Operational Risk Analyst

Managing the operational risk for all regulated entities in line with the Group’s Risk Management Framework.

DUTIES & RESPONSIBILITIES:

•	Gather operational risk-related data from internal or external resources and conducting statistical analyses to quantify risks.
•	Identify weakness in systems and processes and help to mitigate the risk of failures from internal operations
•	Carry out detailed walkthroughs and process mapping to identify significant risks and controls
•	Gather information and report on operational Key Risk Indicators (KRI’s) and Key Performance Indicators (KPIs); and also provide support with development and analysis of each indicator as required.
•	Analyze operational risk data and loss scenarios to assist in the determination of operational risk capital
•	Analyze control environment of VM Group’s business, processes, and products to identify gaps and recommend control enhancements to improve the environment
•	Assist in recording/monitoring the group’s Operational Loss Database
•	Work with business unit to understand business, drivers, concerns, future plans and offer support to mitigate risk.
•	To support operational risk analysis in line with the Operational Risk Framework e.g., thematic reviews, quarterly risk reviews, annual risk register reviews, updating risk appetites and validation of operational risk
•	To assist in the recording, monitoring, and investigation of risk events / incidents and collating for quarterly risk reports
•	Complete assessment and analysis work as required on Product Risk Review, problematic processes, outsource arrangements, key initiatives, significant loss events, what if scenarios for industry events
•	Support the completion of business unit-specific risk/control self-assessments, as well as analysing the root causes of operational exceptions and assisting in the development and completion of risk mitigation strategies

QUALIFICATION & EXPERIENCE:

• Bachelor’s Degree in Finance, Business Administration, Accounting, or related professional qualification
• Three (3)  - Five (5) years of professional experience in the fields of risk management, compliance, audit, process engineering, or related fields.

SKILLS & COMPETENCIES:

•	Knowledge of ORM practices and Risk Framework (e.g., COSO)
•	Solid working knowledge of enterprise and operational risk management frameworks and processes
•	Knowledge of IT Operations, business applications, regulatory environment, and key technology risks
•	Operational Risk management experience within the Financial Services industry

•	Ability to analyze data, identify root causes, recommend change controls to senior management
•	Risk and control self-assessment methodologies
•	Ability to analyze risk metrics and translate into predictive action plans that anticipate and mitigate risk exposure