Operational Risk Officer at Primera MFBank Ltd.

  • 24, Kofo Abayomi, Victoria Island, Lagos, Nigeria
  • Full-time

Company Description

Primera MFBank, your partner for growth, is a fully licensed technology-driven finance platform that offers financial solutions to businesses and individuals. Anchored by a strong balance sheet and an experienced, hands-on management team, we enhance financial inclusion by offering suite of financial services to meet the needs of clients.

We are recruiting to fill the position below:

Job Title: Operational Risk Officer at Primera MFBank Ltd.

Reporting to: Chief Risk Officer/Risk Management

Location: Lagos
Employment Type: Permanent

Job Description

  • Provide technical guidance to business units on identification, assessment and monitoring of operational risks across the bank.
  • Ensure that Business and Functional units Management has ownership, responsibility and accountability for directly assessing, controlling and mitigating risks by driving implementation and quality of Risk and Control Self-Assessment (RCSA)across all functions in the bank.
  • Achieve quality of RCSA sampling, testing, issue identification and adequacy of corrective action plan.
  • Support business initiatives and major tasks/ projects by ensuring effective participation in product review and approval before roll out.
  • Alert Head Operational Risk on all status of key residual risks through development, review, update and reporting of the bank’s Key Risk Indicators (KRIs).
  • Identify, manage and report on all key risks and controls through development, review and update of the bank’s risk and control database.
  • Prepare of Operational Risk Reports and Management dashboards.
  • Train Operational Risk Champions, Staff and new entrants across the bank on Operational Risk Management Framework and key tools such as; RCSA, KRI and Incident management.
  • Participate in product/process development and review in order to ensure adequate risk controls are embedded in the design of products and processes.
  • Participate in User Acceptance Tests (UAT) to ensure adherence to business and information security requirements as well as mitigation of operational risks.
  • Provide support in Policy reviews, development of standard operating procedures, automation projects, and training and awareness programs bank wide.
  • Support Business units in investigation and remediation of incidents and policy violation.
  • Ensure Loss event register is maintained and up to date.
  • Carry out Risk assessment as at when due, maintain risk register and track closure of open items.
  • Collaborate with independent functions – Internal Control, Internal Audit, Compliance, and other relevant departments to enhance effectiveness of risk management activities by providing operational risk input.

Key Performance Indicators:

  • Number of quality RCSA, KRI and Risk assessment achieved
  • Level of positive feedback from collaborators.
  • Accuracy of Loss event and risk register.
  • % of incidences investigated and remediated timely.
  • % of risk issues resolved without escalation.
  • Number of Audit exceptions.
  • Level of compliance with applicable standards and regulations.
  • Number of reports delivered on time.
  • % of Operational risk training done.
  • % of support to earnings and cost reduction strategy of the Bank.

Qualifications

  • Minimum of B.Sc. preferably in Finance, Accounting or Management
  • 3 - 5 years relevant work experience as Operational Risk Officer in the financial services industry is essential.
  • Excellent knowledge of Enterprise Risk Management Framework, Operational Risk Management Standards and ISO31000 Standards
  • Working experience in banking risk and control, or compliance.

Additional Information

  • Strong interpersonal skills with all levels of staff for influencing and collaborating.
  • Strong knowledge of the operational risk environment (regulations, processes) and Risk management skills.
  • Excellent written and spoken communication skills.
  • Experience in facilitating the implementation and roll-out of a risk and/or controls framework.
  • Experience in running risk analysis, including review/challenge of business risk profile and remediation initiatives.
  • Demonstrated track record in bringing value to the business by being an effective partner and challenger in the right circumstances.