JOB OBJECTIVES
RISK MONITORING – RISK IDENTIFICATION & ASSESSMENT
We are seeking a skilled professional to oversee operational risk monitoring, focusing on the identification and assessment of potential risks. The ideal candidate will conduct thorough evaluations of operational processes to detect vulnerabilities and emerging threats. Responsibilities include analyzing risk exposures, implementing robust monitoring frameworks, and ensuring compliance with regulatory standards. Additionally, the role requires developing mitigation strategies to address identified risks and reporting findings to senior management. Strong analytical skills, attention to detail, and proficiency in risk assessment methodologies are essential for success in this position.
To oversee the Control Self-Assessment (ROSA) initiatives of the Bank in alignment with the established annual work plan, identifying inherent risks across products, processes, services, and systems while evaluating the efficacy of current controls and control environments, pinpointing deficiencies, and supporting the implementation of new controls to address ineffective or inadequate existing measures.
Develop and oversee a comprehensive database to systematically track and manage risk mitigation strategies and corrective actions for the Bank.
The position involves monitoring and documenting unresolved items within the Risk Mitigating Action Plan, ensuring comprehensive tracking and timely reporting of outstanding actions. Responsibilities include maintaining accurate records of risk mitigation efforts, identifying gaps or delays in execution, and providing clear updates to stakeholders to support informed decision-making.
Develop and sustain a comprehensive library of Business Environment Internal Control Factors (Beings), ensuring its ongoing relevance and accuracy.
Operational risk measurement and management involves identifying, evaluating, and mitigating risks that could disrupt business operations. This role requires a strong understanding of risk frameworks, regulatory compliance, and quantitative analysis techniques. Key responsibilities include developing risk models, monitoring risk exposures, and implementing controls to minimize potential losses. Candidates should possess expertise in risk assessment methodologies, proficiency in risk management software, and the ability to communicate findings effectively to stakeholders. Additionally, experience in financial services or related industries is highly desirable.
Monitor the Bank’s risk profile by analyzing Key Risk Indicators (Kris), ensuring any deviations from established risk appetite or tolerance levels are promptly identified. Upon detection, escalate these findings to the appropriate stakeholders to facilitate timely intervention and mitigation.
Compile and oversee a comprehensive risk register for the Bank, ensuring its accuracy, completeness, and alignment with established risk management frameworks.
We compile and submit comprehensive loss reports to regulatory bodies and internal stakeholders, ensuring adherence to established timelines and accuracy standards. This role involves gathering detailed incident data, analyzing trends, and documenting findings to support risk mitigation strategies. Proficiency in relevant reporting software and strong analytical skills are essential, along with meticulous attention to detail. Collaboration with cross-functional teams is required to verify information and resolve discrepancies efficiently. Additionally, the position demands a thorough understanding of compliance regulations and the ability to communicate complex findings in clear, actionable reports.
Responsible for overseeing and ensuring the integrity and precision of the Bank’s loss databases, this role involves meticulous coordination and maintenance in strict adherence to the Basel II Accord’s requirements and applicable regulatory standards.
Financial institutions must compute operational risk capital to ensure robust risk management frameworks and regulatory compliance. This process entails quantifying potential losses arising from inadequate or failed internal processes, human errors, system failures, or external events. Institutions evaluate these risks using methodologies such as the Basic Indicator Approach, Standardized Approach, or Advanced Measurement Approaches, depending on their risk profile and regulatory requirements. Accurate capital calculation supports financial stability, enhances decision-making, and aligns with Basel III and other global regulatory standards.
Loss Reporting training interventions encompass a structured program designed to educate employees on accurately documenting and reporting financial losses, ensuring compliance with organizational policies and regulatory standards. Participants will acquire essential skills in identifying loss events, recording pertinent details, and escalating issues appropriately. The training emphasizes the importance of timely and precise loss reporting mitigating risks and support informed decision-making. Attendees will also learn to analyze loss trends, interpret data, and apply best practices to prevent future occurrences. Completion of this program equips individuals with the knowledge to uphold accountability and transparency in financial oversight.
Develops policies, frameworks, and guidelines to establish structured operational standards. Designs and implements frameworks that align with organizational objectives and regulatory requirements. Collaborates with stakeholders to ensure policies are practical, enforceable, and consistently applied across departments. Conducts research to identify best practices and emerging trends, integrating them into policy revisions. Monitors compliance and evaluates the effectiveness of frameworks through audits and performance metrics. Provides training and support to ensure teams understand and adhere to established policies. Maintains documentation of policies and ensures accessibility for all relevant parties.
To uphold established guidelines and benchmarks that synchronize diverse operations, workflows, systems, and initiatives toward fulfilling the Bank’s defined goals and objectives in a productive and streamlined manner.
Conduct comprehensive bank-wide Policy reviews in accordance with the established timelines.
The Drive Policy Appreciation Program (PAP) is designed to ensure all employees fully understand and align with the Bank’s policy framework.
Business Continuity Management, Crisis Management, and Incident Reporting & Management professionals play a pivotal role in safeguarding organizational resilience by ensuring operational stability during disruptions. These roles involve developing, implementing, and maintaining frameworks to mitigate risks, respond effectively to crises, and restore critical functions with minimal downtime. Responsibilities include conducting risk assessments, creating contingency plans, coordinating emergency responses, and ensuring compliance with regulatory standards. Additionally, these professionals oversee incident reporting procedures, analyze response effectiveness, and recommend continuous improvements to enhance preparedness and recovery capabilities. Strong analytical skills, strategic planning expertise, and the ability to lead cross-functional teams under pressure are essential for success in these positions.
The development and implementation of business continuity plans for each work area and business function will be overseen, along with the annual testing process for all business units.
Develop and oversee business continuity management strategies and maintain associated documentation.
Develop and enhance awareness regarding incident reporting procedures while conducting regular trend analyses for management review.
JOB REQUIREMENTS
Holders of a first degree in Business-related disciplines, such as an MBA, MSC, MA, ML, or equivalent Professional Qualifications, are required.
1 to 3 years of professional experience within the banking sector is required for this position.
Qualifications
BA/BSc/HND , MBA/MSc/MA
Experience Required
1 - 3 years
