Program Manager Operational Risk

Responsibilities

• Manages, executes and matures risk assessment methodologies, templates, reports, and workflows, and effectively coordinates with key stakeholders to maintain and update the Risk and Control Self-Assessment (RCSA) Universe, ensures proper execution of the RCSA plan and trains first-line key stakeholders on risks and control identification and assessment as well as creation of effective business process flows.
• Facilitates and coordinates new products, services, and initiative assessments and pre/post implementation risk reviews. Facilitates operational risk event management/loss analysis framework and data collection, including detailed reviews of significant events to ensure appropriate remediation.
• Conducts scenario analysis by working with key stakeholders across the enterprise to develop and quantify scenarios measuring tail risk.
• Partners closely with the Executive Director, Enterprise & Operational Risk to continually enhance BOH’s risk programs and practices overall, that will help to continuously mature the enterprise risk management framework.
• Forges relationships and works collaboratively with business partners to operationalize risk management programs, practices, and knowledge within the first line and ensures timely delivery of commitments.
• Immerses in BOH’s Enterprise Risk Management framework and serves as risk management champion by providing expert level guidance and support to business partners.
• Researches and has discussions to gain a strong working knowledge of business processes in order to provide the appropriate level of risk / control analysis, review and challenge.
• Assists in developing risk reports and communicate results to business owners, Operational Risk Committee, and other key stakeholders as needed.
• Drives discussions with stakeholders in developing action plans for self-identified issues, including root cause analysis and control design and effectiveness, and monitor remediation to timely completion.
• Maintains an awareness of and monitor the environment for new and emerging legislation, policy statements, relevant trends, and industry best practices and how they might impact BOH.
• Proactively seeks out process improvement opportunities and technology enablement.
• Performs all other miscellaneous responsibilities and duties as assigned.