of sales process of wealth management and global market to ensure compliance with established policies and procedures.
- Prepare and consolidate the monthly operational risk event report
- Review the proposal for new outsourcing arrangement to ensure compliance with the regulatory requirements and SOPs. In addition, initiate annual review of outsourcing arrangement and ensure that the owner complete the review according to the stipulated timeline.
- Monitor and track regulatory reporting deadlines
2. Investment suitability
- Review daily exception report and ensure that the exceptions are substantiated with valid reason and justification and duly addressed timely by the business units. Escalate any non-compliance and long outstanding exception on timely manner according to the procedures.
3. Block Discounting/ Floor Stock
- Perform audit on customers with block discounting/ floor stock facility to ensure the utilization for the facility is in accordance to the terms of the facility with proper records maintained by the customer.
4. Proof of Accounts
- Send out monthly proof for accounts with manual entries to the respective depts.
- Review of suspense and manual entries accounts.
- Ensure that there are no long outstanding and unusual items.
5. Tracking of Manual
- Maintain the register for Policy and SOPs. Track and ensure that business and support units perform the annual review timely with proper report on the outstanding review.
6. Security
- Control and track movements of critical system passwords.
- Administrator for CTS, MEPS and Swift system.
- Swift Authenticator Keys Administrator
- Exchange of swift keys with correspondent banks
- Follow up on all swift keys matters
7. Others
- Review daily screening of alerts generated by Siron System.
- Review of alerts generated by the Customer CDD Risk Scoring in the Norkom System.
- Secretariat for Risk & Controls Governance Meeting (RCGC) on rotation basis.
- Collate and prepare section on operational risk for relevant meeting including RCGC Private Wealth Management & Management meeting.
- Relief duties for market risk and liquidity risk
- Other tasks assigned by Management from time to time.
Managerial
Provide training and guidance to other team member on identified operational risk areas to ensure continuity of relief functions.
Organizational
- Ensure that all issues/concerns related to policies and processes raised by regulator are resolved within agreed timelines.
- Ensure that responses to internal/external auditors on queries and audit recommendations are carried out within agreed timelines.
Education/ Qualification
- Business, Accounting, Information Technology, Economics, Statistics or Risk Management
- Certified Financial Risk Manager /Professional Risk Manager (PRMIA) would be highly valuable
Experience
- Preferably with at least 5 years working experience in financial institution in operational risk. Candidate with experience in various risk management areas will be added advantage.
- Proficient in excel and macro will be added advantage
