About the role
AI summarisedThe VP, Operational Risk Manager at a bank's Risk Management Group is responsible for overseeing the operational risk framework, including risk identification, assessment, monitoring, and reporting. The role involves collaborating with business units to ensure robust internal controls and compliance with regulatory standards.
BusinessFull-timeGeneral
Key Responsibilities
- Develop and maintain the operational risk management framework, policies, and procedures.
- Identify, assess, and monitor operational risks across the organization.
- Conduct risk and control self-assessments (RCSAs) and key risk indicator (KRI) reporting.
- Review and challenge business units' risk profiles and control effectiveness.
- Prepare and present operational risk reports to senior management and committees.
- Coordinate with internal audit and compliance on risk-related matters.
- Support the implementation of risk mitigation strategies and action plans.
- Stay abreast of regulatory developments and industry best practices in operational risk.
Requirements
- Minimum 10 years of experience in operational risk management within the banking or financial services industry.
- Strong knowledge of operational risk frameworks, Basel regulations, and SOX requirements.
- Excellent analytical and problem-solving skills.
- Proven ability to communicate effectively with senior stakeholders.
- Experience in risk reporting and data analysis.
- Bachelor's degree in Finance, Business, Economics, Accounting, or a related field.
- Professional certifications such as FRM or PRM are preferred.
- Ability to work independently and manage multiple priorities.
- Strong attention to detail and organizational skills.
- Proficiency in Microsoft Office Suite, particularly Excel and PowerPoint.