Assistant Manager Operational Risk

ACCA Careers; Islamabad; On-site; PKR 1,400,000 - 2,000,000; Full time

Job summary

A leading financial organization based in Islamabad is seeking a professional for operational risk assessment responsibilities. Ideal candidates will have a Bachelor's degree in Finance or Economics and 3-5 years of relevant experience. The role involves conducting assessments, developing incident reporting mechanisms, and providing training sessions. Strong communication and time management skills are essential. This position offers the opportunity to work in a dynamic financial environment.

Qualifications

• 3-5 years of experience in accounting, finance, risk management or banking.
• Sound knowledge of banking products and policies.

Responsibilities

• Conduct operational risk assessments of business units.
• Assist in development of incident reporting and loss database.
• Prepare and maintain reports on assigned tasks.

Skills

Effective Interpersonal skills

Time management skills

Problem solving and decision-making

Education

Bachelor's Degree in Finance, Economics or related fields

Job description

Job Responsibilities

Operational Risk Assessment of Branches/ Units and Bank Policies & Procedures Reviews

Execution operational risk assessment of business units by visiting sample business units to oversee the effectiveness of control implemented. Work with Business & Functions representatives to receive control and risk metrics in order to monitor Operational Risk KRIs Perform and assist in conducting periodic review of Bank policies, procedures and products for identifications of gaps and to ensure regulations are adhered to at-least and banking best practices are being proposed as a proactive approach where needed Review risk assessment reports in connection with data gathered/ analyzed Ascertain and confirm that bank/units wide risk registers, KRIs, KPIs, and internal control sample testing are effectively implemented with annually Updation. Periodically review OR Assessments to ensure these appropriately reflect changes in environment, mitigating controls and the progress of treatment plans Utilizing mathematical and statistical knowledge to assist with the building of various risk models in support of Operational Risk Management

Development & Implementation Incident Reporting, Loss database & Risk Management Tools

Assist in Development of mechanism for Incident reporting & loss data base that covers each and every bank wide near-miss/ losses Report and escalate significant operational risk events to Quantify the Operational Risk using Incidents & loss data base modeling Conduct Root Cause Analysis (where require) for relevant events and give information/ updates to Chief Risk Officer/ Senior Management as appropriate

Awareness & Training

Conduct awareness and training sessions at assigned branches

Reporting, Record/ Data Maintenance

Preparation and maintenance of Reports of all tasks assigned on regular basis or special tasks

Technical Competency And Skills

Effective Interpersonal, Communication, Team Building and Management skills/ abilities Time management skills Sound knowledge of Ubank products/ process and polices Interpersonal skills Problem solving and decision-making

Experience And Qualification

Minimum Bachelor Degree preferably in Finance, Economics or related fields

Preferably 3-5 years accounting, finance, risk management or banking industry related experience