Manager Operational Risk

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

Job summary

A leading financial organization in Islamabad is seeking a candidate for operational risk management. Responsibilities include conducting assessments, preparing reports, and developing incident reporting mechanisms. The ideal candidate has a Bachelor's degree in Finance or Economics and 3-5 years of experience in the banking sector. Strong interpersonal and communication skills are essential for conducting training sessions.

Qualifications

• 3-5 years of experience in accounting, finance, risk management, or banking industry.

Responsibilities

• Execute operational risk assessments of business units.
• Prepare risk assessment reports based on data analysis.
• Develop mechanisms for incident reporting and loss database.
• Conduct awareness and training sessions at assigned branches.
• Prepare and maintain reports of all tasks assigned.

Skills

Effective interpersonal skills

Strong time management skills

Sound knowledge of banking products

Problem-solving abilities

Adaptability skills

Education

Bachelor’s degree in Finance, Economics, or related fields

Job description

Job Responsibilities

1. Operational Risk Assessment of Branches/Units and Bank Policies & Procedures Reviews
2. Execute operational risk assessments of business units by visiting sample units to oversee control effectiveness. Collaborate with Business & Functions representatives to gather control and risk metrics for monitoring Operational Risk KRIs.
3. Conduct periodic reviews of bank policies, procedures, and products to identify gaps and ensure regulatory compliance, proposing banking best practices proactively.
4. Prepare risk assessment reports based on data analysis.
5. Ensure effective implementation and annual update of bank-wide risk registers, KRIs, KPIs, and internal control sample testing.
6. Review OR Assessments periodically to reflect environmental changes, controls, and treatment plan progress.
7. Utilize mathematical and statistical skills to develop risk models supporting Operational Risk Management.

Development & Implementation of Incident Reporting, Loss Database & Risk Management Tools

8. Develop mechanisms for incident reporting and loss database covering all bank-wide near-misses and losses.
9. Report and escalate significant operational risk events.
10. Quantify operational risk using incident and loss data modeling.
11. Conduct root cause analysis for relevant events and communicate updates to senior management.
12. Maintain database for Ubank Goldsmith Panel/surveyors, ensuring due diligence and record keeping of panelist movements.

Awareness & Training

13. Conduct awareness and training sessions at assigned branches.

Reporting, Record/Data Maintenance

14. Prepare and maintain reports of all tasks assigned, including special tasks.

Technical Competency and Skills

15. Effective interpersonal, communication, team building, and management skills.
16. Strong time management skills.
17. Sound knowledge of Ubank products, processes, and policies.
18. Interpersonal, problem-solving, decision-making, and adaptability skills.

Experience and Qualifications

19. Bachelor’s degree in Finance, Economics, or related fields.
20. Preferably 3-5 years of experience in accounting, finance, risk management, or banking industry.