United Bank for Africa (Z) Ltd
Position: Operational Risk Officer
Division: Risk Management
Department: Risk Management
Reporting Relationships:
Functionally reports to the Country Chief Risk Officer
Administratively reports to the Country Chief Risk Officer
Supervises:
None
Job Duties & Responsibilities:
- Develop structures/framework for the population of losses/loss events
- Establishment of structures for the risk-based grading of Branches, SBUs and SRFs which shall inform the deployment of resources, frequency of audit visits, and the deployment of internal control personnel and determination of manning levels
- Develop a timetable for the administration of control and risk self-assessment questionnaire to the processes owners for the monitoring of compliance with the established controls and policies
- Presentation of risk based reports on various products, processes, activities, systems and external events to management
- Coordination of operational risk management activities in the Bank to ensure that the Bank achieves its objectives of meeting Basel II requirements for internationally active banks
- Develop a structure for the establishment of risk appetite for the Bank, setting of risk tolerance limits and key risk indicators
- Establishment of processes for the validation of processes mapped including the identification, severity assessment, frequency of occurrence and controls documented
- Supervise the activities of operational risk monitoring and reporting team, loss databases management and reporting team, operational risk identification and assessment control, operational risk management coordination- branches
- Coordinates and monitor Market Risk activities in the Bank to ensure that the Bank does not operate at risk or face any loss while performing in Money Market and Financial Instruments
- Develop a timetable for the administration of control and risk self-assessment questionnaire
Key Performance Indicators:
- Timely reporting of losses to management and presentation of monthly report to management
- ĝExternal risk identification/ loss validation and presentation of learning points
- Development of control and risk self-assessment questions
- Quarterly presentation of Key Risk Indicators (KRIS) reports for various products, processes, activities, systems and external events to stakeholders and management
- Risk identification and control in new products, services and processes before such are deployed Bank-wide
- Development of risk and control based procedure and desk manuals for the mapped processes
Skills:
- Professional disposition
- Strategy formulation and business awareness
- Creativity and Innovation
- Resource Management
- Diversity management interrogatory skills
- Fraud detection and control
- Internal audit practice
- Comprehensive Banking Operations (domestic and foreign) skills
Job Requirements & Knowledge:
- Core business processes
- Industry knowledge
- Banking operations
- Business Risk Management
- Credit Analysis
Application requirements:
Minimum of Bachelor’s Degree (MBA, MSc, MA, ML and/or Professional Qualifications compulsory) from a recognized university
Candidate must have 4 – 7 years banking experience; minimum of 6 – 9 years non-banking but related experience
Candidates must have a minimum of 5 credits on their Grade 12 results with Mathematics and English included.
Method of Application
Interested candidates meeting the above requirements must send a copy of their CV, cover letter, professional and academic qualifications in a single document to [email protected] on or before 5th February, 2024.