Operational Risk Management Officer at VFD Group

Job Summary

• The Operational Risk Management Officer is responsible for implementing the bank’s Operational Risk Management Policy, ensuring compliance with risk frameworks, and minimizing operational losses. Reporting to the Chief Risk Officer, the role involves identifying, assessing, and mitigating risks across business units while fostering a strong risk culture. Key responsibilities include risk monitoring, policy enforcement, regulatory compliance (IFRS S1 & S2), and training staff on risk awareness. The officer also supports Enterprise Risk Management, maintains the policy repository, and ensures adherence to the bank’s risk appetite and parameters.

Job Details

• Ensure compliance with risk appetite and risk parameters established by the Group
• Develop strategies for mitigating all business and operational (including technology) risk 
• Oversee and ensure the integrity of the operational risk assessment process within business units.  
• Build and ensure a bank-wide operational risk management culture. 
• Drive the implementation of the IFRS S1 and S2 sustainability compliance  
• Effectiveness of RCSA, KRI, and LDM (Loss Data Management)
• Minimize Operational Risk Losses
• Minimize Losses arising from Cyber Risks Incidents
• Adherence to cost budgets
• Monitor remediation of any breaches or misalignments reported by the above functions
• Preparation of Reports & Case Studies for Learning Purposes 
• Provide support to the Enterprise Risk Management Function
• Manage the policy repository for the bank and ensure reviews in line with policy requirements.
• Provide support, education and training to staff to build risk awareness within the organization

Requirements

• Knowledge of corporate governance practices
• Knowledge of finance, accounting, budgeting, and cost control principles
• Understanding of key financial risk principles (credit risk, market risk, operational risk, etc.)
• Ability to analyze financial data
• In-depth understanding of the organization’s business issues
• Knowledge of the regulatory environment and key regulatory issues
• Knowledge of enterprise risk management
• Communication and presentation skills
• Good report writing and analytical skills
• Working knowledge of Microsoft Office Suite & the internet
• Good knowledge and understanding of credit processing and policies.
• Understanding of E-Business practices