• Application Deadline: Tue, 13 Jun 2023 00:00:00 GMT
• Position: Head, Operational Risk Management


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

JOB PURPOSE

Responsible for supporting the bank in identifying, mitigating and managing areas of risk which might arise from inadequate or failed internal processes, people and systems, or from external events. He/she closely monitors operational risk metrics, regularly assesses key risk areas, partners with business units on a variety of operational risk management projects, and reports directly to both country and group management.

KEY RESPONSIBILITY

• Provide key support of the Bank’s Operational Risk Management strategy, culture and framework.


• Support the development of a proactive operational risk Management culture and overall risk awareness.


• Promote the adoption of best practices and accountability in control management within the functional business units across the Bank.


• Facilitate the deployment and maintenance of Risk Control Self- Assessment, Key Risk Indicators, Loss Database Management and other key operational risk initiatives, to ensure adequacy of controls in the Bank and effectiveness.


• Identify, manage, strengthen and alert management on all key residual risks and controls and update operational risk and control policies, systems, models, procedures and tools.


• Build and maintain strong relationships with business management, business support heads and other areas of risk management.


• Act as custodian of the bank’s operational and control policies and procedured in line with internal and external developments, and ensure bank-wide awareness and adherence to procedures. 


• Work closely with internal audit, compliance and other key control functions to facilitate an integrated risk and control environment. 


• Identify and provide leadership to operational risk coordinators at department, functions and branch levels to maintain high and consistent Risk culture across the Bank. 


• Enhance the operational risk framework ; continuously improve and enhance the ORM framework and adapt to changing requirements, to sustain a proactive operational risk culture and overall risk awareness across the bank.

Design capital measurement methodology for operational risk; collaborate with risk strategy and capital planning function to design appropriate capital measurement methodology for operational risk.

JOB PROFILE

Technical/ Industry Specific

• Expert knowledge of key operational risk management tools, processes and best practices;


• Minimum of 10 years work experience with the last five years in Operational Risk Management role in banking;


• Good knowledge of Basel 2 and ERM framework;


• Demonstrate ability in quantitative analysis and due diligence reviews;


• Ability to translate bank’s activities and operational process into control requirements;


• Project management experience including business/process analysis, documenting gaps and making improvement recommendations;

 Managerial

• Collaborative partner - Ability to interact with all functions and levels including senior management to achieve strategic objectives. 


• Ability to coordinate the efforts of a team to deliver results

Who are we looking for?

Education

• Minimum of Bachelor’s Degree in any discipline


• Relevant certification will be an added advantage, Recognized professional certification such as CFA, CIS, ACCA, ACA, etc

Personal Attributes

• Strong interpersonal skills;


• A self-starter who work well both independently as well as collaboratively;


• Demonstrated leadership and facilitation skills;


• Excellent oral and written communication skills; 


• Ability to prioritize workload and meet deadlines 


• Good interpersonal skills