Standard Chartered Bank Nigeria

Standard Chartered Bank Nigeria - We attract talented individuals. Not only can they give you the benefit of their experience, they also reveal a closer, more personal look at the wide range of global opportunities we offer. At the core of the Group's people strategy is our focus on employee engagement. Engagement is a key driver of productivity and performance, which creates the foundation of our performance culture. We encourage and focus on the behaviours that bring out the very best from every employee, assessing their performance not just on results but on how those results were achieved. To further embed these behaviours we have a remuneration programme in place, carefully designed to incentivise our employees to live our values every day.

We are recruiting for the position of:

Job Title: Cluster Head, Operational Risk, CB - West Africa

Job ID: 375895
Job Function: Risk
Job Location: Nigeria - SCB

Job Description
Head of CB Operational Risk, Cluster ensures that operational risk is effectively managed across the countries within the Cluster in ensuring that the overall exposure to operational risk is contained within Group appetite. The individual also double hats as the Head of Operational Risk for one of the countries in the cluster.

Specifically, the Head of CB Operational Risk, Cluster will supervise and support the Head of Operational Risk in countries to:

• Uphold the integrity of CB’s operational risk/return decisions, and in particular for ensuring 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
• Ensure the Risk Management Framework is effectively embedded and communicated across the CB Operational Risk organisation
• Provide a focal point of control over the aggregate level of operational risk that arises from end-to-end processes, including the design of effective controls and the systematic monitoring of process control effectiveness
• Ensure risks of processing failure are being actively controlled on an end-to-end basis

Key Roles & Responsibilities

Risk Management of the Group

Risk Governance

• Align operational risk management approach to the Risk Management Framework and oversee its effective application across all areas within CB.
• Design and maintain a risk committee structure for the operational risk within CB and ensure it is effective.
• Maintain an open and cooperative relationship in dealings with regulators.

Risk Appetite

• Ensure that the return on risk weighted assets is optimised through the effective deployment of the operational risk management process
• Assess periodically the operational risk profile of CB and maintain alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors
• Provide support to the stress test and scenario programme for CB operational risk
• Ensure that effective management response plans are in place to respond to extreme but plausible scenarios
• Uphold the integrity of operational risk/return decisions, by challenging CB businesses and relevant control function heads to demonstrate that risk origination and control decisions are properly informed and consistent with strategy and risk appetite
• Recommend changes to the control environment or to business practice where necessary to reduce the level of operational risk exposure to within the agreed appetite
• Direct appropriate response to material events or other risk issues that come to the CBOR’s attention
• Provide balanced and informed assessment of operational risks arising from acquisitions and major change initiatives

Risk Control Ownership of CB Operational Risk

• Develop and maintain risk identification, measurement and modelling capabilities which are objective, consistent and compliant with applicable regulations
• Review and ensure that the appropriate governance and delegated authorities have been applied to material risk exposures and related issues; and escalated to the responsible PGC’s, CB Risk Committee and Group Operational Risk Committee
• Ensure that gross and residual operational risks from PGCs are reviewed and assessed at country level; and higher residual risk ratings are monitored and escalated to the appropriate risk committees as per their delegated authorities
• Assign CB operational risk authorities to suitable named individuals in line with their skills and judgement
• Provide a focal point of control over the aggregate level of operational risk that arises from end-to-end processes
• Design, maintain and effectively communicate operational risk control parameters across CB, including policies, control standards, risk exposure limits and other control levers in order to maintain CB’s risk profile in line with the overall risk appetite set by the Board
• Challenge the completeness of risk identification, monitoring, and control activities across Operational Risk Control Areas across CB and identify and address any significant gaps that may exist between them
• Maintain a good understanding of the requirements of CB’s key external stakeholders in respect of operational risk management and ensure these are well understood internally
• Obtain assurance regarding the effectiveness of operational risk controls and compliance with applicable laws & regulations within CB
• Review material operational losses in line with policy and present the same for requisite approvals as per the Delegated Authority

Qualifications & Skills
Operational risk accreditation

• Relevant business/function experience, including experience within business/function operations
• Operational risk management experience
• 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
• Sound judgement and courage necessary to perform a control role and maintain effective working relationships

Mandatory Requirements

• 1st Degree in any discipline
• Relevant certification – CIS, ACCA or CFA
• Minimum of 10 years Post-Graduation in Risk Management Function
• 7 years in Banking
• 5 years in Senior Management role

Mode of Application
Interested and qualified candidates should:
Click here to apply online

Note:

• When the page opens, at the Location dropdown, select Nigeria - SCB and click Search, then click Cluster Head, Operational Risk, CB - West Africa

Application Deadline: 25th September, 2013