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Manager, Risk Analytics & Review - ORM Risk Management

Req ID:  4652
Job Description: 

Summary

  • To lead and perform the Operational Risk Review function as well as assist Risk Owners in performing their Operational Risk Interval Validation (ORIV), where applicable
  • To lead the management and implementation of the Operational Risk (OR) Scenario Analysis, where applicable
  • Adept in stepping in as a lead for the daily management and smooth operations of the ORM & BCM System (ORIS). To attend and act as an SME for ORM System matters, including potential enhancement of ORIS that do not require the involvement of vendor.

 

Duties and Responsibilities

  • To perform the Operational Risk Review function as well as assist Risk Owners in performing their Operational Risk Interval Validation (ORIV), where applicable. This includes challenging the identified risks and controls implemented by the Risk Owners to ensure that the operational risks are well managed.
  • To lead the management and implementation the OR Scenario Analysis and Risk Review, where applicable by:
  • Facilitating and assisting the relevant BU/SU in the planning and implementation of the OR Scenario Analysis
  • To facilitate and assist the reviewed BU/SU in ensuring significant operational risks identified through Scenario Analysis are adequately and effectively controlled and monitored so that the OR exposure is reduced to acceptable levels by way of implementing the established internal controls, introducing new mitigation controls and/or take actions to correct deficiencies in the processes, procedures and systems.
  • Adept in stepping in as a lead for the daily management and ensure smooth operations of ORIS. To attend and act as an SME for ORM System matters, including potential enhancement of ORIS that do not require the involvement of vendor, where possible and applicable.
  • To assist SM, Operational Risk Analytics & Review to review to ensure that reportable event(s) and Key Risk Indictors that are to be reported to BNM are accurate and complete. This includes any other information request(s) by BNM.
  • To monitor and control all fraud/ negligence/breach of code of ethics/other loss event cases reported via Loss Event & Fraud Reporting Desk (ORIS) and escalate where necessary.
  • To promote risk-aware culture bank-wide and inculcate a culture that “Managing Risk is Everyone’s Business”.
  • To work towards full compliance to relevant Shariah laws and principles in line with the Bank’s Risk Appetite i.e. zero-tolerance with respect to Shariah Non-Compliance.
  • Ensure adherence and compliance to all internal policies/guidelines and external regulatory requirements as well as international best practices, where possible.
  • Any other duties/assignment as and when directed/assigned by the superior as per business requirement from time to time.