Operational Risk Assurance Manager

Being part of the second Line of Defence (2nd LoD) control effectiveness monitoring function, you will be participating in the development, roll-out and execution of integrated 2nd LoD control effectiveness monitoring for Wholesale Banking in Asia Region. This role is involved in building and implementing integrated globally standardised approach 2nd LoD control effectiveness monitoring in Asia as part of the Risk Control Framework (RCF) Program, including the further development of the ARCHER/RCF tooling.

In Rabobank, a structured 2nd LoD control effectiveness monitoring function is set up globally for a robust framework covering all key risks and controls including those required under regulatory requirements (e.g. Sox/Volcker/DFA). Under the global framework, control effectiveness monitoring will be supported through a specific module in the ARCHER system. You will execute and improve the 2nd LoD Control testing work in Asia and be part of a global WRR 2nd LoD control effectiveness monitoring community. You will analyse and evaluate controls on their design and operating effectiveness and act upon the testing results together with the control owners in the 1st LoD and your colleagues in the 2nd LoD.

Located in Hong Kong, the 2nd LoD control effectiveness monitoring team operates in a regional context and supports the Regional Head of Operational, Asia in ensuring effective control and monitoring are in place for the region. As Testing and Operational Risk are more integrated in Asia, this role may be required to cover certain operational risk management activities. The team will perform integrated independent 2nd LoD control effectiveness monitoring covering both Operational risk & Compliance related key controls and provide independent assessments of the control effectiveness of the key-controls.

Due to the nature of the activities conducted within the function, the team will have frequent interactions with a broad range of departments within the bank and where specific knowledge in the field of wholesale banking activities, organisation and controls is key, in order to provide an independent view on control effectiveness to various internal client groups within the organisation.

The role will consist of the following key elements:

  • Control effectiveness assessment: independently assess operating effectiveness of the key controls and where required raising findings in relation to the test activity;  

  • Risk mitigation assessment: working together with multiple parties both in 1st and 2nd LoD in determining the design effectiveness of key controls; 

  • Business change management: building and implementing integrated globally standardised approach 2nd LoD control effectiveness monitoring as part of the Risk Control Framework (RCF) Program;

  • Way-of-Working: you will be supporting the further development of the new RCF/ARCHER way-of-working;

  • Reporting: produce relevant reports around testing activities and profiles to management relevant risk committees

  • Control knowledge support: act as a Competence Centre with regard to controls and control monitoring (proactively) advising the 1st and 2nd LoD on control related themes.

  • Other operational risk management responsibilities as required.

The successful candidate should possess the following qualities:

  • Bachelor/Masters degree

  • 5 years of relevant experience (e.g. control testing, process/risk management) in the financial industry

  • Experience in (internal/external) Audit and/or with control effectiveness monitoring for regulatory frameworks (e.g. Sox, Volcker, DFA etc.)

  • Operational Risk, Audit or Compliance experience (CDD, client file review) is highly valued

  • Experience in or familiarity with technology risk management is a plus

  • Good communication skills (both written and verbal)

Interested candidates may apply directly through this link 

Diversity & Inclusion

At Rabobank Asia, we:

Believe a diverse and inclusive workplace is the foundation of our performance.

Embed diversity in everything we do on a daily basis, whether it be our hiring, culture, development opportunities or our policies.

Value differences in our people which is represented in terms of gender identity, age, sexual orientation, religion, ethnicity, disability, background, education, expertise or character. 

Embrace people from all walks of life to build a strong, creative, innovative and dynamic workforce that is reflective of the diversity of our community.

Treat everyone equally so that everyone can be themselves, and each individual feels respected and valued on the basis of who they are.

#Rabobank #RabobankAsia

Operational Risk Assurance Manager

Contract type Full time
Location 88 Queensway, (Hong Kong SAR)
Reference number JR_00067716
Publication date 23 June 2022

Subscribe to our job alert!

Application procedure


    Where we make the difference

    Interesting jobs for you

    Haven't found your dream job?