Operational Risk Senior Specialist

2023-05-16 | po-021473

Company description

One of the largest German automotive financiers providing leasing, finance, and insurance products for the needs of vehicle and motorcycle owners.

Responsibilities

This role takes responsibility in three areas.

A) Operational Risk Management

1. Analyze, mitigate, and monitor operational risks resulting from inadequate or failed internal processes, people, and systems or from external causes (deliberate, accidental, or natural) and including legal risk.

2. Analyze Key Risk Indicators to identify the potential risks and discuss solutions with stakeholders.

3. Analyze Operational risk loss events to identify the root causes, discuss action plans with stakeholders, and follow up on the loss events for case closure.

4. Report monthly KRIs and incidents into the global operational risk suites as well as prepare the local reports to management.

5. Regularly assess the effectiveness of risk mitigation measures.

6. Work together with other departments as the second line of defense.

7. Support risk culture in the company by providing physical/web training.

8. Coordinate administrative tasks within the risk team

B) Internal Control Systems

1. Support the ICS champion to manage the proper Internal Control Systems (ICS) in the company.

2. Review operational processes to assess internal control.

3. Coordinate the control tests

4. Monitor violations to assess the proper authority based on the segregation of duties.

5. Carry out detailed walkthroughs with departments and process mapping to identify significant risks and controls.

C) Business Continuity Management

1. Work closely with all stakeholders for the appropriate business continuity plans, documentation, and testing to ensure business continuity of the time-critical business processes and the local Crisis Management.