
Operational Risk Management Specialist
18 hours ago
Operational Risk Management Professional
Job Description:As a seasoned risk management professional with 7+ years of experience, you will play a pivotal role in identifying and mitigating operational risks across various departments. Your expertise in risk assessment frameworks and methodologies will enable you to develop effective risk mitigation strategies and action plans.
Key Responsibilities:- Risk Identification and Assessment
- Identify and evaluate operational risks using industry best practices.
- Develop and implement risk assessment frameworks and methodologies.
- Conduct regular risk assessments and reviews to identify potential operational risks.
- Risk Mitigation
- Develop and implement risk mitigation strategies and action plans.
- Ensure the implementation of risk controls and compliance with regulatory requirements.
- Coordinate with different teams to address risk issues and implement corrective measures.
- Monitoring and Reporting
- Monitor operational risk indicators and metrics.
- Prepare and present risk reports to senior management.
- Manage regular Risk meetings with senior Stakeholders and review RCSAs and KRIs.
- Third Party Risk Management
- Manage third parties, third-party contacts, external risk assessments and issues.
- Identify potential risks associated with third-party interactions, such as cybersecurity vulnerabilities, non-compliance with regulations, operational inefficiencies, or financial instability.
- Gather information security controls evidence from third parties.
- Policy Development
- Assist in the development and updating of operational risk policies and procedures.
- Ensure policies are aligned with regulatory standards and industry best practices.
- System Testing
- Conduct UAT for ORM development and implementation.
- Maintain and oversee business continuity management program including appropriate testing.
- Regulatory Compliance
- Ensure compliance with local and international regulatory requirements.
- Liaise with regulatory bodies and ensure timely submission of required reports.
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