Associate Manager - CPBB BRM

Job Description

*The Role ResponsibilitiesRisk ManagementIdentifying Risk from KCSA exception, Key Risk Indicator, audit points, Operation Losses and near miss, then assessing the risk and ensuring appropriate mitigating action is implemented and monitoring progress.Assist Business Unit Head and SORO in coordinating, driving and directing effective compliance and Operational risk management at the Business unit level.Establish the First Line of Assurance in the Business unit by implementing a program of Key Control Self Assessment / Control Sample Testing.Effective management of Operations Risk within the business unit including ensuring the proper functioning of embedded and periodic controls.Ensure proper functioning of day-to-day controls, periodic monitoring activities and timely resolution of risk issues.Implement controls within the Business unit to meet all regulatory and internal policy requirements.Escalation of Risk related KCSA exceptions / to BORC.Timely identification and escalation of Risk issues.GovernanceRisk GovernanceAssist SORO in the implementation of OR framework or other relevant OR initiatives.Ensure, jointly with the Business / Function, that the business heads and relevant staff understand and accept their risk management responsibilities in relation to operational risk.Co-ordinate periodic business monitoring (self-assessment) activities within the Business Unit and escalate findings and or breaches to Business Unit Head and SORO, when they occur.Design and implement control measures and monitoring plans for compliance and operational risk management. Ensure effectiveness of controls for compliance monitoring and risk management.Ensure smooth conduct of BORC and other unit level risk related meetings and ensure quality / accurate updates of various OR events and initiatives.Support the initiatives and risk reviews driven across the hub.Risk AppetiteAssess periodically the unit s operational risk profile and maintain alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors.Review and challenge the existing process to identify the gaps on Systems Design, Systems Control, Process Design and Process Control.Engage closely with Peer Groups within Hubs to share the lessons learnt, process gaps and adhere to effective control measures.Risk Control Ownership of Operational RiskImplement approved plans / Recommend for implementation of enhanced / new control measures and monitoring plans for compliance and operational risk management.Ensure effectiveness of controls for compliance monitoring and risk management Challenge the completeness of risk identification, monitoring and control activities and identify / address any significant gaps that may exist between them.Ensure compliance with Operational Risk policy and procedures.Risk Identification and AssessmentValidate and challenge risk identification and assessment of gross and residual risks arising from executed processes and identify any gaps.Assess the control environment including, but not limited to, control design, control execution, control testing and control history.Recommend changes to the control environment or to business practice to reduce the level of operational risk exposures.Validate Business / Functions Controls - Regularly assess implementation of Business / functions Key Control Standards as defined by the business to ensure cost effectiveness, efficiency and relevance.Optimise portfolio of local controls - Regularly assess existing Local Key Control Standards, Key Risk Indicators (KRIs) and Key Control Indicators (KCIs) to ensure cost effectiveness, efficiency and relevance.Provide balanced and informed assessment of operational risks arising from acquisitions and major change initiatives or country projects, where applicable.Identify Local Control Gaps - Regularly assess all key controls against the risk profile to monitor exceptions and identify gaps.Propose effective process controls where there are material risks of process control failure.Risk AcceptanceReview and recommend for approval risk record templates within the unit for Local KCSAs / CSTs.Recommend for approval the classification and accurate reporting of operational risk events and the appropriateness of mitigation actions.Challenge and recommend on relevant business activities where risks are not aligned with control requirements or risk appetite.Escalate Risks according to the Risk Acceptance policy.Risk MonitoringCo-ordinate and consolidate operational risk and loss reporting of the unit for the reporting to the BORC, SORO and Business Unit head. Ensure data accuracy and completeness.Periodically review operational risk assessments to ensure these appropriately reflect changes in environment, mitigating controls and the progress of treatment plans.Ascertain and confirm that KRIs, KCIs, and Key Control Self Assessment (KCSA) or Control Sample Testing (CST) as approved, are effectively implemented.Systematically monitor process control effectiveness where there are material risks of process control failure.Escalate significant events to Business Unit Head / SORO / Business Head as appropriate.Proactively communicate with the Business Unit Head and SORO on operational risk issues.Monitor treatment plans to ensure they are implemented accordingly by the business.Lead and support implementation of OR initiatives for the Business unit.Review and Recommend for approval for annual key control testing plans.Review and recommend for approval risk treatment plans.Risk and Loss ReportingProvide risk information / updates to functions / domains / Country GTO Operational Risk Committee (GTO FORC) as appropriate.Facilitate units for conducting Root Cause Analysis (RCA) reports for relevant events.Support SORO in reporting and escalating Significant Operational Risk Events (SORE).Validate the classification and accurate reporting of operational risk losses.Regulatory and Business ConductDisplay 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 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.Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association.Key StakeholdersInternalSORO, and RPs undertaking business monitoring in various unitsBusiness Head and Unit ManagersTraining Manager(s)LegalGIACTMExternalOperational risk management, money laundering prevention, compliance and financial crime issues.Coordinating operational risk, compliance and money laundering prevention training for staff.System Implementation, enhancement, user requirements and reporting requirements.Interpretation of and consultations on regulatory requirements.Operational risk management and compliance initiatives.Inspection and regulatory requirements (as required).Audit and reviews.Key MeasurablesThe performance of the UORM will be measured byCross team collaboration and leadership skills - proactive engagement with Business unit head and all responsible persons in the unit.Effectiveness of the control and monitoring of Operational risk, compliance risk and money laundering prevention at the Business Unit level.Timely communication of changes to the regulatory environment and Internal policies from Legal and Compliance and Operational Risk Management Group.Satisfactory results on audit undertaken by Group Internal Audit, regulators and external auditors.Timely reporting and escalation of all operational risk exposures.Our Ideal CandidateCore knowledge in retail banking with risk certificationsRole Specific Technical CompetenciesRisk experience and certificationRetail Banking backgroundGood communication,

Keyskills :
salesmanagementmiscustomer relationsqualityboard of directorsroot cause analysisoperational risk management