Operational Risk Officer at Primera Africa Finance Group

Location: Victoria Island, Lagos
Employment Type: Full-time, Permanent
Reporting to: Chief Risk Officer / Risk Management

Job Description

• Provide technical guidance to business units on identification, assessment and monitoring of operational risks across the bank.
• Ensure that Business and Functional units Management has ownership, responsibility and accountability for directly assessing, controlling and mitigating risks by driving implementation and quality of Risk and Control Self-Assessment (RCSA)across all functions in the bank.
• Achieve quality of RCSA sampling, testing, issue identification and adequacy of corrective action plan.
• Support business initiatives and major tasks/ projects by ensuring effective participation in product review and approval before roll out.
• Alert Head Operational Risk on all status of key residual risks through development, review, update and reporting of the bank’s Key Risk Indicators (KRIs).
• Identify, manage and report on all key risks and controls through development, review and update of the bank’s risk and control database.
• Prepare of Operational Risk Reports and Management dashboards.
• Train Operational Risk Champions, Staff and new entrants across the bank on Operational Risk Management Framework and key tools such as; RCSA, KRI and Incident management.
• Participate in product/process development and review in order to ensure adequate risk controls are embedded in the design of products and processes.
• Participate in User Acceptance Tests (UAT) to ensure adherence to business and information security requirements as well as mitigation of operational risks.
• Provide support in Policy reviews, development of standard operating procedures, automation projects, and training and awareness programs bank wide.
• Support Business units in investigation and remediation of incidents and policy violation.
• Ensure Loss event register is maintained and up to date.
• Carry out Risk assessment as at when due, maintain risk register and track closure of open items.
• Collaborate with independent functions – Internal Control, Internal Audit, Compliance, and other relevant departments to enhance effectiveness of risk management activities by providing operational risk input.

Key Performance Indicators

• Number of quality RCSA, KRI and Risk assessment achieved
• Level of positive feedback from collaborators.
• Accuracy of Loss event and risk register.
• % of incidences investigated and remediated timely.
• % of risk issues resolved without escalation.
• Number of Audit exceptions.
• Level of compliance with applicable standards and regulations.
• Number of reports delivered on time.
• % of Operational risk training done.
• % of support to earnings and cost reduction strategy of the Bank.

Qualifications

• Minimum of B.Sc. preferably in Finance, Accounting or Management
• 3 - 5 years relevant work experience as Operational Risk Officer in the financial services industry is essential.
• Excellent knowledge of Enterprise Risk Management Framework, Operational Risk Management Standards and ISO31000 Standards
• Working experience in banking risk and control, or compliance.

Additional Information:

• Strong interpersonal skills with all levels of staff for influencing and collaborating.
• Strong knowledge of the operational risk environment (regulations, processes) and Risk management skills.
• Excellent written and spoken communication skills.
• Experience in facilitating the implementation and roll-out of a risk and/or controls framework.
• Experience in running risk analysis, including review/challenge of business risk profile and remediation initiatives.
• Demonstrated track record in bringing value to the business by being an effective partner and challenger in the right circumstances.