Associate Vice President, Business Operational Risk and Governance

Associate Vice President - Business Operational Risk and Governance

As Associate Vice President, Business Operational Risk and Governance, you will be responsible for reviewing and improving processes and activities within Retail Bank, focusing on the Investment product space. You will identify and mitigate operational/regulatory risk and issues.

What You’ll Do

• Identify and review processes within the Retail Banking Unit for operational and regulatory gaps or lapses.
• Review identified gaps and risks with units and develop action plans with defined action owners and timelines to address the issues.
• Recommend appropriate measures for improvement in processes for units reviewed.
• Share the learning from a review with other team members and with other teams, as necessary.
• Support governance and controls on areas requiring attention to embed a culture of good governance across all business sub-units.
• Assist units with the investigation of operational risk events, fraud incidents, and review of operations with respect to existing and new regulations.
• Map the process to the relevant operating procedures and relevant regulatory requirements.
• Analyze the data the unit is maintaining, fetched from the systems or manually maintained, and map the same back to the laid down process.
• Identify gaps between data and process, if any.
• Discuss, review, and document with the unit the manner in which the unit completes its tasks and variances from best practices, if any.
• Review unit communications going out to customers, ensuring CPF and Regulatory Compliance guidelines are adhered to by units.
• Review internal MIS maintained in the unit to identify gaps or areas of improvement.
• Manage RCSA control testing, periodic RCSA reviews, monitoring of KRI, and periodic KRI reviews for frontline business units.
• Manage risk process enablement and updates for business units.

Skills

What We're Looking For

• Bachelor's degree, preferably in Commerce, Finance, IT, Engineering, or similar; MBA holders will have an added advantage.
• Preferred certification or experience in Investment Risk Management, Operational Risk, Financial Analysis, etc.
• Minimum 5 years of experience in investment products – Mutual Funds, Bonds, Structured Products, FX, stocks, futures and options, alternative investments including virtual assets, etc.
• Prior working experience in product management, market risk, operational risk, middle office, or audit functions in banks or SCA regulated entities.