Job Title: Enterprise Risk Management (ERM) - Risk
Officer
Grade / Level:C12/13
Reporting to: Enterprise Risk
Management East Africa Cluster Head
Location: Kenya
Job DescriptionJob Purpose: The ERM Risk Officer will report directly into the ERM East Africa cluster Head and will be responsible for assisting the Divisional Head conduct the relevant Governance meetings, execution of the Control Framework and the provision of Control Advisory Support.
Job Background / Context: Enterprise Risk Management (ERM) is a newly formed organization comprised of a few hundred employees globally. ERM was created to proactively assist the businesses, O&T, and the independent control groups in enhancing the effectiveness of controls and managing operational risks across products, business lines and regions.
Key Responsibilities:
- Conduct
BRCC (Business Risk, Compliance, and Control Committee) as per governance
policy guidelines
- Identify
emerging risks for the Franchise.
- Administer
the RCSA process until such time as it is replaced with the Manager’s
Control Assessment (MCA) process.
- Facilitate
the MCAs for the most material entities in the Country. Oversee the
facilitation of the MCAs for all other entities in the region. Track
the MCAs, corrective action plans, and other required follow-up through
the Catalyst system.
- Coordinate
the implementation and review of Key Risk Indicators across all businesses
and functions as per the regional guidelines.
- Assist
the Cluster Head with the implementation of the Fraud Management Programme
in East Africa
- Conduct
Infrastructure Risk Reviews to assess control environments, identify vulnerabilities,
develop solutions and oversee implementation of enhancements.
- Track
open issues / corrective action plans and independently validate issue
closures.
- Partner
with controls design specialists to oversee implementation of Points of
Control standards.
- Work
with Operational Risk Management and business management to remediate
inconsistencies as required.
- Provide
specific country insights as required.
- Partner
with relevant business and control groups to ensure their ‘best practices’
conform to country's operating standards and/or regulatory
requirements. Provide input into Compliance Control Matrix in
this regard.
- Coordinate
with the cluster / region in providing information on control environment
and implement control related initiatives initiated at region and cluster
level
- Monitor
changes in the environment, in our strategy and in our operational and
technology capabilities proactively and oversee appropriate modifications
to the control environment that arise from those changes.
- Work
with ORM to determine and resource key areas that require focus.
- Assist
local management with country Prioritization / re optimisation projects.
- Travel
to the countries on a periodic basis.
Person Specification
Knowledge/Experience:
Knowledge/Experience:
- Familiarity
with consumer, corporate and investment banking
- Strong
experience in operational / product control.
- Minimum
7 years industry experience with a background in Risk, Compliance or
Controls, preferably gained in an international financial institution.
- A
thorough knowledge of multiple control environments.
Skills:
- Strong
interpersonal skills
- Strong
written and oral communication skills
- Strong
Analytical abilities
- Significant
attention to detail
- Strategic
and goal-oriented focus
- Unwavering
commitment to co-operative and collaborative working
Qualifications:
- College/university
education preferred, but an exceptional working track record will be
deemed more important.
- Exceptional
candidates who do not meet these criteria may be considered for the role
provided they have the necessary skills and experience
Competencies:
- In
depth knowledge of Risks, Controls and processes in Financial industry
- The
successful candidates will need to show that they are unafraid to take
responsibility in a greenfield post with extremely high exposure and expectations
- The
candidates must be able to work effectively with local contemporaries and
peers in other clusters and regions to maintain a collaborative culture
Deadline of application is 5th July 2012 before 5:00 PM.
Email: therecexpert@gmail.com
Email: therecexpert@gmail.com