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Category: Bank/Non-Bank Fin. Institution

Assistant Manager

IDLC Finance Limited



Job Context
  • The incumbent will be responsible to assist Head of Operational Risk Management (HoORM) with the implementation of the Operational Risk Management Framework, with a specific focus on risk analysis across the organization. This job role offers an exciting opportunity to learn risk in a holistic way across the organization and grow as a risk professional.
  • Operational Risk Management deals with the risk of a change in value caused by the fact that actual losses, incurred for inadequate or failed internal processes, people and systems, or from external events. Operational Risk Management (ORM) proactively assists the businesses, operations & technology, and support functions in enhancing the effectiveness of controls and managing operational risks across products, business lines and regions
Job Responsibilities
  • Identify, review, analyze and manage operational risks in all products, businesses & support units of IDLC Finance Ltd
  • Review of the Standard Operating Procedures (SOPs) of each department of IDLC Finance Ltd. and perform gap/risk analysis
  • Review and recommend for update/change in SOPs/ processes maintaining the industry best practices
  • Facilitate the development of the Key Operational Risks, escalations, mitigation, key risk indicators and targets across the country
  • Analyzing operational risk data (typically losses, metrics or assessment results) to identify areas of excessive risk and also to ensure past mitigation efforts are having the desired effect
  • Investigating what is causing metrics to deviate from trend and escalating situations that pose excessive risk
  • Identifying root causes of major internal losses and ensuring similar businesses across the organization is aware of risks and recommendations
  • Identifying exposures in planned new products, services & processes and ensuring mitigating steps are taken to prevent losses upon implementation
  • Consolidate, analyze and review operational risk losses, events and other indicators
  • Ensure implementation of process controls embedded in Standard Operating Procedure (SOP)
  • Review existing & new PPG/products across the organization and identify the operations risks and propose mitigation
  • Analyze the best industry / global practices in operational Risk Management
  • Develop and review unit/department wise checklist of operational risk
  • To review and update (if necessary) the documentation checklist of Operations division also review and monitor the pending documents checklist
  • Management of risks identified at branch business operations and administrative operations level
  • Assist in conducting periodic meeting, generate summary report and escalate medium/high risk issues to HoCC
  • Evaluate appropriateness of risk ownership. Analyzing identified trends in the key risk indicators report to HoCC
  • Monitoring the implementation of action plans to address medium and red key risks on the risk and control self-assessments/risk registers
  • Identify issues escalated through various ORM tools
  • Confirm risk graded at ORM level and proposes process changes
  • Assign ownership of mitigation actions at unit level and monitor outcome
  • Implement operational risk policy and procedures in line with regulatory and market changes
  • Prepare and maintain risk management documentation, risk policies and risk reports
  • Develop risk assessment program and action plans to mitigate operational risks
  • Work with business unit to understand business, key drivers, concerns, future plans and offer support to mitigate risk
  • Periodic Branch visit to assess operational risk and propose mitigation
  • Designing and conducting training session, presentations and workshop sessions on operational risk identification and mitigation
  • Proactively provide specialist operational risk advice, and constructive challenge, to the wider Operational teams
  • Contributing, promoting and monitoring continuous improvement in Risk Culture across the Operational areas
Employment Status


Educational Requirements
  • Master of Business Administration (MBA) in Finance, Accounting, Bachelor of Business Administration (BBA) in Finance, Accounting
  • Preferred Professional Certification: Additional qualification as CA (Advanced level Professional level) will be preferable
Experience Requirements
  • At least 2 year(s)
Job Location


Job Source Online Job Posting

Read Before Apply

*Photograph must be enclosed with the resume.

Apply Procedure

Application Deadline : June 30, 2018
Company Information
IDLC Finance Limited Address : Bay's Galleria (1st Floor), 57 Gulshan Avenue (CWS-A-19), Gulshan-1, Dhaka-1212 Web : Business : Multiproduct Financial Institution
Job Summary

Published on: Jun 12, 2018

Vacancy:  01

Employment Status: Full-time

Experience: At least 2 year(s)

Job Location: Dhaka

Salary: Negotiable

Application Deadline: Jun 30, 2018

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