Manager Operational Risk Employment Opportunity – Stanbic Bank

Job Title:       Manager Operational Risk

Organisation: Stanbic
Bank

Duty Station: 
Kampala, Uganda

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: 

  • 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
  • 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
  • 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.
  • To 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,
  • To escalate breaches and incidents as per the appropriate escalation
    processes, including appropriate participation in the remedial actions
  • To 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 should hold a business degree from a recognized University.
  • A risk management / audit qualification will be an advantage
  • Three to four years of banking experience with working knowledge of
    Bank’s systems and procedures
  • 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.
  • A good understanding of the interrelationships between the bank and
    its key stakeholders; Staff, regulators and regulatory environment,
    shareholders,
  • A working knowledge of 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.

Click
Here

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