Senior
Manager - Operational Risk
Description
Equity Bank is one of the region’s leading banks whose
purpose is to transform the lives and livelihoods of the people of Africa
socially and economically by availing them modern and inclusive financial
services that maximize their opportunities. With a strong footprint in Kenya,
Uganda, Tanzania, Rwanda, South Sudan and DRC Congo, Equity Bank is now home to
over 12 million customers – the largest customer base in Africa. Currently the
Bank is seeking additional talent to serve in the position of Senior Manager
Operational Risk as outlined below.
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Job Purpose:
Responsible
for supporting implementation of the Group Operational Risk Framework (ORMF)
and Operational Risk strategy across the Equity Group. The specific
responsibilities include but not limited to:
- Developing an independent view regarding business units and
support functions’ identified material operational risks, design and
effectiveness of key controls, and risk tolerance:
- Ensure that operational risks are properly assessed, risk/return
and control cost/benefit decisions are made transparently based on this
proper assessment and are controlled in accordance with the Group’s
risk appetite.
- Proactively conduct Second Line of Defense operational risk
assessments to evaluate inherent risks, associated controls and
residual risks of changes to products, services, processes and systems.
- Provide balanced and informed assessment of operational risks
arising from acquisitions and major change initiatives or Bank/Group
projects.
- Recommend changes to the control environment or to business
practice where necessary to reduce the level of operational risk
exposure to within the Group’s risk appetite.
- Challenging the relevance and consistency of the business units
and support functions’ implementation of the operational risk management
tools, measurement activities and reporting systems:
- Provide oversight over the Risk and Control Self-Assessments
conducted by the First Line of Defense. In addition, challenge the
completeness of risk identification and control activities, and
accuracy of inherent and residual risk ratings across Operational Risk
Control Areas within the business units and support functions. Address
any significant gaps identified.
- Ensure meaningful Key Risk Indicators (KRIs) are defined and
maintained.
- Provide oversight over Risk Events management to ensure timely
and complete documentation and escalation of Risk Events. In addition,
ensure root cause analysis is completed for significant risk events and
control activities/enhancements are identified to prevent future
occurrences.
- Support issue management across business units and support
functions by promoting clear tracking and visibility of issues through
to closure.
- Partner with relevant stakeholders in Scenario Analysis to
identify sources of significant operational risk and need for
additional risk management controls or mitigation solutions.
- Act as point of expertise for Operational risk, challenging
business units and support functions on emerging and key risk trends.
- Maintain oversight and monitoring of the operational risk
management system and the quality of the data therein
- Developing and maintaining operational risk management and
measurement policies, standards and procedures:
- Design, maintain and effectively communicate operational risk
policies, standards and procedures while balancing regulatory
requirements and customer experiences to maintain the Group’s risk
profile within the overall risk appetite.
- Ensure the ORMF, operational risk policies, standards and
procedures are effectively embedded across the Group.
- Reviewing and contributing to the monitoring and reporting of the
operational risk profile:
- Perform both qualitative and quantitative monitoring and
reporting of the Group’s exposure to all types of operational risk,
including trend analysis of risk profiles and review of the limits of
operational risk regulatory and economic capital. Proactively identify
and escalate any operational risks and issues above risk appetite.
- Compile operational risk reports, dashboards and metrics for
Executive Management and Board reporting.
- Designing and providing operational risk training and instilling
risk awareness:
- Promote positive risk culture across the Group by contributing
to the development of training materials and delivering training
sessions on operational risk for staff.
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Qualification
Essential
- A bachelor’s degree in a relevant field.
Desirable
- A master’s degree in business related field
- A risk management certification such – ORM (PRMIA);
or PRM (PRMIA); or CORM (IRM) or FRM (GARP) among others.
- IT Risk related certification such as CRISC desired
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Work Experience & Skills
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Essential
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Desirable
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- Operational risk
management experience of over ten years within Banking or Financial
Services industry.
- Ability to
understand the business and its operating environment, and inherent risk
profile and use this knowledge to proactively identify risks and ensure
the business designs sustainable controls.
- Understanding of
the BASEL approach to the management of operational risk and best
practice operational risk management techniques across the Financial
Services industry.
- Experience in
operational risk framework and policy implementation including
documenting relevant operational risk frameworks and policies.
- Strong analytical
ability to synthesise large amounts of data, critical thinking, and
attention to details to identify operational risks and make recommendations
related to business strategy, plans, products and services.
- Ability to work and
influence successfully in a matrix organisation and leveraging resources
across the organisation to complete deliverables.
- Agility to manage
competing priorities to achieve the most effective result in a
fast-paced, results driven environment.
- The sound judgement
and courage necessary to perform a control role, build and maintain
effective business partnerships.
- Ability to prepare
insightful, concise, and relevant risk reports and presentations at
Executive Management and Board levels.
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- Experience with
design and implementation of Governance, Risk and Compliance systems.
- Knowledge and
understanding of change management and project management methodologies.
- Risk Analytics or
Data Analytics knowledge.
- Experience in BASEL
III capital computation.
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How to Apply
CLICK HERE TO
APPLY
Closing Date
Jan
24, 2023
