Operational Risk Monitoring & Reporting Officer at Kuda Bank

Kuda is a full service, app-based digital bank. Our mission is to be the go-to bank not just for those living on the African continent, but also for the African diaspora wherever they might live, anywhere in the world. Kuda is free of ridiculous banking charges and great at helping customers budget, spend smartly and save more. We raised the largest seed round ever seen in Africa, and completed a Series A funding round in February 2021, led by some of the world's smartest venture capital investors. With offices in London (our HQ), Lagos and Cape Town, and further offices opening across Africa during 2021, Kuda is fast becoming recognised as the leading 'Neobank' for Africans.

To help us grow into the company that can bring meaningful change to the way people across Africa get access to great financial products and services in order to take control of their personal finances, we are actively looking for bright, talented, driven people who are excited by our mission. If this sounds like a great way to spend your valuable time, then please get in touch with us.

We are recruiting to fill the position below:

Job Title: Operational Risk Monitoring & Reporting Officer

Location: Lagos

Role Overview

• The primary responsibility of this role is to identify, assess, and mitigate both inherent and residual risks within acceptable limits, while also addressing emerging risks in the business environment.

Responsibilities

• Development and review of Key Risk Indicators (KRIs) 
• Conduct products and process risk identification/ assessment and prepare risk assessment reports. 
• Develop questionnaires, anchor RCSA workshops and analyse RCSA results
• Review departmental risk registers and highlight emerging risks 
• Ensure that the Bank adopts best industry practices for collecting, consolidating, analyzing, quantifying, and reporting operational loss data.
• Facilitate Bank-wide ORM training and sensitisation programs, ensure risk culture is embedded in the system through sensitisation programs and training bank-wide
• Conduct scenario analysis in line with the standards stated in the Scenario Analysis Framework at ORMC Meetings
• Perform environmental scanning and advise Management on risks to the Business, conduct research and propose new ideas to aid management of Op-Risk
• Identify, assess, and suggest mitigants to address strategic risks that could hinder the achievement of Corporate goals
•  Prepare reports for MRC and BRMC presentations.
•  Anchor ORMC meetings to promote risk management knowledge and culture among Risk Champions.

Requirements

• First Degree in numerate / Social sciences.
• Minimum of 5 years cognate experience preferably in audit or banking industry 
• Expertise with a strong understanding of operational risk frameworks, including Key Risk Indicators (KRIs), Risk Control Self-Assessment (RCSA), and Scenario Analysis, as well as experience in conducting risk identification, assessment, and mitigation planning.  
• Data analysis and reporting skills, including proficiency in analyzing risk data, consolidating operational loss information, and preparing detailed reports for senior management, with the ability to identify emerging risks and develop actionable insights from environmental scanning and scenario analysis.  
• Training and sensitization capability with a proven track record of developing and delivering training programs to embed a strong risk culture across the organization, as well as creating educational content and facilitating bank-wide sensitization initiatives.  
• Strategic and critical thinking with strong research and advisory skills to monitor external environments, assess strategic risks, and propose innovative risk management solutions aligned with the bank’s corporate goals.

Application Closing Date
Not Specified.