Operation Risk Manager - APAC

  • Attractive Bonus + Package
  • Hong Kong Hong Kong Hong Kong HK
  • Permanent, Full time
  • Robert Walters Hong Kong
  • 18 May 18 2018-05-18

* To support and control the implementation of the Operational Risk Framework (ORF) across the APAC Risk function and embed the Business-as-Usual (BAU) requirements to ensure a robust sustainable process going forward. To facilitate engagement and interface between the Risk function and Business (including Support Functions)


Operational Risk Framework (ORF) Implementation:

  • Support the risk team in the implementation of the Operational Risk Framework Implementation Program (ORFIP) across APAC
  • Assessment of effectiveness of controls defined by the process and control owners in mitigating the stated Potential Failure at the group, regional, country and counterparty level
  • Validation of Gross (Inherent) Risk Ratings for identified Risk events/ sub-processes / Potential Failures
  • Partner with business / process owners, first line and risk team to develop additional controls where the residual risk is deemed unacceptable at the regional and country level or to remove superfluous controls where they are unnecessary
  • Defining the level of assurance, Key Risk Indicators (KRI's), developing Key Control Indicators (KCI's) and Control Sample Tests (CST's) necessary to provide an appropriate level of comfort that the controls are operating as specified
  • Undertake assurance reviews at desk, country and regional level to ensure that the ORF has been fully imbedded into the business and functions
  • Participate in delivering operational risk and policy trainings and in the execution of stress testing workshops to engage the business and advise in determining the APAC's regulatory capital requirements
  • Propose changes / updates to the policies, procedures, processes and /or guidelines as needed to ensure robust and proactive compliance with all Operational Risk policies;
  • Review and assessment of Incident & Error Reports to identify key themes in internal risk events.

Operational Risk Framework (ORF) Business-as-Usual:

  • Develop necessary Management Information to gather data from the ORF and present to relevant management and governance committees in a meaningful manner
  • Assess the control assurance results from the APAC countries to determine whether the controls are operating as designed / described
  • Determine where additional or redesigned controls are needed where the existing ones prove to be insufficient
  • Identify how changes in regulation in partnership with the Compliance team, policy or procedure impact the various risk types across APAC and ensure these are appropriately dealt with to ensure the Operational Risk Framework remains current;
  • Ensure necessary increases in residual risk are tabled for acceptance at the appropriate risk governance committees
  • Provide appropriate evidence, commentary and advice to the first line of defence


Knowledge and Experience

  • The role requires an individual with sound judgement of operational risk and control with circa 6 to 8 years+ of practical experience in Risk Management, or Audit or Global Market's Middle Office role in the Financial Services organisation

Required Competencies

  • Personal "gravitas" is required to provide diplomatic challenge when required and appropriate to front office and senior management colleagues
  • Desire to learn other risk disciplines such as market, credit
  • Quality control, with excellent attention to detail
  • Excellent understanding of Operational Risk, methodology and principles
  • Practical experience of having developed Operational Risk policies, including having implemented processes and controls within a financial institution
  • Previous exposure to Internal Audit, Compliance, Regulatory & Legal risk matters
  • Advanced skills in MS Office (Word, Excel, PowerPoint, Outlook)
  • Experienced working with Front Office (Trading, Markets, Sales or Broking)
  • Strong communication, analytical and personal organisational skills
  • Excellent written and oral communication skills in English; fluency in Cantonese/ Mandarin is a must;
  • Service-oriented and adaptable and resilient approach