Operational Risk Manager

BeathChapman Pte Ltd; Sydney; On-site; AUD 90,000 - 130,000; Full time

Job summary

BeathChapman Pte Ltd is seeking a candidate to join an iconic international bank in Australia, covering a Risk Management role. The position focuses on updating policies, implementing risk frameworks, monitoring risk limits, and coordinating with APRA and auditors.

The role requires 3–5 years in operational risk, a finance/business degree, and fluency in English and Mandarin. This is a mat leave cover with potential extension, based in Sydney.

Qualifications

• 3-5 years’ experience in operational risk & controls
• Tertiary qualification in finance or business
• Good updated understanding of APRA and regulatory requirements
• Detailed knowledge of operational risk principles and concepts
• High attention to detail with autonomy and teamwork
• English and Mandarin proficiency is essential

Responsibilities

• Update the Branch’s Operational Risk Policies and Procedures with regulatory updates
• Implement risk management framework into BAU
• Update and monitor the Branch’s risk limits in line with policies
• Monitor risk management activities and conduct risk workshops
• Conduct half-yearly operational risk assessments and rank risks
• Assist business units in developing risk profiles and controls
• Review risks of new products and processes
• Coordinate with APRA and auditors
• Maintain documentation and prepare monthly reports for Management

Skills

Operational risk

Regulatory knowledge

Policy development

Risk assessment

English & Mandarin

Education

Bachelor's degree in finance/business

Job description

The Organisation

You will join an iconic international bank with progressive footprints and organic growth in Australia, in their well established Risk Management team. This role is a Mat Leave Cover until June 2020 with the view to extend.

Key Duties and Responsibilities

1. Update the Branch’s Operational Risk Policies and Procedures with regards to regulatory updates and risk management principles.


2. Implement risk management framework and relevant policies and procedures into BAU.


3. Update and monitor the Branch’s risk limits in accordance with principles stated in relevant policies (e.g. Operational, Incident Management, etc.).


4. Monitor risk management activities and conduct risk workshops as per schedule.


5. Conduct half-yearly operational risk assessment, identify and rank prominent operational risks of the Branch.


6. Assist the business units in developing risk profiles, and design appropriate controls.


7. Review and assess potential risks associated with new products and processes.


8. Assist Department Head to coordinate with external parties (such as APRA, internal and external auditors).


9. Maintain documentations and prepare monthly reports to Management and Committee.


10. Other ad-hoc works when required.

Requirements

1. 3-5 years’ experience in an operational risk & controls (Line 1, 2 or 3), preferably in Australian Banking / Big4 consulting firms.


2. Tertiary qualified or above in finance/business.


3. Good updated understanding of APRA and other regulatory requirements impacting a foreign ADI’s operation.


4. Detailed knowledge of principles, practices, theories and concepts relating to operational risk management.


5. High attention to detail, with demonstrable autonomy and teamwork.


6. Speaking and reading proficiency in both English & Mandarin is essential.