Divisional Risk and Control, AVP

Role Description

The Risk Team is responsible for managing operational risk cross Corporate Banking Operations. You will have a key role in supporting the first line management in identifying, assessing/measuring risks, identifying remediation actions and monitoring risks, by performing comprehensive risk/control testing assessments of operations functions according to Target Operating Model and established process and control standards.  You will achieve this by working collaboratively with the first line operations management team and closely interact with key stakeholders including different control functions (e.g., technology, regulatory oversight), business area DCOs and Risk Type Controllers (commonly known as second line of defence).

Primary responsibility for the day-to-day delivery of control testing as a function, the overall control Assessment Team agenda for CB Operations Risk Team and ensuring overall alignment with the divisions risk vision and objectives. 

AVP -Control Assessment Team

• Organizes and assembles the people- power, technology and processes necessary to address the current and future Assessment/Control Testing needs of the business.
• Understands that risk identification is key to the business, collaborating with the line in remediating risk by implementing suitable controls.  
• Play a proactive role across the risk management lifecycle i.e Identify, Assess, Measure, Report, Mitigate and partner with key stakeholders to create a robust operational risk management culture.
• Play a critical role in conducting deep dive sessions with functions to assess control design effectiveness & operating effectiveness.
• Enabling team members to become risk experts through L&D and other development interventions.

Your key responsibilities

• Governance: Support the collation of key management information and the conduct of periodic risk governance meetings
• Leadership: Oversees and monitors activities and delivery of Assessment team (Control Assessments, SCAF QA, SOX testing etc.) against commitments across the Control Assessment team and the usage/implementation of systems / tools (Analytics) aimed at improved performance in assessment delivery against overall business objectives.
• Strategy: Provides data driven insights and visibility to management in terms of the functional strategic direction and key performance indicators.
• Collaboration: Collaborate with Operations ERTs (Embedded Risk Team) on various risk aspects including risk identification. Work closely with the Risk management and Operations heads to challenge and agree a sound and practical remediation plan. Engagement with bank-wide stakeholders including Operations, Embedded Risk Team (ERTs); and senior managers for conducting the QA reviews and reporting results thereof
• Delivery:  Perform Risk and Control Assessments (R&CA), read across and deep dive assessments to drive forward-looking risks, and execute within agreed timeline and tollgate process. These include control assurance testing and data analytics.
•  Maintain Quality: Ensure Quality of work done by the team stands up against key stakeholders scrutiny and challenge, e.g. an independent person can re-perform test steps and arrive at the same conclusion / can understand issue write-up covering root cause of control gap, residual risks and its impact.
•  Book of Work: Engage with key stakeholders to assist in the development of a risk-based assessment Book of Work by referencing various trigger events e.g. key risk indicators outside risk appetite, major incidents or major change event
•  Training: Deliver functional training sessions to develop / enhance skillset for assessments and assurance activities.
• Ability to handle other special projects as needed.

Operational Risk Controls Testing

• Independently perform the Control Assurance Testing against the requirements Design and Operative effectiveness testing
• Determine that these controls are in line with the organisation’s assurance approach and with respect to requirements derived from various regulations
• Support the effective remediation of identified Control Deficiencies owned by the Operations, including the review of planned actions, the ongoing monitoring of implementation measures and the re-assessment after completion
• Prepare loss data trend analysis and monitoring of control testing results to Business Lines
• Prepare & assist in monthly dashboards & other relevant reports as necessary & mandate.
• Undertake adhoc assignments from line management
• Assist in the management and monitoring of all action plans and control testings
• Assist Line Manager with the preparation of reports to senior management on information gathered and analyzed to make recommendations for improvements to the management and control of risk as appropriate.
• Act as a consultant and a point of reference on more sophisticated technical and procedural issues to minimize risk and enhance partner relationships.
• Support project activities as needed.
• Create synergies by identifying opportunities to repurpose control testing results to satisfy assessment requirements across the Team
• Provide ongoing communication to internal stakeholders throughout the testing process to keep them apprised of progress and findings, escalating when appropriate
• Prepare written reports that summarize the objectives, scope, findings, and conclusions for each assigned review
• Support iterative review and challenge of assessment results, working with appropriate stakeholders across the lines of defense
• Prepare materials for ongoing team meetings and meetings with senior management

Your skills and experience
The role requires the individual to have experience in conducting QA reviews as follows:

• Have a minimum of 12+ years of experience in the field of Operational Risk Management, experience or understanding of 1st and 3rd Lines of Defense is an advantage, hands on banking experience in any one of the major functions – CIB / Global Markets, in Risk Management / Internal Controls / Operations
• Have experience in Corporate Banking products – Trade Finance, Lending Operations, Trust and Agency services, Securities settlements etc
• Are fluent in English both written and spoken.
• Have excellent open communication and presentation skills, self-motivated, self-starter.
• Can identify the required data and perform an analysis, from a variety of source systems/processes
• Have excellent writing skills; can convey complex messages in simple ways both orally and on paper
• Are a team player able to build effective working relationships and operate. independently in a global environment
• Ability to remain objective and independently assess processes in operational areas
• Ability to communicate and maintain an effective working relationship with the various Ops teams
• Inquisitive and probing approach to problem solving and general assessment
• Strong analytical skills, high attention to detail, solid organizational and interpersonal skills
• Strong ability to interact with, collaborate, communicate, and influence individuals at all levels
• Profound knowledge and experience of various Operational risk environments within Corporate Banking divisions
• Open minded, able to share information, transfer knowledge and expertise to team members
• Keeps pace with technical/operational innovation maintains understanding of the Corporate Banking processes/products
• Proficient with MS Office programs (Excel, PowerPoint, Word, etc.)