Manager Operational Risk Job Placement – Stanbic Bank
Job Title: Manager Operational Risk
Organisation: Stanbic Bank
Duty Station: Kampala, Uganda
Job ID: 26202
About US:
Stanbic Bank Uganda Limited is a subsidiary of Stanbic Africa Holdings Limited which is in turn owned by Standard Bank Group Limited (“the Group”), Africa’s leading banking and financial services group. The Standard Bank Group is the leading banking group focused on emerging markets. It is the largest African banking group ranked by assets and earnings. Stanbic Bank Uganda Limited is the largest bank in Uganda by assets and market capitalization. It offers a full range of banking services through two business units; Personal and Business Banking (PBB), and Corporate and Investment Banking (CIB).
Job Summary: The Manager Operational Risk will execute the operational risk management processes, tools and systems as a key enabler to achieving the business objectives of the organisation for the relevant business units.
Key Duties and Responsibilities:
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- The jobholder will also facilitate the alignment of the operational risk management process with Group Policies and appropriate regulatory framework;
- Encourage a high level of awareness of operational risk in the business;
- Facilitate RCSA’s and KRI’s workshops and ensure that the tools are effectively utilised by the Business for proactive risk
- Assist in the analysis of information and reports to establish trends and consider initiatives to reduce risk;
- Identify major risks affecting the business and take necessary steps to measure, monitor and control the exposure accordingly
- Keenly review and evaluate internal controls and submit appropriate recommendations for any changes and/or enhancements;
- Participate in developing strategies to identify measure, monitor and control operational risk and provide independent oversight over the operational risk management framework.
- Ensure that the operational risk framework and operational risk policies are effectively implemented, and that all staff are aware of Operational Risk policies and procedures
- Communicate the operational risk framework, standards and other risk principles effectively to the business i.e. Risk and Control Self Assessments (RCSA’s), Key Risk Indicators (KRI’s), Business Continuity Management (BCM), Information Risk, IT Risk
- The incumbent will also identify major risks affecting the business units and branches and take necessary steps to measure, monitor and control these risks.
- Provide the necessary guidance and training to ensure compliance with the operational risk framework and methodologies.
- Assist management in the analysis of information and reports to establish trends and consider initiatives to reduce risk. Reviewing trends reported to ensure effectiveness and adequacy of controls and to ensure their alignment to the set operational risk appetite as set by management.
- Ensure compliance with any applicable regulatory operational risk management requirements.
- Ensure that adequate controls are in place to prevent regulatory breaches, regulatory fines and reputational risk to the bank.
- Ensure compliance to Regulation 40(4) of the South African Reserve Bank and Basel II requirements as appropriate.
- Ensure an effective internal control environment, as measured by satisfactory audit/risk assurance ratings, external audit ratings, bank of Uganda onsite review ratings and ensure Zero tolerance to outstanding review Issues.
- Ensure a thorough understanding through regular up skilling of the various operational risk management tools, including; risk register (RR), risk control self assessments (RCSA’s), Key risk Indicators (KRI’s), Investigation and report writing skills and appropriate make use of the tools to effectively implement the bank’s operational risk management framework.
- Ensure the effective implementation of the bank’s approved Information Risk Management (IRM) framework, with a focus on information quality, confidentiality, misuse, abuse, access, archiving and retrieval processes.
- Effective management of external risks, through proactive identification, assessment and mitigation of risks beyond the bank’s scope and ensure that Business Continuity Management (BCM) plans, processes and procedures are up-to-date and followed as per agreed schedules and new group-wide methodology BCM is implemented.
- Ensure that Insurance cover as last resort control is effective in management operational risks
- Ensure that the bank’s outsourcing risks are adequately managed
- To participate in Country business processes, initiatives, forums, committee, etc. to ensure that operational risk requirements are appropriately considered, executed and reported e.g. Risk and Compliance Committee, loss management programs, procurement,
- The incumbent will escalate breaches and incidents as per the appropriate escalation processes, including appropriate participation in the remedial actions
- Encourage and facilitate a high level of awareness of operational risk in SBU
Qualifications, Skills and Experience:
- The ideal candidate for the Stanbic Bank Manager Operational Risk job opportunity should hold a business degree from a recognized University.
- Possession of a risk management / audit qualification will be an advantage
- At least three to four years of banking experience with working knowledge of Bank’s systems and procedures
- Extensive knowledge and understanding of the banking operations environment.
- Good analytical skills.
- An all-round knowledge base of how the different units within the Bank function.
- A good working knowledge of the various systems used in the Bank and the linkages.
- A good understanding of the business; products, channels, network, customer segmentation, competitive environment.
- Broad knowledge and understanding of the interrelationships between the bank and its key stakeholders; Staff, regulators and regulatory environment, shareholders,
- Computer literacy i.e. proficiency in Excel.
- Excellent verbal and written communication skills.
How to Apply:
All candidates who wish to join the one of Africa’s biggest Banking Groups, Standard Bank in the aforementioned capacity are encouraged to Apply Online by visiting Link below.
Deadline: 30th August 2017
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