Operational Risk Analyst

This Operational Risk Analyst supports the Manager, Operational Risk in the monitoring and management of operational risk across the Banking Group.

Job Summary
This Operational Risk Analyst supports the Manager, Operational Risk in the monitoring and management of operational risk across the Banking Group. The incumbent will assist with the operationalization of the Operational Risk Management Policy and the Enterprise Risk Management Framework. The role will ensure that the business and support units across the Banking Group consistently and comprehensively identify, measure, monitor, mitigate, and report on operational risks.

Education and Experience:
▪ Minimum three (3) years’ experience within the banking/financial services industry, ideally in Operational Risk, Internal Audit, Finance or Regulatory Reporting experience.
▪ Bachelor’s degree from an accredited financial institution in finance/ economics / actuarial science or equivalent.
▪ Professional certifications in Risk Management/Accounting e.g. ACCA, CRMA, ERM.
▪ Knowledge of COSO/ISO 31000 Risk Management Standards/BASEL Guidelines will be advantageous.
▪ Proficiency in Microsoft Office tools.

Key Competencies and Attributes
▪ Good quantitative and qualitative analytical skills.
▪ Excellent attention to detail.
▪ Strong communication skills (both written and oral) and time management skills.
▪ High confidentiality and integrity.
▪ Proven interpersonal skills with the ability to work with a fair degree of autonomy and demonstrate initiative and a sense of personal accountability but remain a team player and enjoy contributing to a collaborative environment.
▪ Strong desire to build a career in operational risk management.

Key Responsibilities:
▪ Assess and verify the status of internal controls, via ad hoc walkthroughs/ observation and deficiency identification, and provide recommendations on enhancements to the control environment.
▪ Review Incident Management Forms, Risk Registers, Risk Assessments and other related monitoring and reporting mechanisms, ensuring that the documents are completed in a timely manner, with the required level of quality.
▪ Update and maintain the Loss Database, Remediation Database, Audit Trackers and other Risk Issue logs, monitoring and reporting on the progress of action plans and escalating as required.
▪ Update and maintain an Operational Risk Management Matrix, escalating changes to the operational risk profile of the organization.
▪ Support the Manager – Operational Risk in the delivery of the Risk Management Committee (RMC) and the Operational Risk Committee (ORC).

Perform in the role of Secretary to the ORC.

▪ Assist with the process of embedding the operational risk framework throughout the business units and contribute to the risk and control culture of the organization through knowledge sharing and awareness on the importance of operational risk management.
▪ Support the ongoing maintenance and continuous improvement of the risk management software across the organization.
▪ Assist with any other duties as assigned by the Manager, Operational Risk.