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.).
