• CM

Job title                  HEAD OPERATIONAL RISK

Department           : Risk Management

Reporting Line       : Head, Risk Management

Location: Head Office       

Job Objectives

  • – Keeping senior management informed on an ongoing basis of the quality of operational risks, deficiencies, issues and the status of corrective actions relating to risk mitigation proffered
  • – Providing Management with MIS on the Bank’s risk profile to enable informed decision making
  • – Identifying, quantifying and documenting Operational Risks in new and existing products with a focus of reducing inherent Operational Losses and in compliance with the Requirements of the Basel II Accord and Regulatory Authorities for the calculation of Operational Risk Capital Charge – by Best Practice Banks
  • – Coordinating and maintaining accurate and robust loss databases in the Bank in compliance with the Requirements of Basel II Accord and meet Regulatory standards for Operational Risk Capital Calculation by Financial Institutions
  • – Developing for implementing appropriate policies, procedures, systems and controls that will drive the reduction of losses and loss events in the Bank thereby increasing the profits
  • – Coordinating the implementation of Continuity business

Role & Responsibilities

  • – To take an active role in discussions with the business and senior management on operational risks and reputational issues involving new and existing policies, products and processes
  • – Implement a pro-active risk mitigating strategies
  • – Coordination and management of Operational Risk Functions in the Bank in line with the provision of Basel II Accord
  • – Continuous development of policies and risk mitigating initiatives for the management of operational risk exposures
  • – Risk Identification & Documentation of Controls in New Products, Procedures, SLAs etc
  • – External Risk Identification, Assessment and documentation of implications for the Bank and the requisite Controls/Mitigants to be put in place and disseminating same to all stakeholders
  • – Proactive identification of emerging Risks in the Bank and the development of Controls for the benefit of all stakeholders
  • – Timely and accurate population of the loss database with losses/loss events reported from all Business units
  • – Effective dissemination of Learning points from loss and loss events to all employees
  • – Monitoring and analysis of Key Risk Indicators to ascertain the risk profile of the Bank across its business lines


  • – Reduce Operational Risk losses in the Bank
  • – Instituting high risk management culture in the bank through periodic awareness campaigns and interactive sessions with stakeholders
  • – % implementation of all planned strategic projects and initiatives in the area of ​​Operational Risk Management
  • – Implementation and periodic reporting of OpRisk in line with Basel II capital Accord
  • – Internal Audit Rating not below an A


  • – Minimum of Bachelors Degree or equivalent
  • – Professional Qualifications is risk management related fields
  • – In depth knowledge of operational risk
  • – Requirements pertaining to risk mitigation


Experience – Minimum of 0-3 years banking or minimum of 1-4 years non-banking but related experience.

Key Skills:


  • – Knowledge of banking operations
  • – Deep knowledge of the bank’s products, services and processes
  • – Familiarity with the current regulatory environment on BCP for financial services industry

Deep knowledge of Basel II Accord


  • – Quantitative skills
  • – IT proficiency
  • – Analytical skills
  • – Good Interpersonal and communication Skills

Application submission

Candidates should send their resume and motivation letter to , with the heading “ HEAD OPERATIONAL RISK by Monday, February 13, 2023 Before Close of Business

Only shortlisted candidates will be contacted to proceed to the interview stage.

If you do not receive any response 01 month after this publication, kindly consider your application as non-accepted for this time.

Share This Post, Help Others, and Earn Points!
error: Content is protected !!