Job closed
Ref: HP048-438
Job description / Role
Job Description
Job Purpose
- Assist the Country Business / Function Ops Head/Regional Risk head in coordinating, driving and directing effective compliance with the prescribed operational risk management framework.
- To facilitate and ensure alignment to SCB policies and procedures within the day to day processing environment of the function.
- Implement effective controls to minimize operational losses.
- Ensure management of risk and timely resolution of issues.
Key Responsibilities Validation of Controls (CST/KCI)
- Validate sampling techniques, results and exceptions arising thereof.
- Review trend analysis of exceptions and identify systemic failures.
- Identify material exceptions and escalate.
- Agree on actions arising from the treatment plan.
- Review and approve the in-country CSTs developed before roll-out.
Incident Management (Phoenix)
- Review and endorse treatment plans.
- Validate and approve Ops Losses / Near Misses reporting.
- Oversight of validity and integrity of data.
Process Risk Analysis (PRA)
-validating the workflows of processes under igear initiative
- To facilitate and ensure alignment to SCB policies and procedures within the day to day processing environment of the function. -Review outcomes of PRA, including comparing against the country addendum for appropriateness.
- Initiate PRAs where needed to support specific needs to check if the process and control environment is effective.
- Support Business / Function Operations Head in PRA review of operational capability as part of PPG / CA review/roll-out.
-ensure that the process changes accepted and agreed through service acceptance process, is maintained by the respective dept in DOIs and other relevant documents
Risk Committee Meetings
- BORC - Challenge Risk Maps of Business / Function units and prepare the consolidated risk map for GTO FORC.
- Attend / Represent at GTO FORC.
Risk Reviews
- Scope and plan thematic risk / control reviews arising in-country.
- Reviews and sign-off findings from Spot Checks and Mystery Shopping.
- Plan and drive checks/ reviews in partnership with independent parties(where necessary), with senior management's agreement.
- Support Business / Function Ops Head in relaying the current control environment to the audit team.
- Review for adequacy of management response.
- Review for progress and timely closure of audit findings.
- Share thematic risk & audit findings with other units/ lines in and across countries, if applicable.
Key Relationships
- Working in partnership with Country Unit/ Line Managers, Operations Head, Country CIO, Global Operations teams and other related functions.
- Group Business / Function OR Teams for calibration on how operational risk needs to be managed and other Group wide initiatives.
- Legal & Compliance for interpretation of and consultations on regulatory requirements.
- IT Service Delivery for clarification and addressing key system related issues.
- OR Specialist Team for coordinating various OR initiatives and BAU activities.
- Group OR for interpretation and effective implementation of GOR Policy and Procedures.
- Group Internal Audit and other auditors for audit and reviews.
Key Measurable
- Cross team collaboration and leadership skills - proactive engagement with Business / Function Ops Head, OR Specialist Team, Risk Controllers and all responsible persons in the Unit.
- Effectiveness of the control and monitoring of operational risk at the Business / Function Unit / Country level. Satisfactory results on audit undertaken by Group Internal Audit, FSA, regulators and external auditors.
- Timely communication of changes to the regulatory environment and internal Policies from Legal & Compliance and Operational Risk Management Group and alignment of group policies and procedures and its relevant workflows.
- Timely reporting and escalation of all operational risk exposures.
- Monitor and ensure strict adherence to key milestone timelines set for RC on risk & control initiatives.
Requirements
How To Apply
Please apply online. To help speed up your application, please note the following:
- You will need to log in (or register if you are visiting our careers site for the first time) before you can apply for a specific role
- Some roles may require you to undertake an online talent assessment in addition to completing the application form (to facilitate this process it is preferable that you provide us with an email address as part of your contact information)
- We will ask you about your education, career history and skills and experience, it may be helpful to have this information at hand when completing your application
It usually takes 15 - 20 minutes to complete the application form; you can save your application at any time and return to complete it at your convenience.
Closing Dates
The closing date for applications is 22/07/2014. Please note all closing dates are given in Hong Kong time (GMT + 8 hours). We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.
Diversity & Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.
About the Company
Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Group’s business gradually increased in Dubai with the opening of several branches and today, Dubai is the administrative hub of the Middle East and South Asia Region. In its 43rd year, the Bank enjoys the position of having the most extensive branch network among foreign international banks in UAE with 10 branches emirate-wide.
Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. The three principal business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.
In UAE, we are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions.