Operational Risk Senior Manager Job Description

Operational Risk Senior Manager Job Description

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Operational risk senior manager provides input and analysis to support continuous improvements to operational risk-related processes within the Commercial Banking Compliance and Operational Risk team.

Operational Risk Senior Manager Duties & Responsibilities

To write an effective operational risk senior manager job description, begin by listing detailed duties, responsibilities and expectations. We have included operational risk senior manager job description templates that you can modify and use.

Sample responsibilities for this position include:

Demonstrate to multiple regulators and external auditors, in different jurisdictions around the world and to internal auditors, that the firm's businesses have sound operational risk management practices
Support the business units in the development of its operational risk management programs, in responding to regulatory requests for operational risk-related information
With the support of the Operational Risk Head, scope out the most efficient and practical way to implement the Operational Risk Management Program throughout the Asia division ("the Division") with particular focus on leveraging existing people, processes and systems and ensuring processes are sustainable once implemented
Train Business Unit resources to implement the operational risk management program within their Business Unit, including conducting Risk Control Self Assessments, collecting Loss Data, tracking Key Risk Indicators, and preparing Risk Dashboards/Reports
Working closely with the country Chief Risk Officers, play a leadership and advisory role to help the Business Units assess the best way to implement the operational risk management program
Coordinating the periodic representation process by senior management
Coordinating the Business Continuity Management plan for ANZ
Policies and Standards - To develop and ensure effective implementation of the ORM policies and standards at the Group and Local level
Operational Risk Oversight - To monitor the risk exposure and challenge/ oversee the 1st line of defense activities
Assist the CRO of the Intermediate Holding Company in performing second line duties required by FBO regulation

Operational Risk Senior Manager Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Operational Risk Senior Manager

List any licenses or certifications required by the position: ISACA, CRISC, ISRP-SCO, CEH, AMA, EORM, CMQ, CSP, ORM, CISM

Education for Operational Risk Senior Manager

Typically a job would require a certain level of education.

Employers hiring for the operational risk senior manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Business, Accounting, Management, Economics, Law, Graduate, Education, Engineering, MBA

Skills for Operational Risk Senior Manager

Desired skills for operational risk senior manager include:

Ability to navigate company risk policies and standards
Control processes and best practice in relevant controls
Leading and managing the execution of processes
Operations within a financial services organization
Projects and tactics within one area
SOX
Unclaimed Property and general insurance accounting/compliance standards are
Asset management business
Measuring operational risk
Operational risk management

Desired experience for operational risk senior manager includes:

10+ years experience with specific knowledge of processes and products within the particular Platform
University degree with focus in risk, legal or finance or a related field of study
Local communication, roll out and adaptation of the risk frameworks and policies
Regular monitoring and reporting of market or liquidity risk exposures, ensuring early detection and appropriate escalation
Keeping appraised of ongoing business developments and escalation of any identified issues with the potential to compromise the overall business risk appetite
Effective second line of defense engagement for operational risk matters across different business environments and multiple geographies

Operational Risk Senior Manager Examples

1

Operational Risk Senior Manager Job Description

Job Description Example
Our company is hiring for an operational risk senior manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for operational risk senior manager
  • Work collaboratively with Technology & Operations Operations Risk Management (ORM), EORM on Operational Risk Management programs structure, implementation and management
  • Lead implementation of Operational Risk Management Programs across Global Technology & Infrastructure (GTI)
  • Lead the implementation of Operational Risk management Framework, GTI Enterprise Risk Control Framework, projects and processes that mitigate ORM risk in GTI areas
  • In partnership with EORM and T&O ORM, build the annual GTI Operational Risk Management plan, lead delivery across GTI and report findings to GTI Management
  • Guides operational risk management leadership within T&O including providing expertise, advice and counsel to senior management, enhancing their ability to anticipate and manage operational risks effectively
  • Support the management in the enhancement and continuous improvement of operational risk management practices and capabilities
  • Building strong working relationships with financial control teams and other finance staff involved in the operation of the FCF
  • Continuously exchange views with senior PB and ShS Management in the region
  • Provide Operational Risk transparency on the PB business portfolio in the region via engagement with key stakeholders and escalation of issues to regional business partners and relevant bank bodies
  • Identify key operating risks and material control issues
Qualifications for operational risk senior manager
  • Proven people management and coaching skills with demonstrated experience in identifying and growing talent
  • Ability to work in ambiguity, must be flexible to deal with changes in a fast paced and new environment, working closely with peers where subject matter expertise is required
  • Experience assessing risk and challenging the status quo
  • The role requires the incumbent to have a broad and in-depth knowledge of IT Operations, regulatory environment and key technology risks
  • Experience in senior level roles in the Technology Solutions field and the Risk Management field
  • Ability to assimilate information quickly and motivate individuals
2

Operational Risk Senior Manager Job Description

Job Description Example
Our innovative and growing company is hiring for an operational risk senior manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for operational risk senior manager
  • Maintain and refine the enterprise-wide risk assessment framework as it pertains to Information Security
  • The Senior Manager will be responsible for coordinating and supervising the daily activities of operational risk reviews of the business
  • Directly handles risk areas of a more complex or sensitive area
  • Actively participates in controls assurance planning
  • Prepares clear and well-organized review work papers that appropriately document the work performed
  • Facilitation and oversight of the implementation of the ORMF with a technology focus, including providing insight to the Board on the same
  • Understanding the business and technology risk profiles and key processes and where appropriate act as a catalyst for change
  • Reviewing and challenging technology risk reporting, assessments, incidents and assurance activities
  • Applying analytics to operational risk data to identify risks and trends to improve technology risk management
  • Provision of insights and advice to businesses on the best practice for design, measurement, analysis, evaluation and reporting of technology operational risk
Qualifications for operational risk senior manager
  • Minimum of 2 years of experience creating and delivering to all levels of an organization including senior leadership
  • Experience leading multiple initiatives and achieve performance goals in a high volume environment
  • Lead for the development of a bank wide framework on the identification, documentation and
  • Project Management experience will be an advantage, specific to large scale enterprise-wide technology projects, in addition to experience of detailed data analysis
  • Highly developed business acumen, and pragmatic approach to solving problems and implementing solutions
  • In depth understanding of operational procedures at financial institution (preferably insurance)
3

Operational Risk Senior Manager Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of operational risk senior manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for operational risk senior manager
  • Instructs more junior professionals on improving compliance with the Corporate Operational Risk Management framework
  • Develop and ensure implementation of Unit-specific operational risk policies, where relevant and
  • Ensure timely completion of quality RCSA and provide guidance on the identification / assessment of risks and controls
  • Manages exempt-level staff
  • Responsible for developing on-going relationships with both 1st and 2nd Lines of Defense at senior levels across Asia Pacific with the aim of drawing out and understanding their key risk issues and both challenging and facilitating the actions plans that they have in place
  • Lead a review of risk event identification, collation and reporting processes in Asia Pacific to compare to best practice standards
  • Participate in New Business and Project Risk Workshops and direct discussions which draw out potential risks and ensure that appropriate actions plans are implemented
  • Rollout and monitor Asia Pacific risk appetite framework
  • Oversee execution and perform a review and challenge of Asia Pacific Risk and Control Self Assessments as appropriate and assist in the follow up of outstanding actions
  • Develop and maintain top down risk reporting for senior management committees, such as “Top Risks” or “Emerging Risks”, which illustrate risks holistically across the organisation and link into Risk Assessments and scenarios
Qualifications for operational risk senior manager
  • Related risk frameworks (credit, market, ) and risk management practices
  • Degree in a relevant discipline with corresponding postgraduate degrees or professional qualifications (CISA, COBIT, ITIL) desirable
  • Technology Operational Risk, Internal or External Audit experience gained within a dynamic financial institution or financial services firm
  • The commercial experience and analytical mindset to make sound recommendations on technology/ operational risk issues
  • Work experience in risk management, quality assurance or other related function
  • Broad understanding of risk management in Financial Services
4

Operational Risk Senior Manager Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of operational risk senior manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for operational risk senior manager
  • Liaise with business units to ensure integrity of data in the operational risk management systems
  • Leads more junior professionals in completing scenario analyses and assigns tasks
  • Oversee the first line's appropriate maintenance of RCSA and HLA, timely reporting of significant events including losses events and near misses, and identification of potential idiosyncratic loss events via the scenario analysis (SA) process
  • Organizes, drives and challenges the business during SA
  • Uses strong influence with business line senior management to ensure the completion of non-routine assessments in the event of a change, identification of a potential adverse impact, new produce offering, profit loss or adverse audit or examiner finding
  • Uses longstanding, strong working relationships with senior members of the Risk Management, Compliance and Audit teams and senior members of the business line to ensure timely completion of operational risk-related deliverables, issue resolution operational loss estimation and remediation
  • Responsible for appropriately escalating issues to the Chief Risk Officer and business unit leadership when risk exposure is deemed to be increasing
  • Effectively addresses less complex operational risk issues escalated by more junior team members
  • Analyse operational risk related data and perform critical assessment of the risk profile and control environment of the bank for reporting to senior management and the board
  • Lead the implementation of changes to the operational risk systems and modules and roll-out the related system/modules to the business units
Qualifications for operational risk senior manager
  • Strong analytical and conceptual thinking ("out-of-the-box") skills
  • CPA, CFA or FRM designation desirable
  • Experience in Product management, Servicing, Controls or Compliance within banking or financial services industries
  • Strong knowledge in any one of Commercial business (Corporate, Foreign Exchange Services, OPEN, International Small Business Services) which includes understanding of their business model, execution methods, teams and processes, system capabilities and linkages
  • Strong analytical skills to be able to rapidly understand the context of a discussion without having any background in a specific business area or a process
  • Have proven knowledge of Treasury
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Operational Risk Senior Manager Job Description

Job Description Example
Our company is looking for an operational risk senior manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for operational risk senior manager
  • Request and recommend new risk data & new risk reports that may help to better probe for risks within existing business
  • Working with other operational risk SMEs, defines, implements, and maintains the RCSA program
  • Maintains an understanding of the businesses of the company and how they work the threats, controls, industry standards, and best practices to effectively maintain an RCSA program that is appropriate, implementable, and relevant
  • Defines and maintains risk aggregation criteria and methodologies
  • Oversight, analysis and trending of portfolio management trading activity, including transactional trade testing
  • Analyze new venues (brokers and trading platforms) as trading counterparties
  • Analyze operational risk incidents and implement associated risk mitigation strategies
  • Manage the divisions risk profile and understanding of operational risk trends
  • Lead significant operational investment risk projects related to future state business requirements , regulators, brokers and vendors
  • Lead group discussions designed to identify and debate investment issues and thought leadership around best practices that are emerging within the operational risk industry
Qualifications for operational risk senior manager
  • Provide leadership on operational risk reviews and feedback on the operational risk impact of major change initiatives, process improvements and transformational projects
  • Bachelor's Degree in business administration, finance, or similar field preferred
  • Significant amount of information flows through this position requiring the ability to review, assimilate, prioritize, and make decisions
  • Real gravitas at senior tables with the ability to cut-through with diverse and large working groups to advise and provide continuous improvement opportunities
  • Be known for providing sound, strong, outcome based insights and key deliverables
  • Providing effective advice to Treasury on the application of the C&I Operational Risk and Compliance Settings to the Treasury Risk Profile

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