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Published: Aug 3, 2022 (8 days ago)

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Job Summary

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JOB PURPOSE: Reporting to the Head of Operational Risk Management, the role holder will implement the effective functioning of Operational Risk Management Assurance Framework (ORMAF) within the businesses by ensuring all areas of the Bank manage operational risk in a proactive, risk based and disciplined manner for sustainable value addition to the Bank and its shareholders.

QUALIFICATIONS, EXPERIENCE and COMPETENCIES REQUIRED:

• Degree level education preferably in a business-related field.

• Possession of a risk management or audit qualification is an added advantage.

• 6 years’ banking experience in banking operations.

• Thorough knowledge and understanding of banking operations, processes, products, and regulatory requirements.

• Ability to deal with problems of high complexity which have a variety of possible solutions – Strong problem-solving abilities.

• Intermediate interpersonal communication skills to explain bank policies and procedures.

• Strong analytical skills; both quantitative and qualitative to independently make decisions of an operational nature.

• Ability to coach staff on operational risk issues, prioritizing, and scheduling / accomplishment of work assignments with minimal supervision.

• Ability to interpret workflows and operational procedures thus detail oriented.

• General knowledge of risks related to businesses and the industry.

• Proficient PC skills with experience in Microsoft Office and Outlook, PowerPoint, and others.

• Planning and organizational skills.

• Thorough knowledge and understanding of banking operations, processes and regulatory requirements.

• Ability to deal with problems of high complexity which have a variety of possible solutions-Strong problem-solving abilities.

• Intermediate interpersonal communication skills to explain bank policies and procedures.

• Strong analytical skills; both quantitative and qualitative to independently make decisions of an operational nature.

• Ability to coach staff on operational risk issues, prioritizing, and scheduling / accomplishment of work assignments with minimal supervision.

• Ability to interpret workflows and operational procedures thus detail oriented.

• General knowledge of risks related to businesses and the industry.

• Excellent communications and engagement skills.

• Strong attention to detail and personal effectiveness.

• Team Player.

• Unafraid to take responsibility, partner with the business whilst retaining independence to provide challenge to the business.


Responsibilities
JOB PURPOSE: Reporting to the Head of Operational Risk Management, the role holder will implement the effective functioning of Operational Risk Management Assurance Framework (ORMAF) within the businesses by ensuring all areas of the Bank manage operational risk in a proactive, risk based and disciplined manner for sustainable value addition to the Bank and its shareholders.

QUALIFICATIONS, EXPERIENCE and COMPETENCIES REQUIRED:

• Degree level education preferably in a business-related field.

• Possession of a risk management or audit qualification is an added advantage.

• 6 years’ banking experience in banking operations.

• Thorough knowledge and understanding of banking operations, processes, products, and regulatory requirements.

• Ability to deal with problems of high complexity which have a variety of possible solutions – Strong problem-solving abilities.

• Intermediate interpersonal communication skills to explain bank policies and procedures.

• Strong analytical skills; both quantitative and qualitative to independently make decisions of an operational nature.

• Ability to coach staff on operational risk issues, prioritizing, and scheduling / accomplishment of work assignments with minimal supervision.

• Ability to interpret workflows and operational procedures thus detail oriented.

• General knowledge of risks related to businesses and the industry.

• Proficient PC skills with experience in Microsoft Office and Outlook, PowerPoint, and others.

• Planning and organizational skills.

• Thorough knowledge and understanding of banking operations, processes and regulatory requirements.

• Ability to deal with problems of high complexity which have a variety of possible solutions-Strong problem-solving abilities.

• Intermediate interpersonal communication skills to explain bank policies and procedures.

• Strong analytical skills; both quantitative and qualitative to independently make decisions of an operational nature.

• Ability to coach staff on operational risk issues, prioritizing, and scheduling / accomplishment of work assignments with minimal supervision.

• Ability to interpret workflows and operational procedures thus detail oriented.

• General knowledge of risks related to businesses and the industry.

• Excellent communications and engagement skills.

• Strong attention to detail and personal effectiveness.

• Team Player.

• Unafraid to take responsibility, partner with the business whilst retaining independence to provide challenge to the business.


• Promote a strong operational risk management and compliance culture among all staff through training and holding workshops.

• Participate in developing strategies to identify, measure, monitor and control operational risk and provide independent oversight over the operational risk management framework.

• Ensure the effective functioning of the ORMAF across all units within the bank by regular review of their operations.

• Drive ownership of operational risk management down to Functional/Business Unit level to ensure timely escalation of significant risks to Mgt & Board RISCO.

• Ensure the integrity of the controls in the business or function and to manage actively the portfolio controls, including Generic, and Business KCSAs.

• Through the Head of Operational Risk Management, advise the Business/Function Heads on operational risk issues. In liaison with the Risk champions at the first line of defence, provide strong governance oversight to ensure that the Business is suitably addressing significant external and internal requirements.

• Follow up and ensure that all Internal/External Audit and BOU inspection findings have been fully resolved and that no repeat findings arise in subsequent audits.

• Conduct periodic risk-based Function/Business Unit/Branch reviews to monitor how effective their risk management practices are and recommend for remedial actions where there are control weaknesses.

• Timely circulation of minutes of Mgt RISCO meeting to all members and follow up on all issues arising from Mgt RISCO meetings and ensure they are actioned within agreed timelines.

• Embed risk assessments in all business units, products/services, projects, activities, new business ventures and support the risk owners in creation/updating of the respective risk registers while ensuring the escalation of significant risks.

• Support the bank’s digital strategy by performing the quality assurance role on bank projects while ensuring any risks/threats to the bank’s technology platforms are proactively identified and advised to the Head of Operational Risk Management or CRO.

• Ensure the bank’s Business Continuity Management procedure is robust.

• Track Operational risk events while keeping a loss data base and sharing lessons learnt to reduce Operational losses.

• Analyze information and reports to establish trends and consider initiatives to reduce risk. Review trends reported to ensure effectiveness and adequacy of controls and their alignment to the bank’s operational risk appetite.


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