Orion Officer, Orm Risk Analytics & Review Group Risk Management
Kuala Lumpur, Malaysia
Job Description
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Req ID: 5201
: Summary: To lead:
- OR Scenario Analysis
- Operational Risk Review and Operational Risk Internal Validation (ORIV)
- Management of Operational Risk Management & Business Continuity Management System (ORIS) & the ORIS Enhancement Project
- Independent Assessment and Operational Risk Review (IA/ORR) Prioritization Matrix
- Operational Risk Loss Event Reporting to BNM in compliance with the ORION Policy requirements and upcoming Operational Risk Reporting (ORR) Policy, as prescribed by BNM
- Coordinator for Risk Management Division\xe2\x80\x99s responses for the Regulatory Risk Assessment Form (RRAF)
- Preparation/review of relevant OR Reports to ORCC / MRCC / BRC
To lead
- OR Scenario Analysis
- 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
- Engage the stakeholders to formalize the proposed review schedule before obtaining the respective Risk Committees approval to initiate the Operational Risk Review and Operational Risk Internal Validation (ORIV) in ensuring Business Unit and Support Units\xe2\x80\x99 risks and controls are in compliance with the Bank\xe2\x80\x99s / Regulator\xe2\x80\x99s ORM Policy and Guideline:
- Guided by Independent Assessment and Operational Risk Review (IA/ORR) Prioritisation Matrix
- Assist in 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 in the 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.
- Supporting the development of 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.
- Supporting the evaluation for previous handling of risks and compare potential risks with criteria set out by the Bank such as risk prioritization matrix and regulatory requirements.
- Assist in validating and challenging 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
- Follow-up with Business Unit and Support Unit to ensure implementation on recommendation/action point is completed within the specified timeframe.
- Operational Risk Management & Business Continuity Management System:
- Alternate in the management the day to day 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
- Provide support in managing user access requests and license utilization
- Provide guidance to users on the system interface and in navigating the system.
- Ensure that enhancement to ORIS meets the designated timeline and budget, as well as objectives
- Assist in ensuring the Operational Risk Loss Event reporting to BNM in compliance with the ORION Policy requirements and upcoming Operational Risk Reporting (ORR) Policy, as prescribed by BNM
- Submission of monthly statistical report to BNM.
- Independent Assessment and Operational Risk Review (IA/ORR) Prioritisation Matrix
- Alternate to driving and coordinating for the collation of the necessary information from the various stakeholders that is required by the Prioritisation Matrix, in accordance with the IA/ORR Prioritisation Matrix Manual
- Custodian of the Bank\xe2\x80\x99s Operational Risk General Ledger for booking of Operational Risk Actual Loss and Recoveries:
- Liaise with Finance Division regarding Actual Loss/Recovery cases
- Manage the RLEMR Database and ORIS including the Actual Loss/Recovery booking in Operational Risk GL. Ensure the data is accurate and tallies
- Alternate coordinator for Risk Management Division\xe2\x80\x99s responses for the Regulatory Risk Assessment Form (RRAF) and submit the approved form to Regulatory Compliance Department.
- Provide Operational Risk Advisory to the respective First Line of Defence, where possible
- Support in the preparation/review of relevant OR Reports to ORCC / MRCC / BRC
- 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.
- Conduct and assist 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.
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Job Detail
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Job IdJD911618
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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