Operational Risk Manager

2 months ago

Mumbai, 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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