Job Title:	Operational Risk Manager - Global Corporate Banking - London
Reference:	1090828
Salary:	40000 - 55000
Location(s):	London
Industry(s):	Financial Services
Advertiser:	Hays - Accountancy & Finance
Employment Type:	Contract / Permenent
Posted:	12-02-2010

Description:

·         Operational risk policy review on an annual basis to the Board Risk Committee (BRC)
·         Set-up the operational risk management and measurement framework
·         Operational risk management:
·         Facilitate Risk and Control Self Assessment (RCSA) workshops for all business groups, to identify residual operational risks and arrive at Key risks in the banks processes;
·         Facilitate periodic walkthroughs to review the robustness and effectiveness of all key controls identified through RCSA workshops;
·         Review Internal Audit findings to ascertain effectiveness of key controls;
·         Facilitate developing Key Risk Indicators (KRI) for all key risks in the business and creation and reporting of KRI dashboards including escalation triggers, to relevant Committees;
·         Conduct of Operational Risk Management Committee (ORMC) on a monthly basis.
·         Operational risk measurement:
·         Mapping the empirical internal loss data as reported by all business groups, into relevant business line and loss event categories as per the Operational Risk Management policy, and report to the ORMC on a monthly basis and quarterly to the Audit Committee;
·         Augment internal loss data collection by using scenario analysis methodologies for specific business groups
·         Leverage excel based templates to simulate data using simulation techniques and compute OpVar
·         Operational risk reporting:
·         Reporting of the Bank?s RCSA results to the on an annual basis
·         Reporting of the Bank?s KRI dashboard to the BRC on a quarterly basis
·         Reporting of Quarterly loss data to the Audit Committee
·         Reporting of RCSA results to the ORMC as and when applicable
·         Reporting of KRI dashboard to the ORMC on a monthly basis
 
·         Internal capital adequacy assessment process (ICAAP) for Operational risk:
·         Assist & take ownership in the development of the ICAAP process for Operational risk for the Bank for FSA
·         Assist India to formulate the ICAAP for the Group as a whole (from UK perspective) for Reserve Bank of India (RBI)
·         Outsourcing:
·         Review and enhance / modify outsourcing policy. Policy to be reviewed by the BRC on an annual basis
·         Oversight of Business / Operations conducting risk criticality matrix to ascertain the criticality of all proposed outsourcing arrangements;
·         Document and maintain a schedule of all outsourcing arrangements entered into by the Bank;
·         Report the status of the outsourcing engagement reviews to the Management committee (MC) on a quarterly basis
·         New product and process approval (PAC):
·         Review all PAC notes pertaining to new products / processes with a view to ascertain all risk issues are identified and mitigated / controlled.
·         Maintain a list of PAC notes and review the same on a quarterly basis to the MC
·         Business Continuity:
·         Providing guidance in maintaining the bank?s BCP and providing support to the business groups in testing of group specific plans.
·         Act as a facilitator to the group heads for conducting review of their group specific BCPs.
·         Awareness on BCP to the new joinees by providing training in the induction programme
·         Others:
·         Providing support to the Fraud prevention cell and participate in the Fraud Governance Committee (FGC).
·         Maintain a list of policies for the Bank and review this on a quarterly basis to the MC

Essential
·         Wide-ranging operational risk experience in the financial services environment.
Good understanding of current and anticipated UK, European, Asian and other countries? expectations of risk management systems, procedures and processes.