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Title

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Operational Risk Manager

Description

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We are looking for an experienced Operational Risk Manager to join our team and help us identify, assess, and mitigate operational risks within our organization. The ideal candidate will have a strong background in risk management, excellent analytical skills, and the ability to develop and implement effective risk management strategies. As an Operational Risk Manager, you will be responsible for monitoring and managing risks associated with our operations, ensuring compliance with regulatory requirements, and developing risk mitigation plans. You will work closely with various departments to identify potential risks, assess their impact, and develop strategies to minimize their effects. Additionally, you will be responsible for creating and maintaining risk management policies and procedures, conducting risk assessments, and providing training and support to staff on risk management practices. The successful candidate will have excellent communication and interpersonal skills, as well as the ability to work independently and as part of a team. If you are a proactive and detail-oriented professional with a passion for risk management, we would love to hear from you.

Responsibilities

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  • Identify and assess operational risks within the organization.
  • Develop and implement risk management strategies and plans.
  • Monitor and manage risks associated with operations.
  • Ensure compliance with regulatory requirements.
  • Conduct risk assessments and develop risk mitigation plans.
  • Create and maintain risk management policies and procedures.
  • Provide training and support to staff on risk management practices.
  • Work closely with various departments to identify potential risks.
  • Assess the impact of identified risks and develop strategies to minimize their effects.
  • Prepare and present risk management reports to senior management.
  • Monitor and analyze risk trends and emerging risks.
  • Collaborate with internal and external stakeholders to address risk-related issues.
  • Conduct regular reviews and updates of risk management processes.
  • Develop and maintain risk management tools and systems.
  • Ensure effective communication of risk management policies and procedures.
  • Participate in risk management committees and working groups.
  • Provide guidance and support to junior risk management staff.
  • Stay up-to-date with industry best practices and regulatory changes.
  • Conduct internal audits and reviews to ensure compliance with risk management policies.
  • Develop and implement business continuity and disaster recovery plans.

Requirements

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  • Bachelor's degree in risk management, finance, business administration, or a related field.
  • Professional certification in risk management (e.g., CRM, FRM) is preferred.
  • Minimum of 5 years of experience in operational risk management.
  • Strong analytical and problem-solving skills.
  • Excellent communication and interpersonal skills.
  • Ability to develop and implement effective risk management strategies.
  • Knowledge of regulatory requirements and industry best practices.
  • Experience with risk assessment and mitigation techniques.
  • Proficiency in risk management tools and systems.
  • Strong attention to detail and organizational skills.
  • Ability to work independently and as part of a team.
  • Proactive and detail-oriented approach to work.
  • Experience in conducting internal audits and reviews.
  • Ability to prepare and present risk management reports.
  • Strong project management skills.
  • Ability to work under pressure and meet deadlines.
  • Experience in developing and implementing business continuity plans.
  • Knowledge of data analysis and reporting tools.
  • Ability to stay up-to-date with industry trends and regulatory changes.
  • Strong leadership and mentoring skills.

Potential interview questions

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  • Can you describe your experience in operational risk management?
  • What risk management strategies have you implemented in your previous roles?
  • How do you stay up-to-date with regulatory changes and industry best practices?
  • Can you provide an example of a risk you identified and how you mitigated it?
  • How do you ensure effective communication of risk management policies within an organization?
  • What tools and systems have you used for risk management?
  • How do you approach conducting risk assessments?
  • Can you describe a time when you had to develop a business continuity plan?
  • How do you handle conflicting priorities and tight deadlines?
  • What steps do you take to ensure compliance with regulatory requirements?
  • How do you collaborate with different departments to identify and manage risks?
  • Can you provide an example of a successful risk mitigation plan you developed?
  • How do you monitor and analyze risk trends?
  • What is your approach to training staff on risk management practices?
  • How do you prepare and present risk management reports to senior management?
  • Can you describe your experience with internal audits and reviews?
  • How do you develop and maintain risk management policies and procedures?
  • What is your approach to mentoring and supporting junior risk management staff?
  • How do you handle emerging risks and unexpected challenges?
  • What qualities do you believe are essential for a successful Operational Risk Manager?