Job Summary
The Operational and Resilience Risk Officer has the responsibility to actively support the Operational and Resilience Risk Manager in implementing all aspects of the Operational Risk and Resilience Management Framework (ORRMF) as well as its supporting standards. The Operational Risk officer underpins the Operational Risk Department on overseeing implementation of the the requirements of the Enterprise Risk Management Framework (ERMF).
Reporting directly to the Operational and Resilience Risk Manager, this role encompasses executing, supporting, overseeing and challenging activities under the mandate of the Operational and resilience risk department. The ORRRO supports on the assurance of the integrity and resilience of the operations of the bank while providing independent oversight and challenge to the first line of defense.
It is expected that this position is aligned with the values of the institution, improving the risk culture and ensuring that Business has a risk partner who will be supporting it in the pursuit of its objectives using a variety of existing approaches to risk management as determined by the existing governance.
Job Description
Oversight and Challenge:
- Support with analysis to the Operational and Resilience Risk Manager to provide independent oversight and challenge to the first line of defense regarding Operational Risk, Fraud Risk, and resilience Risk management activities as defined within the Enterprise Risk Management Framework (ERMF) and Operational and Resilience Risk Management Framework (ORRMF) and its supporting standards.
- Conduct reviews and assess the adequacy and effectiveness of Risk management processes, controls, and strategies implemented by business units.
- Identify areas of concern or potential weaknesses and work collaboratively with the first line to address and mitigate Risks.
Risk Management and Report:
- Collaborate with various departments to measure, analyze, and report Operational, and Resilience Risk.
- Support the Operational and resilience Risk Manager on: Coordinating the development and maintenance of a robust Risk reporting frameworks to ensure accurate and timely reporting to senior management and relevant stakeholders (ERC, CMC and Board), highlighting key Risk exposures and mitigation efforts.
- Preparation of comprehensive reports on the status of Operational, and resilience Risk management activities, including findings, recommendations, and action plans, or any other important theme impacting on the Risk environment for presentation to senior management and board committees.
- Preparation of technical reports and support the Manager with inputs, insights and recommendations supporting an informed decision-making and strategic planning in all the Operational Risk Reports or the reports under the responsibility of Operational and Resilience Risk.
Monitoring, Testing, and Combined Assurance:
- Conduct regular monitoring activities when required, to identify emerging Operational, and resilience Risks, as well as control deficiencies.
- Facilitate the implementation of testing programs to assess the effectiveness of existing controls and procedures in mitigating identified Risks.
- Conduct testing when required in support of request allocated to the area;
- Support timely execution of the combined assurance plan by all assurance providers, internal audit, compliance, Governance and Control and other assurance functions to achieve combined assurance objectives, ensuring alignment and collaboration among assurance providers to optimize Risk coverage and minimize duplication as well as proactive escalation where required;
Conformance Review:
- Perform conformance reviews to evaluate compliance with internal policies, external regulations, and industry best practices related to Operational Risk, Fraud Risk, and resilience Risk management.
- Recommend corrective actions and enhancements to improve control effectiveness and Risk mitigation strategies.
Control Assessment:
- Ensure full adoption of the Critical Process Assessment (CPA) Standard/ Risk and Control Self-Assessment (RCSA) Standard during the refresh process,
- Review and challenge on process implementation and Control Testing for CPAs and RCSA;
System Support:
- Ensure all the relevant stakeholders queries and difficulties on the systems where Operational Risk modules are housed and/or are attended to and resolved within the SLA.
Education
- Diploma Superior: Estudos de Negócios, Comércio e Gestão (Obrigatório)
Data de término: 20 de novembro de 2024
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