Risk Identification: Pinpoint operational risks throughout the product lifecycle, such as risks associated with rapid feature releases, security vulnerabilities, and regulatory compliance
Risk Assessment: Evaluate the likelihood and potential impact of each identified risk, often using quantitative and qualitative risk assessment tools e.g., risk maps or heat maps, survey, interview, workshop etc.
Risk Mitigation Strategies: Working closely with product owner or related value chain to develop and implement controls or contingency plans to reduce the probability or impact of operational risks.
Control testing to ensuring that risk mitigation measures are effective and that the business’s operations comply with regulatory standards and internal policies.
Working closely with product owner to perform incident root cause analysis and develop response plan, and prevention.
Monitoring and Reporting: Track risk exposure and incidents over time, ensuring management is aware of key risk metrics and trends.
Qualifications:
Analytical Skills: To assess and interpret data related to operational risks.
Attention to Detail: For identifying subtle process inefficiencies or compliance issues.
Communication: To explain complex risks and mitigation strategies clearly to stakeholders.
Problem-Solving: To develop effective risk mitigation strategies.
Knowledge of Regulatory Frameworks: Understanding of laws and regulations governing operational risk, especially in banking and financial institutions
Agility and Adaptability: The fast-paced nature of tech means risk managers need to adapt quickly to new technologies, regulatory changes, and product shifts.
Data Analysis and Machine Learning: An ability to leverage data analytics and machine learning to identify trends or predict potential operational issues can be valuable, given the volume of data tech companies handle.
Bachelor’s or Master’s degree in Finance, Business Administration, Computer Engineer, Computer Science or Management Information System
Experience at least 4-5 years in an internal control, risk management or (internal or external) audit function and preferably have IT experience.
Good communication, convincing and advisory skill with the ability to work at all levels in the organization.
Good understanding of banking product and processes.
