Dear Dept Heads,
According to KAL Operational Risk Management framework, we normally update the "Operational Risk Coordinators" as a representatives of each department in an annually basis in order reach out and create risk awareness to all staff.
As well as KAL has changed the Organisation structure, we therefore would like each department to appoint an Operational Risk Coordinator and notify the Operational Risk team of who is the coordinator for your department. In practice, the coordinator should have sufficient knowledge of the department's processes and has the abilities to communicate the Operational Risk requirements, as will be informed by the Operational Risk department, to the members of his/her department.
The Roles and Responsibilities of the Operational Risk Coordinator may include the followings
Communicate Operational Risk requirements to his/her team
Identify and assess the Operational Risk in the department
Monitor and report the Operational Risk Losses that occur within the Department
Provide the information related to Operational Risk Indicator to the Operational Risk team
As mentioned, some departments have been involved and have the Operational Risk Coordinator already, in which case, can you please confirm whether or not you would like to change the coordinator. For the departments that do not have a coordinator, can you please kindly appoint one. Can you please notify who is your Operational Risk Coordinator to myself (9163) by Friday 18 September 2015.
Please see the below table of last year Operational Risk Coordinators update for your confirmation