Operational Risk (AVP)

Key responsibilities

• Implement the risk control mechanisms (e.g., Key Risk Indicators) and risk monitoring requirements on the private banking business.
• Review policies & procedures, risk assessment materials submitted by various units and to analyze the compliance/operation risks in new businesses / products / systems.
• Conduct trade surveillance, daily report monitoring and other regular transaction and workflow monitoring to identify possible compliance/operational risks and provide recommendations to enhance control weaknesses.
• Perform self-assessment, gap analysis against internal and/or regulatory requirements.
• Advise business units on operational risks and control matters, including coordinate business contingency plan.
• Review operational risk incidents / customer complaints and monitor the implementation status of the action plans.
• Perform regular and ad hoc monitoring on relevant business activities and prepare management reports on compliance and operation risk related review results.
• Handle and coordinate queries from internal/external audit.