CAIA's Career Center is an easy-to-use, comprehensive resource connecting job seekers with employers in the growing AI field. Use your knowledge and credibility to advance your career or build a talented team for your organization. Opportunities targeted to CAIA Charterholders are prioritized.
In order to search for jobs specifically for CAIA Charterholders or those pursuing the CAIA Charter please enter “CAIA” in the search panel.
This will enable you to search for CAIA specific roles globally.
About Standard Chartered We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
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.
The Role Responsibilities
Assist the UNIT MANAGER in coordinating, driving, and directing effective compliance with the prescribed operational risk management framework - Support SORO/UORM /Unit Manager in driving the implementation of effective controls to minimise / mitigate operational impact - Continuous monitoring for effectiveness and efficiency of controls leading to effective management of Operational Risk. - Drive the understanding and practice of Operational Risk within the Unit - Suggest / Facilitate Implementation of controls within the business unit to meet all regulatory and internal requirements. - Support UORM/SORO in implementation of OR policy guidelines, review of existing control checks/KCSAs and process reviews - Support in smooth conduct of Unit Level Risk Committee Meetings
- Execute risk / control reviews as per plans and in consultation with the UNIT MANAGER/UORM
- Track to closure, all actions and risks arising from the reviews
- Ensure that the affected Unit is sufficiently prepared for upcoming audits
- Review and advice UNIT MANAGER /UORM on the adequacy of management response to audit findings for the Unit
- Monitor and track progress and timely closure of audit findings
- Share thematic risk & audit findings across units.
- To ensure updating of all risk/loss related issues in Phoenix and escalation to Unit Manager/UORM as applicable.
- Compliance with all applicable process procedures, guidelines, rules & regulations of company and Group Policies relating to Risk
- Ensure unit specifically complies with Group Money Laundering Prevention / Sanctions Policies and Procedures to the extent applicable and reports all suspicious transactions to the risk authorities and stakeholder groups. Process Risk Analysis (PRA)
- Execute PRAs as initiated by UNIT MANAGER/UORM, to support efforts in reviewing process and control effectiveness and risk identification (in consultation with Process Ownership)
- Track to closure, all actions arising from PRAs
- In conjunction with guidelines in force, facilitate to design and propose control enhancements to UNIT MANAGER for consideration
- Ensure the Risk Register is updated and approved for the unit. Risk Committee Meetings - Facilitation of pack production for the unit risk committee meetings
- Provide challenge to ensure robust compliance to OR policies and framework
- Submission of risk and control related details to functional risk forum within schedule and at the required quality
- Facilitate, Coordinate and consolidate operational risk and loss reporting of the unit for the reporting to the BORG, UNIT MANAGER and Business Unit Head. Ensure data accuracy and completeness. Root Cause Analysis (RCA)
- Assist the Unit Manager / Department heads to complete the Root Cause Analysis (RCA) report for below events o Audits rated "Failed" or "Improvement required" for Critical Processes o Material negative regulatory findings for Critical Processes o Single operational risk event where the gross financial loss is greater than USD 2m o Single operational risk events where the actual or potential reputational impact is rated '4' or '5
- Ensure integrity of source and the processing of data to deliver accurate representation in management information Validation of Controls: Key Control Self Assessments (KCSA) or Control Sample Testing / Key Risk Indicators (KRI) & Key Control Indicators (KCI)
- Continuous monitoring of key controls. Validate sampling techniques, results and exceptions arising thereof
- Obtain, agree and track to closure of treatment plan from responsible parties
- Provide UNIT MANAGER periodical view of status and progress
- Contribute towards / Facilitate implementation of control measures and monitoring plans for compliance and operational risk management. Ensure effectiveness of controls for compliance monitoring and risk management. Issue Management (records in Phoenix)
- Investigate, document and report risk events and treatment plans on Phoenix in conjunction with Unit Managers and keep them updated
- Ensure that the OLEs and ORIs are updated and approved on a timely manner
Our Ideal Candidate
- Effectiveness of the controls and monitoring of operational risks and controls at the Unit level
- Zero overdue actions arising from PRAs, Risk Reviews, Control exceptions, audit findings..etc
- Satisfactory results on audits undertaken by Group Internal Audit, FSA, regulators and external auditors (relating to the unit)
- Timely reporting and escalation of all operational risk exposures and control failures to comply with OR policies and framework.
- Monitoring and adherence to timelines on Risk & Control or Group initiatives.
Apply now to join the Bank for those with big career ambitions.