• Senior Operational Risk Manager Jobs in Hong Kong - 25250717

  • Standard Chartered Bank Ltd
  • Hong Kong
  • Save Job
  • 0 - 3 Years
  • Posted : above 1 month

Job Description:

Validate and challenge the 1st line Technology and Functions risk identification and assessment of gross and residual risks arising within the end to end processes
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 where necessary to reduce the level of operational risk exposure to within the agreed appetite Ensure such changes are agreed with the global process owners and the global OR officers for that function prior to in-country implementation
Review the design of effective process controls by the 1st line Technology and Functions to manage all material risks linked to the process control failure
Identify local process & control gaps and deviations from the group standard processes - regularly assess all key controls against the country risk profile to monitor exceptions and identify gaps
Provide a balanced and informed assessment of all operational risks arising from acquisitions or major change initiatives or projects within the country

Risk Acceptance

Review risk record templates for acceptance of medium, high and very high country level risks
Challenge the Technology and Functions risk management activities where risks are not aligned with the control requirements or risk appetite
Sign off on new products from the OR Technology perspective

Risk Monitoring

Ensure residual risk assessments are performed at appropriate frequency by the 1st line Technology and Functions and reviewed and approved by the 2nd line SORO This includes ensuring completeness, accuracy, and timeliness
Periodically review operational risk assessments to ensure these appropriately reflect changes environment, mitigating controls and the progress of treatment plans
Systematically monitor process control effectiveness where there are material risks of process control failure
Conduct periodic assurance over process, control and risk metrics for completeness, accuracy, and timeliness, of KRIs and KCIs Ensure any issues identified are remediated in a timely manner
Review and update annual key control testing plans

Risk Management

Identify root cause of control defects highlighted during control testing and ensure there are appropriate plans in place owned by the 1st line Technology and Functions to remediate
Ensure that effective management response plans are in place to respond to extreme but plausible scenarios

Risk & Loss Reporting

Ensure that the risks requiring acceptance as escalated as per the policy for operational risk assessment and acceptance
Approve the classification and accurate reporting of operational risk losses
Report and escalate significant operational risk events (SORE)
Ensure the 1st line Technology and Functions provides Root Cause Analysis (RCA) / Root Cause Review (RCR) reports for relevant risk events
Provide risk information / updates to the Executive Risk Committee (ERC)

Stress testing

Participate in a stress test and scenario programme for operational risk [as part of ICAAP], review the results and assess their implications
Ensure that operational losses, near misses and audit fails are escalated to the group function in a timely fashion
Contribute the relevant scenarios to perform stress testing relevant to the business/function, review the results and assess their implications
Support the preparation and ensure the delivery of RCA for unsatisfactory operational risk as per the procedure

Strategy & Planning

Inform the development of in-country business plans, exercising appropriate focus on the implementation of robust operating environments, within risk appetite, to support business aspirations

Regulatory & Business conduct

Display exemplary conduct and live by the Groups 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
Contribute to the Hong Kong Operational Risk function to achieve the outcomes set out in the Banks Conduct Principles Fair Outcomes for Clients; Effective Operation of Markets; Financial Crime Prevention; The Right Environment
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters

Our Ideal Candidate

Operational risk management experience
An in-depth understanding of the technology risk/control environment
A clear understanding of the Banks approach to the management of operational risk, or equivalent experience gained in other organisations
Ability to leverage resources across the organisation to complete deliverables
Sound judgement and courage necessary to perform a control role and maintain effective working relationships
The following Professional Level certificates are recognized under the ECF-C, HKMA

CSX Specialist Certificate (CSX-S)
CSX Expert Certificate (CSX-E)
ISACA Certified Information Systems Auditor (CISA)
ISACA Certified Information Security Manager (CISM)
ISACA Certified in Risk and Information Systems Control (CRISC)
ISACA Certified in the Governance of Enterprise IT (CGEIT)
ISC Certified Information Systems Security Professional (CISSP)
ISC Certified Cloud Security Professional (CCSP) professional (CCSP)

Apply now to join the Bank for those with big career ambitions

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Banking
Functional Area : IT Software : Software Products & Services
Role : System Security
Salary : As per Industry Standards
Deadline : 26th May 2020

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