Head Operational Risk Management

• Establish ORM function and implement the operational risk policies processes and systems across the Bank.
  
• To identify assess monitor control/mitigate and report the operational risks in business lines in conjunction with personnel from different functions. Seek approval from senior management (as and when necessary) for managing operational risks.
  
• Review and recommend updates (as and where applicable) of specific operational risk policies standards procedures and guidelines to manage the operational risk cycle (ideDntify measure monitor mitigate/control and report) and seek approval from CRO/RMC/BRMC/BOD.
  
• Responsible for setting up appropriate operational risk tolerance levels that are in line with the bank s defined risk appetite.
  
• Identify industry best practices and keep up to date on rules and regulations in operational risk and maintain a repository of all related documents.
  
• Ensure that any new measurement techniques as approved by the CRO are incorporated in the operational risk policy
  
• Responsible for documenting ORM process within the operational risk policy.
  
• Responsible for incorporating operational risk reporting framework as part of operational risk policy and updating the measurement techniques including the VaR methodology within the operational risk policy.
  
• Responsible for providing inputs to risk strategy & capital planning function for computing economic capital.
  
• Management of risk assessment development of polices standards and procedures testing and security reporting processes.
  
• Ensure that the Bank achieves compliance and certification to PCI DSS ISO 27001 etc.
  

Requirements

• A good first Degree or equivalent in any Discipline.
  
• Recognized professional certification such as CFA CIS ACCA ACA CISM CISSP etc.
  

• Minimum of 10 years postqualification experience in Risk Mgt. or related area within the financial services industry of which at least 7 must have been in the Banking sector and 5 years must have been at a senior mgt. level.
  

• Candidate must have been involved in Basel II implementation project in any of the foremost Nigerian commercial banks particularly in ORM.
  
• Candidate must have been involved in the development and implementation of an ORM framework in commercial banks in Nigeria.
  
• Must be very conversant with Basel II and CBN regulatory guideline on the implementation of the capital requirement in Nigerian Banks