Operational Permanent Controller

Job description

Main Job Purpose

Responsible for the delivery of OPC services to the Custody, FDS and TDS business lines, ensuring that:

·
Operational risks are identified and assessed

·
A risk monitoring and migration framework has been implemented and is being followed

·
Staff and management are fully aware of risks and the surrounding control environment

·
Operational risk matters are reported on a timely basis to business line and functional management

Key Responsibilities

Identification and assessment of risks and controls (RCSA)

· Ensure that all relevant departments have analysed their processes and identified and documented the operational risks generated by their activities
· Ensure that all the departments have assessed the potential impact of their operational risks and implemented the relevant controls
· Define remediation plans where required and ensure that these are followed up

Procedures and organisational principles

· Ensure that operational processes are fully defined in a set of operational procedures and that the procedures are maintained and reviewed on a regular basis
· Ensure that operational procedures respect the principles of conflict of interest, particularly relative to IT access rights

Controls / verifications

· Perform the generic control plans defined and communicated by the OPC Head Office team
· Analyse the results of the generic controls plans to determine business action plans and follow up

Collection of historical incidents

· Ensure that all incidents are identified, analysed and recorded on a timely basis
· Define action plans and follow up on implementation
· Ensure timely communication to operations and functions management on key incidents
· Undertake first level controls on the incident reporting including attestations and reconciliation with accounting

Quantification of potential incidents

· Quantify generic potential incidents defined at Head Office level, ensuring appropriate management validation

Findings, recommendations and permanent control actions

· Ensure timely delivery of Internal Audit (IG) recommendations and permanent control actions

Reporting and Training

· Prepare local ICC, Board and Management Committee reports covering the status of the operational risk environment within the GC, FDS, TDS and MFS business lines
· Ensure appropriate awareness on operational risk matters
· Organise and provide training on the operational risks and permanent control framework

Desired profile

Qualifications :

Essential Requirements

·  Knowledge of Operational Risk procedures and governance
·  Ability to interrogate to establish facts
·  Experience working in a custody, corporate trustee or banking role will be an advantage