Manager Operational Risk Job Placement – Stanbic Bank

Job Title:          Manager
Operational Risk
Organisation: Stanbic Bank
Duty Station: Kampala,
Uganda
Job ID: 26202
About US:
Stanbic Bank Uganda Limited is a subsidiary of Stanbic Africa Holdings
Limited which is in turn owned by Standard Bank Group Limited (“the Group”),
Africa’s leading banking and financial services group. The Standard Bank Group
is the leading banking group focused on emerging markets. It is the largest
African banking group ranked by assets and earnings. Stanbic Bank Uganda
Limited is the largest bank in Uganda by assets and market capitalization. It
offers a full range of banking services through two business units; Personal
and Business Banking (PBB), and Corporate and Investment Banking (CIB).
Job Summary: The Manager
Operational Risk will execute the operational risk management processes, tools
and systems as a key enabler to achieving the business objectives of the
organisation for the relevant business units.
Key Duties and
Responsibilities:  
  • The jobholder will also facilitate the
    alignment of the operational risk management process with Group Policies
    and appropriate regulatory framework;
  • Encourage a high level of awareness of
    operational risk in the business;
  • Facilitate RCSA’s and KRI’s workshops and
    ensure that the tools are effectively utilised by the Business for
    proactive risk
  • Assist in the analysis of information and
    reports to establish trends and consider initiatives to reduce risk;
  • Identify major risks affecting the
    business and take necessary steps to measure, monitor and control the
    exposure accordingly
  • Keenly review and evaluate internal
    controls and submit appropriate recommendations for any changes and/or
    enhancements;
  • Participate in developing strategies to
    identify measure, monitor and control operational risk and provide
    independent oversight over the operational risk management framework.
  • Ensure that the operational risk framework
    and operational risk policies are effectively implemented, and that all
    staff are aware of Operational Risk policies and procedures
  • Communicate the operational risk
    framework, standards and other risk principles effectively to the business
    i.e. Risk and Control Self Assessments (RCSA’s), Key Risk Indicators
    (KRI’s), Business Continuity Management (BCM), Information Risk, IT Risk
  • The incumbent will also identify major
    risks affecting the business units and branches and take necessary steps
    to measure, monitor and control these risks.
  • Provide the necessary guidance and
    training to ensure compliance with the operational risk framework and
    methodologies.
  • Assist management in the analysis of
    information and reports to establish trends and consider initiatives to
    reduce risk. Reviewing trends reported to ensure effectiveness and
    adequacy of controls and to ensure their alignment to the set operational
    risk appetite as set by management.
  • Ensure compliance with any applicable
    regulatory operational risk management requirements.
  • Ensure that adequate controls are in place
    to prevent regulatory breaches, regulatory fines and reputational risk to
    the bank.
  • Ensure compliance to Regulation 40(4) of
    the South African Reserve Bank and Basel II requirements as appropriate.
  • Ensure an effective internal control
    environment, as measured by satisfactory audit/risk assurance ratings,
    external audit ratings, bank of Uganda onsite review ratings and ensure
    Zero tolerance to outstanding review Issues.
  • Ensure a thorough understanding through
    regular up skilling of the various operational risk management tools,
    including; risk register (RR), risk control self assessments (RCSA’s), Key
    risk Indicators (KRI’s), Investigation and report writing skills and
    appropriate make use of the tools to effectively  implement the bank’s operational risk
    management framework.
  • Ensure the effective implementation of the
    bank’s approved Information Risk Management (IRM) framework, with a focus
    on information quality, confidentiality, misuse, abuse, access, archiving
    and retrieval processes.
  • Effective management of external risks,
    through proactive identification, assessment and mitigation of risks
    beyond the bank’s scope and ensure that Business Continuity Management
    (BCM) plans, processes and procedures are up-to-date and followed as per
    agreed schedules and new group-wide methodology BCM is implemented.
  • Ensure that Insurance cover as last resort
    control is effective in management operational risks
  • Ensure that the bank’s outsourcing risks
    are adequately managed



  • To participate in Country business
    processes, initiatives, forums, committee, etc. to ensure that operational
    risk requirements are appropriately considered, executed and reported e.g.
    Risk and Compliance Committee, loss management programs, procurement,
  • The incumbent will escalate breaches and
    incidents as per the appropriate escalation processes, including
    appropriate participation in the remedial actions
  • Encourage and facilitate a high level of
    awareness of operational risk in SBU
Qualifications, Skills and
Experience:
  • The ideal candidate for the Stanbic Bank
    Manager Operational Risk job opportunity should hold a business degree
    from a recognized University.
  • Possession of a risk management / audit
    qualification will be an advantage
  • At least three to four years of banking
    experience with working knowledge of Bank’s systems and procedures
  • Extensive knowledge and understanding of
    the banking operations environment.
  • Good analytical skills.
  • An all-round knowledge base of how the
    different units within the Bank function.
  • A good working knowledge of the various
    systems used in the Bank and the linkages.
  • A good understanding of the business;
    products, channels, network, customer segmentation, competitive
    environment.
  • Broad knowledge and understanding of the
    interrelationships between the bank and its key stakeholders; Staff,
    regulators and regulatory environment, shareholders,
  • Computer literacy i.e. proficiency in
    Excel.
  • Excellent verbal and written communication
    skills.
How to Apply:
All candidates who wish to join the one of Africa’s biggest Banking
Groups, Standard Bank in the aforementioned capacity are encouraged to Apply
Online by visiting Link below.
Deadline: 30th August
2017

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