Analyze your CV for Manager, CIB Operational & Market Risk at Stanbic Bank

Risk Management: understanding all risks – from the economic to the political – that could affect our global business, and offering guidance to all parts of the bankJob Purpose The incumbent is responsible for Operational & Market Risk activities including Risk reporting and trend analysis, errors and claims tracking and analysis, audit coordination, BCM oversight, systems entitlements, project management and preparing senior management risk reports. In addition, identify, measure and manage the banking and trading book related risk in compliance with market risk policies and procedures through regular review.Key Responsibilities/AccountabilitiesOperational RiskImplementation, validation and monitoring of operational risk management processes within the businessContinuously improve the operational risk processes with the intention of adding value to business whilst introducing practices that are fit for purpose in line with leading global practicesEnsure that the business management are fully appraised of the operational risk statusProvide operational risk tools training support to the businessValidate reported operational incidents and exceptions, perform root cause analyses, identify potential opportunities for improvements to upstream processes/systems. Provide adequate operational risk review and evaluation of new product releases, and emerging risks due changes to products and service offerings within the businessMaintain a wide network with head office and in-country business and other stakeholders (e.g. Operations, Legal, Compliance, FCC, and other risk type functions, and IT)Ensure that in-country and head office operational risk deliverables and strategies are metPerform sample-based back-testing analysis on specific operationally vulnerable areas to pre-empt the development of standards, procedures and process maps where operational gaps exist across businessesFacilitate RCSA’s and KRI’s workshops with business; and monthly collation and validation of Key Risk Indicators, and other relevant ERM metricsAssist in development of a cross departmental communications program on cross cutting operational risk issues, including those relating to shared enablement functions such as Finance, Operations, IT, HR and Risk divisionsMonitor bank’s insurance cover by way of review of the insurance return to ensure that assets are adequately protected against lossesPro-actively identify control deficiencies from Internal Audit, Risk Assurance, Forensics, BCM, incident reports and external sources (those outside of immediate environment) and through gap analysis to ensure ‘fit for purpose remediation by business of any risk exposuresEffective performance and career management of subordinatesMarket RiskIdentify, measure and manage the Banking and Trading book related risk in compliance with market risk policies and procedures through regular reviewMonthly and daily reporting of market risks related deliverables including positions, P&L and limit breaches in accordance established guidelines and daily discussions with traders on changes that may occuredMonitor and escalate breaches of limits, triggers and product mandates including ensuring that limits are aligned to regulatory limitsMantain documentation for inputs into limit setting, limit change requests, limit mandates, product mandates, breach logs and non-adherence to code of conductArrange/attend fortnightly meetings with front office and group market risk team to discuss market risk related issuesPreferred Qualification and ExperienceStrong operational risk experience within financial services/industry (retail, commercial and corporate and investment banking) with working knowledge of banking systems, procedures and controlsBusiness product knowledge, including understanding of financial processes in order to be able to determine their impact on risk and controlFamiliarity with operational risk regulatory environment e.g. Basel II (AMA), Sarbanes Oxley, etc. preferable though not essential)Practical knowledge of how to input, access and utilise information from the network/systems to analyse and forecast trendsA relevant tertiary qualificationBachelor/Master degree, or professional qualifications such as CFA is advantageousComputer literacy (MS Office) Knowledge/Technical Skills/ExpertiseGood understanding of treasury, its products and risk related elementsProject management skills3 years experience working in a busy financial environmentACI Dealing Certificate (s)