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Manager - Risk Operations
2 months ago
ImplementOperational Risk ManagementFramework:
- Assistin implementing and maintaining the operational risk managementframework across all functions to minimize risks andlosses.
- Support process reviews toenhance performance andoutput.
- Assistin implementing and maintaining the operational risk managementframework across all functions to minimize risks andlosses.
OperationalLoss DatabaseManagement:
- Maintainthe operational loss database conduct root cause analysis (RCA) andsuggest corrective and preventive actions(CAPA).
- Develop and follow up onaction plans and deadlines for the closure of operational lossincidents.
- Maintainthe operational loss database conduct root cause analysis (RCA) andsuggest corrective and preventive actions(CAPA).
RiskIncident Tracking andReporting:
- Trackand update risk incidents in the system with all necessary detailssuch as RCA and CAPA by coordinating with various departmentstakeholders.
- Maintain and monitorcontrol reports coordinating with stakeholders to identify andimplement necessarymodifications.
- Trackand update risk incidents in the system with all necessary detailssuch as RCA and CAPA by coordinating with various departmentstakeholders.
RiskControl andAssessment:
- Assistin developing the Risk Control SelfAssessment (RCSA) and Key RiskIndicators (KRI) framework for allfunctions.
- Actively participate inRCSAs identify residual risks develop mitigation plans and evaluatecontrol effectiveness through controltests.
- Assistin developing the Risk Control SelfAssessment (RCSA) and Key RiskIndicators (KRI) framework for allfunctions.
ThematicReviews and ControlEvaluation:
- Conductthematic reviews to identify key risks in processes and assesswhether related controls are in place andeffective.
- Actively participate inproduct and process signoffs to ensure risk management perspectivesareincorporated.
- Conductthematic reviews to identify key risks in processes and assesswhether related controls are in place andeffective.
ManagementReporting andDocumentation:
- Produceclear and comprehensive management reports and documentation tosupport effective risk managementdecisions.
- Cooperate and coordinatewith counterparts in other risk verticals to ensure a holisticapproach to riskmanagement.
- Produceclear and comprehensive management reports and documentation tosupport effective risk managementdecisions.
ProjectParticipation and Ad HocActivities:
- Participateand contribute to various risk management projects asneeded.
- Undertake other ad hoc riskmanagement activities asrequired.
- Participateand contribute to various risk management projects asneeded.
EducationalBackground:
- Bachelors degree in Finance Business Administration Risk Management or arelated field. Advanced degrees or professional certifications(e.g. FRM PRM CERA) are aplus.
- Bachelors degree in Finance Business Administration Risk Management or arelated field. Advanced degrees or professional certifications(e.g. FRM PRM CERA) are aplus.
WorkExperience:
- Atleast 3 years of experience in risk management or internal auditpreferably within the insurancesector.
- Atleast 3 years of experience in risk management or internal auditpreferably within the insurancesector.
TechnicalSkills:
- Proficiencyin risk management software andtools.
- Strong analytical skills withthe ability to conduct RCA andCAPA.
- Proficiencyin risk management software andtools.
SoftSkills:
- Excellentcommunication and interpersonal skills for effective coordinationwith various stakeholders.
- Strongorganizational skills with attention todetail.
- Excellentcommunication and interpersonal skills for effective coordinationwith various stakeholders.
Knowledge:
- Indepthknowledge of operational risk management principles and bestpractices.
- Familiarity with theinsurance industry s regulatory environment and compliancerequirements.
- Indepthknowledge of operational risk management principles and bestpractices.
OtherRequirements:
- Abilityto work independently and as part of ateam.
- Strong problemsolving skillsand the ability to manage multiplepriorities.
- Abilityto work independently and as part of ateam.