Operational Risk Manager at Sidian Bank

JOB PURPOSE

Responsible for the implementation of risk and compliance frameworks, take charge of risk identification, assessment and mitigation strategies. Ensuring these aspects are embedded into the operations of the Bank in consultation with the Head, Enterprise Risk Management. Performing independent reviews on compliance with the bank’s laid policies and procedures, assess adequacy of risk management controls, observance of regulatory requirements and highlight exceptions or violations.

KEY RESPONSIBILITIES AND ACTIVITIES

• Planning, scheduling, and conducting Risk and Control Self-Assessment (RCSA) for business and support functions, products, and projects.
• Develop and maintain risk registers for risk entities, ensuring that ownership, action plans are clear, and the progress of action plans is being made in accordance with the remediation plan.
• Review new products/processes/geographies in line with the New Products Approval Process Policy.
• Plan and conduct New Process/Product/Geographies Post Implementation Reviews (PIRs).
• Sustain risk momentum through Risk dialogues and reporting within the business units.
• Develop control standards and control self-assessment to mitigate the identified risks for use by the Business units.
•  Maintain and monitor an Operational Loss Database to monitor operational losses and their respective root causes.
• Create senior management reports and summaries presenting metrics and dashboards to highlight key operational risk issues, trends, and potential impacts. Ensure reports adhere to the requirements of the operational risk policy. 
• Coordinate periodic bank-wide policy review exercises and ensure all reviewed policies and procedures are maintained on the bank’s SharePoint.
• Implement and embed the Operational Risk Policy and Framework and processes for defining, assessing, measuring, monitoring and reporting operational risks for the various business and support areas in consultation with supervisor.
• Actively collaborate with the “first line of defense” (business areas) e.g., for risk identification and analysis, to create risk metrics and in designing mitigation solutions. In addition, define “key” risk metrics for operational risk within the Business and Support functions and escalate any KRI breaches
•  Identify changes in business strategy, market conditions, industry trends, regulatory environment, country macro-economic factors, etc. that may impact operational risk management within the Bank and advise senior management.
• Establish a comprehensive and continuous training program on various risks that the bank faces so as to embed knowledge of policies and procedures and a robust risk culture across the business.
• Engage Risk Champions on emerging risks, long-standing risk issues, and RCSA review needs.

KNOWLEDGE, SKILLS & EXPERIENCE

Academic

• Bachelor’s Degree in a business-related field from a recognized University.
• A master’s degree in a business-related field is an added advantage.

Professional

• A Professional risk management certification. 
• CPA(K), ACCA qualifications are an added advantage

Desired Work Experience

• At least 6 years’ experience in the banking sector
• At least 4 years in an enterprise risk environment and execution in operational risk
• Excellent communication and project management skills
• Strong leadership skills with demonstrated competencies in stakeholder management.
• Sound knowledge of bank operations & prudential risk management regulations
• Proficient in Excel 
• Good Organizing and planning skills
• Highly effective communicator with excellent interpersonal and motivational skills.