Risk management - Operational risk

Banking

2.7.4 Risk management – Operational risk

Description of role

Responsible for identifying, reviewing and measuring operational risk, risk of loss resulting from inadequate or failed internal process, people, systems and management or from external events.

Core technical skills

• Knowledge of QCB laws and regulations.
• Knowledge of financial sector, and subsectors
• Knowledge of financial risk management and enterprise risk management concepts
• Ability to identify risks including systemic risks and priorities them based on significance
• Understand counterparties, industry segment and broader economic environment in which borrowers operate
• Ability to understand and identify drivers of operational risk
• Ability to develop, implement and maintain operational risk identification and measurement framework
• Knowledge of operational risks, risk measurement tools like Risk Control Self-Assessment (RCSA) and Standard and Advanced Measurement Approach (AMA) to operational risk
• Ability to perform scenario analysis, identify key risk indicators and operational risk capital modelling
• Knowledge of operational risk mitigating tools and measures

Qualification and/ or certification

QFSQF Level 3
FRM / PRM / CFA or equivalent qualifications would be useful
Relevant experience

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