Senior Operational Risk Manager Job Description
Senior operational risk manager
provides management with independent and objective end-to-end Operational Risk oversight in line with the Enterprise Risk Management Framework and Operational Risk Framework.
Senior Operational Risk Manager Duties & Responsibilities
To write an effective senior operational risk manager job description, begin by listing detailed duties, responsibilities and expectations. We have included senior operational risk manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Implement operational risk analytics with insight into their key risk areas both on a current basis on a predictive basis
Provide IT Operational Risk advice and counsel to the GTI Pillars Executive and Management, eg
Lead the implementation of IT Risk Framework, GTI Enterprise Risk Control Framework, projects and processes that mitigate IT operational risk in GTI pillars under the incumbent’s portfolio
To use significant business acumen, impact and influence skills to persuade 1st line of defense to implement the necessary activities required to bring escalated operational risk exposures back to within approved risk appetite
Assessing and monitoring of compliance with the Financial Control Framework (FCF)
Analysing results of the regular self-assessment of the Finance Control Standards (FCS) and completing the Finance Operational Risk Assessments
Conducting targeted Quality Control Reviews on effectiveness of key controls and compliance
Providing training to ANZ Finance staff on the FCF and the FCS
Developing the tools, processes and systems which support the FCF and FCS
Communicating or presenting new or amended policies to relevant Finance staff
Senior Operational Risk Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Senior Operational Risk Manager
List any licenses or certifications required by the position: ISACA, CRISC, ISRP-SCO, CEH, AMA, EORM, CMQ, CSP, ORM, CISM
Education for Senior Operational Risk Manager
Typically a job would require a certain level of education.
Employers hiring for the senior operational risk manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Business, Accounting, Management, Economics, Law, Graduate, Education, Engineering, MBA
Skills for Senior Operational Risk Manager
Desired skills for senior operational risk manager include:
Audit methodologies and processes
Capital Markets and current regulatory environment in the Financial Service Industry
Corps Act - ideal
Current risk management practices
French
NCCP
Operational risk and the associated framework
Privacy Act
Risk frameworks combined with a solid business understanding ideally gained in a top tier international bank
Approving and implementing change
Desired experience for senior operational risk manager includes:
8+ years of relevant work experience in Risk/Compliance in the financial services industry
Strong knowledge of BMO and regulatory environment
Strong relationship management skills, excellent communication skills – written, verbal and presentation skills
Superior organization skills, time management skills and execution abilities
Business partnering and identifying high-risk areas
Regular checking and reporting of local regulations and all other enterprise risk management policy requirements
Senior Operational Risk Manager Examples
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Senior Operational Risk Manager Job Description
Job Description Example
Our company is growing rapidly and is hiring for a senior operational risk manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for senior operational risk manager
- Lead the initiative to identify relevant and measurable key risk indicators (KRIs), key control indicators (KCIs), and/or key performance indicators (KPIs)
- Define tolerance levels for escalating and reporting to executive and board level risk committees
- Development/monitoring of risks, controls, testing, remediation and reporting of significant risk and control issues
- Drive employee development and engagement through effective leadership and coaching
- For assigned jurisdictions, legal entities and businesses, under fully delegated authority, responsible to challenge and escalate business decisions that would place the business outside the risk appetite
- To support the management and delivery of the risk and control identification and assessment program that is conducted in IB units
- Review and challenge risk information provided along with the associated mitigation actions
- Ensure key operational risk exposures are reported and escalated to management, divisional risk management and that mitigating actions are identified and taken as appropriate
- Assist the Operational Risk Head in sharing of key information, including risk exposures, loss data and risk management/control best practices across the Division (including with other divisional risk/compliance/control officers) and liase with other Divisions to incorporate any learnings
- Scoping and managing the completion of independent Quality Control Reviews across high risk areas on effectiveness of key controls and compliance with the Financial Control Standard (FCS)
Qualifications for senior operational risk manager
- More than 8 years of experience in risk management / compliance / audit
- Significant relationship management experience - with internal/external stakeholders at the most senior levels
- Ability to explain IT risk, vendor risk, outsourcing risk, people risk, fraud risk, and anti-money laundering risk to business leaders
- Minimum of ten years proven and progressive information technology audit experience or minimum of fifteen years proven and progressive technology operations/system development experience or equivalent, including a minimum of five years proven managerial experience or equivalent
- Minimum of a bachelors degree in business, information systems, accounting, finance, related field or equivalent experience
- High level of technical proficiency in knowledge in IT platforms, networks, databases and applications, good security awareness & knowledge, IT trends, emerging technologies and E-business areas
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Senior Operational Risk Manager Job Description
Job Description Example
Our growing company is looking for a senior operational risk manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for senior operational risk manager
- Enhance Reporting to RMG and Business Management
- Applicants should have a third level qualification (degree or similar) in a relevant subject
- Masters and / or relevant professional qualifications will be an advantage
- Minimum 5 years relevant experience, with significant financial services or Payments exposure
- Experience in leading or contributing to delivering good data quality outcomes
- Track record of developing and implementing risk tools in a financial services environment
- Maintaining risk registers and / or loss data collection within a banking environment
- Experience in process mapping, capturing process flows
- Completing process risk and control assessments
- Ability to engage and manage stakeholder relationships and expectations and demonstrate sound communication, negotiating and influencing skills
Qualifications for senior operational risk manager
- Proven leadership skills, along with strong program and project management capabilities and experience
- Strong communication skills, comfortable in providing presentations and conducting facilitation sessions
- Strong relationship building skills to build effective working relationships with Business Units and Corporate
- Relevant business-line experience in GBM
- ERPM employees and executives
- LOB senior management and executives
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Senior Operational Risk Manager Job Description
Job Description Example
Our company is searching for experienced candidates for the position of senior operational risk manager. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for senior operational risk manager
- Develops, maintains and evolves a comprehensive program for monitoring and analyzing controls, including supporting data, tools and technology
- Provides expertise for support of audit activity
- Coordinates and works closely with Legal, Compliance, Enterprise Risk, and Audit to develop processes for managing business risks, execution of controls and oversight, ensuring business practices comply with regulatory procedures
- Partners with Enterprise Risk Management (ERM) to advance understanding in the field of business risk and control management
- Develops and executes risk and control consulting activities for assigned areas of responsibility in accordance with internal standards, relevant government statutes and regulations
- Oversees multiple engagements concurrently from planning through reporting and produces quality deliverables in accordance with both department and professional standards
- Directly manages Managers and staff and performs human resource management activities, including identifying performance problems and developing plans for remedial action
- Establishes strong relationships with senior leaders, including executive management, and related control groups
- Manages expenses to budget, solving for department inefficiencies and excess spending
- Ensure timely implementation of corporate operational risk policies and standards
Qualifications for senior operational risk manager
- Degree holder or its equivalent
- The jobholder has to possess good knowledge on banking regulations and operations, and audit and control concepts in order to develop a set of effective standard guidelines that can be implemented
- Minimum of a Bachelors degree in information systems, accounting, finance or related field
- Strong working knowledge of operational risk management practices, process reviews control design and testing
- Exceptional organizational skills with the ability to prioritize many different competing requirements simultaneously flexibility to adapt to changing priorities
- Excellent relationship management skills and proven ability to work successfully with diverse stakeholder groups
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Senior Operational Risk Manager Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of senior operational risk manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for senior operational risk manager
- Responsibility for progressing enhancements of risk framework elements which to provide greater insight into Operational Resilience and Critical Economic Functions
- Assist with regulatory requests for risk focussed information on Operational Resilience
- Develop the reporting capability of Operational Resilience risk information and investigate ways of automating the production of the information
- Own the Risk framework, methodology and requirements for EMEA, supplementing global policy where required, develop common procedures and processes for EMEA to drive consistent application of the Risk Framework across Lines of Business (LoB) and Legal Entities (LEs)
- Oversee the implementation of the Risk framework in EMEA, coordinating the execution of elements as required risk register, emerging risks, risk appetite
- Ensure that all regulatory requirements for the Risk framework are incorporated in EMEA policy and processes
- Define the Risk framework strategy for EMEA including benchmarking best practice internally and in the industry best practice on Risk framework related matters with LoB and LE risk managements
- Develop the Risk framework to support high quality risk capital modelling including contributing to developing the risk model methodologies
- Maintain a close relationship and coordinate all Risk framework related matters with the local regulators, assessing local regulation and regulatory action on Risk framework matters, determine and communicate the effect on our businesses
- Develop, coordinate and provide Risk framework related training
Qualifications for senior operational risk manager
- Strong self-motivated team player, who possesses the ability to handle multiple work streams and ad-hoc tasks simultaneously
- Strong interpersonal skills / ability to develop relationships with peers in business unit and Control groups
- Strong knowledge in Prepaid or any Commercial businesses (Corporate, Foreign Exchange Services, US OPEN, International Small business Services) which includes understanding of business model, execution methods, teams and processes, system capabilities and linkages
- Understanding of control and compliance requirements and ratings and then, translating them to Reporting Capabilities
- Strong Expertise in ORE Reporting and working knowledge of reporting tools such as Tablue, Blue light
- Possess extensive experience in operational risk and compliance gained predominantly by partnering with GM level of complex business structures
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Senior Operational Risk Manager Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of senior operational risk manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for senior operational risk manager
- Monitor the timely submission of completed RCSAs and other risk assessments from the business units, and review trends and new risks identified
- Develop operational risk management practices, policies, procedure and internal controls to reduce operational risk, that are in line with the policies of the group and the regulatory framework of the financial industry
- Facilitate and coordinate regular operational risk assessment carried out by business functions
- Advise senior management on any operational risks they encounter and the suggested course of action to address these risks
- Monitor risk policies and tools to determine their effectiveness and for ongoing improvement
- Possess leadership presence to promote operational risk culture, train and motivate staff to adopt new operational risk management practices
- Reports suspicious activity
- Handle operational risk related projects and work closely with other operational risk teams globally
- Ensure the organization’s compliance is with all relevant laws, regulations and guidelines
- Builds strong relationships and interacts with senior management
Qualifications for senior operational risk manager
- Experience in financial industry risk, control, and governance disciplines (e.g., operational risk, audit, third party risk management.)
- Prior experience with Phone Channel, ATM Channel, and CCR businesses, risk and control and reporting/analytics functions or audit is an asset
- Skillful communication (written and verbal), negotiation and conflict management skills
- Lead a team of risk management professionals in the execution of second line oversight and independent challenge of ORM activities for TDI businesses
- Ability to thrive in a face paced, dynamic, detail oriented environment with a high level of ambiguity
- Strong ability to interact with Sr