Manager Risk Operations - 3431145

Standard Chartered Bank - UAE
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    Standard Chartered Bank - UAE
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3431145

Job Description

Strategy

* Overall responsible for the preparation, communication, implementation, delivery and expansion of T&O OR plan, working in close coordination with country, Regional and Global stakeholders

* Support ITO units in understanding and implementing Regulatory requirements

* Represent Group R&C ITO at the country level for implementation of standards, continuous improvement programs and strategic transformations

Pro-active Risk Management

* Peer ReviewsRisk Assurance - schedule periodic peer reviews with a view to be ever audit ready Leverage Group Subject Matter Experts where necessary

* Validate Process Risk Analysis conducted by ITO units

* Review of BOLD matrix and feedback "where applicable" iGear (where introduced)

* Identify key hotspot processes for workflow automation through iGEAR

* Review defined workflows and ensure required controls are embedded

Risk Control

* Risk Identification, Assessments, Measurements, Acceptance and Monitoring

* Control TestingRisk Identification - determine effectivenessineffectiveness of defined controls and arrive at control strength matrix and on the ground residual risk

* Risk AcceptanceTreatment PlanEscalation - for all cases where residual risk is medium, high or very high, prepare a RAR along with treatment plan

* Update risk in Group OR systems ie Optial Phoenix etc Monitor progress towards target residual risk

* Regular review of controls to improve design towards automation and preventive management

Risk Management through Standardised MI

* KRI Review, Analysis & Action Plans - highlighting key trends of concern

* PhoenixOptial MaintenanceReviewCleanup - ensure information on Phoenix and Optial is kept up-to-date Review weekly reports circulated by central team in Chennai and take appropriate action

* Risk RegisterHeatmap Review - review heatmap and risk registers and arrive at action plans for reducing residual risk

* Review of Audit failureissuesaction plans - identify cross border issues, track and resolve

Risk Validation

* Conduct a threatstress & scenario based assessment and update risk register

* Review open regulatory risks and assessagree treatment plans

Day to Day Operating Controls

* Reviewdefine COPMAN Controls - checklist of day to day summary controls performed by unit heads and their staff - embedded these within the processes

* Monitorreview COPMAN Controls through spot checks - management of exceptions and feedback to line managers

Incident Management

* Root Cause Analysis

* Identify and define the problem (operational loss, audit failure, near miss, significant event, high severity incidents)

* Drive root cause analysis

* Update Risk RegisterAgree Treatment Plan and follow-up for closure

Operational Loss ManagementNear Miss

* Operational Loss Approval & Booking - ensure losses are approved in line with delegated authorities granted Ensure the accounting is correctly done to register the loss

* Reconciliation of Ops loss to GL - reconcile the GL account against Phoenix records

Risk Governance

Audits

* Audit Co-ordination (Group + Regulatory) - whilst the primary responsibility for every audit will still remain with the Unit Head, R&C will be expected to play a critical role going forward

* Every ROF and quality of its management response will have to be vetted by R&C to ensure that the findings are factually correct and the agreed action plans, along with target dates, are reasonable and achievable

* R&C will take joint responsibility for audit outcomes

* Audit Issue Tracking & Closure - track aging of findings and ensure periodic follow-up Keep audit informed of progress and ensure any delays in resolution are appropriately approved before due date

Risk Governance Representation and Preparation of Risk Packs

* Local Interface to Country OR Head - be the main ITO liaison point to the Country OR Head

* Represent ITO in country FORC, BORGs, CORC - where necessary

* Supportlead as applicable - key thematic risk reviewsmitigation projects ie data qualityconfidentiality, outsourcing, EUC, user access, MAR, reconciliations, Stability, Change Quality, Frauds, FCR, Regulatory ect within applicable units

Fair Accountability

* Support Fair Accountability Process - based on incident RCA lead and support fair accountability at the appropriate unit level closely working with HR where needed

* Appropriate inputs to the senior managers on the performance ratings closely working with HR where needed


REQUIREMENTS

* Academic or Professional EducationQualifications As per Banks requirements and HR policy

* Licences and Certificationsaccreditation None

* Professional Memberships None

* Language English

Profile Summary

Type:Company Job

Deadline:13th Feb 2025

Company Profile

Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Groups business gradually increased in Dubai with the opening of several branches and today, Dubai is the administrative hub of the Middle East and South Asia Region. In its 43rd year, the Bank enjoys the position of having the most extensive branch network among foreign international banks in UAE with 10 branches emirate-wide.
Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. The three principal business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.
In UAE, we are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions.



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