About this role
<p style="margin-bottom:13.0px;text-align:justify"><span style="font-size:14.0px"><span style="font-family:Arial, Helvetica, sans-serif"><span><b><span style="color:#3498db">Position Title: </span></b>Business Risk Officer</span></span></span></p> <p style="margin-bottom:13.0px;text-align:justify"> </p> <p style="margin-bottom:13.0px;text-align:justify"><span style="font-size:14.0px"><span style="font-family:Arial, Helvetica, sans-serif"><span> </span><b><span style="color:#3498db">Job Summary:</span></b></span></span><br> </p> <ul> <li class="MsoNoSpacing" style="text-align:justify"><span style="font-size:14.0px"><span style="font-family:Arial, Helvetica, sans-serif"><span>Lead and guide the business line management and personnel in its risk management responsibilities on a day to day basis, specifically identifying, managing and reporting operational risks inherent in the products, activities, processes and systems for which they are accountable.</span></span></span></li> </ul> <p style="margin-bottom:13.0px"> </p> <p style="margin-bottom:13.0px"><span style="font-size:14.0px"><span style="font-family:Arial, Helvetica, sans-serif"><span><b><span style="color:#3498db">Role Exposure:</span></b></span></span></span><br> </p> <ul> <li style="text-align:justify"><span style="font-size:11.0pt"><span><span style="font-family:Calibri, sans-serif"><span style="font-size:10.5pt"><span style="font-family:'Arial', sans-serif">Direct the implementation of the risk management framework; communicate its benefits and business value by promoting and spearheading the use of the various risk management tools.</span></span></span></span></span></li> <li style="text-align:justify"><span style="font-size:11.0pt"><span><span style="font-family:Calibri, sans-serif"><span style="font-size:10.5pt"><span style="font-family:'Arial', sans-serif">Conduct quality risk assessments and perform deep dive analysis to identify process and control gaps including root causes of risks.</span></span></span></span></span></li> <li style="text-align:justify"><span style="font-size:11.0pt"><span><span style="font-family:Calibri, sans-serif"><span style="font-size:10.5pt"><span style="font-family:'Arial', sans-serif">Ensure the business line specific policies, processes, and procedures are adequate and effectively implemented. Identify the unit’s risk management training needs and ensure appropriate education is provided</span></span></span></span></span></li> <li style="text-align:justify"><span style="font-size:11.0pt"><span><span style="font-family:Calibri, sans-serif"><span style="font-size:10.5pt"><span style="font-family:'Arial', sans-serif">Assist the business unit in developing risk responses, establishing risk mitigating actions and solutions and defining timetables and accountabilities. Ensure that the risk mitigation strategies and processes as approved by the board and senior management are executed.</span></span></span></span></span></li> <li style="text-align:justify"><span style="font-size:11.0pt"><span><span style="font-family:Calibri, sans-serif"><span style="font-size:10.5pt"><span style="font-family:'Arial', sans-serif">Determine the unit’s risk exposures, emerging risks and risks that would have an impact to other business units and communicate to Senior Management</span></span></span></span></span></li> <li style="text-align:justify"><span style="font-size:11.0pt"><span><span style="font-family:Calibri, sans-serif"><span style="font-size:10.5pt"><span style="font-family:'Arial', sans-serif">Regularly review identified key risks, internal scontrols and operational risk mitigation strategies and processes within the business unit to effectively manage operational risks within approved risk tolerance, and consistent with enterprise – wide policies and procedures established. </span></span></span></span></span></li> <li style="text-align:justify"><span style="font-size:11.0pt"><span><span style="font-family:Calibri, sans-serif"><span style="font-size:10.5pt"><span style="font-family:'Arial', sans-serif">Provide regular risk updates by preparing risk management reports for reporting to various bank level and board level committees articulating significant risk exposures that need immediate attention.</span></span></span></span></span></li> <li style="text-align:justify"><span style="font-size:11.0pt"><span><span style="font-family:Calibri, sans-serif"><span style="font-size:10.5pt"><span style="font-family:'Arial', sans-serif">Intervene and escalate instances when risk management efforts are hampered such as individuals attempting to stifle risk management</span></span></span></span></span></li> </ul> <p style="margin-bottom:11.0px;text-align:justify"> </p> <p style="text-align:justify"><span style="font-size:14.0px"><span style="font-family:Arial, Helvetica, sans-serif"><span><b><span style="color:#3498db">Qualifications:</span></b></span></span></span></p> <p style="text-align:justify"> </p> <ul> <li><span style="font-size:14.0px"><span style="font-family:Arial, Helvetica, sans-serif">Good understanding of operational risks and controls, preferably gained through experience in front line, operations or risk roles.</span></span></li> <li><span style="font-size:14.0px"><span style="font-family:Arial, Helvetica, sans-serif">Proven problem solving skills with ability to consider alternative and lateral solutions. </span></span></li> <li><span style="font-size:14.0px"><span style="font-family:Arial, Helvetica, sans-serif">Highly developed communication, networking and influencing skills</span></span></li> <li><span style="font-size:14.0px"><span style="font-family:Arial, Helvetica, sans-serif">Ability to prioritize and work independently under pressure within a team environment</span></span></li> <li><span style="font-size:14.0px"><span style="font-family:Arial, Helvetica, sans-serif">Knowledge of the changing regulatory environment</span></span></li> <li><span style="font-size:14.0px"><span style="font-family:Arial, Helvetica, sans-serif">A sound knowledge of the business line where he/she will be assigned in terms of products, services and operations.</span></span></li> <li><span style="font-size:14.0px"><span style="font-family:Arial, Helvetica, sans-serif">Leadership, management and coaching skills</span></span></li> </ul> <p> </p> <p><span style="color:#3498db"><span style="font-family:Arial, Helvetica, sans-serif"><span style="font-size:14.0px"><b>Other details:</b></span></span></span></p> <p><span style="color:#3498db"><span style="font-family:Arial, Helvetica, sans-serif"><span style="font-size:14.0px"><b>Unit:</b></span></span><span style="font-family:Arial, Helvetica, sans-serif"><span style="font-size:14.0px"><b> </b></span></span></span><span style="font-family:Arial, Helvetica, sans-serif"><span style="font-size:14.0px">Operations Group / Strategy Management and Support Division</span></span></p> <p><span style="color:#3498db"><span style="font-family:Arial, Helvetica, sans-serif"><span style="font-size:14.0px"><b>Location:</b></span></span></span><span style="color:#3498db;font-family:Arial, Helvetica, sans-serif"><span style="font-size:14.0px"><b> </b></span></span><span style="font-family:Arial, Helvetica, sans-serif"><span style="font-size:14.0px">The Shops, BGC</span></span></p>