Risk Identification and Assessment Officer at Wema Bank Plc

Job Summary

• To effectively support the coordination of operational risk identification and assessment across the Bank.

Job Description

• Identification, assessments, and collation of operational risks across the bank
• Review new processes and products to identify and assess associated risks
• Coordinate Risk and Control Self-Assessments (RCSA) exercises
• Conduct Risk and Control Self-Assessments (RCSA) workshops
• Correlate identified risk scenarios to relevant business process to assist in identifying risk ownership
• Create and maintain a risk register to ensure all identified risk factors are accounted for
• Collation of corrective actions and maintenance of the actions log
• Analyze risk scenarios to determine their impact on business objectives
• Monitoring of execution and closure of corrective actions
• Review Service Level Agreements, Product Initiation, Documents, and Change Request Forms
• Conduct operational risk management training to ensure that all stakeholders understand Operational Risk

Job Experience

• Minimum 3 years of relevant experience in the Financial Services industry. 
• Knowledge of standards, frameworks, and leading practices related to risk identification and assessment
• Knowledge of use of Risk Identification tools
• Knowledge of risk assessment methodologies
• Knowledge of process review tools and techniques
• Knowledge of qualitative and quantitative risk evaluation methods
• Knowledge of business goals and objectives
• Knowledge of risk scenarios related to business processes and initiatives
• Knowledge of the elements of a risk register
• Knowledge of risk awareness training tools and techniques