Responsibilities include but are not limited to :
Assist VP, Operational Risk with the management and execution of second line of defense testing, assessment, and monitoring of the enterprise-
wide risk management regime, including but not limited to Bank Act legislation, OSFI Guidelines, Parent Bank management requirements with respect to operational risk management, etc.
Supervise, manage and implement the Bank's ORM Framework in accordance with OSFI Guideline E-21, ensuring the ongoing compliance with all the applicable laws, regulatory requirements and guidelines.
Draft, review and implement the Bank's ORM related policies, procedures and systems and ensure these are current and relative to the Bank's operation activities.
Ensure an effective ORM related communication program, including promoting understanding of new and amended ORM related issues and provide training and awareness for Bank staff.
Review, analyze and provide advice with respect to new products, services, delivery channels and / or process changes ensuring the applicable laws, regulations and guidelines regarding ORM have been identified and adhered to.
Develop and implement a risk assessment process for evaluating the inherent operational risks in the Bank's activities.
Monitor the ORM related control activities in all relevant business areas in the Bank, ensuring appropriate controls are in place to implement policies, procedures and ORM Framework.
Develop and implement processes and procedures related to conducting independent compliance and internal control reviews, testing and business units' self-assessments.
Monitor and prepare reporting on any non-compliance issues to Senior Management, and if applicable to various committees and stakeholders.
Provide guidance, coaching to the business units in remediation efforts of any deficiencies identified and ensure the rectification is conducted within reasonable timeframe.
Coordinate the investigation, processing, and defense of ORM breaches and / or any other negative ORM related incident or events.
Assist with the development and drafting of reporting to Senior Management, Board and Parent Bank with respect to operational risk management matters, issues and concerns
Act as the subject matter expert on all areas of compliance and privacy to the Bank.
Build and maintain a strong, constructive and collaborative relationship between ORM Team, all business partners and business units and stakeholders.
Participate in professional training and sessions held by industry and professional associations and forums.
Skills and Experience :
Minimum Undergraduate degree(s) in business administration, finance, economics, commerce, or a related field;
Minimum of 3 years of analytical and business investigative experience in business operation, management or any related banking experience within the Canadian financial services sector or the Bank.
ICCO position held previously is considered a value added factor;
Good year-end BOCC performance review(s) and good knowledge of the Bank's core banking system and its sub systems;
Sound understanding of regulatory and industry trends and issues with respect to enterprise risk management, focuses;
Excellent research, communication and organizational skills;
Outgoing and self-motivated with a strong and detailed oriented and focused approach;
Ability and comfort in dealing with all levels of staff within the Bank, as well as with superiors and auditors;
Strong time management skills and ability to meet deadlines for multiple projects at the same time;
Strong public speaking and presentation skills, and accuracy and attention to detail;
Well-developed oversight and the organizational awareness skills;
Ability to deal with conflicting points of view and to effect creative and responsive solutions;
Fluency in both English and Mandarin;
Good working knowledge of IT applications (e.g. Word, Excel, Access, Outlook, etc.).