Job summary
•Operational Risk Management is currently within Compliance Department, Legal & Compliance Division’s management and responsibility. The jobholder shall assist Head of Compliance Department to take charge of Operational Risk Management and Business Continuity of Shinhan Vietnam Finance Company (“SVFC” or “Company”)
Key Roles & Responsibilities
• Coordinates with other Business Area Risk Coordinators (e.g., Credit Risk, Fraud, Finance) at regular intervals to identify the emerging trends in operational risk
• Ensure business functions and company management in compliance with all internal requirements on risk management
• Other ad- hoc tasks assigned by Division Head or CEO.
• Develop and provide operational risk management training across the Company by formulating training materials and to ensure Operational risk and Business Continuity training is provided to all new and existing staff; to work towards the development of strong Risk culture in SVFC
• Assisting in periodic review of the adequacy of the provisions in the functional process manuals
• Assist in assessing the impact of new/ amended regulations on the business in term of operational risk management as well as external incidents, political and statutory changes, legal and regulatory changes, regulator, consultant and industry reports, emerging risks
• Review ORM related terms and conditions in contracts/agreements/ policies and so on drafted by related functional divisions and/or requested by Division Head (if any)
• Ensure the incident be appropriately identified, escalated, and captured by Functional Heads and Risk Coordinators according to the incident reporting requirements
• Conduct the Business Continuity Management practice and requirements per SVFC/Group standards and policies to ensure the minimum level of the related risks in the Company
• Develops and implements an appropriate Risk Framework to meet the needs of the Company which meets the minimum standards defined the local regulator and/or the Group
• Develops SVFC’s risk management information requirements, reporting thresholds and monitoring methods for determining priorities
• Conducts oversight of risk- based decision making (e.g business planning, and project management) to provide operational risk advice to business functions in the Company
• Provides SVFC’s Risk Management Committee update on the on- going risk exposure monitoring (credit, counterparty, liquidity, operational and market risks)
• Review and challenge the incident data, ensure the KIs, RCA and SA are updated based on the implication of internal incident on Departmental (Divisional) Risks, advise if there are any additional incidents that should be reported / discussed
• Draft, update and/or enhance ORM policies/guidelines/processes and so on when necessary
• Coordinating and supporting the whole business in regulatory visits, investigations etc.
• Cooperate closely with IRM function to ensure the requirements per local Information Risk and Data Privacy policies are monitored and delivered with adequate controls in SVFC
