Assistant Vice President, Operational Risk

Risk Management Group (RMG) is responsible for the development and maintenance of risk management and internal control frameworks. We provide independent review and challenge to business to ensure that appropriate balance is considered in risk/return decisions. In addition, RMG is responsible for the monitoring and reporting on key risk issues of the Bank. To manage risk effectively and deliver strong financial performance, we invest significantly in our people and infrastructure. Responsibilities

• Formulate, review, and update local operational risk policies, guidelines, processes, and procedures including crisis management.
• Initiate, manage and execute risk governance, internal controls, and processes with the overall objective of operational risk management, control awareness and enhancement to operational efficiency.
• Maintain oversight and monitoring of the operational risk management system and the quality of the generated operational loss data
• Perform both qualitative and quantitative monitoring and reporting of the AI's exposure to all types of operational risk, including trend analysis of risk profiles against risk appetite statement and review of the limits of operational risk regulatory and economic capital
• Perform 2nd line of defense operational risk monitoring duties i.e., escalate operational risk events and issues to Group, local senior management, and Board as appropriate.
• Report to senior management the completed operational risk assessments and monitor the ongoing progress of remedial actions by 1st line of defense
• Compile operational risk reports, dashboards, and metrics for management reporting
• Undertake scenario analysis/assessment to identify potential operational losses and monitor operational risk profiles and material exposures to losses on an on-going basis
• Analyze and challenge the self-assessment results and risk management actions undertaken by 1st line of defense Business and Support Units
• Provide advisory support to BU/SUs on operational risk related issues/matters and drive process reviews/deep dives in collaboration with other Subject matter experts / 2nd line of defense.
• Provide operational risk review and signoff on local New Product Approvals and non-IT outsourcing activities pertaining to Operational Risk.
• Undertake consistent liaison and collaboration with relevant Risk Subject Matter Experts such as legal and compliance, human resources, IT, Fraud, Outsourcing, Business Continuity Management, Change Management, Data Risk Management and Finance on operational risk related matters
• Promote positive risk culture and risk awareness across the Bank
• Conduct training sessions on operational risk across the Bank, including content review and training delivery

• Minimum 7 years of working experience in a financial institution with at least 5 years working in operational risk management/enterprise risk management/internal control/business risk management or audit functions.
• Strong ability to analyze large amount of data pertaining to risks and controls and provide insights to assist risk management decisioning.
• Sound knowledge of HK regulatory requirements related to Operational Risk / Internal Controls.
• Must be able to work independently, attention to detail and team player.
• Strong stakeholder management skills including presentation, communication and influencing skills.
• Experience in at least one banking business segment (e.g., Consumer Banking, Wealth Management, Institutional Banking, Treasury & Markets, Securities) with related in-depth product knowledge.