BORM (Business Operational Risk Management) Global Markets UAE
Company:
Standard Chartered Bank UAE
Location:
UAE-Dubai
Compensation:
Highly Competitive Salary
Position Type:
Employee
Employment type:
Full time
Updated:
09 Oct 2008
eFC Ref no:
449215
Embed an effective Operational Risk Management Assurance Framework within the Country Business Functions to ensure all areas manage operational risk-based & disciplined manner.
Assist the Country Business Head in governance oversight Operational Risk management on an end-to-end basis through the Business Operational Risk Group (BORG).
Standard Chartered Bank is ranked among the top 25 of Financial Times Stock Exchange (FTSE) 100 companies.
We have a history of over 150 years.
We have over 1,700 branches and outlets.
We are well situated in the dynamic trade corridors of Asia, Africa and the Middle East.
Our footprint is in over 70 countries
We have 73,000 employees representing 115 nationalities.
Our geographic reach and local knowledge of our key markets give us a competitive advantage over competitors.
Recognized as a market leader among international banks
Standard Chartered Bank is known as the world’s best international bank by providing his employees:
International mindset to broaden employee horizons.
Mutual Respect for the individual and the community.
Heart and real meaning in everything we do.
Performance and achievement culture to excel in.
Opportunity to grow and succeed.
Key Responsibilities:
Support the Country Business Head to drive OR management disciplines that facilitate the balance of business growth with firm control risk and protect the achievement of superior financial performance.
Ensure that the monthly BORG meetings are being adequately facilitated. The BORM should also be ensuring the effectiveness of these meetings with adequate end-to-end coverage of issues.
Ensure adherence to the Operational Risk management framework in the identification, assessment, mitigation and control and monitoring of risk.
Ensure that relevant Group Business policies are effectively embedded within the Business Functions. The BORM should also be facilitating the implementation of key control standards and related key control self-assessment and monitoring plans for compliance and Operational Risk management.
Ensure that all key regulatory requirements, as interpreted and communicated to the Business by Country Legal & Compliance, are cascaded to the Business Functions on a timely basis and that sufficient actions are undertaken by the Business Functions to comply with these requirements.
Analyse and consolidate the Business Operational risk profiles, relevant loss and risk reporting for the BORG, CORG (Country Operational Risk Group) and Group Business Operational Risk and ensure the accuracy and completeness of data.
Value-add to the Business by identifying new and developing risks through reviews at the Country level or participating in reviews driven by the Group/Regional Business level.
Lead and coordinate training efforts to promote risk management and compliance culture within the Business. Mentor Operational Risk staff to become risk professionals.
Ensure that new product/change initiatives are appropriately reviewed.
Ensure that appropriate support is given to Operational Risk Basel initiatives.
Assist the Country Head in building an Operational Risk aware culture.
Assist the Country Head in building an integrated Operational Risk platform across the
Business; ensure dissemination of best practices.
Could act as the Business Money Laundering Prevention Officer (BMLPO) to ensure that appropriate internal controls and procedures for money laundering prevention are in place and functioning as intended.