Operational Risk Manager

We are looking for an Operational Risk Manager who has demonstrated high calibre, ownership and work ethics towards achieving tangible results in similar roles in wholesale banking:

- Work closely with the Regional Head of Operational Risk/CRO in the implementation of an effective operational risk management framework and to promote ownership, management and compliance of risks in order to comply with Rabobank’s Operational Risk Management policies (including Outsourcing Policy);
- Collaborate with Technology Risk in the alignment of technology risk management policies and processes with that of OR, as well as the day to day execution which involve business operational and technology topics;
- Subject Matter Expert in Risk and Control Framework facilitating the business lines to be ‘in control’ with timely identification and analysis, reporting of risks and losses as well as recommend and facilitate the implementation of sufficient controls to meet internal, and external/regulatory requirements and standards;
- Perform reconciliation of actual loss amount arising from reported operational incidents with Finance and Control Department;
- Conduct risk awareness through Risk & Control Partners (RCP) gathering sessions, special and ongoing governance projects;
- Perform duties & responsibilities specific to department functions & activities and as required or assigned by supervisor;

Primary day to day duties and activities include the facilitation of:
**Risk Identification**:

- Promote the identification of operational risks, including timely incident reporting by providing guidance to Risk Owners and RCP; play the role of 2nd line of defence in challenging the assessment of risks and controls,
- Assist in addressing control deficiencies that surfaced as a result of a loss event, and / or exposure identified during an investigation from either an internal / external audit or regulatory review.
- Ensure essential operational risk policies and regulations are maintained/updated, communicated and disseminated to the staff on a timely basis.
- Close monitoring of Outsourcing activities in the pipeline and provide guidance to Project Manager and Outsource Owner of the Outsourcing requirements.

**Risk Mitigation**:

- Review and implement operational risk management framework, including control tools & measurements.
- Co-ordinate with Risk Owners (ROs) / RCPs in determining proper controls for each risk based on the risk appetite of the Management Team and/or relevant Local Risk Committees.
- Review and challenge root cause analysis on identified risk events and recommend improvements to prevent recurrence.

**Risk Monitoring**:

- Co-ordinate with business and support functions to evaluate the assessment of the effectiveness of the controls for all identified risks periodically and key risks on a continuous basis.
- Close monitoring of the completion of all action plans to ensure agreed upon changes are completed to address identified control weakness.
- Maintain Outsourcing Register, initiate annual Outsourcing Assessment; review and challenge the assessments submitted by the Outsource Owner.

**Risk Reporting**:

- Prepare management reports and provide independent view to senior management for decision making from strategic risk perspective.
- Initiate periodic review on business activities, including risk and control self-assessment, in order to assess the effectiveness of the control measures and identify new risks.
- Reiterate timely identification and reporting of significant risks and losses.
- Prepare and analyse monthly Dashboard reports on the operational risks involved (incidents) and yearly trends for submission to the Governance Committees.

**Min Education Qualifications**:

- Degree in Accounting, Finance or Business related discipline.
- Relevant professional qualification, e.g. CFA, FRM, PRM or ORM designation would be an added advantage

**Relevant Experience Required**:

- Minimum 10 years’ relevant Operational Risk or related experience gained from reputable international banks incorporating management and supervisory skills with at least 5 years’ experience with exposure to wholesale banking and capital markets in Asia, preferable with good understanding of trade, corporate lending and fundamental treasury products.

**Other Skills Required**:
Good presentation skills and knowledge of
- Operational risk management principals and framework (including guidelines on business continuity and outsourcing), policies, and reporting (including tools, techniques, and systems etc);
- IT and operations (transactions and settlement processing);
- Financial products in trading and commercial activities;
- Experience in or familiarity with technology risk management is a plus