Assistant Vice President - Risk - BFSI

- Ensure continuous improvement of risk management and internal control processes in order to reduce the operational risk faced by the Bank.

- Ensure consistency in the implementation of processes, increase risk awareness of the staff members, monitoring of issues that may affect the bank business, and identification of early warning signals.

- Responsible to identify and evaluate operational risks arising from new processes, regulatory and thematic risks, and assisting in the implementation of appropriate controls to mitigate these risks in the Bank.

- Responsible for identifying knowledge gaps, and assisting in the development of training on Operational Risk

- Participate in periodic peer reviews to ensure consistency of risk management approach and support the Operations in embedding best practices

- Responsible for escalation of issues, blockages, challenges, and trends to the business heads and Risk Owners when required

- Responsible for ensuring the quality of information recorded in the risk tracking system, as well as ensuring accuracy, completeness of data, driving the timely resolution of outstanding actions

- Responsible for supporting Operations in minimizing operational risks and losses, and ensuring material operational losses are investigated to prevent a recurrence

- Identify non-standard processes and recommend appropriate control mechanisms.

- Responsible for ensuring Root Cause Analysis (RCA) is completed by process owners for key risk events.

- Review audit findings and key themes to achieve resolution in line with operational risk appetite.

- Responsible to visit 2 to 3 branches / Vendor locations for Risk Assessment every month.

- Provide guidance on any operational risk remediation with support from OR Head and respective risk owners