Main duties

• Liaise with Business Units and assist in the implementation of action plans as approved by various risk committees/forums of the bank
• Work with Business units to improve efficiency and effectiveness of Key Controls to ensure that Operational Risk is kept within the risk appetite of the bank;
• Perform control testing activities, as a continuous process, to evaluate the design and operating effectiveness of key controls, including the robustness of risk management processes;
• Identify and assess risks (including top and emerging) across the bank, and factor the emergence of new risks into the control testing plan accordingly.
• To assist the bank in contingency planning and execution.
• Compute the Capital Adequacy Ratio (CAR) for onward reporting to the relevant risk committee;
• Carry – out periodic CAR related stress tests;
• Implement the stress testing framework;
• Monitor the Risk Weighted assets (RWA) to ensure capital optimization;
• Assist in the preparation of the annual ICAAP report;
• Preparation of RBS reports and ALCO related reports;
• Perform root cause analysis on Operational Risk (OR)incidents;
• Assist in the development, compilation and review of Risk Registers;
• Assist in the preparation of various risk-related reports and other regulatory reports;
• Analyze and interpret operational risk trends and predictors;
• Pro-actively monitor various risk indicators:
• Act as a Facilitator/Coach in the training of Operational Risk Business Coordinators (ORBC);
• Assist in the review of the bank’s policies as and when received;
• Conduct presentations at various risk committees of the bank;
• Follow-up on issues raised by inspectors;
• Assist in Policy/Procedure/Process reviews and drafting;
• Provide training on risk related matters including fraud prevention policy as and when required;
• Cultivate awareness and keep updated on emerging risks for the bank in the banking industry both locally and internationally.

Prerequisites

• Degree in Accounting, Banking, Risk Management, Finance, Mathematics, from a recognized institution OR an alternative qualification from a recognized university in a field of study relevant to the scope of work, acceptable to the Bank
• At least 5 years of banking experience in risk management, internal controls/audit, or a related field, preferably within the financial services industry.
• Knowledge of Risk Frameworks: Familiarity with Basel, COSO, and other regulatory frameworks governing risk management.
• Well versed banking practices and applicable regulatory guidelines.

Skills

• Good verbal, written communication, reporting and analytical skills
• Proficient in Microsoft Office tools with an intermediate command of Microsoft Excel;
• Show resilience and be able to work under pressure within set deliverables; and
• Ability to maintain high degree of honesty, integrity and confidentiality.