Head of Operational Risk

The Head of Operational Risk will play a critical role in shaping and maintaining an effective operational risk management framework. This role will be responsible for identifying, assessing, and mitigating operational risks across the organization, ensuring compliance with regulatory requirements and promoting a strong risk culture.

Key Responsibilities:

• Develop and implement a comprehensive operational risk management framework in alignment with industry best practices and regulatory guidelines.
• Conduct regular risk assessments to identify and evaluate operational risks associated with business processes, systems, and external factors.
• Collaborate with business units to design and implement effective risk mitigation strategies and controls.
• Monitor and report on the effectiveness of risk mitigation measures, recommending adjustments as necessary.
• Stay abreast of relevant regulatory requirements and industry standards, ensuring the bank's operational risk policies and procedures are in compliance.
• Work closely with legal and compliance teams to address regulatory issues and implement necessary changes.
• Prepare and present regular reports to senior management and relevant committees on the status of operational risks, including emerging trends and issues.
• Foster a culture of risk awareness and effective communication across the organization.
• Oversee the incident management process, ensuring timely identification, reporting, and resolution of operational incidents.
• Conduct thorough root cause analyses and recommend preventive measures.
• Collaborate with internal stakeholders, including business units and risk management teams, to ensure a holistic approach to operational risk management.
• Build strong relationships with external stakeholders, including regulatory bodies and industry peers.

Qualifications:

• Bachelor's degree in a relevant field; advanced degree or professional certification (eg, FRM, CRM, CRO) is a plus.
• Proven experience in operational risk management within the banking or financial services industry.
• Deep understanding of regulatory requirements related to operational risk.
• Strong analytical, problem-solving, and decision-making skills.