JOB OBJECTIVES
RISK MONITORING – RISK IDENTIFICATION & ASSESSMENT
This role focuses on proactively detecting, analyzing, and evaluating operational risks within the organization. Key responsibilities include identifying emerging risk exposures, assessing their potential impact, and recommending appropriate mitigation strategies to safeguard business continuity. The position requires a thorough understanding of risk frameworks, strong analytical skills, and the ability to interpret complex data to support informed decision-making. Additionally, the role involves collaborating with cross-functional teams to ensure comprehensive risk coverage and adherence to regulatory obligations while maintaining detailed documentation of assessments for audit and reporting purposes.
Coordinate the Bank’s Control Self-Assessment (ROSA) initiatives in alignment with the approved annual work plan, focusing on the evaluation of inherent risks across products, processes, services, and systems. Assess the effectiveness of existing controls and control environments, identify any deficiencies or gaps, and support the implementation of enhanced or new controls to address failures or weaknesses in the current framework.
Develop and manage a comprehensive database designed to track, organize, and facilitate risk mitigation strategies and corrective actions for the Bank.
The position will involve monitoring and documenting unresolved items within the Risk Mitigating Action Plan, ensuring accurate and timely reporting throughout the process.
Develop and sustain a comprehensive library of Business Environment Internal Control Factors (Beings) to ensure robust governance and compliance standards are met consistently.
Operational risk measurement and management involves identifying, evaluating, and mitigating risks that could disrupt business operations. This role requires a deep understanding of risk frameworks, data analysis, and regulatory compliance to ensure organizational resilience and stability. Professionals in this field analyze potential threats, assess their impact, and develop strategies to minimize exposure. Strong analytical skills, proficiency in risk assessment tools, and the ability to interpret complex data are essential. Additionally, collaboration with stakeholders across departments is necessary to implement effective risk management practices and maintain operational integrity.
Oversee the Bank’s risk profile by tracking fluctuations in Key Risk Indicators (Kris) and promptly escalate any deviations exceeding the Bank’s established risk appetite or tolerance thresholds to the appropriate stakeholders.
Construct, oversee, and update a comprehensive risk register to ensure the Bank maintains a thorough and current overview of all potential risks.
Responsible for documenting and submitting comprehensive reports regarding any incidents resulting in financial or asset losses, ensuring timely and accurate communication with relevant stakeholders and insurance providers. Maintains detailed records of loss events, including cause, impact, and mitigation efforts, while adhering to established policies and regulatory guidelines. Collaborates with cross-functional teams to investigate root causes, implement corrective actions, and prevent future occurrences. Requires strong analytical skills, attention to detail, and proficiency in reporting tools to track and analyze loss trends.
We are responsible for establishing and managing precise, reliable loss databases within the bank, ensuring full adherence to the Basel II Accord requirements while meeting all applicable regulatory standards.
Financial institutions are tasked with assessing and quantifying operational risk capital to ensure robust risk management frameworks. This involves evaluating potential financial losses stemming from inadequate or failed internal processes, human errors, system malfunctions, or external events. The process includes identifying, measuring, and monitoring risks to determine the necessary capital reserves for mitigating adverse impacts. Institutions must adhere to regulatory guidelines and industry best practices to maintain financial stability and compliance with standards such as Basel III. Key responsibilities include developing risk models, conducting scenario analyses, and reporting findings to senior management and regulators. Strong analytical skills, proficiency in risk management tools, and a deep understanding of financial regulations are essential for this role.
Loss Reporting training interventions encompass structured programs designed to educate employees on accurately documenting and reporting financial losses, ensuring compliance with organizational policies and regulatory standards. These interventions aim to enhance employees’ understanding of loss identification, measurement, and escalation procedures, fostering a culture of accountability and transparency. Participants will learn to utilize designated reporting tools and systems, interpret loss-related data, and apply corrective actions to mitigate future risks. The training emphasizes practical application through case studies, simulations, and interactive exercises, reinforcing best practices in loss management.
Develops and refines policies and frameworks to ensure alignment with organizational goals and regulatory requirements. Formulates comprehensive strategies to address key operational, compliance, and governance challenges. Collaborates with stakeholders across departments to gather insights and integrate best practices into established policies. Ensures policies are clearly documented, accessible, and consistently applied throughout the organization. Monitors industry trends and regulatory changes to recommend timely updates and improvements to existing frameworks.
To uphold established principles and standards that synchronize diverse actions, processes, systems, and activities, thereby ensuring the Bank attains its goals and objectives with optimal effectiveness and efficiency.
Conduct comprehensive bank-wide policy reviews in strict adherence to established timelines to ensure compliance and operational efficiency.
We are seeking to implement a Policy Appreciation Program (PAP) designed to ensure all employees remain fully aligned with the Bank’s established policies.
Business Continuity Management (BCM) professionals oversee the development and implementation of strategies to ensure organizational resilience during disruptions, while Crisis Management (CM) specialists coordinate rapid responses to critical incidents. Incident Reporting & Management (IRM) personnel document, analyze, and address operational deviations to mitigate risks and restore normalcy efficiently. This role demands expertise in risk assessment, emergency protocols, and regulatory compliance, with responsibilities spanning crisis planning, team coordination, and post-incident review to enhance preparedness and operational continuity.
Facilitate and oversee the development of comprehensive business continuity plans for each work area and business function, ensuring alignment with organizational objectives. Additionally, coordinate the annual testing process to validate the effectiveness and readiness of these plans across all business units.
Develop and oversee the organization’s business continuity management framework and maintain all related documentation.
Develop and promote understanding of incident reporting protocols while conducting regular trend analysis, presenting findings to management to inform decision-making processes.
We are seeking a highly motivated individual to join our team as a [Job Title]. The ideal candidate must possess a minimum of [X] years of experience in [relevant field/industry], along with a strong background in [specific skills or areas of expertise]. A bachelor’s degree in [specific field] or a related discipline is required, though advanced degrees are preferred. Proficiency in [specific software/tools] and familiarity with [industry standards or methodologies] are essential. Additionally, the candidate should demonstrate excellent problem-solving abilities, strong communication skills, and the capacity to work collaboratively in a fast-paced environment. Responsibilities include [list key responsibilities, e.g., managing projects, analyzing data, leading initiatives], with a focus on delivering measurable results. The ability to adapt to evolving priorities and maintain a high degree of accuracy is crucial.
A bachelor’s degree in a business-related discipline is required, with candidates holding an MBA, M.Sc., MA, ML, or relevant professional qualifications strongly preferred.
Possesses one to three years of practical experience in banking operations.
Qualifications
BA/BSc/HND , MBA/MSc/MA
Experience Required
1 - 3 years
