Manager, Operational Risk at Standard Chartered

Job Description
	Manager, Operational Risk (This is a dedicated or part time risk management position within a business unit or for a number of business units) (Refer to the attached guidance note) Unit Operational Risk Managers (UORM) REPORTS TO (DIRECT) REPORTS TO (DIRECT) (GENERIC ROLE) Business Unit Head REPORTS TO (INDIRECT) REPORTS TO (INDIRECT) (GENERIC ROLE) Senior Manager, Operational Risk Manager Business Operational Risk Manager (BORM) DIRECT REPORTS INDIRECT REPORTS (Depending on the need of risk management or other responsibilities) - JOB PURPOSE 1. Assist Business Unit Head and BORM in coordinating, driving and directing effective compliance and operational risk management at the business unit level. 2. Implement controls within the business unit to meet all regulatory and internal requirements. 3. Ensure proper functioning of day-to-day controls, periodic monitoring activities and timely resolution of risk issues. KEY RESPONSIBILITIES 1. To be the source of reference within the business unit in facilitating and promoting the understanding of OR and compliance requirements. 2. Lead and support implementation of OR initiatives for the business unit. 3. Proactively communicate with the Business Unit Head and BORM on operational risk issues. Escalate significant events to Business Unit Head /BORM/Business Head as appropriate. 4. Coordinate and consolidate Operational risk and loss reporting of the unit for the reporting to the BORG, BORM and Business Unit Head. Ensure data accuracy and completeness. 5. Design and implement control measures and monitoring plans for compliance and operational risk management. Ensure effectiveness of controls for compliance monitoring and risk management. 6. Undertake and/or coordinate periodic business monitoring (self-assessment) activities within the business unit and escalate findings and or breaches to Business Unit Head and BORM, when they occur. 7. Ensure risks and issues identified are resolved in an appropriate and timely manner. 8. Assist BORM in the implementation of OR framework or other relevant OR initiatives. 9. Could act as the Unit Money Laundering Prevention Officer (UMLPO), or cooperate with the UMLPO to ensure appropriate internal controls and procedures for money laundering prevention are in place and functioning as intended. Where appropriate, assist in the investigation of financial crime risks. 10. Identify gaps and arrange training on compliance and OR for staff. KEY RELATIONSHIPS FOR INTERNAL * BORM, UORMs and responsible persons undertaking business monitoring in various units. * Managers in Group Business Operational Risk * Legal and Compliance * IS & IT personnel (Local and Group) * Training Manager(s) EXTERNAL * Auditors * Regulators 􀂃 Operational risk management, money laundering prevention, compliance and financial crime issues. 􀂃 Operational risk management and compliance initiatives. 􀂃 Interpretation of and consultations on regulatory requirements. 􀂃 System Implementation, enhancement, user requirements and reporting requirements. 􀂃 Coordinating operational risk, compliance and money laundering prevention training for staff. 􀂃 Audit and reviews 􀂃 Inspection and regulatory requirements KEY MEASURABLES 􀂃 Cross team collaboration and leadership skills – proactive engagement with Business Unit Head and all responsible persons in the unit. 􀂃 Effectiveness of the control and monitoring of Operational risk, compliance risk and money laundering prevention at the business unit level. 􀂃 Satisfactory results on audit undertaken by Group Internal Audit, FSA, regulators and external auditors. 􀂃 Timely communication of changes to the regulatory environment and internal Policies from Legal and Compliance and Operational Risk Management Group. 􀂃 Timely reporting and escalation of all operational risk exposures. AUTHORITIES 􀂃 Free access to Business Unit Head and BORM. 􀂃 Free access to all documents and records in within the unit and for area of responsibility, with the exception of information governed by specific policy e.g. Chinese Wall. 􀂃 Free access to all meetings in which jurisdiction the UORM and UMLPO. 􀂃 Recommend and implement actions and solutions to mitigate operational risks and enhance compliance at the business unit level. JOB HOLDER LINE MANAGER BUSINESS HR
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	Diversity & Inclusion
	Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential. APPLY