Operational Risk Manager
Job Ref: RISK 01/2013
The Position
Reporting to the Head of Operational Risk the manager will be responsible for the implementation of operational risk management framework through effective management of the loss data management policy (LDM policy) within the Group.
The role will be responsible for recording and analyzing operational risk data (typically losses, incidents, and metrics or assessment results) to identify areas of emerging and existing risks, control weaknesses and also to ensure that past mitigation efforts have the desired effect to policy and processes.
Key Responsibilities:
- Develop and implement tools, for identification, assessment and monitoring of operational risks in line with the group operational risk management policy i.e. Risk Control Self-Assessment (RCSA), Loss Data Management (LDM), Key Risk Indicator and Control testing procedures.
- Day to day Operational risk management process through conducting risk workshops with business to identify, assess, manage, monitor and report risks on a continuous basis.
- Manage Losses/Incident recording on ORMIS, evaluate risk exposure & recommend controls to reduce risk exposure.
- Validate business Operational losses & assign regulatory business-line on system
- Analyze losses and reconcile with G/L bookings & track potential recoveries.
- Compile external losses/incident and book KCB relevant or near similar in ORMIS
- Analyze losses causal factors (loss drivers) & advise senior management on requisite control measures necessary for loss mitigation.
- Work with Business Support Re-engineering (BSR) team on process changes/new processes to ensure that necessary controls are in-built in the processes.
- Risk communication to Business on KCB related risks from Internal & External recorded losses, Audit and Forensic reports.
- Operational Risk Capital analysis
- Review Group Operational policies and Standard Operating Procedures (SOPs) and recommend improvements to control risk exposures
- Risk profile mapping for new processes & procedures in compliance to Group & Regulatory policies
The Person
- A University degree in Business/Economics/Finance or Statistics from a recognized University. MBA and professional qualification in accounting/banking (ACIB/AKIB, CPA (K), ACCA, FRM, PRMIA, CSIA/CFA), will be an added advantage.
- At least 3 years management experience and 2 of which should be in Operational Risk Management, Branch operations and or Risk based Internal Audit at MLB.
- Excellent understanding of bank operations both Head Office and Branch Network as well as good knowledge of the bank’s products and services.
- Good understanding of regulatory requirements - CBK, Basel II business line classification and Sound Principles of Operational Risk Management.
- Working knowledge of core banking system and good understanding of Business Process Management (process mapping and review).
- Excellent communication and presentation skills
- Ability to work under pressure
- Flexibility i.e. ability to work in different places and at odd hours.
- Good planning and organizational skills including project management skills.
- Good working knowledge of MS Office suite i.e. Word, Excel, Power Point, MS-Project and Visio
- Excellent analytical skills and attention to detail.
- Good knowledge of Operational Risk framework and process.
The above position is a demanding role which the bank will provide a competitive package for the successful candidate.
If you believe you can clearly demonstrate your abilities to meet the criteria given above, please submit your application with a detailed CV, stating your current position, remuneration level, e-mail address and telephone contacts quoting the job title/reference in the subject field to recruitment@kcb.co.ke.
To be considered your application must be received by 25th January 2013.
Only short listed candidates will be contacted.