Assistant Manager, Orm Risk Analytics & Review Group Risk Management
Kuala Lumpur, Malaysia
Job Description
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Req ID: 5181
: Summary:
To assist and support:
- Management of Operational Risk Loss Event, KRI & Scenario Analysis to BNM in compliance with the ORION and upcoming Operational Risk Reporting (ORR) Policy, as prescribed by BNM
- Management of Operational Risk Management & Business Continuity Management System (ORIS)
- Preparation of relevant OR Reports to ORCC / MRCC / BRC i.e ORION / BNM ORR report
- Coordination of the Bank\xe2\x80\x99s Operational Risk General Ledger for booking of Operational Risk Actual Loss and Recoveries
- Coordination of Risk Management Division\xe2\x80\x99s responses for the Regulatory Risk Assessment Form (RRAF)
- Coordination of OR Scenario Analysis
- Independent Assessment and Operational Risk Review (IA/ORR) Prioritisation Matrix
- Coordination of Operational Risk Review and Operational Risk Internal Validation (ORIV)
Responsibilities:
- Main ORION / ORR Submission Officer for Operational Risk Loss Event, KRI & Scenario Analysis to BNM in compliance with the ORION Policy and upcoming ORR Policy requirements, as prescribed by BNM
- Perform regular maintenance of ORION / ORR Database to monitor ORION / ORR reportable events
- Ensure ORION / ORR\xe2\x80\x99s reportable loss events, KRI & Scenario Analysis (if any) is reported to BNM in a timely manner as stipulated in the ORION / ORR PD;
- Ensure timely submission of monthly statistical report to BNM.
- Operational Risk Integrated System (ORIS)
- Assist in the daily management of Operational Risk Integrated System (ORIS) operations
- Provide technical support to end users. This involve UAT testing, data preparation and data import, troubleshooting and fixing system issues including liaising with vendor.
- Manage user access requests and license utilization
- Provide guidance to users on the system interface and in navigating the system.
- Preparation of relevant OR Reports to ORCC / MRCC / BRC i.e ORION / BNM ORR report
- Assist in managing the Bank\xe2\x80\x99s Operational Risk General Ledger for booking of Operational Risk Actual Loss and Recoveries:
- Review requests from Business/ Support Units in Oprisk GL Loss booking as well as to facilitate the approval processes
- Liaise with stakeholders with regards to Actual Loss/Recovery cases i.e ORMD, Business/ Support Units, Finance etc.
- Manage/update the loss event records in ORIS on the Actual Loss/Recovery booking in Operational Risk GL to ensure data accuracy and tallies
- Coordination of Risk Management Division\xe2\x80\x99s responses for the Regulatory Risk Assessment Form (RRAF) and submit the approved form to Regulatory Compliance Department.
- Backup for coordination of Risk Management Division\xe2\x80\x99s responses for the Regulatory Risk Assessment Form (RRAF)
- OR Scenario Analysis
- Assist in the implementation and coordination of the various stakeholders in ensuring that the approved scenario simulation exercise is performed effectively, in accordance to the Operational Risk Scenario Analysis Guideline
- Ensuring that the Operational Risk Scenario Analysis Guideline is fit-for-purpose and kept up-to-date
- Independent Assessment and Operational Risk Review (IA/ORR) Prioritisation Matrix
- Assist in driving, coordinating, and collating of the necessary information from the various stakeholders that is required by the Prioritisation Matrix, in accordance with the IA/ORR Prioritisation Matrix Manual
- Engage the stakeholders to formalize the proposed review schedule before obtaining the respective Risk Committees approval
- Operational Risk Review and Operational Risk Internal Validation (ORIV):
- Assist with the development of the year\xe2\x80\x99s review schedule and engaging the necessary stakeholders, in accordance with the approved IA/ORR Review Schedule
- Assist to review and validate various policies/ guidelines/ manuals/ procedures of the Business Unit and Support Unit in ensuring that it meets the minimum adequacy controls standards and viable in mitigating and addressing the risks identified.
- Support in designing and developing the Operational Risk Internal Validation (ORIV) template; utilized by the First Line of Defense to execute and record risk assessments and control testing. Streamline and develop Bank-wide risk management and control evaluation standards and methodology where appropriate.
- Evaluate previous handling of risks and compare potential risks with criteria set out by the Bank such as risk prioritization matrix and regulatory requirements.
- Validate and challenge the results of operational risk management activities of the Business Unit and Support Unit and evaluate potential risk exposures or gaps.
- Provide Operational Risk Advisory to the respective reviewed parties, not limited to introducing new mitigation controls to prevent risk events, where possible
- Provide Operational Risk Advisory to the respective First Line of Defense, where possible.
- Research and review industry best practices with regards to ORM, and by applying the information derived and reviewing existing policies, strategies, and procedures, ensure continuous improvement of the Bank\xe2\x80\x99s ORM approach, including recommending to management regarding improvement opportunities.
- Facilitate in ORM related training to Bank\xe2\x80\x99s appointed Business Unit and Support Unit Head of ERU/ BRO/ SRO and Risk Controller/Coordinator as and when required.
- Assist Senior Management in execution of strategies, plans and other matters as needed.
- Ensure adherence and compliance to all internal policies/guidelines and external regulatory requirements.
- Any other duties/assignment as and when directed/assigned by the superior as per business requirement from time to time.
Requirements:
- Degree in any related discipline or equivalent experience
- Experience in banking operations (Branches and Head Office) Compliance, Audit and Risk Management is an added advantage
- At least 3 to 4 years\xe2\x80\x99 experience in Risk Management for Banking Industry
- Excellent writing, presentation & analytical skills
- Strong managerial skill as well as good team player
- Strong people skill with ability to influence others
- Excellent communication and interpersonal skills with good business acumen
- Deep appreciation of process risk & control, critical & analytical
- Ability to multi-task, highly numerate with great attention to details
- To continuously promote risk culture and build risk awareness within the Bank\xe2\x80\x99s employee.
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Job Detail
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Job IdJD914708
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationKuala Lumpur, Malaysia
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EducationNot mentioned