Associate Director, Business Operations Risk Management Associate Director, Business Operations Risk  …

Standard Chartered Bank Hong Kong
in Hong Kong, Hong Kong, Hong Kong
Permanent, Full time
Last application, 19 Aug 19
Highly Competitive
Standard Chartered Bank Hong Kong
in Hong Kong, Hong Kong, Hong Kong
Permanent, Full time
Last application, 19 Aug 19
Highly Competitive
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East. We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.

We are currently seeking a high calibre professional to join the team as

You will be responsible for

  • Assist Management in coordinating, driving and directing effective compliance and operational risk (OR) management.
  • Assist Management in implementing robust processes and controls to meet all regulatory and internal requirements.
  • Ensure proper functioning of day-to-day controls by performing periodic assessment and monitoring activities.
  • Timely identification, escalation and resolution of risk issues.
  • Source of reference within the business and functional units in facilitating and promoting the understanding of OR Framework.
  • Support the implementation of OR Framework initiatives and the roll out of the OR Target Operating Model for the business and functional units.
  • Proactively monitor OR event (internal or external) and escalate significant events to Direct Line Manager as appropriate.
  • Responsible for implementation and execution of the Key Control Self Assessment (KCSA) / Control Sample Testing (CST) processes, sampling and testing the population of controls to ensure compliance with agreed control standards as well as facilitating the monitoring/collection of any Key Control or Risk Indicators (KCIs / KRIs).
  • Where applicable, support and provide guidance to the Responsible Person (RPs) to ensure integrity, quality and completeness in the execution of KCSA and CST.
  • Responsible for the recording in Optial the results of any non compliance noted from the execution of testing and / or collation of risk information
  • Responsible for recording and maintaining operational risks in the risk tracking system, in accordance with Group Operational Risk Procedures.  Key part of role is ensuring the quality of information being recorded as well as ensuring data accuracy and completeness.
  • Responsible for recording in Phoenix any operational errors that occur within business that result in financial losses, gains, near misses, reputational damage or danger to people or our reputation. Ensure that the OR Officers are notified of any operational losses above USD10k. Key part of the role is ensuring the quality of that information is of the standard required.
  • Ensure risks, issues and control enhancement identified in Phoenix are resolved in an appropriate and timely manner.
  • Ensure that all operational loss are reconciled to general ledger.
  • Review and perform [Monthly/ Quarterly / Semi-Annually / Annually] KCSA / CST and ensure that the testing is supported by evidence, completed and signed off in Optial before the due date
  • Review [Monthly / Quarterly / Semi-Annually / Annually] KCSA / CST exceptions to identified if there is a significant risk, and ensure that the risk item is recorded and escalated in Phoenix
  • Review on a Monthly basis all items recorded in Phoenix and ensure that the control enhancements are all track for completion and if not, ensure that appropriate follow up and escalated is done.  
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