Operational Risk Manager Responsibilities and Duties

Posted in Job Responsibilities

Develop operational risk policies and standards for risk management.

Perform operational risk identification and assessment in business units.

Implement strategic plan to prevent, eliminate and mitigate operational risks.

Assist Operational Risk Analysts in development of key risk and control indicators.

Coordinate with senior management in performing operational risk reviews.

Track and monitor operating risk issues for business units.

Report operational risk issues and decisions to senior management on regular basis.

Assist in identifying and evaluating risk areas across the operational activities.

Investigate root causes of operational risks and provide support to mitigate risk.

Develop strong relationship with key stakeholders and business partners by addressing issues/concerns in timely manner.

Maintain documentation for risk management and risk policies and procedures.

Keep abreast of latest operational risk management techniques and industry best practices.

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