Vice President / Assistant Vice President, Operational Risk

The successful candidate will assist Head of Operational Risk Team to manage, in the capacity of second line of deference, the Bank's operational risk as well as other related risks such as strategic risk and reputation risk.

Job Duties:

• Advise management and internal stakeholders in the first line of defence on the methodologies and/or mechanisms adopted to identify, assess, mitigate, monitor and report the Bank's operational risk as well as other related risks such as strategic risk and reputation risk
• Formulate and regularly review and update the Bank's policy framework as well as related policies, guidelines, procedures, methodologies and systems for the management of operational risk, strategic risk and reputation risk
• Advise on and challenge the design and effectiveness/adequacy of controls established by the first line of deference for the management of operational risk, strategic risk and reputation risk
• Perform regular control assurance reviews for operational risk, strategic risk and reputation risk to ensure that the established risk mitigating controls and measures are effectively and consistently implemented in daily operations
• Receive operational risk event reports from business and support units in the first line of defence and analyse the operational risk events accordingly, including the root cause of the event, adequacy of controls in place and remedial actions taken/to be taken as well as control enhancements required
• Prepare the operational risk event reports for submission to the HKMA and senior management for review 
• Compile the operational risk-related management reports for submission to the respective Management Committees and Board-delegated Committees for review 
• Oversee and drive various projects under the responsibility of the Operational Risk Management Department (the "Department")
• Handle other risk-related matters such as the Bank's Risk Appetite Statement, Recovery Plan, ICAAP, etc.
• Prepare meeting minutes for the relevant Management Committees of which the Department serves as Secretary
• Prepare training materials for the conduct of staff training on operational risk, strategic risk and reputation risk
• Take up ad hoc tasks assigned by management from time to time
• Lead a small team to implement the above-named duties
• Deputize for Head of Operational Risk Team during his/her absence

Requirements:

• Degree holder or above in Risk Management, Finance, Accounting, or other related disciplines
• Holder of ECF on Operational Risk Management certification (CORP) is preferred 
• A minimum of 10 years of experience in operational risk management or internal control of the banking industry acquired from sizable banks, Big 4 consulting firms or regulators of which at least 6 years was at managerial level
• Experience in bank compliance/operational risk audit and knowledge of technology risk management will be an advantage 
• Sound knowledge of banking operations and well-versed in the local regulatory requirements applicable to operational risk management including HKMA SPM OR-1, OR-2, SA-2, etc.
• Effective communication and business writing skills with proficiency in English and Chinese
• Good team player with strong leadership as well as analytical and problem solving skills 
• Good time management and able to work independently and under pressure 

(Candidate with less experience will be considered as Assistant Vice President)