Operational Risk Manager

7 days ago


Mumbai, Maharashtra, India Crédit Agricole CIB Full time

Job description

Business type

Types of Jobs - Risk Management / Control

Job title

Operational Risk Manager

Contract type

Permanent Contract

Expected start date

01/09/2023

Job summary

Key Responsibilities

Organization and Co-ordination

To supervise the self-assessment exercises and to develop Permanent Control culture within the Unit and to promote best practice with regard to Risk Management

Ø To ensure the effectiveness and consistency of the existing control through:

mapping procedures covering all risks

identification of activities

identification of risks in those activities

inventory of controls in place

mapping of operational risks, classification by degree of importance

action plan whenever weakness are identified and to reduce operational risks

Ø To check:

Organization: procedures, committees, etc

Methodology: self-assessment, control plan, reporting

Effective implementation of application software: OLIMPIA SCOPE etc

Ø To issue warnings related to any weaknesses in internal control systems in the Unit

Ø To control and monitor, with the support of the other departments, the actual up-date and accuracy of:

Data relating to the Unit into OLIMPIA

Document recorded in OLIMPIA : loss reporting and incident reporting.

Mapping using the HO Kits.

OEA Reports and OEA Database.

Response to internal and external audits.

Ø To participate to the Internal Control Committee under the chairmanship of the Managing Director :

Acting as secretary: organizing, agenda, minutes

Monitoring implementation of the committee decisions

Submitting for approval, operational risk mapping and internal control report

Monitoring and analyzing operational losses reports and incidents

Monitoring the implementation of recommendation from internal & external audits.

Ø To organise the Permanent Control Committee (E-PCC) under the chairmanship of the Managing Director:

Acting as secretary: organizing, agenda, minutes

Monitoring implementation of the committee decisions

Monitoring and analyzing operational losses reports and incidents

Monitoring the implementation of recommendation from internal & external audits

Supplementary Information

Ø ORM shall draft and update the reference documentation describing the Unit's Internal Control
Ø ORM shall prepare the Minutes of Internal Control Committee, Minutes of the Permanent Control Committee and write down the Annual Internal Control Report
Ø ORM ensures that reporting of significant events is submitted to the MD and Internal Control Committee as well as Regional Head of Operational Risk.
Ø ORM shall report Incidents and Losses related to the appearance of an operational risk (OLIMPIA)
Ø ORM shall prepare the documentation related to any significant operational dysfunction (OLIMPIA)
Ø ORM shall monitor significant trends in operational risks, through a management report including key risk indicator (KRI) and dashboard
Ø ORM reports compliance of the Outsourced Essential Activities by the activity managers on an annual basis.
Ø ORM shall prepare an Action Plan to be submitted at the ICC
Committees, documentation
The ORM should have all information for his mission; he/she will participate in committees or will receive documentation from:
- Audit: internal audit reports and half-yearly follow-up of the implementation of recommendations
- Compliance: audit from local authorities and important communications (new regulations, key regulatory reporting, KYC reporting, etc)
- Legal: new laws and reporting to Legal Head Office
- Accounting / Finance: external auditors' reports and accounting reconciliation

Position location

Geographical area

Asia, India

City

MUMBAI

Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

Bachelor Degree/BSc Degree or equivalent

Level of minimal experience

6-10 years

Technical skills required

Relevant experience in accounting/ control/operational risk gained in audit and banking/financial services industry.

Highly analytical, with a strong risk and control mindset

Self-starter with strong communication and presentation skills and the ability to work effectively across all levels and functions within the Bank.



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