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Job Description
Job Purpose
This role is primarily responsible for development and maintenance of effective operational risk management System through conducting quality checking of event management data, regularization of Suspense GL, processing of OL Memo and also development of appropriate MIS & dashboards on periodic basis.
Key Responsibilities
Quality checking of Event Management Data to ensure accuracy of data.
Follow up with all Dept's for correction of System data post Quality check.
Follow up for recording Operation Loss Incidents in the ORMS / eGRC System.
Processing of Op Loss Memo with updation of OL MIS which includes support to business in the preparation of OL memo and facilitate obtaining necessary approval as per DOA for financial booking.
Regularization of Suspense GL (PUCO).
Daily confirmation about settlement of Japanese currency GL Account– Al Futtaim and monthly report the same to Finance.
Regular update of Op Loss and Legal MIS.
Follow-up with Business for Open incidents beyond Rectification Dates till closure.
Monthly reconciliation of “Process Circulation - Click & Book” from ORMS / eGRC data.
Provide list of Open incidents to business users on periodic basis
Review of Periodic Op Risk Reports prepared by other team member.
Preparation of Periodic Op Risk Reports.
Monitoring of Risk Rating (RCSA, KRI and KPI) post Risk Assessment and their Action plans / RMPs including follow-up (Once System is ready for monitoring).
Support and provide training to Users related to ORMS / eGRC Tools.
Managing day to day activities related to ORMS / eGRC.
All the above accountabilities includes but not limited to any additional/new tasks or responsibilities assigned by the line Manager.
Competencies/Skills
Education
Minimum Bachelor’s degree
Other Professional certifications on Operational Risk Management would be an added advantage
Work Experience
At least 2-3 years of banking experience with relevant knowledge of banking operations, Internal Audit or Internal Control.