• VP - Finance Operational Risk Jobs in Chennai,India - 24977884

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

Job Description:

We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East

To us, good performance is about much more than turning a profit Its about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good

Were committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation This in turn helps us to provide better support to our broad client base

The Role Responsibilities

ORF (Operational Risk Framework) implementation in Finance

Drive the implementation of the ORF/EORP in Finance and provide thought leadership
Ensure that the ORF is embedded and used effectively across Finance
Ensure all processes in the Finance Process Universe are identified, owned, recorded, mapped, standardized (with the exception of local requirements), risk assessed (with the identification of critical processes), controlled, monitored and reported
Ensure the monitoring of governance and risk control processes in Finance including various performance matrices as part of ORF
Assess the effectiveness and efficiency of the risk framework for Finance
Assess the accuracy of the residual risk rating for critical processes in Finance
Assess the effectiveness and adequacy of Control Sample Testing for critical processes in Finance
Run an effective Risk Acceptance process in Finance and ensure the relevant reporting with GOR is covered
Partner with various Business Unit Heads / Stake holders risk related activities Engage with senior stake holders for a smooth transition post implementation
Strong knowledge around Process Universe and Taxonomy across Finance to provide comfort to the framework
Work on automation opportunities around risk reporting mechanism

Monitoring, anticipation, escalation, detection, mitigation and prevention of operational risk and operational losses in Finance

Ensure top risks and associated tolerances are current and are regularly reviewed and reported
Monitor operational risk, operational losses, risk events in Finance
Actively work on risk mitigation and root cause analysis where required

Partnership with other risk management stakeholders

Group Operational Risk Maintain an effective partnership and engagement with Group Operational Risk
Partner with other risk stakeholders including Group Investigations, Compliance, Conduct, Anti-Bribery & Corruption, Group Internal Audit etc
Work with global teams to promote the understanding of policy and risk parameters and promote the understanding of ORF

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Banking
Functional Area : Banks/Insurance/Financial Services
Role : Risk/Credit/Economic Analyst
Salary : As per Industry Standards
Deadline : 06th May 2020

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