Operational Risk Officer 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