Job Description
Key Accountabilities
- Accountability: Risk Management processes in support of the ORRMF implementation and oversight
Provide guidance and oversight to support the implementation of Group Risk policies, the ERMF and ORRMF, specifically but not limited to:
- Risk Appetite
- Risk and Issues Classification
- Risk Event Management
- Risk and Control Self-Assessment
- Issues and Actions Management
- Combined Assurance
- Risk Indicators and Metrics
- Scenario Analysis and Capital Assessment
- Lessons Learnt
- Root Cause Analysis
- Risk Technologies
- Management Control Assessment
- Oversee the implementation and use of frameworks, policies, and standards in the business units, performing quality assurance on use and outcomes.
- Provide coordinated support and facilitation to business units to ensure effective and consistent implementation of requirements.
Accountability: Risk Measurement Process, including Capital Management
- Drive the Scenario Analysis and Capital Assessment processes on behalf of Group
- Oversee, assess, and monitor the Operational Risk capital adequacy
Accountability: Risk Monitoring and Combined Assurance
- Facilitate and support the business to create periodic assurance plans and coordinate the collation and maintenance of a combined assurance plan for Premises risk.
- Embed the requirements of the combined assurances standard, processes, reporting and governance in conjunction with various stakeholders (i.e. Internal Audit, Assurance teams across 1st and 2nd Line).
- Oversee the execution of assurance plans, and monitor that the scope remains appropriate, risk-based, and on track.
- Ensure that Sub Risk types directly managed by the 1st line of defence are appropriately considered in assurance plans and activities (Premises Risk).
- Perform periodic independent risk-based assurance, to verify the implementation of physical asset Risk policy and CRES standards and to test, check and challenge the integrity of the risk profile.
Accountability: Evaluation
- Actively assess the embedment of the Premises risk and assist to embed all new and amended requirements on an ongoing basis.
- Assess the relevance and performance of the Premises Risk indicators and thresholds.
- Review the key risk assessments related to the business unit/function for completeness, with appropriate challenge.
- Check and challenge the end-to-end Group Premises Risk profile before consolidation to the Physical Asset Risk profile.
- Focus on proactive emerging risk identification and horizon scanning, bringing these lessons back into the Business Unit/Function.
- Thought leadership – continue to research and keep abreast of trends in Premises Risk, working with Group Operational and Resilience Risk and external bodies.
- Oversee deep dive- and lessons learnt exercises for material risks, including the review, challenge and tracking/escalation of findings. Review major remediation plans for adequacy, completeness and progress.
- Oversee risk event and lessons learnt reviews and related attestations to ensure that all (above threshold) risk events and losses have been captured on the Operational Risk Management system.
- Leverage internal central engagement channels/resources, as appropriate.
Accountability: Stakeholder Engagement and Management
- Derive optimal engagement models for the Operational Risk function, which enable efficient and prioritised coordination of Group Premises Risk
- Engage with applicable Group and Functional stakeholders to ensure that Group Operational and Resilience Risk and Sub risk type owner (SRTO) requirements are coordinated and efficiently implemented in business.
- Collate and provide input to applicable Group stakeholders and a multitude of forums on applicability of new/changed risk management requirements, including status updates, risks, and issues relating to the Group Operational and Resilience Risk transformation journey.
- Communicate consistently any risk management requirements and/or priorities to Business Unit /Functions CRES /Premises Risk teams.
- Support Business Unit /l Risk teams in advancing risk management understanding by developing and providing suitable risk training and awareness, across both content and system training.
Provide constructive challenge, feedback or advice to the business unit/Functions on its Premises risk profile including but not limited to:
- Risk and Control Assessments
- Control procedures
- Risk Events
- Progress on remediation of control weaknesses
- Emerging risks
Accountability: Reporting
- Validate data and information in relevant reports provided by the BU Resilience/Operational Risk teams, as appropriate in drafting relevant reports that are tabled at Function and Group Wide governance forums.
- Provide independent challenge on, and insight, interpretation and analytics from relevant reports to senior management.
- Document and communicate risk reporting requirements for Business Unit Resilience / Operational Risk teams, to enable ERMF and ORRMF expectations to be met.
- Oversee adherence to Risk Data Aggregation and Risk Reporting (RDARR) requirements by monitoring data, reporting content quality, and limitations.
Accountability: Other
- As required, participate in the Functions projects, ensuring risk is assessed and where relevant ensuring that mitigation plans are in place, agreed actions documented, and the monitoring of these plans.
Education
- Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
End Date: June 12, 2025 (6 days left to apply)
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