Operations Risk Job Description

Operations Risk Job Description

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Operations risk provides input as requested in relation to review of operational risk in policies, procedures, systems, products, and services.

Operations Risk Duties & Responsibilities

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

Sample responsibilities for this position include:

Ensure compliance with all regulations, policies, and procedures
Support business operations by sharing "best practices" and current risk issues
Engage in root cause analysis and work with the appropriate groups to recommend controls and solutions when researching risk events, operational processes, and new regulatory initiatives
Monitor and report vendor management trends and issues to Enterprise Risk Management Department management
Assist user departments with questions and issues that arise during the normal course of business
Act as primary liaison with assigned Program Administrator
Attend product development meetings and recommend risk mitigation solutions
Monitor/report implementation progress and results to department management
Assist Manager Enterprise Risk with monitoring the implementation of action plans of open risk issues from completed operational risk assessment projects with their assigned RMOs
Assist Manager Enterprise Risk in preparing operational risk reports for Executive Committee and Enterprise Risk Management Committee

Operations Risk Qualifications

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

Licensing or Certifications for Operations Risk

List any licenses or certifications required by the position: CISSP, GIAC, CEH, CHFI, CFE, CPA, FAA, AML, CAMS, CRMA

Education for Operations Risk

Typically a job would require a certain level of education.

Employers hiring for the operations risk job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Economics, Finance, Business, Business/Administration, Engineering, Accounting, Education, Management, MBA, Math

Skills for Operations Risk

Desired skills for operations risk include:

HSBC’s policies
Practices
Procedures
HSBC’s products and services
HSBC’s products / services
Procedures and systems within own area
Merchant processing
Accounting and basic terminologies used in the financial services sector
Global Custody
Operational risk concepts

Desired experience for operations risk includes:

Bachelor's degree, preferably in Economics or Finance
Superior knowledge of Word, Excel, PowerPoint required, including strong skills in Excel macros / VBA
Ability to assess and present risk based on various available risk metrics
Proficiency using Microsoft Office application suite, especially Excel for handling of large metrics data and - - PowerPoint for the production of risk reports
Working closely with Line Management, Divisional Risk Management, and other areas of the Federation
Evaluating the levels of adherence with risk management policies, principles, and standards

Operations Risk Examples

1

Operations Risk Job Description

Job Description Example
Our company is growing rapidly and is looking for an operations risk. 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 operations risk
  • Develop and implement training program for operations policies and procedures
  • Process queue items in a timely manner as measured against communicated departmental targets
  • Process queue items such as CDD, EDD, KYC, AML, Terrorism Financing, and OFAC
  • Transaction Monitoring in a timely manner as measured against communicated departmental targets
  • Monitor performance across Risk Operations’ portfolio of initiatives and provide early views to gaps and opportunities versus goals
  • Report on progress against the Risk Operations Roadmap
  • Maintain and enhance infrastructure for the Risk Operations Group to ensure transparency of work across RO and to enable the day to day operations
  • Manage the Risk Operations technology development budget and work with partners to ensure project spend is on track
  • Maintain and enhance the Risk Operations Dashboard to provide insights on performance on key metrics across RO
  • Draft clear communications regarding Risk Operations’ strategic objectives and key priorities for distribution to Risk Operations employees
Qualifications for operations risk
  • Senior executives across T&O
  • The ideal person at least 8 years related banking
  • Flexibility and resilience when faced with obstacles, resourcefulness
  • A strong history of continuous improvement and individual learning
  • Experience leading a matrix team and using influence to achieve goals
  • Intermediate to advanced experience with Excel, Word and PowerPoint required
2

Operations Risk Job Description

Job Description Example
Our company is searching for experienced candidates for the position of operations risk. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for operations risk
  • Create an Operational Level Agreement (OLA) on how each area will set up and conform to adjust Risk practices to Data Completeness standards
  • Develop an operational risk program identifying key risk indicators, reporting, risk self-assessments, and an action plan with tracking of follow-up items
  • Working with Compliance, Legal, and RBC Capital Markets will review and determine if new legislation or regulations are applicable to department operations
  • Puts together project plans, periodic update reports and maintain detailed task lists for each project or deliverable related to assigned projects
  • Facilitate the learning of non-exempt associates performing similar role and personnel with customers through leading calibrations, writing reports, assisting training
  • Creating new process monitors
  • Review work of non-exempt associates performing similar role
  • Work with business points of contact for businesses being reviewed to resolve specific challenges
  • Develop and oversee a process for periodic report inventory assessment
  • Assists in scorecard development
Qualifications for operations risk
  • Ability to make discretionary decisions based on research, requiring a certain degree of creativity and latitude
  • Required 2+ years of experience dealing with financial transactions in an industry that is classified as high risk for money laundering and/or terrorist finance
  • Preferred 1+ years of experience in a due diligence department within a financial institution
  • Manage assigned merchant relationships as defined by Risk Operations Management
  • Liaise with Enterprise Account Managers who manage the accounts assigned to you and participate in communication and education with the Merchants where Risk expertise is required or will benefit management of accounts
  • Comfortable with working to tight deadlines and able to respond to short notice assignments
3

Operations Risk Job Description

Job Description Example
Our company is growing rapidly and is looking for an operations risk. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for operations risk
  • Assist in testing changes with the Enterprise Market Risk IT department in conjunction with the Enterprise Market Risk Change Management team
  • Provide support on building out the analytical toolset and framework to provide integrated analytics across VaR, Stress VaR, Stress and Market Risk Capital
  • Add value by working with various functions and business units to provide on-going user support on any request or query related to Enterprise Systems
  • Ensure Enterprise Risk systems are up and running
  • Follow up with user access request and seek delegate system approvals
  • Responsible for execution of various audit reports on Enterprise Systems
  • Responsible for the monthly manual loading and data validation of ESN monthly system
  • Liaison and coordinate system access requests among senior management, ESN users and IT support
  • Assist in providing training to our users on OBI Interface, Webfocus Interface and database tables
  • Support and update our ESN Website, SharePoint site and documentations
Qualifications for operations risk
  • Previous operations experience in a Reporting, Line or Risk function
  • Experience in collating and presenting reports and metrics
  • Provide transparency to Risk Operations’ (RO) portfolio of initiatives and their performance
  • Develop infrastructure critical to the success of Risk Operations’ initiatives
  • Ensure comprehensive tracking of progress against the Risk Operations Roadmap, financial goals, and key performance indicators
  • Provide input into Risk Operations’ strategies and develop communications to Canadian Banking Operations (CBO) executives and Risk Operations employees
4

Operations Risk Job Description

Job Description Example
Our growing company is hiring for an operations risk. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for operations risk
  • Manage changes and implementation of regulatory reports
  • Partner with SSBO Mumbai Risk Team and line management to ensure incident reporting is meeting firm reporting standards
  • Participate in product commercialization scenario analysis and monitor gap closure
  • Create daily bank account and stock record reconciliations assisting in resolution of differences
  • Assist with month-end reconciliation collection and reporting
  • Compile information for month-end foreign cash revaluations
  • Assist with class action data gathering and notifications
  • Perform special projects which may include data gathering and analysis, process chart creation, documentation review, gap analysis
  • Ensure integrity, validity and accuracy of transaction capture, modeling and reporting from the risk management system
  • Work closely with the front office providing risk control and process guidance to ensure ongoing compliance with the risk policies
Qualifications for operations risk
  • Communicate recommendations with senior management
  • Work with modelers to ensure consistent implementation of assumptions approved by management
  • Substantial progress toward (or completion of) a Bachelor’s degree in actuarial science, mathematics, statistics, or a related field
  • Ability to work independently, seeking out help when necessary
  • Knowledge of VBA preferred
  • Fluency in EXCEL required
5

Operations Risk Job Description

Job Description Example
Our company is growing rapidly and is looking for an operations risk. 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 operations risk
  • Implementation and maintenance of risk management framework that includes business unit requirement, effective internal control processes and self-monitoring practices, and the assessment, tracking and reporting issues
  • Provide knowledge and expertise as directed on the appropriate implementation of the rules and standards through policies and procedures and other guidelines
  • Responsible for the overall design and effectiveness of Global Op’s Risk Management framework and supporting policies and procedures
  • As part of the assessment, verify policies, procedures and business requirement documentation are sufficient, current and reflect proper control design
  • Providing risk training and awareness to drive the right risk culture and behaviours throughout the organisation
  • Reviewing outputs/deliverables and coaching team members to achieve quality outcomes
  • Manage the Third Party Sender (TPS) program and the associated responsibilities to include ensuring the proper due diligence, identification, and onboarding of TPS’s are occurring
  • Validate transaction data accuracy and completeness
  • Identify, escalate and report risk events
  • Demonstrate mastery of CME Clearing infrastructure and ability to solve problems across all asset classes/initiatives and most internal operational processes
Qualifications for operations risk
  • Bachelor degree in related disciplines with at least 10 years relevant experience in banking operations
  • You will have a thorough understanding of banking products and services strong analytic and problem solving skills
  • Familiarity with IT, databases, data security, baselines
  • 1 year of experience in Financial services industry
  • 1 year of experience in quality assurance
  • Broad knowledge related to project management, business analysis, information systems, and process redesign is required, strong analytical and research skills

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