We are seeking a highly skilled and experienced Operational Risk Manager to join our dynamic Risk Management team. The Operational Risk Manager will be responsible for identifying, assessing, monitoring, and mitigating operational risks across the organization. The ideal candidate will possess a strong background in risk management, excellent analytical skills, and the ability to work effectively in a fast-paced, collaborative environment.
Key Responsibilities:
- Risk Identification and Assessment:
- Identify and assess operational risks across various business units and processes.
- Develop and maintain risk registers, ensuring comprehensive documentation of identified risks.
- Conduct regular risk assessments and scenario analyses to evaluate potential impacts on the organization.
- Risk Monitoring and Reporting:
- Monitor key risk indicators (KRIs) and other metrics to identify emerging risks and trends.
- Prepare and present risk reports to senior management, risk committees, and other stakeholders.
- Ensure timely escalation of significant risk issues to appropriate governance bodies.
- Risk Mitigation and Control:
- Develop and implement risk mitigation strategies and action plans in collaboration with business units.
- Review and enhance internal controls, policies, and procedures to address identified risks.
- Conduct regular control testing and assessments to ensure effectiveness and compliance.
- Incident Management:
- Investigate and analyze operational risk incidents, identifying root causes and recommending corrective actions.
- Maintain an incident database and ensure timely reporting and resolution of incidents.
- Facilitate lessons learned sessions to prevent recurrence of similar incidents.
- Regulatory Compliance:
- Stay abreast of regulatory requirements and industry best practices related to operational risk management.
- Ensure compliance with relevant regulations and standards, including Basel III, SOX, and other applicable frameworks.
- Coordinate with compliance teams to integrate regulatory requirements into the risk management framework.
- Training and Awareness:
- Develop and deliver operational risk training programs for employees at all levels.
- Promote a risk-aware culture across the organization through communication and awareness initiatives.
- Provide guidance and support to business units on risk-related matters.
- Risk Management Framework:
- Contribute to the development and enhancement of the organization's operational risk management framework.
- Participate in risk management projects and initiatives, providing subject matter expertise.
- Support the implementation of risk management tools and systems.
Qualifications and Skills:
- Education: Bachelor’s degree in Finance, Business Administration, Risk Management, or a related field. Advanced degree (MBA, MSc) or professional certifications (FRM, PRM, CPA) preferred.
- Experience: Minimum of 7-10 years of experience in operational risk management, internal audit, or related roles within the financial services industry.
- Technical Skills: Strong knowledge of risk management frameworks, methodologies, and regulatory requirements. Proficiency in risk assessment tools and techniques.
- Analytical Skills: Excellent analytical and problem-solving skills, with the ability to interpret complex data and identify key risk drivers.
- Communication Skills: Strong verbal and written communication skills, with the ability to present complex information clearly and concisely to various stakeholders.
- Leadership: Demonstrated leadership and project management skills, with the ability to lead cross-functional teams and drive risk management initiatives.
- Interpersonal Skills: Strong interpersonal and relationship-building skills, with the ability to work collaboratively with business units and senior management.
- Attention to Detail: High level of attention to detail and accuracy in work deliverables.
- Adaptability: Ability to work effectively in a fast-paced, dynamic environment, managing multiple priorities and deadlines.
Preferred Qualifications:
- Experience in implementing and managing risk management systems and tools.
- Knowledge of data analytics and business intelligence tools (e.g., Tableau, Power BI).
- Experience in regulatory compliance and audit functions.
- Familiarity with emerging risk areas such as cybersecurity, data privacy, and third-party risk management.