Nov 23, 2018
Reference #: LAG0006 Location: Lagos Island, Lagos Contract Type: Permanent Job Functions: Management Industries: Banking / Finance & Investment Introduction This jobs exists for:
Keeping senior management informed on an ongoing basis of the quality of operational risks, deficiencies, issues and the status of corrective actions relating to risk mitigation proffered
Providing Management with MIS on the Bank’s risk profile to enable informed decision making
Identifying, quantifying and documenting Operational Risks in new and existing products with a focus of reducing inherent Operational Losses and in compliance with the Requirements of the Basel II Accord and Regulatory Authorities for the calculation of Operational Risk Capital Charge – by Best Practice Banks
Coordinating and maintaining accurate and robust loss databases in the Bank in compliance with the Requirements of Basel II Accord and meet Regulatory standards for Operational Risk Capital Calculation by Financial Institutions
Developing for implementation appropriate policies, procedures, systems and controls that will drive the reduction of losses and loss events in the Bank thereby increase the profits
Coordinating the implementation of Continuity of Business in UBA Group
Key Responsibilities Governance / Compliance:
Minimize financial losses due to penalties for regulatory breaches and infractions.
Composite Risk Management Rating for each country regulator.
Number of years of complete and accurate operational loss data maintained in the Corporate Loss Database (AMA method)
Risk assessment and treatment procedure result based on BCMS ISO 22301-2012 requirements
Implementation of RCSA/KRIs. Ensure development/update and deployment of RCSA/KRIs Templates as planned
Audit Rating. Internal Audit Rating.
Losses & Loss Events:
Facilitate timely and accurate population of loss database by business function.
Proper classification of losses and loss events as per Basel II Accord specifications
Analysis and maintenance of Business Environment & Internal Control Functions (BEICF) database from such sources as Audit exceptions, System Downtime report, Disciplinary Committee
Monitoring and Reporting on emerging risks and high risk exposures from the losses and loss events, Investigation /Audit/Legal/Customer Service/Disciplinary Committee reports
Identify emerging/key risks from loss database based on frequency, impact and control environment and proffering controls/mitigants to be put in place to forestall recurrence of Operational Losses in the Bank
Customer Service:
Measurement of Customer Satisfaction Index
Operational Risk Management Awareness:
Review of business environment and internal control factors
Identification of trends & Emerging issues from Audit Reports.
Business Environment & Internal Control Factors:
Review of business function internal control and internal audit reports
Analysis of issues to identify emerging trend
BVN enquiry/resolution management:
Provide support for customers enquires on multiple BVN enrolment
Maintenance of BVN exception database
Maintenance of BVN watch-listed/blacklisted database
Staff Skill enhancement/Management:
Ensure regular dissemination of awareness on process failures
Control voluntary Attrition rate.
Requirements Educational Requirements:
First degree in any field
Master’s Degree or a professional qualification will be an advantage
In depth knowledge of operational risk requirements pertaining to risk mitigation
Experience:
Minimum of 9 – 11 years banking experience and business continuity; minimum of 11 – 13 non-banking but related experience.
General:
Knowledge of banking operations
Deep knowledge of the bank’s products, services and processes
Familiarity with the current regulatory environment on BCP for financial services industry
Deep knowledge of Basel II Accord.
Salary N10,000.00 – 1,000,000.00 Annually.
Apply via :
https://www.myjobmag.com/job/110194/head-operational-risk-management-united-bank-for-africa-uba