Assistant Manager Operational Risk Assessment

Job description / Role

Employment: Full Time

Job purpose

To conduct operational risk assessment of the bank's departments in line with the risk management framework. Review the bank's new product programs, policies, procedures, cycle re-engineering, and any amendments thereof to ensure efficiency and effectiveness of processes and controls.

• Perform periodic risk assessment of all departments of the bank in line with the board approved risk management framework.
• Develop and implement the risk assessments quality review plan of all departments of the bank.
• Review drafted new product programs, policies, procedures, proposed memos. Highlight gaps in controls and inefficiency in process flows.
• Represent risk management in the committees formed for launching new products, process cycle re-engineering, new policies and procedures development, and any subsequent amendments thereof. Share proposals, concerns, and suggestions to mitigate the identified risks.
• Liaise with stakeholders to discuss inherent risks in the process, areas of concern, assess overall residual risks of unresolved concerns, and recommend enhancements.
• Review final documents stated above, highlight unresolved concerns, discuss with stakeholders, and assess overall residual risks of unresolved concerns.
• Follow up with the concerned departments for the revision of the policies and procedures in order to present changes for stakeholders' review and document changes through the policies and procedures department.
• Ensure adherence of all documentation and activities as per the bank's SOPs, SLAs, and regulatory and audit requirements.

• Minimum bachelor's degree in economics, accounting, risk management, business administration, marketing, banking, or similar subjects.
• Certifications in risk management, process/system audit, or marketing are preferred.
• At least 4-6 years of banking experience with relevant knowledge of banking operations and products.
• Former experience in risk management, process audit, or product development is preferred.

Company Industry: Marketing, Advertising & PR

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