Operational Risk & Control

Responsibilities:

Specifically, the role involves:

- Supporting the continued rollout of Operations Risk Management Framework.

- Working closely with Line Management, Divisional Risk Management, and other areas of the Federation (e.g. Internal Audit, Compliance etc.) in monitoring and facilitating issues related to audit findings, and control failures.

- Proactively review current processes to identify and mitigate risk.

- Working with line managers and risk officers in reviewing key weekly processing risks and reporting to senior management. Perform in-depth analysis of exception items that are contributing to high risks.

- Conducting quarterly self-assessments with the functional departments identifying key risks and controls and utilizing sampling to validate the effectiveness of controls.

- Evaluating the levels of adherence with risk management policies, principles, and standards. Ensure compliance with the “Operational Controls and Risk Management” handbook.

- Oversee departmental “health checks”; work with managers to ensure basic risk controls are being employed effectively.

- Raise staff awareness through risk training employing policy review and case studies.

- Perform incident reviews: work with line teams to identify gaps in processes to reduce the likelihood of incident reoccurrence. Ensure Incident Review policies are followed.

Skills / Experience:

Experience:

- Detailed knowledge in one, or more, financial products and the related operational process, with an enthusiasm to expand into other areas

- Ability to gather information, make decisions and drive results.

- Good business knowledge in clearing operations.

- Motivated and ability to coach others in technical areas and problem solving.

- Capability to prioritize and work under pressure in a fast-paced environment.

- Proactive, self-starting individual with high levels of ownership.

Mandatory Skills:

- Demonstrates ability to independently troubleshoot and resolve most common problems that arise.

- Demonstrates ability to apply re-engineering methodologies to processes and execute solutions.

- Demonstrate ability to identify inter-relationships and understand the broad impacts of work and projects across the organisation, as well as to involve the right people, in the right way, and at the appropriate project stage.

- Demonstrates ability to drive project success and process efficiency as well as to secure cooperation from other areas as necessary.

- Possesses excellent communication skills.

Preferred Skills:

- Possesses a good understanding of client types, relevant markets, products, processes, regulations and systems required to achieve business objectives.

- Demonstrates an in-depth understanding of how Operations supports the business, how risk is managed and how controls operate.

- Proactively seeks and undertakes appropriate training to further enhance client / market / industry knowledge.

- Possesses sound knowledge in Clearing Ops business.

Interpersonal Traits:

- Capability to prioritise and make decision in a fast-paced environment.

- Energetic team player, able to work well inside a group.

- Flexible individual, able to be learn quickly.

Competencies:

- Technical Skills: High

- Teamwork: High

- Client Service & Relationship Management: High

- Drive & Motivation: High

- Managing Execution & Effectiveness: High

- Compliance: High

- Control & Risk Management: High

- Diversity & Equitable Treatment: High

- Judgement & Problem Solving: High

- Leadership: High

- Communication Skills: High

- Commercial Effectiveness: High

Qualifications: Graduate preferred