Operational Risk Analyst, Enterprise Risk Management in IDLC Finance Limited Dhaka, Bangladesh

Internship

Website IDLC Finance Limited

This job listing is about IDLC Finance Limited in Dhaka, Bangladesh 2022 exclusively on jobizille.com

About The Company

IDLC Finance Limited is the largest multi-product Non-Banking Financial Institution in Bangladesh with 39 branches and over 1,500 employees. IDLC Finance Limited offers a wide range of loans, deposits and capital market products and services to the Corporate, Consumer and SME client segments. IDLC operates in the Capital Markets through its three wholly owned subsidiaries- IDLC Investments Ltd, IDLC Securities Ltd and IDLC Asset Management Ltd.

Job Context

The incumbent will be responsible to assist Group Head of Enterprise Risk Management (GHoERM) 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 about risk in a holistic way across the organization and grow as a risk professional. Enterprise Risk Management (ERM) at IDLC comprises of two (2) wings i.e. Operational Risk Management (ORM) and Financial Risk Management (FRM).

Operational Risk Management (ORM) 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 and technology, and support functions in enhancing the effectiveness of controls and managing operational risks across products, business lines and regions.

Financial Risk Management (FRM) is responsible for ensuring effective and integrated risk management framework for IDLC and monitoring and setting strategy for organization wide Financial and other Risk Management e.g. Credit, Market, Liquidity, Reputation, Strategic, Climate/Environment/Social, Model, Legal & compliance Risk, Risk Research & Policy Governance.

Designation: Assistant Manager

Job Responsibilities

  • Supporting in setting, developing, communicating, and monitoring policy, procedures, frameworks, and toolkits on Operational Risk (OR) and Operational Risk (OR) mitigates across the IDLC Group under the Operational Risk Policy.
  • Identify, review, analyze and manage operational risks in all products, businesses & support units of IDLC Group to determine significant risks that need to be reported to relevant risk management committees. Review of audit reports / clients complaints to identifyeview OR issues (if any).
  • Conducting independent process diagnosis (Process Risk Analysis – PRA & SOP Gap Analysis) of existing work process of each unit/department across the organization. Also identify the process improvement areas that have direct/indirect implication on operational risk concerns and analyze the best industry / global practices in Operational Risk Management.
  • Monitoring regular risk reporting through ORM KPI, Risk Control Indicators (RCI), Risk and Control Self – Assessment (RCSA) / Risk Register (RR) by respective unit and suggest mitigations.
  • Preparing and maintaining different Monthly Dashboards/MIS/ Operational loss database for stakeholders.
  • Supporting Business Continuity Plan (BCP) Drill management, Country wide Top Operational Risk management and ORM software/toolkits development initiative.
  • Conducting Branch Process Risk Analysis (BPRA), Periodic sample testing (including branch visit /client visit if required) to identify OR issues as per Management requirements.
  • Conducting periodic meeting of different Operational Risk Management Forums & monitoring resolutions till implementation.
  • Conducting training / awareness program on Operational Risk issues across the organization.

Educational Requirements

MBA/BBA majoring in Finance / Accounting from a reputed University.

Additional qualification as CA Advanced level candidate or Certification on Credit Skill Assessment (CSA) will be considered as an added advantage.

Experience Requirements

Preferably 3 to 4 years’ experience in risk management department (RMD)/audit firm/ internal audit/ external audit/ accounting/ country’s laws and regulations and compliance related services.

Job 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. Can communicate complex ideas simply and compellingly.
  • Drive and determination.

Salary Range

Negotiable

Other Benefits

  • IDLC promotes workplace equality through transparent recruitment practices, fair appraisal processes, attractive remuneration and incentive package, group insurance, equal career prospects and training opportunities for all its employees irrespective of gender, age, race, religion, ethnicity or disability.
  • Qualification, skills and competency form our basis for nurturing talent.
  • We are proud to state that favorable job responsibilities and adequate maternity benefit policies are increasingly attracting greater participation from female employees in the IDLC family.

Application Deadline

December 26, 2022

Company: IDLC Finance Limited

Vacancy Type: Full Time 

Job Location: Dhaka, Bangladesh

Application Deadline: N/A

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