Risk Management: understanding all risks – from the economic to the political – that could affect our global business, and offering guidance to all parts of the bank

Job Purpose 

The incumbent is responsible for Operational & Market Risk activities including Risk reporting and trend analysis, errors and claims tracking and analysis, audit coordination, BCM oversight, systems entitlements, project management and preparing senior management risk reports. In addition, identify, measure and manage the banking and trading book related risk in compliance with market risk policies and procedures through regular review.

Key Responsibilities/Accountabilities

Operational Risk

• Implementation, validation and monitoring of operational risk management processes within the business
• Continuously improve the operational risk processes with the intention of adding value to business whilst introducing practices that are fit for purpose in line with leading global practices
• Ensure that the business management are fully appraised of the operational risk status
• Provide operational risk tools training support to the business
• Validate reported operational incidents and exceptions, perform root cause analyses, identify potential opportunities for improvements to upstream processes/systems. Provide adequate operational risk review and evaluation of new product releases, and emerging risks due changes to products and service offerings within the business
• Maintain a wide network with head office and in-country business and other stakeholders (e.g. Operations, Legal, Compliance, FCC, and other risk type functions, and IT)
• Ensure that in-country and head office operational risk deliverables and strategies are met
• Perform sample-based back-testing analysis on specific operationally vulnerable areas to pre-empt the development of standards, procedures and process maps where operational gaps exist across businesses
• Facilitate RCSA’s and KRI’s workshops with business; and monthly collation and validation of Key Risk Indicators, and other relevant ERM metrics
• Assist in development of a cross departmental communications program on cross cutting operational risk issues, including those relating to shared enablement functions such as Finance, Operations, IT, HR and Risk divisions
• Monitor bank’s insurance cover by way of review of the insurance return to ensure that assets are adequately protected against losses
• Pro-actively identify control deficiencies from Internal Audit, Risk Assurance, Forensics, BCM, incident reports and external sources (those outside of immediate environment) and through gap analysis to ensure ‘fit for purpose remediation by business of any risk exposures
• Effective performance and career management of subordinates

Market Risk

• Identify, measure and manage the Banking and Trading book related risk in compliance with market risk policies and procedures through regular review
• Monthly and daily reporting of market risks related deliverables including positions, P&L and limit breaches in accordance established guidelines and daily discussions with traders on changes that may occured
• Monitor and escalate breaches of limits, triggers and product mandates including ensuring that limits are aligned to regulatory limits
• Mantain documentation for inputs into limit setting, limit change requests, limit mandates, product mandates, breach logs and non-adherence to code of conduct
• Arrange/attend fortnightly meetings with front office and group market risk team to discuss market risk related issues

Preferred Qualification and Experience

• Strong operational risk experience within financial services/industry (retail, commercial and corporate and investment banking) with working knowledge of banking systems, procedures and controls
• Business product knowledge, including understanding of financial processes in order to be able to determine their impact on risk and control
• Familiarity with operational risk regulatory environment e.g. Basel II (AMA), Sarbanes Oxley, etc. preferable though not essential)
• Practical knowledge of how to input, access and utilise information from the network/systems to analyse and forecast trends
• A relevant tertiary qualification
• Bachelor/Master degree, or professional qualifications such as CFA is advantageous
• Computer literacy (MS Office) 

Knowledge/Technical Skills/Expertise

• Good understanding of treasury, its products and risk related elements
• Project management skills
• 3 years experience working in a busy financial environment
• ACI Dealing Certificate (s)