Assistant Manager, Operational Risk

Job description / Role

JOB PURPOSE
- To undertake continuous monitoring of key controls to assess the proper functioning and adequacy of existing controls leading to effective management of Operational Risk.
- Assist in coordinating facilitating and promoting understanding of Operational Risk and in implementation and management of Operational Risk within the Unit.
- Ensure alignment to SCB policies and procedures within the day to day processing environment of the function

KEY RESPONSIBILITIES

Validation of Controls (CST/KCI & OPTIAL) - Perform CST checks, identify, assess and document exceptions.
- Ensure continuous monitoring on the ground, including KCIs.
- Work closely with the Unit/ Line Manager to finalise exceptions / action items and review the same with the Risk Manager.
- Perform trend analysis on exceptions.
- Inputs evidence of checks performed and details of exceptions noted into Optial.
- Work with Unit/ Line Managers to design in-country CST/KCSA.

Incident Management (Phoenix) - Investigate, document and report operational losses, near misses, other risk events and treatment plans on Phoenix in partnership with Unit/ Line Managers.
- Reconcile losses reported in Phoenix with GL on monthly basis.

Process Risk Analysis (PRA) - Play a key role in driving PRAs at unit level.
- Participate in PRA at the request of the process owner.
- Support Risk Managers in PPG / CA related PRA reviews.

Risk Committee Meetings - BORC - Review BORC Packs, with focus on risk & controls MI & supporting documents and escalate to Risk Manager on any concerns for further actions.
- Attend / Represent at GTO FORC.

Risk Reviews - Perform spot checks and mystery shopping exercises and raise any exception through the risk reporting process.
- Perform thematic risk / control reviews.
- Validates adequate closure of audit findings.
- Oversight over performance of pre-audit/ review preparation work by Unit/ Line

Requirements

Closing Dates
The closing date for applications is 15 June 2015. 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 and 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.