Job Title

Job DescriptionBusiness FunctionRisk Management Group works closely with our business partners to manage the bank''s risk exposure by balancing its objective to maximise returns against an acceptable risk profile. We partner with origination teams to provide financing, investments and hedging opportunities to our customers. To manage risk effectively and run a successful business, we invest significantly in our people and infrastructure.Job purposeProvide independent risk oversight, monitoring and reporting relating to operational risk.AccountabilitiesProvide objective review and challenge to the business units and support units to ensure effective management of operational risk, as well as independently assess and monitor operational risk at the units.To provide backup of market and liquidity risk exposures, its attribution and vulnerabilities, and compliance of threshold lists set for the branch by HO and regulators.ResponsibilitiesOperational RiskMonitor the effectiveness of operational risk management at business units and support units and is a direct liaison with Unit Operational Risk Manager (UORM).Provide advice, guidance and training to business/ support units on operational risk matters including risk management structure and processes, driving operational risk initiatives, tailoring of Group policies, where applicable for local adoption.Undertake gap analysis on new and / or revised regulations from the regulators impacting on operational framework of the branch.Own and maintain local risk policies, ensuring alignment with Group policies and practices.Engage with business/support units'' management in raising risk issues, conduct reviews on operational risk metrics and issues (arising in the end-to-end processes, risk events, RCSA, KRIs etc) and liaise with partners in various controls/support functions in addressing the issues including effectiveness of operational risk management, providing timely risk analysis and reporting via the various OR tools and firm-wide ORM system.Review Business/Support Unit proposed responses and action plans, assess root cause and the effectiveness of proposed action plans.Participate in major change initiatives of the business/support units (including new product/service and outsourcing), providing inputs to mitigate operational risks.Work closely with the UORM in agreement for focus areas.Independently assess the operational risk resiliency across key areas.Identify and alert senior/unit management of systemic operational risk issues/emerging trends across businesses, whilst ensuring that there are appropriate preventive/detective controls in place.Promote risk and control awareness through training, sharing of best practices and lessons learnt.Responsible for overseeing and preparing the Annual Risk Management Declaration Presentation Pack which contains information of all risk types for the past calendar year and 1Q calendar yearEnsure compliance with CPS 230 in working with relevant stakeholders including CPS230 Project Manager and where required, creating and ownership of a local operational risk policy.Any other assignment or tasks given by Australia Chief Risk Officer/Head of Department/Functional Head.RequirementsDegree holder / Professional qualification in a business or quantitative subjectMinimum 10 years working experience with at least 5 years of relevant experience in a risk management function at a major financial institutionStrong quantitative background with good investment and commercial banking product knowledge and understanding of risk control measuresIn-depth knowledge of Operational Risk & ControlTrack record in handling project management to streamline and optimize operational processes by gathering inputs and system requirements from business units, finance, Operations and IT departmentStrong inter-personal skills, with experience in managing various stakeholders. Expected to communicate with front and back-office personnel and ideally has led a team in a risk control function.Professional team player who is flexible, adaptable and take initiativeExperience in vendor applications such as Murex and Finacle is preferred, and further knowledge of SQL and Visual Basic is a plusApply nowWe offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.We offer a range of benefits including:Birthday leaveA substantial pantry of snacks to keep you going when you''re in the office!Training and Development opportunities to further your skills and career.Staff social events.World-class newly renovated offices with unparalleled views across Sydney Harbour to North and South Heads, and luxurious end of trip facilities in a central CBD location close to transport.Awesome colleagues!A flexible wellbeing reimbursement budget per year of up to $2k for permanent staff#J-18808-Ljbffr