AM/M Operational Risk Management (Multiple Banks)

Gravitas Recruitment Group (Hong Kong) Limited; Hong Kong; On-site; HKD 600,000 - 1,000,000; Full time

Job summary

Gravitas Recruitment Group (Hong Kong) Limited is seeking a high-caliber risk professional to join its Operational Risk Management team in a prominent retail and commercial banking operation in Hong Kong. The role focuses on governance, HKMA compliance, and embedding a proactive risk culture across operations.

The successful candidate will lead RCSA exercises, incident investigations, KRI management, and regulatory liaison, ensuring robust risk controls and timely reporting to the ORM Committee.

Qualifications

• 3–8 years of operational risk management experience in banking.
• Hands-on with HKMA SPM OR-2 guidelines and capital adequacy frameworks.
• Strong data analysis and reporting capabilities.
• Professional qualifications such as FRM or HKIB are a plus.

Responsibilities

• Maintain and update policies aligned with HKMA SPM OR-1/OR-2/SA-2.
• Lead operational risk assessments under SPM OR-2; capital, data, scenario analysis.
• Oversee RCSA exercises; conduct control testing and gap analysis.
• Investigate risk events; perform root-cause analysis and track CAPs.
• Monitor KRIs and manage loss data for regulatory reporting.
• Prepare risk dashboards and committee papers for ORMC and HKMA queries.

Skills

RCSA

Incident analysis

KRI management

Regulatory knowledge

Data analysis

MS Excel

PowerPoint

Education

Bachelor's degree in Risk Management, Finance, Business Administration, Accounting, or related

Tools

MS Excel

PowerPoint

Job description

Our client, a prominent retail and commercial bank in Hong Kong, is seeking a high-caliber risk professional to join their Operational Risk Management team. This role plays a vital part in maintaining robust risk governance, ensuring regulatory compliance with Hong Kong Monetary Authority (HKMA) standards, and partnering with business units to embed a proactive risk culture across retail and commercial banking operations.

Key Responsibilities

• Framework & Policy Governance: Maintain and update operational risk management policies to ensure full alignment with internal group risk appetite standards and HKMA Supervisory Policy Manuals (specifically SPM OR-1, OR-2, and SA-2).
• HKMA OR-2 Implementation & Compliance: Lead operational risk assessments under SPM OR-2 guidelines, covering operational risk capital calculation requirements, loss data collection, and scenario analysis exercises.
• RCSA & Control Testing: Oversee end-to-end Risk and Control Self-Assessment (RCSA) exercises across retail and commercial banking portfolios, conducting key control effectiveness testing and gap analysis.
• Incident Management & Investigation: Investigate operational risk events, near-misses, and loss incidents; perform rigorous root cause analyses and track Corrective Action Plans (CAPs) to successful completion.
• KRI & Loss Data Analytics: Monitor Key Risk Indicators (KRIs), manage threshold breaches, and maintain the bank's central operational loss database for executive and regulatory reporting.
• Committee Reporting & Regulatory Liaison: Prepare comprehensive risk dashboards, executive summaries, and committee papers for the Operational Risk Management Committee (ORMC), while assisting with HKMA regulatory inquiries.

Requirements

• Education: Bachelor's degree in Risk Management, Finance, Business Administration, Accounting, or a related discipline.
• Experience: 3 to 8 years of solid operational risk management experience within retail, commercial, or corporate banking.
• Regulatory Knowledge: Sound understanding of HKMA SPM standards, with direct, hands-on exposure to SPM OR-2 guidelines and capital adequacy frameworks.
• Technical & Analytical Competencies: Proven expertise in executing RCSAs, conducting incident investigations, setting up KRI frameworks, and managing loss event databases. Advanced proficiency in MS Excel and PowerPoint for data analysis and executive reporting.
• Professional Qualifications: Relevant certifications such as AORP / CORP (HKIB ECF), FRM, or professional risk designations will be viewed as a strong advantage.
• Language Proficiency: Excellent command of written and spoken English and Chinese (Cantonese and Mandarin).