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Category: Bank/Non-Bank Fin. Institution

Senior Executive Officer (SEO), Operational Risk Analyst, Operational Risk Management (ORM)

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
  • Supporting in setting, developing, communicating and monitoring policy & procedures on Operational Risk (OR) and Operational Risk (OR) mitigates
  • Implementation of organization wide OR framework, reporting tools and establishment of risk ownership across the organization under Operational Risk Policy.
  • Ensuring clear assignment of OR policies to relevant units / policy owners/process owners, and ensuring that they have frameworks to monitor their risks and control failures
  • Identify, review, analyze and manage operational risks in all products, businesses & support units of IDLC Finance Ltd
  • Ensuring that significant operational risks are identified in a wider business / function context, to determine significant risks that need to be reported to relevant risk management committees
  • Conducting independent process review (Process Risk Analysis - PRA) of existing work process of each unit/department across the organization
  • Maintaining an organization wide framework for OR so that business and support functions can consistently identify, assess and respond to internal and external changes in operating environment
  • Review existing & new PPG/products across the organization and identify the operations risks and propose mitigation
  • Collating information and trends on gaps, risks, breaches and control failures
  • Recommending mitigation's/solutions of identified OR issues
  • Monitoring of regular reporting of unit wise Key Control Standards (KCS) / Key control self - assessment (KCSA) / Key Risk Indicators (KRIs) by respective unit and suggest mitigations
  • GAP analysis of SOP [Monitoring of approved SOP/Embed Process Control in line with the best market practice
  • Review and recommend for update/change in SOPs/ processes maintaining the industry best practices
  • Review of audit reports / clients complaints to review OR issues (if any)
  • Operational risk analysis (if any) on critical overdue (OD)/litigated/write-off (W/O) a/c
  • Supporting in submission of Monthly Dashboard.
  • Conducting Incident Analysis Report (IAR) based on the incidents referred by different units
  • Ensuring timely reporting under different OR toolkits
  • Coordinating strategic OR issues to ensure that the organization perspective is considered in strategic initiatives
  • Developing and maintaining an organization wide OR tracking process/system
  • Maintaining database of operational loss events
  • Identify the process improvement areas that have direct/indirect implication on operational risk concerns
  • Ensuring through nominated UORM (Unit Operational Risk Manager) that the core operational risk policy & procedures are implemented and applied consistently across all units in the business / function at branch and company level
  • Monitoring the implementation of action plans to address & mitigate High, Medium & Low risk issues
  • Initiating appropriate remedial / mitigation actions as per discussions at the different OR risk committees to ensure that significant risks/exposures are understood and managed efficiently and in a timely manner
  • Periodic sample testing (including branch visit /client visit if required) to identify OR issues as per Management Requirements
  • Analyze the best industry / global practices in operational Risk Management
  • Contributing, promoting and monitoring continuous improvement in Risk Culture across the Operational areas
  • Conducting training / awareness program on OR issues across the organization
Employment Status


Educational Requirements
  • MBA/BBA majoring in Finance / Accounting from a reputed university.
  • At least 2 years experience in internal audit, external audit, accounting, country's laws and regulations and compliance related services
Experience Requirements
  • At least 2 year(s)
Additional Requirements
  • Superior problem solving, analytical, presentation and interpersonal skills
  • Analytical inquisitiveness and problem solving ability; an ability to ask insightful questions, break analytical challenges into workable components and draw meaningful conclusions
  • Excellent oral and written communication skills
  • Attention to detail and ability to sift through complexity and see issues clearly. Can communicate complex ideas simply and compellingly
  • Drive and determination - high energy level, but composed and independent
  • Ability to work independently and ability to take difficult decisions and stick to them
  • Good at brainstorming; can conceptualize new approaches quickly
Job Location



Read Before Apply

*Photograph must be enclosed with the resume.

Apply Procedure

Application Deadline : August 25, 2019
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: Aug 1, 2019

Vacancy:  1

Employment Status: Full-time

Experience: At least 2 year(s)

Job Location: Dhaka

Salary: Negotiable

Application Deadline: Aug 25, 2019

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