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.