Operational Risk Desk: Risk Management Division (Officer-SO)

Job Description

Title: Operational Risk Desk: Risk Management Division (Officer-SO)

Company Name: National Credit and Commerce Bank PLC

Vacancy: --

Age: At least 25 years

Job Location: Dhaka

Salary: Negotiable

Experience:

• At least 3 years

• MBA/MBM/Master’s/Four-year Bachelor’s Degree from UGC-approved University preferably in Finance, Banking, Accounting, Economics or Statistics, with no third class/division in academic records.        

• Candidates with a minimum of 16 years of education will be eligible.

• At least 3 years

• Age At least 25 years

• Minimum 3 years of relevant experience in Risk Management, with at least 1 year of specific experience in operational risk management or related functions within commercial banks or financial institutions.

• Maintain, review and update the Bank’s Operational Risk Management Manual on a periodic basis, at least annually and coordinate with relevant departments to incorporate their inputs during the revision process.

• Identify and establish Key Risk Indicators (KRIs) for all major operational risk categories in coordination with concerned departments, including IT, HR, Operations, Cards and Branches and define appropriate threshold levels for each KRI.

• Monitor KRI movements and trends on a regular basis and promptly escalate Amber/Red KRI breaches to the appropriate risk governance forum.

• Maintain a comprehensive KRI Register and prepare monthly KRI monitoring reports for management review.

• Collect Internal Audit Reports from the Internal Control & Compliance Division (ICCD) on a regular basis and analyze audit findings from an operational risk perspective, categorizing findings according to relevant risk types.

• Maintain a tracking register for operational risk-related audit findings and monitor their resolution and closure status.

• Collect and monitor fraud incident reports from ICCD and analyze fraud incidents by category, channel, magnitude and other relevant parameters. Track the implementation and effectiveness of risk mitigation measures designed to prevent recurrence.

• Organize, coordinate and conduct Risk Associates Forum (RAF) meetings on a regular basis, at least quarterly.

• Prepare agendas, discussion papers and presentations on operational risk matters; record minutes; and follow up with relevant departments and branches regarding implementation of risk mitigation actions agreed upon by the RAF.

• Escalate unresolved or significant operational risk issues to the Enterprise Risk Management Committee (ERMC), as appropriate.

• Maintain the Bank’s Operational Risk Register, covering identified risks across the key operational risk categories of people, processes, systems, and external events.

• Review and update the Operational Risk Register on a quarterly basis or immediately upon identification of significant/new risks. Track the progress of risk mitigation strategies and update residual risk ratings accordingly.

• Prepare and present Operational Risk Register Summary Reports to the Risk Associates Forum (RAF) and Enterprise Risk Management Committee (ERMC).

• Perform any other duties and responsibilities assigned by Management from time to time.

• Attractive compensation package will be offered to the deserving candidates selected for the positions based on the experience and competency.