Operational Risk Officer

Duties & Responsibilities

• Operational risk assessment of all departments within the enterprise and the company subsidiaries.
• Internal control to ensure operational effectiveness and efficiency.
• Risk advisement for various departments as per new products, implementation, change requests and system integration with UP to mitigate operational, reputational, strategic and regulatory risk.
• Preparation of Operational Risk report to Senior Management.
• Work closely with other depts. within the organization to investigate and resolve alleged fraudulent incidences.
• Escalate issues with potential for negative industry and/or corporate exposure.
• Special investigation and review for suspicious scheme transactions.
• Operational risk assessment of all departments in UP and other subsidiaries which involve evaluating the operations and activities of these departments in order to identify, assess, measure and mitigate risks.
• The staff will also assist in providing risk mitigating factors to the units involved, remediation options and process improvement ideas.
• Follow up with business units to design and implement controls and action plans to mitigate operational risk thereby ensuring the effective running of the enterprise business.
• Planning, managing, and providing ongoing support for the implementation of the company’s operational risk framework.
• Facilitate Risk and Control Self-Assessment (RCSAs) Workshop for business units while working closely with them to identify and monitor relevant Key Risk indicators.
• The staff will also assist business units in developing Key Risk Indicators (KRI) for all key risks in the business, creation and reporting of KRIs including thresholds in the risk dashboards.
• Work with business units to design and implement controls or action plans to mitigate operational risk thereby ensuring the effective running of the company’s business.
• This function will also entail carrying out internal control functions to guarantee effectiveness and efficiency of operations, reliability of transaction reporting, drafting of policy documents and compliance with applicable laws and regulations.
• Prepare operational risk report to management and analyze operational risk incidence.

Requirements:

• 2 - 5 years’ experience
• BSc in Finance, Economics, Computer Science, Social Sciences, Engineering, Business Administration, Information Technology or related fields.
• Strong experience in Operational risk assessment, analysis of business metrics and formulation of Key Risk Indicators.
• Knowledge of Microsoft office packages such as Word, Excel and Powerpoint
• Relevant Risk Management qualification (E.g. Certified Fraud Examiner – CFE, Certified Operational Risk Manager - CORM, Certified Information System Audit- CISA, Certified Risk Manager – CRM, Professional Risk Manager – PRM, etc.) will serve as added advantage.