Assistant Manager, Operational Risk at I&M Bank

Purpose:

The job holder will be  responsible for implementation of Risk and Compliance frameworks, risk identification, assessment, and mitigation strategies. Ensuring these aspects are embedded into the operations of the Bank in consultation with the Manager, Enterprise risk. Performing independent reviews/ control testing on compliance with the bank’s laid policies and procedures, assessing adequacy of risk management controls, observance of regulatory requirements and highlighting exceptions or violence

Primary Responsibilities.

The incumbent will report to Manager-Enterprise Risk  and will be responsible for:

• Coordinating Risk & Control Self-Assessment (RCSA) framework across the various Business and Support units in liaison with the Manager Enterprise Risk.
• Annually reviewing of operational risk policies and procedures in liaison with the Manager, Enterprise risk.
• Assisting in developing compliance checklists and conducting compliance checks in Business units as per the checklist developed.
• Assisting in developing Control testing checklists and conducting control tests in Business units as per control Testing procedure.
• Identifying compliance gaps, debriefing the business units, and agreeing on action plans to close the gap.
• Periodically test controls in the relevant units to ensure that policies and procedures are effectively implemented in the Functional/Business Units and updating risk registers appropriately.
• Maintaining of Risk, Control, and KRI Library.
• Assisting in identifying all statutory and regulatory reports and following up with the units responsible for these reports to ensure the reports are sent on time;
• Confirming on a sample basis the accuracy of the returns sent to the various recipients annually;
• Reviewing Key Risk Indicators (KRI) received from various departments from across the bank and analyzing them to ensure they are within approved tolerance limits and reporting any exceptions to the Manager, Enterprise risk. for following up and action planning with the affected units;
• Performing Risk and Controls self-assessments (RCSA) checks as assigned by the Manager, Enterprise risk from time to time;
• Assisting with the coordination of loss data collection and reporting and analysis of loss/incidents data and making recommendations on areas that require control improvement
• Participating in the training and sensitization of the Staff on Operational risk management Framework across the various business units.
• Coordinating and Participating in the Unit Operational risk and Compliance committees for business units across the bank in liaison with the Manager Enterprise Risk.
• Assisting in following up for closure/management of Key Risk matters arising from the Control Testing and Risk Control Self-Assessment exercise across the Bank;
• Reviewing all Internal & External Audit reports to extract relevant risk & control information for use in reporting and remediation and monitoring resolution of all associated Internal Audit recommendations post audit issues.
• Assisting in follow up, tracking, analyzing, and reporting risk incidences across the business units to identify root causes and implementing with respective units’ comprehensive measures to close loopholes.
• Assisting to proactively engage the Risk Champions to monitor & report the risks, to ensure that a comprehensive and continuous risk identification process is in place
• Assisting in the development of monthly risk reports for senior management meetings.
• Assisting Business units to implement BCM framework for the bank.

Requirements:

• Bachelor’s degree in a Business-related field from a recognized institution.
• At least 3 years’ relevant experience in banking in a Banking environment, with sound exposure to Branch Banking Operations, Alternate Banking Channels and Treasury Back office
• Sound IT knowledge will be an added advantage
• Part completion of CPA (K), CIA, CSIA, FRM, GARP, PRMIA or CFA Certification

Skills and Attributes.

• Excellent communication and interpersonal skills;
• Ability to establish priorities, plan, coordinate and monitor own work plan
• Strong negotiation skills; and
• Good understanding of relevant regulatory requirements, CBK Prudential and Risk Management guidelines