VP/AVP, Operational Risk Management

Job Description - VP/AVP, Operational Risk Management

Business Function

Risk Management Group (RMG) is responsible for the development and maintenance of risk management and internal control frameworks. We provide independent review and challenge to business to ensure that appropriate balance is considered in risk/return decisions. In addition, RMG is responsible for the monitoring and reporting on key risk issues of the Bank. To manage risk effectively and deliver strong financial performance, we invest significantly in our people and infrastructure.

Responsibilities

Develop and implement comprehensive operational risk management frameworks, policies, and procedures to identify, assess, monitor, and mitigate operational risks across the organization
Provide subject matter expertise and guidance to business units and support functions on operational risk management best practices
Collaborate with stakeholders to ensure effective risk reporting, escalation, and governance processes are in place
Conduct risk assessments, root cause analyses, and develop mitigation strategies to address identified operational risks
Oversee the implementation of operational risk management tools and systems to enhance risk visibility and data-driven decision-making
Contribute to the development and enhancement of the organization's operational resilience capabilities
Participate in the design and delivery of operational risk management training programs to build risk awareness and capabilities across the organization

Requirements

Degree holder (or equivalent) in Risk, Legal, Finance or business-related discipline
Minimum 10 and 6 years of working experience in operational risk management or internal control related function for VP and AVP respectively, with a strong understanding of regulatory requirements and industry best practices
Proven track record in developing and implementing effective operational risk management frameworks and solutions
Prior experience in Third Party Risk Management (TPRM) is a plus
Excellent analytical and problem-solving skills, with the ability to identify and address complex operational risks
Strong communication and stakeholder management skills, with the ability to influence and collaborate with cross-functional teams
Proficient in the use of risk management tools and data analytics to support decision-making
Demonstrated expertise in managing operational risk in a financial services or banking environment
Relevant professional certifications (e.g., ECF-ORM, PRMIA, or GARP) are preferred

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VP/AVP, Operational Risk Management

Job Description - VP/AVP, Operational Risk Management

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