Kenya Commercial Bank, renowned for its diversity and growth in the Region is currently strengthening its support for group operations and business with the aim of maintaining Best Practice whilst also responding to the growing Business needs to support internal and external Customer Service delivery objectives and increase shareholder value.
To this end the following challenging position has arisen and candidates with the requisite competencies and qualifications described below are hereby encouraged to apply.
Operational Risk Manager
Job Ref: RISK 03/2010
The Position
Reporting to the Head, Operational Risk, Risk Management Division the major purpose of this job is to provide support in the development and maintenance of an effective, integrated operational risk management framework as regards to people, systems, and processes, internal and external events.
The position would be part of the Central Risk Management team responsible for policy determination, practice implementation and monitoring of Operational Risk for KCB Group.
In this role, the incumbent would be required to partner with various local and regional Risk & Control groups across KCB Group, to leverage practices/ tools available and meet the requirements of KCB Group.
Key Responsibilities
To this end the following challenging position has arisen and candidates with the requisite competencies and qualifications described below are hereby encouraged to apply.
Operational Risk Manager
Job Ref: RISK 03/2010
The Position
Reporting to the Head, Operational Risk, Risk Management Division the major purpose of this job is to provide support in the development and maintenance of an effective, integrated operational risk management framework as regards to people, systems, and processes, internal and external events.
The position would be part of the Central Risk Management team responsible for policy determination, practice implementation and monitoring of Operational Risk for KCB Group.
In this role, the incumbent would be required to partner with various local and regional Risk & Control groups across KCB Group, to leverage practices/ tools available and meet the requirements of KCB Group.
Key Responsibilities
- Implementation of Operational Risk Management Framework and policy in line with KCB Operational Management practices and standards to facilitate effective risk oversight across the group
- Actively conduct process Risk Review through Risk & Control Self Assessment process in Operational Risk entities and conduct operational risk assessment for new/changed business/process initiatives and existing activities by drawing the overall entity/process risk heatmap.
- Support the Loss Data Manager in development and maintaining Operational Risk loss data/incident collection, build Risk Scenarios and causal factors.
- Devise and implement the Business key risk indicators framework, analysis and reporting process
- To suggest practical recommendations to streamline and improve the internal control framework through Operational Risk review of the group’s Business Policies & Procedures.
- Establish and implement Key Control Standards Assessments as per Group ORM Risk policy.
- Prepare the Group operational risk reports for senior management presentation.
- Bank wide staff training and awareness creation to promote a strong culture of sound Operational risk management
The Person
For the above position, the successful applicant should have:-
For the above position, the successful applicant should have:-
- A University Degree from a recognized university degree holder.
- An MBA in relevant field and a Professional qualification in Accounting/Banking (FRM, CPA (K), ACCA, PRMIA, CFA, AKIB, ACIB) will be an added advantage.
- Minimum 3 years management experience in Operational Risk Management and or Risk based Internal Audit with a proven track record of conducting successful implementation of an Operational Risk Management Assurance (ORMA) Framework.
- Knowledge of bank-wide business functions including Operations, Credit (evaluation & administration), Treasury, etc as well as knowledge of the bank’s products and services.
- Good understanding of regulatory requirements - CBK, Basel II business line classification and Sound Principles of Operational Risk Management
- Proficiency in any standard ORM MIS, using key Banking systems and a good understanding of process mapping and review to embed Key Control Standards.
- Good communication, presentation skills
- Project Management skills
- Good knowledge of MS – Word, Excel, PPT, Project, Visio
- Excellent leadership, organizational, analytical and planning skills
If you believe you can clearly demonstrate your abilities to meet the criteria given above, please submit your application with detailed CV stating your current position, current remuneration level and telephone contacts by e-mail quoting the job title OPERATIONAL RISK MANAGER in the subject field to recruitment@kcb.co.ke .
To be considered your application must be received by 9th July 2010.
Only short listed candidates will be contacted.
