Job Purpose
Reporting to the Head of Risk & Compliance, the
Operational Risk Officer will be responsible for implementation of the
operational risk management frameworks within the standards defined by the
Bank.
Key Responsibilities
- Review and provide recommendation on the Operational
Risk Management policies, procedures, standards, systems and guidelines
- Contact person for policies, procedures, standards and
guidelines
- Providing training to ensure compliance with the set
operational risk management framework, methodologies and assist in
institutionalization of operational risk monitoring tools i.e. Incident
Management, Risk Control Self-Assessment (RCSA), Key Risk Indicators, Snap
checks, Exception Tracking reports
- Participate in improving risk management readiness and
create an organizational culture that places high priority on effective
risk management and adherence to sound operating controls at all levels
through communication, training programs and risk based performance
measurements
- Facilitate and review the implementation of the Incident
Management process
- Responsible for Business Continuity testing and remedial
activities bank wide/Act as business continuity co-ordinator for the CMT
- Prepare periodic reports to regularly update operational
risk exposures and loss experience to Business Units and senior management
- Follow up to implement approved changes to rationalize
procedures and improve internal control standards
- Record all Operational risk incidences and
systematically track relevant operational risks by business line across
the Bank and build up an operational loss database. Each operational risk
must be mapped against the event types as stipulated under Basel II
- Develop plans to proactively address any potential
operational risk weaknesses and to fix any operational weaknesses
identified by the various operational risk tools
- Prepare reports that may be required by the regulators
and auditors (internal and external), covering operational risk.
- Carry out risk assessments on new systems, products and
bank processes
Qualifications and Competencies
- Possess a bachelor’s degree in any business related
field from a recognized university.
- Must possess professional certifications in either CPA,
CFE, ACAMS, or any relevant operational risk management certification.
- Must have a minimum of three years’ relevant working
experience in the banking industry.
- Must demonstrate extensive knowledge of operational risk
drivers.
How To Apply
Qualified and interested candidates who meet the
above requirements should send their application in HARD COPIES quoting
the title of the position applied for on the cover letter and envelope,
together with a detailed Curriculum Vitae, copies of certificates and the
contact information of three referees to:
The Head of Human Resources
Consolidated Bank of Kenya Limited
P.O. Box 51133 – 00200
NAIROBI
All applications should be sent through the above
address ONLY, and received no later than 5.00 p.m. on Thursday, 1st
August 2024. Only selected candidates will be contacted.
