Job Title: Operational Risk Officer
Hiring Organization: Consolidated
Bank
Location – Locality: Nairobi
Location – Region: Kenya
Industry: Banking
Job Type: Full
Time
Salary: KES
Date Posted: 07/19/2024
Consolidated Bank of Kenya Limited was incorporated
on 7th December 1989 . This was in an effort to stabilize the financial sector
through the acquisition of nine insolvent institutions and thereafter
restructuring them into a viable, professionally run commercial bank. The Bank
enjoys an independent, dynamic, result-oriented culture and a flexible and
innovative approach. We understand the markets in which our clients operate and
offer a service built on personalized and specialized banking solutions. We offer
one of the widest range of banking products and services in the market today.
We realize that a growing business demands a lot of time and energy. We
understand these challenges and continuously develop flexible, innovative, and
convenient financial solutions to help our customers achieve personal and
business success.
Job Purpose
Reporting to the Head of Risk & Compliance, the
Operational Risk Officer will be responsible for the implementation of the
operational risk management frameworks within the standards defined by the
Bank.
Key Responsibilities
- Review and provide recommendations 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.
