Assist Business/Function Unit Head and UORM/SORO, in controlling the level of operational risk exposure that results from business/function unit activities.
• Undertaking periodic self-assessment on key controls to assess the proper functioning and adequacy of existing controls.
• Assisting in coordinating, facilitating and promoting understanding of operational risk and in implementation and management of OR within the Unit
Key Roles & Responsibilities
1. Operational Risk Policy and Governance
• Understanding of Group Operational Risk Policy and procedures.
• Learn and apply Business/Function unit related policies and controls.
• Clear understanding of local regulatory requirements.
• Awareness of group policies as they relate to the specific business area.
2. Operational Risk Management
• Identify external changes and their impact upon underlying risks and control effectiveness.
• Identify controls gaps from self assessment exceptions.
• Proactively identify potential risks and escalate concerns to UORM/SORO.
• Implement appropriate action plans to mitigate risks and issues identified.
• Assist line manager to manage and monitor actions on risks and issues and report status to UORM.
• Utilise Risk management tools (Optial and Phoenix systems) .
• Input of KCSA results to core systems on a timely basis.
• Navigate through Optial and Phoenix systems to obtain the key information to assist with operational risk management.
• Evaluate and present information on potential key exposure risk areas to line manager and UORM.
3. Business / Function Acumen (Refer to the relevant responsibility stated below)
• WB and CB specialist skills.
• Identify unit key risk areas.
• Refresh own knowledge on products , processes and controls relevant to business or segment
• Finance specialist skills
• Understand and implement as appropriate for the relevant responsibilities the requirements of the various Financial Policies with respect to FCP, FAP, MAP, IFRS, etc. in the functional specific areas.
• Identify any non-compliance.
• Implement the action plans to close the gaps identified, if any.
• HR specialist skills
• Identify opportunities to enhance the process to mitigate the risk exposures
• Technological / CRES specialist skills
• Identify business / function unit key risk exposures
4. Writing and communication capability
• Report OR and loss clearly on systems
• Be confident in having conversations about OR agenda to line management
Qualifications & Skills
A good Bachelor’s Degree majoring in Accounting, Commerce, Finance, Risk Management or other related discipline, from a reputable University.
• Committed, meticulous, courageous, equipped with good communication and writing skills
• At least 2-3 years working Operational Risk, Operational Support or Quality Assurance experience within the Financial Services industry.
Diversity & Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.
• Undertaking periodic self-assessment on key controls to assess the proper functioning and adequacy of existing controls.
• Assisting in coordinating, facilitating and promoting understanding of operational risk and in implementation and management of OR within the Unit
Key Roles & Responsibilities
1. Operational Risk Policy and Governance
• Understanding of Group Operational Risk Policy and procedures.
• Learn and apply Business/Function unit related policies and controls.
• Clear understanding of local regulatory requirements.
• Awareness of group policies as they relate to the specific business area.
2. Operational Risk Management
• Identify external changes and their impact upon underlying risks and control effectiveness.
• Identify controls gaps from self assessment exceptions.
• Proactively identify potential risks and escalate concerns to UORM/SORO.
• Implement appropriate action plans to mitigate risks and issues identified.
• Assist line manager to manage and monitor actions on risks and issues and report status to UORM.
• Utilise Risk management tools (Optial and Phoenix systems) .
• Input of KCSA results to core systems on a timely basis.
• Navigate through Optial and Phoenix systems to obtain the key information to assist with operational risk management.
• Evaluate and present information on potential key exposure risk areas to line manager and UORM.
3. Business / Function Acumen (Refer to the relevant responsibility stated below)
• WB and CB specialist skills.
• Identify unit key risk areas.
• Refresh own knowledge on products , processes and controls relevant to business or segment
• Finance specialist skills
• Understand and implement as appropriate for the relevant responsibilities the requirements of the various Financial Policies with respect to FCP, FAP, MAP, IFRS, etc. in the functional specific areas.
• Identify any non-compliance.
• Implement the action plans to close the gaps identified, if any.
• HR specialist skills
• Identify opportunities to enhance the process to mitigate the risk exposures
• Technological / CRES specialist skills
• Identify business / function unit key risk exposures
4. Writing and communication capability
• Report OR and loss clearly on systems
• Be confident in having conversations about OR agenda to line management
Qualifications & Skills
A good Bachelor’s Degree majoring in Accounting, Commerce, Finance, Risk Management or other related discipline, from a reputable University.
• Committed, meticulous, courageous, equipped with good communication and writing skills
• At least 2-3 years working Operational Risk, Operational Support or Quality Assurance experience within the Financial Services industry.
Diversity & Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.
Company Description
Standard Chartered PLC is a leading international bank, listed on the London, Hong Kong and Mumbai stock exchanges. It has operated for over 150 years in some of the world's most dynamic markets and earns more than 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank's growth in recent years.With 1,700 offices in 70 markets, Standard Chartered offers exciting and challenging international career opportunities for around 85,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. The Bank's heritage and values are expressed in its brand promise, Here for good.
