Head of Risk & Compliance

Job Closed!
Category:Business development
Job Type:Permanent

Job details

Key Responsibilities;


In line with the technical framework developed by the Head of Operational Risk & Compliance, embed Operational Risk Management Framework within specific business line (s).

  • Responsible for the timely identification, assessment, mitigation, reporting and escalation of all identified Operational Risk exposures.
  • Perform risk and control assessments across the business with specific emphasis on defining the risk, inherent and residual, assessment of the design and operating effectiveness of controls and the defining action plans to bring controls effectiveness
  • Conduct workshops with the business for risk and control assessments as per the BU annual RCA plan.
  • Responsible for implementation and execution of Control Self Assessments, including determining relevant controls to be tested, sample sizes, agreed control standards and reporting outcomes
  • Responsible for recording and maintenance of all risks, incidents & issues with quality information in terms of data accuracy, completeness and timely resolution in BarnOwl.
  • Root cause analysis are performed on all identified risk events (issues/incidents/scenarios) with recommended improvements to prevent these risk events from re-occurring in future.
  • Performing a monthly reconciliation between the risk incidents reported and known risk events.
  • Monitoring the implementation of action plans to address qualified risks on the risk and control self-assessments, incidents  and  audit issues
  • Lead the development of  relevant key indicators  and associated appetite thresholds for your business line
  • Monitoring the implementation of action plans to address key risk indicators out of appetite.
  • Analysing identified trends in the key risk indicators reported.
  • Lead operational risk scenario development and stress testing exercises
  • Timely submission of reports to Head of Operational Risk, including and not limited to monthly status reports, Management Risk Committee reports, input to Board papers and adhoc reports.
  • Secretary to the Management Risk Committee Meetings per business line and ensure papers and minutes are circulated in a timely manner
  • In conjunction with BCM manager, perform annual BCP/DR risk analysis, planning, testing or live execution for your specific line of business
  • In conjunction with Compliance manager, monitor BU compliance with specific obligations, including risk and control assessment and support incident management related to compliance failures.  incident perform root cause analysis
  • Primary interface with regulators relating to reporting obligations, regulatory inquiries, and examinations (CMA, RBA, FRC, UFAA, etc)
  • Identify compliance risk and integrate legal/regulatory compliance requirements into written policies/procedures and new product/processes;
  • Undertake / oversee the daily monitoring of adherence to client investment restrictions, and maintaining the accuracy of investment restriction data;
  • Oversee compliance with the code of ethics and business conduct;
  • Develop and implement adequate AML and CTF controls to ensure that all possible areas of AML & CTF concerns are covered;
  • Liaise with L&D to develop staff training programs that build operational risk & compliance awareness
  • Perform any other duties as may be assigned from time to time


Knowledge, experience and qualifications required;
  • Bachelor’s degree in finance, business administration or related field
  • Accreditation in risk management is an added  advantage
  • 5+ years’ experience in risk management, 2-3  years should be in a managerial role.
  • Operational risk management experience in financial services sector is an added advantage.





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Business development Britam 7 months ago