Objective

The Operational Risk Advisor role is crucial for identifying, evaluating, and mitigating operational risks within the organization. The primary objective is to prevent financial loss and protect the company's reputation by implementing effective risk management strategies and ensuring compliance with regulations.

Description

Mitigates operational risks to safeguard the organization's reputation and financial health.

Sample Questions

• What are the basics of operational risk management?
• How to effectively mitigate identified operational risks?
• What's the best strategy for managing complex operational risks?
• How to align operational risk management with business objectives?

Key Functions

1. Identify and assess operational risks. 2. Develop and implement risk mitigation strategies. 3. Ensure compliance with risk management regulations. 4. Conduct risk assessments and audits. 5. Train staff in risk management procedures. 6. Monitor and report on the effectiveness of risk management strategies. 7. Collaborate with other departments to manage organizational risks. 8. Stay abreast of risk management best practices and regulatory changes.

Required Skills

1. Risk analysis and assessment. 2. Knowledge of risk management standards and regulations. 3. Risk mitigation strategy development. 4. Compliance auditing. 5. Financial reporting. 6. Knowledge of operational processes. 7. Data analysis. 8. Knowledge of risk management software. 9. Understanding of the financial industry. 10. Knowledge of business continuity planning.