Head of Operations at Rigo Microfinance Bank Limited

Job Description

• Electronic banking operations.

Key Job Responsibilities/Duties

• Establish and review key operational risk indicators/key control standards and formulate action plans to minimize the Bank’s exposure to fraud and losses.
• Manage the Bank’s operational risk exposure by supporting the Business to identify areas of operational risk exposure and by developing and implementing corrective action.
• Design, develop and keep updated the Banks’ Operations Manual and ensure compliance to all operational guidelines, processes and procedures.
• Responsible for re-engineering business processes to improve customer service, cost-effectiveness and controls.
• Ensure compliance with regulatory requirements relating to Banking Operations.
• Ensure that effective documentation is in place, in the form of user guides and implement operational improvements to reduce operational costs, tighten controls to improve service quality and customer service.
• Manage the Banking Operations Department (staff and budget).
• Central Operations – Account Services, Clearings, Payments, Cash Management and Reconciliation
• Card Operations – Account Services, Chargeback & Fraud & Reconciliation of the Bank’s debit card activities
• Trade Finance Operations – Import / Export LC’s, Supply Chain Finance and Invoice Discounting
• Treasury Operations – Forex, Money Market and Derivative Products, FI Transaction activity and 3rd Party Funds / Investment processing
• Credit Operations – Loan sanction fulfilment, & administration distribution (Retail, Business, Commercial and Corporate and Institutional segments) whilst ensuring the identification and management of underlying operational risks.

Job Requirements
Technical Skills:

• Detailed knowledge of Banking procedures and policy principles at all levels
• Ability to translate local regulatory requirements into a thorough knowledge of Operational routine in Banks
• Thorough knowledge of Cash Management, Account Services, Clearing and Payment functions
• Extensive knowledge of Treasury Operations and Trade Finance
• Understanding and application of Best Practice in all areas of Operational Banking with ability to drive efficiency and effectiveness
• Analytical and practical understanding of workflow, capacity planning / optimisation and process implementation
• Ability to recognise problems and apply Risk Management techniques to address them
• Ability to plan & prepare the strategy and annual budget requirements for the operational environment
• Strong planning, organisational and time management abilities
• Leadership, team management, developing and mentoring
• Metrics-driven mindset
• High-level influencing and interpersonal skills
• Relationship building, negotiation, problem-solving and troubleshooting