Appropriate NOC Code for Operational Risk Professional

[phoenix1985]

Hi,

I am currently a banker and am working for Standard Chartered Bank; an international bank with British Origin. I am working here for the last 7 years and am working at the Country Operational Risk division as “Senior Manager, Country Operational Risk”. I would like to apply for the Express Entry for Canada Immigration and am facing some challenges to identify which NOC code is most appropriate for me.

I am not quite sure which NOC Code will be most appropriate for me. For ready reference, I am jotting down my roles and responsibilities below:

• Managing Operational Risk governance structure and management across all businesses and functions of Standard Chartered Bank Bangladesh, through implementation of Risk Management Framework through usage of enhanced tools for enhance risk mitigation and vigilance, synergizing business growth.
• Focused roles to oversee the Operational Risk aspects starting from risk identification, risk assessment, risk reporting and risk monitoring.
• Assist the Country Head of Operational Risk in planning and implementing Basel II framework.
• Contribute to raising operational risk awareness and culture throughout the Bank and the business lines and provide guidelines to business units in enabling them to identify risks and develop necessary controls and processes to manage those risks.
• Preserve database of business processes, risks, controls, mitigation measures and historical losses (internal/external) on a Bank-wide basis.
• Promotes in the design, implementation, evaluation and reporting of:
- Key Performance Indicators (KPIs) and tolerance levels.
- Risk Control Self Assessment Process.
- Control Incident and Operational Loss Collation Processes.
• Assist in designing, implementing, assessing and enhancing of operational risk systems.
• Accomplish operational risk assessment review of new products, new or changed activities, processes and systems under the direction/guidance of Head of Risk Management.
• Review, analyze, enhance and update policies, procedures and processes for managing IT Security and operational risk in all of the bank’s material products, activities, processes and systems.
• Maintains abreast with developments in the market, regulatory environment for operational risk management in banking and financial services industries (Basel committee, FSA, BBA, etc.)

It would be great if any of the members here, who might have faced similar problems could give me some advice in this regard

Thanking you in advance for your kind response.

 

[stone hearted]

Hi,

I am currently a banker and am working for Standard Chartered Bank; an international bank with British Origin. I am working here for the last 7 years and am working at the Country Operational Risk division as “Senior Manager, Country Operational Risk”. I would like to apply for the Express Entry for Canada Immigration and am facing some challenges to identify which NOC code is most appropriate for me.

I am not quite sure which NOC Code will be most appropriate for me. For ready reference, I am jotting down my roles and responsibilities below:

• Managing Operational Risk governance structure and management across all businesses and functions of Standard Chartered Bank Bangladesh, through implementation of Risk Management Framework through usage of enhanced tools for enhance risk mitigation and vigilance, synergizing business growth.
• Focused roles to oversee the Operational Risk aspects starting from risk identification, risk assessment, risk reporting and risk monitoring.
• Assist the Country Head of Operational Risk in planning and implementing Basel II framework.
• Contribute to raising operational risk awareness and culture throughout the Bank and the business lines and provide guidelines to business units in enabling them to identify risks and develop necessary controls and processes to manage those risks.
• Preserve database of business processes, risks, controls, mitigation measures and historical losses (internal/external) on a Bank-wide basis.
• Promotes in the design, implementation, evaluation and reporting of:
- Key Performance Indicators (KPIs) and tolerance levels.
- Risk Control Self Assessment Process.
- Control Incident and Operational Loss Collation Processes.
• Assist in designing, implementing, assessing and enhancing of operational risk systems.
• Accomplish operational risk assessment review of new products, new or changed activities, processes and systems under the direction/guidance of Head of Risk Management.
• Review, analyze, enhance and update policies, procedures and processes for managing IT Security and operational risk in all of the bank’s material products, activities, processes and systems.
• Maintains abreast with developments in the market, regulatory environment for operational risk management in banking and financial services industries (Basel committee, FSA, BBA, etc.)

It would be great if any of the members here, who might have faced similar problems could give me some advice in this regard

Thanking you in advance for your kind response.

Hello dear,

I am also working as operational risk manager and applied in FSW 2014 in the category of "Other financial officers NOC 1114". You may change your job description accordingly i mean through some tweaking and get it signed from your admin or from immediate supervisor. try to use terminologies of that NOC in your job description in that work experience letter.

 

[phoenix1985]

Hi,

Thanks a lot for your response. Can you kindly tell me which job title did you choose under this category (i.e. 1114)? Was your application approved by CIC?

Thanks again!

 

[stone hearted]

Hi,

Thanks a lot for your response. Can you kindly tell me which job title did you choose under this category (i.e. 1114)? Was your application approved by CIC?

Thanks again!

My job title was senior operational risk analyst and one thing wana tell you that they dont focus on job titles, what they want that noc should match your job descriptions so use the terminologies as it is given in NOC. Further my application has been approved and reached at the medical stage. All the best dear

 

[phoenix1985]

Hi, Thanks.

If its okay, can you kindly share your duties and responsibilities that you used to open the profile at CIC? I would just like to cross check that with mine to be sure if I can go for 1114.

Please also let me know which title u selectd from the NOC 1114, job title list, while u were applying under this NOC.

Thanks again!

 

[stone hearted]

Hi, Thanks.

If its okay, can you kindly share your duties and responsibilities that you used to open the profile at CIC? I would just like to cross check that with mine to be sure if I can go for 1114.

Please also let me know which title u selectd from the NOC 1114, job title list, while u were applying under this NOC.

Thanks again!

You can see below few JDs and get an idea how to make it your job description letter. I used the title Senior Operational Risk Analyst and NOC code was 1114.

• Developing & Implementing Operational Risk Management (ORM) Framework and Operational Risk Strategy of the Bank including objectives, appetite and tolerance limits to ensure compliance of the bank with Regulatory guidelines.
• Evaluating and assessing the institutions’ risk assessment/management framework (IRAF) and the risk management practices.
• Reviewing audit Reports for regulatory gap analysis and monitoring the efficacy of corrective action plan.
• Conducting bank-wide Risk & Control Self Assessment (RCSA) Workshops for business and support Units for identifying their inherent risks, their related controls for residual risk assessment and developing Key Risk Indicators (KRIs) and further rolling it out to business/support units for reporting.

Try to use the main words of NOC 1114 like our field is related to financial examiners kind of role in NOC 1114 so try to use the words like they are given in that role. You can keep the same title as i did or you can make financial examiner if your supervisor is agreeing to make a sign on it as in my case which was not possible so i used the senior operational risk analyst title. Also you can make lead statement of your role at the top of experience letter which should also be somehow related to the NOC you choose. they would compare your JDs and NOC and if main words and purpose/ role is almost same then your case shall be selected.

All the best dear

 

[phoenix1985]

Thank you for the information. You have been very helpful and kind.

Take Care.

 

[daisyobichi]

Thank you for the information. You have been very helpful and kind.

Take Care.

Hello phoenix1985, I saw this post from you and I wanted to ask what NOC code you eventually settled with. I am also an operational Risk analyst in a bank, but I have difficulty deciding on which NOC to choose. I have worked in various risk management positions in the last 4 years but i have been in Ops risk unit for almost 2 years of that 4 years. If that experience is not sufficient, can I go with the option of searching for an NOC for funds tranfser officer in a bank which is what I was for 4 years since 2008 before delving into the world of risk management in 2013? Thank you.

 

[ruchira]

HI

Hello phoenix1985, I saw this post from you and I wanted to ask what NOC code you eventually settled with. I am also an operational Risk analyst in a bank, but I have difficulty deciding on which NOC to choose. I have worked in various risk management positions in the last 4 years but i have been in Ops risk unit for almost 2 years of that 4 years. If that experience is not sufficient, can I go with the option of searching for an NOC for funds tranfser officer in a bank which is what I was for 4 years since 2008 before delving into the world of risk management in 2013? Thank you.

,
I am in a similar situation-of 6 years in the current organidation(total experience 15 years) last 4 years are in operations risk-which NOC code did u choose?

 

[ruchira]

hell

You can see below few JDs and get an idea how to make it your job description letter. I used the title Senior Operational Risk Analyst and NOC code was 1114.

• Developing & Implementing Operational Risk Management (ORM) Framework and Operational Risk Strategy of the Bank including objectives, appetite and tolerance limits to ensure compliance of the bank with Regulatory guidelines.
• Evaluating and assessing the institutions’ risk assessment/management framework (IRAF) and the risk management practices.
• Reviewing audit Reports for regulatory gap analysis and monitoring the efficacy of corrective action plan.
• Conducting bank-wide Risk & Control Self Assessment (RCSA) Workshops for business and support Units for identifying their inherent risks, their related controls for residual risk assessment and developing Key Risk Indicators (KRIs) and further rolling it out to business/support units for reporting.

Try to use the main words of NOC 1114 like our field is related to financial examiners kind of role in NOC 1114 so try to use the words like they are given in that role. You can keep the same title as i did or you can make financial examiner if your supervisor is agreeing to make a sign on it as in my case which was not possible so i used the senior operational risk analyst title. Also you can make lead statement of your role at the top of experience letter which should also be somehow related to the NOC you choose. they would compare your JDs and NOC and if main words and purpose/ role is almost same then your case shall be selected.


hello, I do not see any surch wording son code 1114-so wanted to check from where did u find this description, please advise. thank u

 

[mahmud18]

I am now working in united commercial bank ltd( bangladesh ).I am confused about to choose my Noc for doing canada immigration.I am working in cash department and Head teller also.can I choose Noc-1114 other finance officer or 1212 for supervisor finance.I need help.which one I ll choose,if any brother or sister already applied and they also working in cash department or outside cash department.pls suggest me ,which one I ll choose for express entry profile

 

[Island_vibes]

HI

,
I am in a similar situation-of 6 years in the current organidation(total experience 15 years) last 4 years are in operations risk-which NOC code did u choose?

Hello Ruchira, I'm also in operation risks , which NOC did you use for your PR application? Was it approved? Please help!!

 

[Island_vibes]

Hi !

I hope you can help me. I also have a job description in risk management. Did u choose 1114 for your profile ? Did it eventually approve ? Thank you so much ! Please help!

Hello phoenix1985, I saw this post from you and I wanted to ask what NOC code you eventually settled with. I am also an operational Risk analyst in a bank, but I have difficulty deciding on which NOC to choose. I have worked in various risk management positions in the last 4 years but i have been in Ops risk unit for almost 2 years of that 4 years. If that experience is not sufficient, can I go with the option of searching for an NOC for funds tranfser officer in a bank which is what I was for 4 years since 2008 before delving into the world of risk management in 2013? Thank you.

 

[merlz]

You can see below few JDs and get an idea how to make it your job description letter. I used the title Senior Operational Risk Analyst and NOC code was 1114.

• Developing & Implementing Operational Risk Management (ORM) Framework and Operational Risk Strategy of the Bank including objectives, appetite and tolerance limits to ensure compliance of the bank with Regulatory guidelines.
• Evaluating and assessing the institutions’ risk assessment/management framework (IRAF) and the risk management practices.
• Reviewing audit Reports for regulatory gap analysis and monitoring the efficacy of corrective action plan.
• Conducting bank-wide Risk & Control Self Assessment (RCSA) Workshops for business and support Units for identifying their inherent risks, their related controls for residual risk assessment and developing Key Risk Indicators (KRIs) and further rolling it out to business/support units for reporting.

Try to use the main words of NOC 1114 like our field is related to financial examiners kind of role in NOC 1114 so try to use the words like they are given in that role. You can keep the same title as i did or you can make financial examiner if your supervisor is agreeing to make a sign on it as in my case which was not possible so i used the senior operational risk analyst title. Also you can make lead statement of your role at the top of experience letter which should also be somehow related to the NOC you choose. they would compare your JDs and NOC and if main words and purpose/ role is almost same then your case shall be selected.

All the best dear

Hey, i am also in the similar role and confused between NOC 1112, 1122 and 1114. Was your application accepted ? Can you please guide if possible.

 

[ratankumar1807]

Hi,

I am currently a banker and am working for Standard Chartered Bank; an international bank with British Origin. I am working here for the last 7 years and am working at the Country Operational Risk division as “Senior Manager, Country Operational Risk”. I would like to apply for the Express Entry for Canada Immigration and am facing some challenges to identify which NOC code is most appropriate for me.

I am not quite sure which NOC Code will be most appropriate for me. For ready reference, I am jotting down my roles and responsibilities below:

• Managing Operational Risk governance structure and management across all businesses and functions of Standard Chartered Bank Bangladesh, through implementation of Risk Management Framework through usage of enhanced tools for enhance risk mitigation and vigilance, synergizing business growth.
• Focused roles to oversee the Operational Risk aspects starting from risk identification, risk assessment, risk reporting and risk monitoring.
• Assist the Country Head of Operational Risk in planning and implementing Basel II framework.
• Contribute to raising operational risk awareness and culture throughout the Bank and the business lines and provide guidelines to business units in enabling them to identify risks and develop necessary controls and processes to manage those risks.
• Preserve database of business processes, risks, controls, mitigation measures and historical losses (internal/external) on a Bank-wide basis.
• Promotes in the design, implementation, evaluation and reporting of:
- Key Performance Indicators (KPIs) and tolerance levels.
- Risk Control Self Assessment Process.
- Control Incident and Operational Loss Collation Processes.
• Assist in designing, implementing, assessing and enhancing of operational risk systems.
• Accomplish operational risk assessment review of new products, new or changed activities, processes and systems under the direction/guidance of Head of Risk Management.
• Review, analyze, enhance and update policies, procedures and processes for managing IT Security and operational risk in all of the bank’s material products, activities, processes and systems.
• Maintains abreast with developments in the market, regulatory environment for operational risk management in banking and financial services industries (Basel committee, FSA, BBA, etc.)

It would be great if any of the members here, who might have faced similar problems could give me some advice in this regard

Thanking you in advance for your kind response.

Hi Guys,

I am facing a similar problem. I worked as an associate manager in the governance, risk and control department in SCB pakistan and can't find a NOC for my job. Can someone please please help? How did you guys solve this problem? My bank is not willing to tweak the duties in the reference letter to match the NOC and neither is my supervisor ready to change the duties. Please help guys this is urgent. Would really appreciate your help.