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Standard Chartered Bank   |   Nairobi, Kenya   |   Log in or register to see the closing date

Business Operations Risk Mgr Wealth Management

  • Bachelor's degree
  • Manufacturing, operations, quality
  • Manager (team leader)
  • Full Time
  • Permanent
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Job Summary

To succeed in this role we are looking for a Risk Manager to:

Implement and monitor ORF
1. Lead the Responsible Person (RP) resources to implement ORF across the business unit, ensure appropriateness of staff filling the RP roles, execute the first line self assessment model, report on and analyze operational risks profile to BORF and escalations to CORC. Track and follow through management actions to mitigate identified operational risks exposure.
2. Facilitate, embed, deploy and execute key control standards (KCS), key control sample testing(CST) and key risk indicators (KRI) within business unit.
3. Report losses, risk events, policy deviations, CST, KRI AND KCI exception, and engage appropriate stakeholders on timely remedial actions; escalate key risk situations that pose significant risk.
4. Identify new, thematic and developing risks; provide operational risk advice through ORF and ad hoc reviews (Accountability reviews, Lessons Learnt reviews, Process / Control reviews) at the unit level.


Responsibilities


1. Risk Identification

i) Identify and assess E2E gross operational risks
ii) Document accordingly (Risk Profile, Country Addenda, Risk Register etc)
iii)Reporting of exposures for acceptance at the appropriate governance level.

2. Risk Assessment
i) Assess Gross Risk Exposure
ii) Design effective mitigating controls
iii) Implement risk control
iv) Conduct BAU activities with agreed risk controls

3. Risk Acceptance
i) Follow through risk acceptance process to comply with ORF and delegation of authority
ii) Promote approval of acceptance of residual risks above appetite

4. Risk Monitoring
i) Implement systematic monitoring on process control effectiveness
- Monitor key control indicators
- Conduct independent sample testing of controls
ii) Provide MIS as per agreed key controls, and escalate if needed, to appropriate management
iii) Review and monitor MIS, do trend analysis, accept or escalate risks
iv) Design, approve and implement action to mitigate gaps identified

5. Operational Risk Recording / Reporting
i) Capture gross and residual risk exposure identified and OR loss promptly and accurately in EORP in accordance with Group’s Operational Risk Policies and Procedures
ii) Follow through appropriate escalation and approval required


General Information

Salary rangeNot specified
Additional informationNot specified
Contract type: Permanent
Job type: Full Time
Location: Nairobi
Area of work: Manufacturing, operations, quality
Seniority: Manager (team leader)

Job Requirements

Required education: Bachelor's degree
Required relevant work experience: 5 years
Required skills: Reporting; Compliance; Document and archive management; Operative management; Risk analysis; Quality control and supervision; Training program planning
Required languages: English (Spoken: fluent | Written: fluent)

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Standard Chartered Bank

Banking, microfinance, insuranceCompany size: 1000+ people

Standard Chartered Bank is a leading international banking group committed to building a sustainable business over the long-term. It was was established in 1911 with the first branch opened in Mombasa Treasury Square. Today, 101 years later, Standard Chartered Bank is one of the leading Banks in Kenya, with an excellent franchise. It has a total of 33 branches spread across the country, 90 automated teller machines (ATMs) and 1,698 employees.