Specialist; Operational Risk (1 Position(s))
Job Location :
Head Office, Hq
Job Purpose:
To support the implementation and execution of the Operational Risk Management Framework across the bank by identifying, assessing, monitoring, and reporting operational risks, and advise proactive risk management practices.
Main Responsibilities:
Risk Assessment, Analysis & Reporting
- Drive and support the identification and management of operational risks daily and act as a source of reference in facilitating and promoting the understanding of Operational Risk requirements.
- Support business in the creation, maintenance, and enhancement of Risk Registers.
- Facilitate the identification, setup, and calibration of Key Risk Indicators (KRIs). Analyze and validate reported KRI results and ensure that identified control improvements are reflected in business risk registers.
- Review and validate reported risk events, map associated control failures/improvements and ensure integration into risk registers.
- Analyze, reconcile, and validate operational loss data. Monitor progress and validate closure of remedial action plans to prevent recurrence.
- Coordinate and track remedial actions arising from RCSAs, risk events, KRIs, and other reviews
- Conduct independent risk assessments for departments and key processes, ensuring coverage of emerging risks.
- Support implementation of the Operational Risk Management Framework, policies, and initiatives.
- Support the identification and assessment of sustainability risks, including climate-related financial risks such as physical, and transition risks.
- Contribute to the integration of ESG risk factors into operational risk assessments, risk registers, and RCSAs.
- Monitor and analyze climate-related operational loss events, escalating systemic issues and contributing to mitigation strategies.Management Information (MI) & Analytics
- Develop and maintain dashboards and automated MI reports for key stakeholders, including risk governance forums such as RCC and the Board.
- Analyze raw data from the GCM system, transforming it into meaningful reports and visualizations for business units and governance committees.
- Contribute to the development of a centralized Operational Risk MI repository to improve accessibility and usability of risk data.
- Provide input into risk appetite monitoring by tracking key metrics and breaches.
- Ensure timely and accurate production of all scheduled and ad hoc Operational Risk MI reports.
- Support regulatory reporting and internal audit reviews by supplying relevant data analysis and metrics.
- Track and report on key ESG-related operational risk indicators, including data related to climate events, environmental compliance breaches, and reputational risks.
- Contribute to the development of dashboards or reports related to climate risk exposure and sustainability metrics for risk committees and regulators.Advisory & Guidance
- Develop and maintain strong relationships with business units and key stakeholders to understand their risk profile and support proactive risk management.
- Advise and guide business units on operational risk management best practices
- Collaborate with business units in developing effective risk mitigation plans aligned with the bank’s overall risk management strategy.
- Assist in facilitating risk-related discussions and decisions across various forums, supporting the integration of risk insights into business processes.
- Conduct awareness and training sessions to embed a strong risk culture throughout the organization.
- Provide regular updates to the Senior Manager, Operational Risk on key issues, emerging risks, and areas for continuous improvement.
- Provide support and guidance to business units in understanding and mitigating operational risks related to climate change and sustainability practices.
- Assist in aligning internal practices with regulatory expectations and best practices in ESG and climate risk governance (e.g., BoT 2025 Guidelines, ISSB, TCFD).
- Collaborate with ESG, Sustainability, or Risk Policy teams to strengthen the banks climate resilience and sustainable risk culture.
- Conduct awareness and training sessions on climate and ESG risks as part of broader operational risk training.
Knowledge and Skills:
- In-depth understanding of operational risk principles, practices, and frameworks.
- Good knowledge of end-to-end banking processes, products, and services, including their inherent operational risks.
- Proficiency in risk assessment tools and techniques.
- Knowledge of how to extract, clean, analyze, and interpret operational risk data to generate risk insights and trends.
- Familiarity with regulatory expectations regarding operational risk management.
- Understanding of internal control design, testing, and monitoring principles, and how they relate to operational risk.
- Strong analytical and problem-solving skills; ability to interpret complex data and present it in a clear, concise manner.
- Proficiency in Excel, Power BI, or other data visualization tools. Knowledge of SQL, Python, or other data analysis tools is a plus.
- Excellent report writing, presentation, and communication skills.
- High level of attention to detail and commitment to accuracy.
- Ability to work collaboratively and influence cross-functional teams.
- Strong organizational skills with the ability to manage multiple priorities.
Qualifications and Experience:
- Bachelor’s degree in risk management, Finance, Accounting, Economics, Information Systems, or a related discipline.
- Professional certifications such as CPA, ACCA, FRM, or Operational Risk certifications are an added advantage.
- Minimum of 3–5 years of relevant experience in operational risk, internal audit, enterprise risk management, or risk data analysis within the banking or financial services sector.
- Solid understanding of operational risk frameworks, RCSAs, KRIs, loss event reporting, governance and assurance reviews.
- Proven experience in data analysis, risk reporting, and use of risk management systems/tools.
- Experience in preparing reports and dashboards for senior management and governance committees.
- Familiarity with regulatory requirements and risk management standards (e.g., Basel II/III).NMB Bank Plc is an Equal Opportunity Employer. We are committed to creating a diverse environment and achieving a gender balanced workforce.
Female candidates and people living with disabilities are strongly encouraged to apply for this position.NMB Bank Plc does not charge any fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.Only shortlisted candidates will be contacted.
Job opening date : 26-May-2025
Job closing date : 09-Jun-2025
How to Apply:
This is Full-time Job, To submit your application, please follow the link provided below.
