As a bank for the changing world, we have a very strong framework to manage and mitigate operational risks. The team consists of subject matter experts who play a key role in the first line of defence setup to manage the bank’s operational risks and permanent control.
The team is responsible for the implementation of the permanent control framework of each entity. They are segregated from the operational teams within their control perimeter to ensure independence. Responsible for identifying the risks of the organization through various assessments and helping remediation of the same, OPCs ensure that the Group procedures & guidelines are implemented, transposed if need be according to local regulations, requirements
In collaboration with control functions, OPCs coordinate operational risk and permanent control framework of an entity. They cover all operational risks listed in the risk taxonomy including fraud, outsourcing, shoring, conduct, compliance and regulatory breaches, and ICT risks.
