DCORO, Transaction Banking
Job Purpose
1. Support and ensure the Division/Department maintains an adequate and effective first line of defence risk management program.
2. Assist the RCU to achieve full adherence with all banking laws, rules, regulations and internal policies, procedures and processes.
3. Support the effective execution of the operational risk and compliance throughout the Division/Department, with respect to identifying, quantifying, reviewing, evaluating, measuring and managing risk to ensure that all compliance and risk categories are identified and managed in accordance with regulatory, internal policies and procedures requirements
Key Responsibilities
Analysis of gaps and Improvement of Control Environment
- Review and perform analysis and highlight gaps/concerns or area of improvements for unit under purview.
- Ability to articulate clearly the gaps/concerns to stakeholders/HOD and proposed attainable and operational efficient operational solutions.
- Actively participate in risk initiative/plans and strategy to improve the control environment for unit under purview.
Initiate strong compliance and operational risk management practices
- Ensure that the GC and GNFRM Policies and Procedures, laws/regulations/guidelines (including any updates), are communicated, to all staff within the units under purview.
- Ensure internal Policies and Procedures and/or Standard Operating Procedures are updated by business unit under purview to address laws/ regulations/ guidelines issued, wherever relevant/ applicable;
- Review and follow-up on any non-compliance (regulatory and operational) issues escalated within the respective units under purview for appropriate closure;
- Execute the operational risk framework of the bank as per GNFRM policy and procedure and ensure data is accurately recorded in a timely manner in the SHARP system for reporting and record purpose. of record
- For control gaps/ regulatory gaps/ compliance controls weaknesses identified, obtain agreement with unit responsible to ensure action plans (Control Issue Management - CIMs) are appropriate, prioritized, sustainable and that action plans are closed by the committed due date.
- Work with business unit under purview and RCU, carry out the implementation of the RCSA and ensure that the CET is updated and complete with the relevant processes / requirements / laws/ regulations/ guidelines and tested accordingly.
- With the support from RCU, provide on-going compliance and operational risk awareness training as required.
- Review and follow-up on any non-compliance (regulatory and operational) issues escalated within the respective units under purview for appropriate closure;
- Discuss with and obtain approval from the HOD and RCU before escalating and reporting the regulatory non-compliance issues;
- Provide guidance as needed to support the business in meeting their risk objectives
- Complete and support any ad-hoc tasks assigned by supervisor
Job Purpose
1. Support and ensure the Division/Department maintains an adequate and effective first line of defence risk management program.
2. Assist the RCU to achieve full adherence with all banking laws, rules, regulations and internal policies, procedures and processes.
3. Support the effective execution of the operational risk and compliance throughout the Division/Department, with respect to identifying, quantifying, reviewing, evaluating, measuring and managing risk to ensure that all compliance and risk categories are identified and managed in accordance with regulatory, internal policies and procedures requirements
Key Responsibilities
Analysis of gaps and Improvement of Control Environment
- Review and perform analysis and highlight gaps/concerns or area of improvements for unit under purview.
- Ability to articulate clearly the gaps/concerns to stakeholders/HOD and proposed attainable and operational efficient operational solutions.
- Actively participate in risk initiative/plans and strategy to improve the control environment for unit under purview.
Initiate strong compliance and operational risk management practices
- Ensure that the GC and GNFRM Policies and Procedures, laws/regulations/guidelines (including any updates), are communicated, to all staff within the units under purview.
- Ensure internal Policies and Procedures and/or Standard Operating Procedures are updated by business unit under purview to address laws/ regulations/ guidelines issued, wherever relevant/ applicable;
- Review and follow-up on any non-compliance (regulatory and operational) issues escalated within the respective units under purview for appropriate closure;
- Execute the operational risk framework of the bank as per GNFRM policy and procedure and ensure data is accurately recorded in a timely manner in the SHARP system for reporting and record purpose. of record
- For control gaps/ regulatory gaps/ compliance controls weaknesses identified, obtain agreement with unit responsible to ensure action plans (Control Issue Management - CIMs) are appropriate, prioritized, sustainable and that action plans are closed by the committed due date.
- Work with business unit under purview and RCU, carry out the implementation of the RCSA and ensure that the CET is updated and complete with the relevant processes / requirements / laws/ regulations/ guidelines and tested accordingly.
- With the support from RCU, provide on-going compliance and operational risk awareness training as required.
- Review and follow-up on any non-compliance (regulatory and operational) issues escalated within the respective units under purview for appropriate closure;
- Discuss with and obtain approval from the HOD and RCU before escalating and reporting the regulatory non-compliance issues;
- Provide guidance as needed to support the business in meeting their risk objectives
- Complete and support any ad-hoc tasks assigned by supervisor