Department/Division:
Risk & Compliance
- Assist the Head of Risk & Compliance in the development, implementation and execution of the Risk Management Framework with a focus on Operational Risk.
- Assist the Head of Risk & Compliance in the development and communication of a Group and/or entity Risk Appetite statement.
- Develop and implement mechanisms to ensure the proper identification, measurement, monitoring and reporting of operational risk; including the development and maintenance of KPI reporting and analyses to strengthen oversight.
- Act as the subject matter expert in providing guidance and direction in matters related to Operational Risk. Lead a team in the analysis and resolution of operational risks that correspond with the Group’s strategic objectives, effectively serving as the second line of defence.
- Assists the Head of Risk & Compliance in creating an effective communication strategy to promote a culture of risk management within the Group; ensuring that the Risk Framework is consistently and effectively applied.
- Create and/or maintain Operational Risk Corporate Policies as required.
- Work collaboratively with the business lines to ensure effective governance and control over operational risk as outlined in the Group’s risk appetite, policies and procedures.
- Conduct gap analyses for operational risk to identify key areas for additional monitoring.
- Identify, assess and report on the operational risk inherent in all material products, activities, policies, processes and systems.
- Assess the reasonableness and design of scenarios and assumptions used in the operational risk stress testing; and, lead the key activities surrounding operational risk stress testing.
- Ensure integration of key requirements and practices as outlined in regulatory guidance.
- Identify and/or maintain remedial action plans to ensure that Group is not exposed to identified risks.
- In conjunction with the Head of Risk & Compliance, develop and execute activities for Independent Review of operational risk across key functions.
- Develop strong partnerships with senior management to facilitate compliance with operational risk management requirements.
- Manages, supervises, mentors, coaches, trains, plans, coordinates and evaluates the performance of the employees under his/her remit. Appraises subordinates bi-annually on objective, measurable performance; continually trains and monitors employee’s job performance and service standards.
- Preparation and distribution of reports as required.
- Any other duties ancillary or related to the foregoing
- Bachelor’s Degree in Management or a related field
- A minimum of 5 years’ related experience managing operational and liquidity risk within a financial environment.
- Professional Certification in Risk Management (RIMS) or equivalent.
- A Master of Business Administration would be an asset
- Ability to think strategically
- Excellent analytical skills
- High level of skill in utilising Microsoft Office suite of products
- High level of verbal and written communications skills
- Strong skills in building and maintaining positive working relationships
- Strong knowledge of the banking industry and regulatory guidelines
- Working conditions are normal for an office environment.
- Long hours outside of normal working hours are required in order to fulfil the requirements of the role.
- May be required to travel for the effective functioning of this role.
- Senior Leadership and Supervisory Teams of all operating entities within the group.
- Credit Union membership and related company clientele
- Internal and External audit teams.
- Governmental Agencies
- Board of Directors
- Supervisory Committee
- Risk Management Committee
Applications should be sent to Patricia Archer, Human Resources Department via jobs@bpwccul.bb
Subject: Manager, Operational Risk
Deadline: March 15th, 2024
We thank all candidates however only shortlisted candidates will be contacted.