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Credit Manager- Operational Risk Control (Expired)

Recruiter / Employer: Equity Bank Kenya
Contract: Contract / Casual
Salary: Confidential
Status: Expired

About the Role

Job Purpose: 

The job holder will be responsible for effective management of operational risk of the end-to-end processes across all Credit Department Units (i.e. Credit Underwriting, Credit Administration, Credit Monitoring and Control, Early Collections, and Debt Recovery Unit). This include;

  • To ensure Credit policies, processes and procedures are up to date and are effectively adhered to in all Credit departments.
  • To ensure operational risk sub-types are proactively identified, assessed, controlled and reported in a timely manner to the Department’s senior management and Operational Risk Function.
  • To assist in coordinating, facilitating and promoting understanding of the Operational Risk Management Framework (ORMF) and in implementation and management of operational risk within Credit.
  • To ensure that operational risks are properly assessed, that risk / return and control cost / benefit decisions are made transparently on the basis of this proper assessment and are controlled in accordance with the Group’s Standards and its Risk Appetite.

Main Duties & Responsibilities

Operational Risk Governance

  • Align the Bank’s operational risk management approach to the Risk Management Framework and oversee its effective application.
  • To ensure Operational Risk Management Framework is effectively embedded and communicated in the Department.
  • Coordinate monthly Departmental Operational Risk Committee meetings to discuss non-financial risks and perform secretarial duties.

Risk Appetite

  • Liaise with the Business Units to establish and periodically update the Department’s operational risk appetite.
  • Periodically assess the Department’s operational risk profile.

Operational Risk Ownership

  • Provide a focal point of control over the aggregate level of operational risk in the Department that arises from end to end processes.
  • Ensure that the Business Unit Team Leaders and all staff in the Department understand and accept their risk management responsibilities in relation to operational risk.
  • Design, maintain and effectively communicate operational risk control parameters across the Department.
  • Roll out the operational risk management process in the Department: risk identification, assessment, control, monitoring and reporting.

Risk identification, assessment, control and monitoring

  • Liaise with Unit Team Leaders to identify key risks and controls in all processes and sub-processes in the Unit’s activities.
  • Establish and on a continuous basis update the Departmental Risk Register.
  • Design and implement Risk Control Self-Assessment (RCSA) in Credit Department.
  • To undertake periodic testing of key controls to assess the proper functioning and adequacy of the controls.
  • Ensure adequacy of the risk assessment process and prioritise risk issues to be controlled to within risk appetite.
  • To report risks and losses in Credit departments to the Department’s Team Leaders and Operational Risk Function using standard templates.
  • To assist Business Units within Credit in developing and updating processes, controls and monitoring plans.
  • To identify and report all exceptions on non-compliance with standard controls.
  • To identify and report all weaknesses inherent in the standard controls
  • To maintain proper record keeping on all RCSA related activities
  • To complete monthly Key Risk Indicator (KRI) reports and submit to Operational Risk Function
  • To collate and timely report operational risk incidences in Credit.
  • To monitor and analyse risks in customer complaints in Credit departments.
  • Periodically review operational risk assessments to ensure these appropriately reflect changes in environment, mitigating controls and the progress of treatment plans.
  • Systematically monitor process control effectiveness where there are material risks of process control failure.
  • Work with Operational Risk Function and review control and risk metrics in order to monitor KRIs

Risk Acceptance

  • Liaise with Unit Team Leaders in preparation of risk acceptance proposals to the relevant risk committees for approval.

Essential

Desirable

  • A bachelor’s degree in a relevant field.
  • A master’s degree in business related field
  • Credit related certifications
  • Operational risk certification
  • Work Experience & Skills

Essential

Desirable

  • Relevant business/function experience of over 5 years (Exposure in Credit Risk processes preferred).
  • A clear understanding of the Bank’s approach to the management of operational risk, or equivalent experience gained in other organisations.
  • Ability to work in a matrix organisation, leveraging resources across the organisation to complete deliverables.
  • The sound judgement and courage necessary to perform a control role and maintain effective working relationships.

Closing: Feb 7, 2023

How to Apply

https://equitybank.taleo.net/careersection/int_new/jobdetail.ftl?job=220000GT&tz=GMT%2B01%3A00&tzname=Africa%2FLagos&utm_source=MyJobMag

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