Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.
Effective risk management is fundamental to the business activities of the Standard Bank Group (group). While we remain committed to increasing shareholder value by developing and growing our business within our broad determined risk appetite, we are mindful of achieving this objective in line with the interests of all stakeholders.
Stanbic IBTC Bank is recruiting to fill the position of:
Job Title: Operational Risk Analyst - SIPML
Job ID: 12723
Location: Nigeria
Division Proposition:
Effective risk management is fundamental to the business activities of the Standard Bank Group (group). While we remain committed to increasing shareholder value by developing and growing our business within our broad determined risk appetite, we are mindful of achieving this objective in line with the interests of all stakeholders.
Position Description:
Purpose of the Job:
Operational Risk Analyst has the responsibility to ensure that the operational risks the company is exposed to are well captured in the risk universe and that there are adequate mitigants in place to ensure the realisation of the operational objectives of the organisation.
Key Responsibilities/Key Result Areas:
The Operational Risk Analyst has responsibilities to the following key stakeholder groups:
The Company:
- Evaluating key business functions and processes for risk
- Undertaking risk assessment exercise for the purposes of profiling and improvements
- Monitoring KRIs and suggesting new KRIs for risk profiling
- Assessing the probability and impact of individual risk on the Company and
- Assessing the people, system, and internal control elements of operational risk
Business Unit Heads/Leaders:
- Monthly reporting of Evaluated risks
- Monthly review of operational units processes
- Review of operational manual
Employees:
- Encouraging risk management culture amongst staff
- Promoting the culture of incidence reporting
- Needing to work through issues with colleagues to provide workable solutions
Risk Management Department:
- Ensure that reports fed from operational management are well integrated into the risk management report
- Key Performance Measures
- Keeping tab on key operational issues to the extent that mitigants are always provided
- Carry out review on business functions
- Improve policies and procedures reflecting best practices.
Important Relationships:
- Business Unit Heads within Wealth Group
- Employees of Wealth Group
- Other employees of Stanbic IBTC.
Required Skills and Qualifications
Knowledge:
- University Degree
- Advanced/Professional Degree or Professional Qualification in Business or related field, is desirable
- Understanding of Risk Management principles, policies and procedures in a first class financial services institution is desirable
- Strong Analytical/Numeracy Skills
- Understanding legal and regulatory framework.
- Excellent understanding of Company Operations, Products and Services
- Excellent use of MS Office Applications, and other Technology based tools
Experience:
- Experience in banking/asset management/pension fund administration
Required Competencies:
Problem Solving:
- Required to use initiative, be creative and innovative in delivering solutions to business and employees
- Required to continuously be ahead of issues and proffering solutions
Planning:
- Need to be able to plan on a medium to long term basis
- Daily to weekly Planning is required for more operational Risk Management activities
Decision Making:
- Focused on operational excellence for the Company
- Focused on improving and supporting business operations and decisions
Personal Competencies:
- Great Team Player
- Discrete with information
- Flair for Personal Development & Learning
- Good interpersonal and relationship management skills
- Self Starter, willing to work with no supervision
- Detailed and analytical
- Innovative
- Ability to work under pressure and to meet tight deadline.
Application Closing Date
10th November, 2014
How to Apply
Interested and qualified candidates should:
Click here to apply online