BPWCCUL | Manager Operational Risk

Loan Application

Department/Division:
Risk & Compliance

Reports to:
Head of Risk & Compliance

Supervises:
Risk Officers & Risk Assistance

Job Purpose:
The Manager, Operational Risk is responsible for the implementation and execution of the operational risk management framework and supporting processes across the Group of Companies.

Duties and Responsibilities:

Assist the Head of Risk & Compliance in the development, implementation and execution of the Risk Management Framework with a focus on Operational Risk.
Assist the Head of Risk & Compliance in the development and communication of a Group and/or entity Risk Appetite statement.
Develop and implement mechanisms to ensure the proper identification, measurement, monitoring and reporting of operational risk; including the development and maintenance of KPI reporting and analyses to strengthen oversight.
Act as the subject matter expert in providing guidance and direction in matters related to Operational Risk. Lead a team in the analysis and resolution of operational risks that correspond with the Group’s strategic objectives, effectively serving as the second line of defence.
Assists the Head of Risk & Compliance in creating an effective communication strategy to promote a culture of risk management within the Group; ensuring that the Risk Framework is consistently and effectively applied.
Create and/or maintain Operational Risk Corporate Policies as required.
Work collaboratively with the business lines to ensure effective governance and control over operational risk as outlined in the Group’s risk appetite, policies and procedures.
Conduct gap analyses for operational risk to identify key areas for additional monitoring.
Identify, assess and report on the operational risk inherent in all material products, activities, policies, processes and systems.
Assess the reasonableness and design of scenarios and assumptions used in the operational risk stress testing; and, lead the key activities surrounding operational risk stress testing.
Ensure integration of key requirements and practices as outlined in regulatory guidance.
Identify and/or maintain remedial action plans to ensure that Group is not exposed to identified risks.
In conjunction with the Head of Risk & Compliance, develop and execute activities for Independent Review of operational risk across key functions.
Develop strong partnerships with senior management to facilitate compliance with operational risk management requirements.
Manages, supervises, mentors, coaches, trains, plans, coordinates and evaluates the performance of the employees under his/her remit. Appraises subordinates bi-annually on objective, measurable performance; continually trains and monitors employee’s job performance and service standards.
Preparation and distribution of reports as required.
Any other duties ancillary or related to the foregoing

Qualifications and Experience

Bachelor’s Degree in Management or a related field
A minimum of 5 years’ related experience managing operational and liquidity risk within a financial environment.
Professional Certification in Risk Management (RIMS) or equivalent.
A Master of Business Administration would be an asset

Knowledge/Skills and Abilities

Ability to think strategically
Excellent analytical skills
High level of skill in utilising Microsoft Office suite of products
High level of verbal and written communications skills
Strong skills in building and maintaining positive working relationships
Strong knowledge of the banking industry and regulatory guidelines

Working Conditions

Working conditions are normal for an office environment.
Long hours outside of normal working hours are required in order to fulfil the requirements of the role.
May be required to travel for the effective functioning of this role.

Contacts

Senior Leadership and Supervisory Teams of all operating entities within the group.
Credit Union membership and related company clientele
Internal and External audit teams.
Governmental Agencies
Board of Directors
Supervisory Committee
Risk Management Committee