What is Operational Risk Management?
Operational Risk Management is an ongoing process of risk assessment and risk decision making leading to the implementation of risk controls, which in turn result in risks being mitigated, avoided or tolerated. Operational Risk Management includes overseeing operational risk issues, incorporating the risk of losses resulting from inefficient or failed systems and processes, human errors or issues outside the firm.
What are the responsibilities of an Operational Risk Manager?
- Updating and improving risk policies and risk management standards.
- Identifying and assessing operational risk within business areas
- Execute strategic plans for the mitigation, prevention and prevention of operational risks.
- Aide Operational Risk Analysts in the creation and/or improvement of key risk and control indicators
- Working with senior management to conduct Operational Risk reviews.
- Monitoring Operational Risk issues for business teams
- Informing senior management of Operational Risk issues
- Participating in the identification and evaluation of risk exposure across operational activities
- Scrutinizing the root cause of identified operational risks and delivering support to mitigate.
- Updating and revising documents concerning risk policies, risk procedures and risk management
- Maintaining current knowledge of industry best practices and new operational risk management techniques
Are you looking to hire an Operational Risk Manager?
Whether it’s permanent or an interim appointment, we can help you find the perfect candidate for the position. To find out more, complete the contact form below and we’ll be in touch within the next working day to discuss your opportunity further.
Why should you use us for your search?
- Kind has a large pre-existing network of Compliance, Risk and Financial Crimes experts, which allows us to present your vacancy to leading professionals in the sector.
- An active headhunting approach provides the best candidates for your organization and delivers more accurate searches.
- With a shortlist of pre-screened candidates selected by our specialist team, there is no need for you to sort through irrelevant or underqualified CVs.
- Kind Consultancy maintains a fast-growing database of Risk, Compliance and Financial Crimes professionals who will be eager to hear about your need in their niche.
If you want to hire an exceptional Operational Risk Manager, complete the contact form below and we will initiate a conversation about how Kind Consultancy can help find the ideal person for your organization.