(1716) CODI Operational Risk Analyst

The successful candidate will be responsible for the following key performance areas:

• Develop, implement and maintain processes for determining whether a bank’s operational processes and internal controls meet CODI’s regulatory requirements.

• Conduct reviews, assessments as well as on-site inspections of deposit insurance submissions by the banks against legislative and deposit insurance regulatory requirements of CODI, to identify risks and non-compliance.

• Evaluate the risk magnitude and significance emanating from the non-compliance identified and report on findings with suggested recommendations to address the risks identified .

• Assess the adequacy of the remedial plans with actions that the banks will take to address its non-compliance and associated timelines.

• Perform continuous monitoring and record keeping of the implementation of remediation actions for findings emanating from banks’ internal audits on CODI’s regulatory requirements and, where applicable, external audits and/or any other internal/ external assessment reviews .

• Prepare and present regular reports to management and the board of directors of CODI (Board), thus ensuring that management and the Board are kept fully aware of any key concerns that may impact CODI’s fulfilment of its mandate.

• Cooperate with the Prudential Authority (PA) on any non-compliance and risks identified by the PA or CODI, that will influence CODI’s role in a bank’s resolution.

• Assist with appointing third-party service providers and work closely with them to conduct external audits and other internal or external assessment reviews of the banks.

• Participate in meetings and industry consultations with stakeholders, ensuring a clear understanding of CODI, its requirements and processes.