Bayt.com Jobs: Sr. Operations Risk / Control Officer - Banque Saudi Fransi

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Sr. Operations Risk / Control Officer - Banque Saudi Fransi Apr 20th 2013, 04:45 Position: A Senior Position in Operational Risk and Permanent Control. -The Department is responsible for evaluating the operational process to assess relevant operational risks and ensure that sufficient methods of controls are in place for risk measurement. Suggest corrective action to enhance controls and minimize operational losses. Conduct risk analysis prior to any material change of processes, systems, and procedures. Continuous assessment of operational risk and collection of operational loss data. Evaluation of specific first and second level of control activities and requirements 1.Review operational processes and policies and procedures to evaluate the quality and efficiency of the first level of control. 2.Analyze the implemented second level of controls against the process and highlight change requirements if necessary. 3.Conduct necessary reviews (qualitative analysis of the "high risk" operations) to determine operational risks and mitigation methods. 4.Propose and discuss modifications, additions, or change of the process and control, if necessary. 5.Liaise with business lines and operational entities to setup action plan to implement / enhance control efficiency and effectiveness, and follow-up the implementation of the action plan. 6.Monitor second level of control activities and produce consolidated control report. 7.Perform administrative tasks and provide assistance to the superior levels as well as guidance to the junior level when applicable. Major duties are as follows: •Develop framework for operational risk and permanent control activities. •Evaluate operational processes to assess relevant operational risks and ensure that sufficient methods of controls in place. • Conduct risk analysis prior to any material change of processes, systems and procedures take place. • Evaluate first and second level of control activities and requirements with view to enhance controls, setup effective mitigation tools and minimize operational losses. • Continuous assessment of operational risks and collection of operational loss data. • Requirements in line with SAMA and Basel II Job Details Date Posted: 2013-04-20 Job Location: Riyadh, Saudi Arabia Job Role: Management Company Industry: Banking Preferred Candidate Career Level: Management Apply Now - Jobs in Saudi Arabia - Search All Jobs

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