Operational Risk Officer
Standard Chartered
Chennai, India
6d ago

About Standard Chartered

We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours -

do the right thing, better together and never settle - as well as our brand promise, Here for good.

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation.

This in turn helps us to provide better support to our broad client base. JOB PURPOSE : Operations Risk Management : Key Deliverables :

  • Standardizing the ORF testing the process across countries
  • Bringing out themes to be tabled at Group Finance FORC
  • Embedding Computer Assisted Audit techniques / Automation thereby bringing in scale. KEY RESPONSIBILITIES : a) Performance of testing (CST / KCI) :
  • Collation and gathering of evidence
  • Data quality assurance of inputs
  • Sampling as per the CST KCI definition in line with Potential failure and Control descriptions
  • Preparation of data collection template to summarize results
  • Highlight the relevant gaps with respect to Policy / Procedure / Process documents focusing on end to end process
  • Review the current KCI / CST checks and highlight to Process owner / Group OR to revise the control checks b) Challenge and reporting :
  • Report exceptions and follow up on remediation actions, ensuring appropriate closure of the actions
  • Perform assessment of Residual Risk rating for each potential failure and process
  • Carry out challenge session / agreement with Country Operational Risk Officer to arrive at final residual risk ratings
  • Carry out challenge session / agreement with Group Finance OR Officer to arrive at final residual risk ratings
  • Prepare inputs to country FORF, CORC and Group Finance FORC c) Governance :
  • Track open items from Residual risk acceptance and report to governance forums when due
  • Periodically review applicability of CST / KCI, appropriateness of sampling methodology and sample size and work with Global process owners
  • Single point of contact for ORF related queries around ORF for the country
  • Update EORP , Knox and Optial from time to time on account of change in underlying processes and controls and seek approval from Country process owner & OR
  • Perform and maintain a sample coverage document d) Developing New CST / KCI :
  • Evaluating Process universe based on the changes in the process
  • Evaluating Gross Risk
  • Based on identified causes / controls or changes in process, defining new CST / KCI Key Relationships : Country Business leads, CFOs, Leadership Team in GFS, Group Finance Ops Risk
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