Job Purpose :
The overall responsibility for establishing and maintaining a bank-wide Operational Risk Management Framework in line with the principles of sound management of Operational Risk based on Basle II requirements. This broadly covers the establishment of Risk Self Assessment across all businesses, timely reporting/ investigation of Ops losses, the establishment of Heat maps/ KRIs including Operational Risk Assessment Procedures for new products/ initiatives. With respect to Fraud risk management ensuring adequate fraud monitoring is in place to prevent/ mitigate the incidence of both Internal & External Frauds. Also to carry out fraud investigations with a view to enhancing controls and provide management detail investigation reports.
Identify risks to which the bank is exposed, conducting root cause analysis on control failures with a view to providing businesses enhancing procedures to prevent/ mitigate Operational losses.
Lead the review of business processes in the assigned business units; examine documentation and workflow where required by internal policies or external agencies.
Identify key problem drivers, and reinforce operational procedures with appropriate internal controls.
Track outstanding action plans that were identified to mitigate risk and escalate as necessary to the appropriate level if target dates for these action plans are overshot.
Qualifications: BachelorMajor in Banking, Finance or Accounting
Certification in Risk Management (CIRM or MIRM) or Post Graduate qualification in Risk Management.
Certification in Risk Management (CIRM or MIRM) or Post Graduate qualification in Risk Management
Professional Qualification (e.g.: CA, ACA, CPA)