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.
The purpose of this role is to support the Senior Operational Risk Officer for Governance & Policy and the Senior Operational Risk Officer for COO and provide the 2nd line challenge on the Operational Resilience Project, ensuring the Operational Risk requirements are factored into the design, development and implementation of the project and its adherence to the Operational Risk Type Framework ("ORTF") and associated policies and standards.
The role-holder will support the Operational Risk deliverables within the Operational Resilience Project, including the development, enhancement and delivery of changes in the Operational Risk Type Framework ("ORTF") and associated policies and standards, as well as operational risk input for the training materials of the Operational Resilience Project.
The role-holder will act as key point of contact of Operational Risk for the various workstreams within the Operational Resilience project for all matters related to Operational Risk, working with the project stakeholders in Singapore, other Regional/Country and Business stakeholders to ensure the delivery of the project.
Operational Risk spans an array of potential for financial loss and negative impact on our clients and providers of capital. A developed understanding of this potential and the business case for minimising loss and impact is a requirement for this role.
From a regulatory perspective, under Section 320 of the European Union Capital Requirements Regulation (CRR) banks are required to demonstrate the ability to identify their exposures to Operational Risk and have in place an appropriate system of monitoring and control, Understanding this and other relevant regulatory requirements and guidance in respect of Operational Risk is a requirement for this role.
While the majority of risk management is done in the First-Line, the Group Operational Risk Team (GORT) is accountable for monitoring and ensuring that Operational Risk is appropriately identified, assessed, understood/calibrated, controlled and managed, with Risk Appetite clearly articulated and supported by appropriate stress testing. GORT is also responsible for ensuring appropriate escalation, follow-up and learning from Operational Risk Events / Incidents.
Working in partnership with Country and Regional Second-Line Operational Risk experts, those charged with Operational Risk management in the First-Line and identified SMEs enterprise wide the team is charged with ensuring the adequacy of – and adherence to - a comprehensive Operational Risk Type Framework.
The role-holder is required to understand the role and responsibilities of the GORT team as a whole and how these are discharged by the team, actively contributing to development and improvement in the same, as well as to remain informed of pertinent industry and organisational developments.
Primary objective of this role is to support the Operational Resilience Project delivery and related processes as well as support Operational Risk activities across the Functions of Standard Chartered Group that related to Operational Resilience.
The following are key responsibilities linked to the Operational Risk Manager position:
· Execute implementation of the operational delivery, controls, reporting, and governance of the Operational Resilience project. Controls design? Or just implementation
· The management and monitoring of all the operational risk arising within the Operational Resilience Project, across Functions in Standard Chartered Group and its subsidiaries.
· Identification, assessment and escalation of delivery risks pertaining to the overall Operational Resilience project.
The role-holder is responsible for supporting the development and enhancement of the OR framework, policies and standards to support all Businesses and Functions in line with the Operational Risk strategy
This will be achieved through delivery of the following:
· Advice & Engagement: Offering a point of deeper expertise around more technical areas of operational risk, including operational resilience.
· Governance: Develop and inculcate the right policy, process, technology and governance architecture, in partnership with ERM and Group Management where appropriate.
· Training: To support the Senior Operational Risk Officer Governance and Policy in the development and execution of OR training covering Operational Resilience. This consists of communication, delivery and timely feedback to ensure appropriate enhancements at Group and Country level.
· Support: Continuous collaboration with first and second lines to ensure the management and embedment of OR framework and policies.
In terms of specific Governance and Policy responsibilities:
· Governance: Support appropriate governance and routines (committees, forums and other) to support the GORT's mandate.
· Training: Development of the content for Operational Risk training, partnering with Learning & Development for the delivery thereof.
· Risk Appetite: To support Risk Appetite definition for Operational Risk, ensuring the same informs risk identification and control design, where relevant, and proactively providing input and advice as to how to address any breaches.
· People & Risk Culture: Drive the engagement with Operational Risk enterprise-wide, supporting a culture that recognises and reflects Operational Risk in its operating model and its decision making
· Continuously enhance the OR framework and methodology, keeping abreast of external practises through research and participation in industry forums.
· Support the development of OR training to raise the overall skillsets of the function (both technical and soft skills); this to include development and execution of training interventions, e.g. report writing and soft skills
· Adhere to such other process and governance requirements as requested by line management, from time to time.
· Ensure all activity adheres to the Risk Management Framework, with a specific focus on ensuring an effective framework for the management of Operational Risks within the team as they pertain to the role.
· Demonstrate an awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
· Deliver 'effective governance'; capability to challenge colleagues effectively; and willingness to work in an open and cooperative manner with all.
Regulatory & Business Conduct
· Display exemplary conduct and live by the Group's Values and Code of Conduct.
· Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
· Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
· As delegated by line management from time to time.
QUALIFICATIONS: Training, licenses, memberships and certifications
The role holder will have experience in Operational Risk management, specifically operational resilience, within the Banking industry, including relevant regulation and industry trends. In particular, the role holder will demonstrate:
A rigorous and analytical approach to risk management
Experience in enhancing frameworks and policies
Experience in managing operational risk
Subject matter expertise in emerging Operational Resilience Regulations
Experience of business partnering, including the ability to synthesise and articulate complex and technical topics clearly to diverse audiences
Ability to manage a diverse and challenging stakeholder community / team
Proven experience with co-ordination of many dependencies in a complex, large-scale environment
Excellent oral, written communication and presentation skills
Specific strong competence in the use of Excel for analysis of complex data and PowerPoint for communication purposes
Experience with 'agile' ways of working.
Ideally the role holder will have specific experience of Operational Risk frameworks and have an in-depth knowledge of some of the key organisational and operational challenges faced by a Second-Line Operational Risk function. Experience of balancing cost targets with delivery need, as well as regulatory requirements, would also be helpful.