Access Bank Plc is a financial institution with presence in 9 countries in Africa and the United Kingdom and in all major cities in Nigeria. Also referred to as the Africa's Bank of Best Practice, Access Bank operates on a platform of strong ethics, governance and professionalism.
We are recruiting to fill the position below:
Job Title: Head, Operational Risk
Location: Lagos
Job type: Full-time
Description
- To minimize the Group’s exposure to operational risk by defining, implementing, and ensuring adherence to the approved enterprise-wide operational risk management framework for the identification, assessment, control, monitoring, and reporting of operational risk across the Group and its subsidiaries.
Key Responsibilities
- Develop and maintain the Group’s Operational Risk Management Framework, policies, procedures, and practices in line with regulatory and global best practices (e.g., Basel requirements)
- Drive the implementation of the Board-approved operational risk strategy and action plan across the Group
- Provide enterprise-wide oversight of operational risk management across all subsidiaries, ensuring alignment with the Group’s vision, strategy, and risk appetite
- Identify emerging and evolving risks arising from business strategy, digital transformation, and operational changes
- Define, review, and recommend operational risk limits and risk appetite metrics for approval
- Formulate and ensure compliance with critical and sensitive operational risk policies across the Group
- Provide industry insights and regulatory intelligence to inform operational risk strategy and decision-making
- Define and oversee the implementation of Key Risk Indicators (KRIs) and monitor frameworks across all subsidiaries
- Develop and implement risk mitigation strategies and control frameworks to address identified risks
- Oversee and ensure the integrity and consistency of the Risk and Control Self-Assessment (RCSA) process across business units
- Drive the development of a strong risk culture and awareness across the Bank
- Oversee the Bank’s economic capital assessment and allocation methodologies for operational risk
- Ensure effective loss data collection, analysis, and reporting to support risk management decisions
- Design and oversee operational risk reporting to Executive Management, Board, and Regulators
- Liaise with Internal Audit, Compliance, and Regulators on operational risk matters
- Perform other functions as assigned by the Chief Risk Officer.
Requirements
Qualifications & Experience
Mandatory:
- First Degree or equivalent with recognized professional certifications (e.g., FRM, CFA, ACCA, ACA, CFE, ACAMS, relevant IT/Risk certifications)
- Minimum of 15 years’ experience, with:
- At least 12 years in the Banking Sector
- At least 5 years in a senior management role within Risk Management, preferably Operational Risk.
Desirable:
- Relevant master’s degree (e.g., MBA, MSc Risk Management, Finance, or related field.
Skills/Competences
Required Knowledge, Skills and Abilities:
- Strong knowledge of operational risk management frameworks and global best practices (Basel II/III)
- Advanced knowledge of operational risk measurement methodologies (e.g., RCSA, KRIs, loss data, scenario analysis)
- Deep understanding of banking operations (domestic and international)
- Strong knowledge of enterprise risk management frameworks
- Financial analysis and interpretation
- Strong documentation and reporting capability
- Environmental / Industry Analysis.
Generic Skills:
- Strategic orientation and enterprise thinking
- High integrity and discretion
- Strong analytical and problem-solving capability
- Resilience and sound judgment
- Strong stakeholder management and influencing skills
- Excellent communication (oral and written).
Supervisory Skills:
- Strong leadership and team management capability
- Coaching, mentoring, and talent development
- Influencing at Executive and Board level
- Conflict management and stakeholder alignment
- Strong organizational and coordination capability
- General management and administrative oversight.
Application Closing Date
Not Specified.
https://www.hotnigerianjobs.com/hotjobs/883767/head-operational-risk-at-access-bank-plc.html