Key Responsibilities

Organization and Co-ordination

To supervise the self-assessment exercises and to develop Permanent Control culture within the Unit and to promote best practice with regard to Risk Management

Ø  To ensure the effectiveness and consistency of the existing control through:

-        mapping procedures covering all risks

-        identification of activities

-        identification of risks in those activities

-        inventory of controls in place

-        mapping of operational risks, classification by degree of importance

-        action plan whenever weakness are identified and to reduce operational risks

Ø  To check:

-        Organization: procedures, committees, etc

-        Methodology: self-assessment, control plan, reporting

-        Effective implementation of application software: OLIMPIA SCOPE etc

Ø  To issue warnings related to any weaknesses in internal control systems in the Unit

Ø  To control and monitor, with the support of the other departments, the actual up-date and accuracy of:

-        Data relating to the Unit into OLIMPIA

-        Document recorded in OLIMPIA : loss reporting and incident reporting.

-        Mapping using the HO Kits.

-        OEA Reports and OEA Database.

-        Response to internal and external audits.

Ø  To participate to the Internal Control Committee under the chairmanship of the Managing Director :

-        Acting as secretary: organizing, agenda, minutes

-        Monitoring implementation of the committee decisions

-        Submitting for approval, operational risk mapping and internal control report

-        Monitoring and analyzing operational losses reports and incidents

-        Monitoring the implementation of recommendation from internal & external audits.

Ø  To organise the Permanent Control Committee (E-PCC) under the chairmanship of the Managing Director:

-        Acting as secretary: organizing, agenda, minutes

-        Monitoring implementation of the committee decisions

-        Monitoring and analyzing operational losses reports and incidents

-        Monitoring the implementation of recommendation from internal & external audits

Ø  ORM shall draft and update the reference documentation describing the Unit’s Internal Control

Ø  ORM shall prepare the Minutes of Internal Control Committee, Minutes of the Permanent Control Committee and write down the Annual Internal Control Report

Ø  ORM ensures that reporting of significant events is submitted to the MD and Internal Control Committee as well as Regional Head of Operational Risk.

Ø  ORM shall report Incidents and Losses related to the appearance of an operational risk (OLIMPIA)

Ø  ORM shall prepare the documentation related to any significant operational dysfunction (OLIMPIA)

Ø  ORM shall monitor significant trends in operational risks, through a management report including key risk indicator (KRI) and dashboard

Ø  ORM reports compliance of the Outsourced Essential Activities by the activity managers on an annual basis.

Ø  ORM shall prepare an Action Plan to be submitted at the ICC

Committees, documentation
The ORM should have all information for his mission; he/she will participate in committees or will receive documentation from:
-        Audit:  internal audit reports and half-yearly follow-up of the implementation of recommendations
-        Compliance:  audit from local authorities and important communications (new regulations, key regulatory reporting, KYC reporting, etc)
-        Legal:  new laws and reporting to Legal Head Office
-        Accounting / Finance: external auditors’ reports and accounting reconciliation

Bachelor Degree/BSc Degree or equivalent

Relevant experience in accounting/ control/operational risk gained in audit and banking/financial services industry.

Highly analytical, with a strong risk and control mindset

Self-starter with strong communication and presentation skills and the ability to work effectively across all levels and functions within the Bank.