Provides support to the Chief Compliance Officer in overseeing the risk taking activities across the Bank, as well as in evaluating whether these remain consistent with the Bank's risk appetite and strategic direction. Regular Duties:
Supports the board of directors in developing the risk appetite and translating it into a risk limits structure for BOF.
Proposes enhancements to risk management policies, guidelines, and procedures (PGPs) to ensure robust risk management capabilities.
Documents, updates, and disseminates risk management-related PGPs, ensuring compliance with relevant laws and standards.
Stays updated on risk management news and best practices to revise PGPs promptly.
Participates in the review of IT outsourcing contracts and system development to ensure adequate controls and security requirements.
Conducts risk assessments as required, especially for new products, services, or systems.
Other Responsibilities:
Documents and disseminates information security policies, initiating updates as needed.
Coordinates company-wide information security training programs to ensure compliance with regulations.
Stays updated on security-related news and best practices to revise BOF's policies accordingly.
Updates the information security program to reflect changes in operations, systems, and threats.
Handles information security incidents and suspected breaches, coordinating responses with GDS.
Conducts periodic reviews of access rights to applications and networks.
Attends ITSC meetings to report and follow up on information security incidents and concerns.
Performs other duties related to risk management and information security as assigned.