Risk Controller

Job Description

Job Purpose

• Assist the UNIT MANAGER in coordinating, driving and directing effective compliance with the prescribed operational risk management framework.
• Support SORO/UORM /Unit Manager in driving the implementation of effective controls to minimize / mitigate operational impact.
• Continuous monitoring for effectiveness and efficiency of controls leading to effective management of Operational Risk.
• Drive the understanding and practice of Operational Risk within the Unit
• Suggest / Facilitate Implementation of controls within the business unit to meet all regulatory and internal requirements.
• Support UORM/SORO in implementation of OR policy guidelines , review of existing control checks/CST and process reviews
• Support in smooth conduct of Unit Level Risk Committee Meeting

The Role ResponsibilitiesRisk Management

• Compliance with all relevant Group Credit Policies & Procedures related to Client Coverage (CCIB)
• Compliance with all relevant Group Money Laundering Prevention Policy
• Compliance with Group Operational Risk procedures

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Lead the CLM Ops GBSIN to achieve the outcomes set out in the Bank s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.] *
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

• Unit Line Managers and Process Owners within and outside of the unit in the management of controls
• Peer RPs in other units in managing cross functional risks and sharing of best practices
• UORM/SOROs for advice and guidance and steering with regards to group initiatives
• Group Operational Risk (GOR) for interpretation and effective implementation of its Policy and Procedures
• Legal & Compliance for interpretation of and consultations on regulatory requirements.
• Group Internal Audit and external auditors on audit and reviews.

Other ResponsibilitiesRisk Reviews

• Execute risk / control reviews as per plans and in consultation with the UNIT MANAGER/UORM
• Track to closure, all actions and risks arising from the reviews
• Ensure that the affected Unit is sufficiently prepared for upcoming audits
• Review and advice UNIT MANAGER /UORM on the adequacy of management response to audit findings for the Unit
• Monitor and track progress and timely closure of audit findings
• Share thematic risk & audit findings across units.
• To ensure updating of all risk/loss related issues in Phoenix and escalation to Unit Manager/UORM as applicable.
• Compliance with all applicable process procedures, guidelines, rules & regulations of company and Group Policies relating to Risk.
• Ensure unit specifically complies with Group Money Laundering Prevention / Sanctions Policies and Procedures to the extent applicable and reports all suspicious transactions to the risk authorities and stakeholder groups.

Process Risk Analysis (PRA)

• Execute PRAs as initiated by UNIT MANAGER/UORM, to support efforts in reviewing process and control effectiveness and risk identification (in consultation with Process Ownership)
• Track to closure, all actions arising from PRAs
• In conjunction with guidelines in force, facilitate to design and propose control enhancements to UNIT MANAGER for consideration
• Ensure the Risk Register is updated and approved for the unit

Risk Committee Meetings

• Facilitation of pack production for the unit risk committee meetings.
• Provide challenge to ensure robust compliance to OR policies and framework
• Submission of risk and control related details to functional risk forum within schedule and at the required quality
• Facilitate, Coordinate and consolidate operational risk and loss reporting of the unit for the reporting to the BORG, UNIT MANAGER and Business Unit Head. Ensure data accuracy and completeness.

Root Cause Analysis (RCA)Assist the Unit Manager / Department heads to complete the Root Cause Analysis (RCA) report for below events:

• Audits rated Failed or Improvement required for Critical Processes
• Material negative regulatory findings for Critical Processes
• Single operational risk event where the gross financial loss is greater than or equal to USD 10K
• Single operational risk events where the actual or potential impact relating to Compliance, Reputational, Information and Cyber Security, Safety & Security impact is rated 2 - 5

Management Information

• Ensure integrity of source and the processing of data to deliver accurate representation in management information.

Validation of Controls: Key Control Self Assessments (KCSA) or Control Sample Testing / Key Risk Indicators (KRI) & Key Control Indicators (KCI)

• Continuous monitoring of key controls. Validate sampling techniques, results and exceptions arising thereof
• Obtain, agree and track to closure of treatment plan from responsible parties
• Provide UNIT MANAGER periodical view of status and progress
• Contribute towards / Facilitate implementation of control measures and monitoring plans for compliance and operational risk management. Ensure effectiveness of controls for compliance monitoring and risk management.

Issue Management (records in EORP)

• Investigate, document and report risk events and treatment plans on EORP in conjunction with Unit Managers and keep them updated
• Ensure that the OLEs and ORIs are updated and approved on a timely manner

Key Relationship

• Unit Line Manager and Process Owner within and outside of the unit in the management of controls.
• Peer RCs in other units in managing cross functional risks and sharing of best practices
• UORM/SOROs for advice and guidance and steering with regards to group initiatives
• Group Operational Risk (GOR) for interpretation and effective implementation of its Policy and Procedures
• Legal & Compliance for interpretation of and consultations on regulatory requirements
• Group Internal Audit and external auditors on audit and reviews

Key MeasurablesThe performance of the Risk Controllers will be measured by:

• Effectiveness of the controls and monitoring of operational risks and control at the Unit level.
• Zero overdue actions arising from PRAs, Risk Reviews, Control exceptions, audit findings
• Satisfactory results on audits undertaken by Group Internal Audit, FSA, regulators and external auditors (relating to the unit)
• Timely reporting and escalation of all operational risk exposures and control failures to comply with OR policies and framework
• Monitoring and adherence to timeliness on Risk & Control or Group initiatives
• Cross team collaboration proactive engagement with stakeholders

Apply now to join the Bank for those with big career ambitions. To view information on our benefits including our flexible working please visit our career pages . We welcome conversations on flexible working.,

Keyskills :
root cause analysisoperational risk managementroot causerisk reviewsrisk analysisinternal auditcyber securityrisk managementclient coverageoperational riskfinancial marketspoliciesprocedures