Operational Risk Manager

Position:
Manager Operational Risk

Entity: QNB (Suisse) SA

Direct Supervisor:
Head of Risk

As part of the ongoing strengthening of the risk management framework and operational risk capabilities, we are looking for a seasoned Operational Risk Manager. The successful candidate will serve as a key contributor within the second line of defense, ensuring robust oversight of operational, credit and regulatory risks in a private banking environment subject to FINMA supervisory requirements.

• Develop and ensure continuous improvement of the ‘International Bank Standard’ Operational Risk Management Framework (ORMF) with the aim to improve the Bank’s management of its operational risks;
• Improve the Operational Risk Awareness and Culture;
• Assist the Head of Risk in preparing the Operational Risk Strategy that reflects the Bank’s tolerance for risk and present it to the relevant Business or Function Head for discussion/ review;
• Educate and oversight the deployment of the ORMF, including but not limited to Operational Risk Appetite, KRI’s, Material Operational Risk Assessment (MORA), RCSA, Risk Response and Event & Loss Data management;
• Provide timely/accurate data to external/internal Auditors, Compliance, Financial Control and Risk when required;
• Identify, evaluate, mitigate and monitor risks throughout the bank. Establishes early warning or trigger system for breaches of the bank’s risk appetite or limits;
• Support in managing all third party related independent reviews of risk, including but not limited to customers, suppliers, banks. Providing RCSA and MORA analysis;
• Participate with the Head of IT and the Head of Centralized to organize & maintain the Operations of Business Continuity Planning including Disaster Recovery Tests, Business Impact Analysis & Assessment of IT, data and cyber risks;
• Participate in assessing the key risks and stress tests related to liquidity and counter party risks including LCR and NSFR, and reporting to EMC and Board of Directors;
• Participate in the assessment of the risks and the controls related to advisory, treasury, trading and execution only businesses and suggesting the relevant controls periodically;
• Participate in managing Credit Department, assessment of all the loan portfolios and their pricing and collaterals, LTVs, Limits, Mortgages and reporting those to EMC and Board of Directors;
• Maintain and utilize Resilience & Control Risk Management Tool (OPCIS) which integrate all risk types (financial / non-financial);
• Maintain the ownership of policies & procedures related to operational risk. Coordinate with the group wide Operational Risk management system in line with OR framework and policy;
• Stay updated with the relevant best practice pronouncements pertaining to operational risk and work towards instilling the same within the Bank’s operational risk practices;
• Develop, implement and maintain the Bank Operational Risk database including Operational Loss Events, RMA’s and ETP’s;
• Ensure adequate alignment of the Operational Risk Management System with requirements set out in the ORMF;
• Contribute to the development and maintenance of the Corporate Governance Framework as related to Operational Risk. Assist in the delivery of other projects as mandated by the Management;
• Participate in any ad-hoc project.

Education and Professional

Qualifications:

• Bachelor’s degree preferably with a Major in, Banking, Finance, Accounting, Economics, Business Administration or Information Technology, Financial Risk Management (related field of study). Master Preferred.
• Professional certifications are a plus (FRM).
• Excellent knowledge and understanding of Risk Management.
• Minimum 8 years’ relevant experience, preferably with highly rated international banks/ financial services or consulting firms.
• In-depth knowledge of Swiss banking accounting standards (FINMA, Swiss GAAP FER, IFRS).
• Practical experience with the FINMA regulatory environment and applicable circulars.
• Banking credit experience (credit analysis, Lombard lending, documentation) highly desirable.

• Strong command of risk management frameworks (coso, iso 31000, basel iii/iv).
• Familiarity with core…