Executive Operational Risk Management

Job Purpose

• Assist in implementation of operational risk management framework within an organization, and ensuring operational risk programs throughout the organization are effective;
• Assist Deputy Director ORM to enable an effective day-to-day management of operational risk and manage other risk related matter that may be assigned by the Management from time to time;
• Formation of operational risk management plan within the team in promoting strong operational risk management culture as well as operational resilience so as to support the department’s agenda, organization’s vision, mission and corporate values;
• Assist in implementation of operational risk initiatives and on-going activities for operational risk management unit including other stakeholder(s) as may be identified to serve future needs; and
• Serve as the organization representative and advocate for excellence in operational risk functions.

Key Responsibilities

Governance

• Assist Deputy Director ORM to develop and enhance the bank’s overall operational risk management governance framework that are aligned with parent company and regulatory expectation;
• Support the activity undertaken by risk owners to ensure that it is aligned with Bank’s overall strategy and within the Bank/parent company’s risk appetite while ensuring adequate consideration and controls of potential risks in activities undertaken by the Bank.
• Recommend suitable guidance to ensure effectiveness of operational risk management functions by working closely with relevant departments to provide independent input on business initiative, new product development and rectification of risk issues identified.
• Conduct impact/ gap analysis on changes in local and/or international regulations related to operational risk management and coordinate changes in relevant policy, procedure and system.

Operational Risk Management

• Implementation of overall effective operational risk management programme, which include operational risk self-assessment and the appointment of departmental operational risk manager in the respect business and support unit;
• Ensure and provide timely escalation, update of potential and significant operational risk issue to Deputy Director ORM to enable an informed judgement and immediate remedial action is initiated to mitigate and address the risk concern; and
• Ensure timely reporting and escalation of operational risk incident to relevant parties including parent bank and/or regulator, as and when needed in accordance with the relevant policies and procedures upon consultation with Deputy Director ORM, as appropriate.

Advisory

• Keep Deputy Director ORM informed on regulatory developments in relation to business continuity management and operational resilience-2, its implication to the bank’s risk profile;
• Provide advisory and guidance to business and operation units on the interpretation of regulatory requirements on business continuity management and operational resilience-2 for the management of operational risks relevant to the respective business and operation units to ensure alignment to all regulatory requirements.

People Management, Training and Development

• Provide guidance on business continuity management and operational resilience-2 related areas to the team members as well as business and support units.
• Perform any other ad hoc functions as assigned by the Management/ superior from time to time.

Job Requirements

• Bachelor Degree in Risk Management, Financial Engineering, Quantitative Finance, Economics, Banking & Finance, Actuarial Science or related discipline.

• Strong quantitative, analytic and problem-solving skills.

• Strong work ethic, commitment, able to work independently and good communication skill.

• Fluent in both written and spoken English and Mandarin.