Role & responsibilities

Treasury, FM (Financial Market), FMO, FMMO (FM Middle Office)

RCSA / Thematic:

Conceptualize, plan and ensure comprehensiveness coverage of RCSA/ thematic reviews to identify material risks/gaps. Ensure updation of risk library & timely execution of reviews
Review findings and discuss with business articulating the issues identified/risk mitigation action plans

KRI

Identify new/critical risk indicators; review & modify existing indicators for effectiveness
Monitor breaches and discuss with business for suitable action plans for reducing breaches

OR Events

Ensure appropriate review /analysis of root cause and mitigation/actioning of operational risk events. Ensure timely completion/release of analysis

BCP/ Vendor Risk Reviews/ ITAC

Review BCP and Business Impact Analysis of units to understand/identify critical activities and work-around plan incase of contingencies
Plan Vendor risk review to ensure comprehensiveness / timely completion and review/ discuss observations with business articulating the issues identified/risk mitigation action plans
Plan/review Information Technology Access Control (ITAC) risks and testing as per plan

PPACs/SOPs

Timely & comprehensive review of new product or processes / existing SOPs from operational risk perspective and highlight material risks & ensure necessary controls have been put in place by the Proposing Unit

Open Issues

Monitor status of open issues across - RCSA, Events, ORMC, VRR, PPACs
Ensure continuous follow-up / discussion with business on the timely updation and closure of pending open issues

Review MIS/reports/submissions to ORMC, RMC, stakeholders. Timely closure action items from ORMC, IAD, RAR, Regulatory Circulars etc

Risk and Internal Control Responsibilities

Monitor, review, and communicate the impact of risks to businesses
Work together with other organizational line of defense (i.e. Compliance, Internal Audit, etc.).

Operational Risk Manager- Treasury / Financial Market