Operational Risk Analyst at Rand Merchant Bank

Job Description

• Risk and Compliance Department is responsible for the end-to-end management and oversight of all categories of risk and governance in RMB Nigeria.
• The risk function within the entity is not only an oversight function but is expected to get involved in the day-to-day functional reporting and management processes insofar as there are no conflicts of interest. This creates the opportunity for broad based integration into the business.

Responsibilities

• The successful candidate will primarily be focused on providing operational support to the ORM in ensuring the overall operational risk objectives are met. This will include: 

KRIs:

• Monitor entity-wide compliance in terms of capture and approvals by due dates and escalate gaps appropriately to the ORM
• Monitor and ensure all KRI breaches have requisite action plans in place.    
• Support the ORM with organizing KRI setting or review sessions with businesses.    

PRCIA:

• Support the ORM with organizing PRICA setting or review sessions with businesses    
• Monitor PRICA review calendar and prompt both the ORM and Businesses for reviews coming due reporting.    
• Prepare operational risk reports as may be assigned by the ORM or CRO    
• Ensure items that needed to be loaded on open pages such as loss events and PRCIA are promptly updated.   

Others:

• Take on assignments as directed by the ORM or CRO    
• Participate in governance meetings for OpRisk    
• Log all operational risk incidents on OpenPages     
• Ensure all OpRisk event logs are reviewed and approved within stipulated timeframes    
• Provide general administrative support in all OpRisk departmental activities    

Qualifications and Experience

• Candidates should have a relevant graduate degree and at least 2-5 years of work experience preferably having worked as an entry-level professional in investment banking, accounting, audit, management consulting, or related fields, and who is interested in working in a small team environment with a high degree of client contact. 
• Experience in MS-Excel financial modeling, including detailed income statement forecasting and scenario analysis, capital structure modeling and M&A modeling.  

Competencies:       

• Personal
• Analysis and Attention to Detail
• Verbal and Written Communication
• Problem Solving
• Self-motivated to take on multiple tasks

Business:

• Business Acumen
• Organisational Awareness
• Anticipating and Managing Change
• Presentation and Facilitation

Functional:

• Understanding of Operational Risk Management
• Team player
• Strong attention to details

Human Relations Profile:

• Strong Character & integrity are paramount.
• Self-confidence, with a pleasant personality 
• Well organized/good time management capabilities/disciplined/detail oriented 
• Self-starter able to work with minimal supervision. 
• Strong work ethic and ability to operate in a fast-growing environment 
• Flexible when necessary and ability to work effectively under pressure