Operational Risk Analyst
- Recruiter
- Zenith Bank Limited.
- Location
- The City, UK
- Salary
- Competitive salary
- Posted
- 16 Jul 2021
- Closes
- 27 Jul 2021
- Ref
- 2287286750
- Job role
- Compliance/risk
- Sector
- Accounting - Public practice
About Us:
Zenith Bank (UK) Limited (ZUK) is a subsidiary of Zenith Bank PLC, one of the top banks in Nigeria. The bank was set up with a clear strategy to leverage trade and investment flows between Nigeria and Europe, by providing intermediary banking services and facilities for trade-related working capital and capital expenditure.
Zenith Bank recognizes the importance of leveraging a highly skilled workforce to achieve its strategic and operational goals. The bank is committed to providing an environment that is conducive for effective performance by availing all staff the necessary learning opportunity. We value the well-being of our staff and we encourage them to strike a balance between their work and personal lives, thereby creating a healthy atmosphere for personal development and career success.
With the introduction of new services here in the UK and our unparalleled knowledge of business with Africa, our 5 year strategy ensures "Controlled Growth" as we aim to become the Bank of choice for businesses wishing to transact in the African continent.
Role Overview:
The Operational Risk team is required to lead and promote a positive culture of learning and continuous improvement by promoting "Do it once, Do it right" across the Bank. The aim being to drive the bank towards operational excellence, appropriate innovation and efficiency.
All the activities within Operational Risk team need to be fulfilled with this broad objective in mind.
The role of Operational Risk Analyst supports the Operational Risk team in the identification, monitoring, escalation and remediation of Operational Risk items at Zenith Bank UK.
Role Responsibilities:
Identification
Monitoring
Remediation
Additional responsibilities
In addition to the responsibilities listed above the Operational Risk Analyst is required to comply with the FCA/PRA's Individual Conduct Rules, as outlined below.
Skills/Knowledge Required:
Software Knowledge required:
Specific knowledge desirable/not necessarily required:
Zenith Bank (UK) Limited (ZUK) is a subsidiary of Zenith Bank PLC, one of the top banks in Nigeria. The bank was set up with a clear strategy to leverage trade and investment flows between Nigeria and Europe, by providing intermediary banking services and facilities for trade-related working capital and capital expenditure.
Zenith Bank recognizes the importance of leveraging a highly skilled workforce to achieve its strategic and operational goals. The bank is committed to providing an environment that is conducive for effective performance by availing all staff the necessary learning opportunity. We value the well-being of our staff and we encourage them to strike a balance between their work and personal lives, thereby creating a healthy atmosphere for personal development and career success.
With the introduction of new services here in the UK and our unparalleled knowledge of business with Africa, our 5 year strategy ensures "Controlled Growth" as we aim to become the Bank of choice for businesses wishing to transact in the African continent.
Role Overview:
The Operational Risk team is required to lead and promote a positive culture of learning and continuous improvement by promoting "Do it once, Do it right" across the Bank. The aim being to drive the bank towards operational excellence, appropriate innovation and efficiency.
All the activities within Operational Risk team need to be fulfilled with this broad objective in mind.
The role of Operational Risk Analyst supports the Operational Risk team in the identification, monitoring, escalation and remediation of Operational Risk items at Zenith Bank UK.
Role Responsibilities:
Identification
- Supporting the Senior Assistant Manager with the Risk Control Self-Assessment (RCSA) process, maintaining reports within the Bank's Operational Risk framework of issues and actions; tracking actions to completion and challenging the business on the information captured to ensure matters are clear and easily interpreted.
- Working with colleagues across the bank in a coordinated and consistent approach to both the application of the operational risk discipline and resolution of operational risk issues.
- Ensure that the Operational Risk framework is kept up to date with Risk Registers, KRI's and Risk Events.
Monitoring
- Provide relevant and accurate MI on the operational risks in the business units.
- Maintain and update the Risk Department's internal Procedures and Policies, in conjunction with the Senior Assistant Manager and the Manager.
- Enhancement and automation of risk reports and tools with Excel functions, SharePoint and VBA where appropriate.
- Assist with the gathering and analysis of KRI management information to identify areas of risk in ZBUK's business activities, working with the business to ensure that appropriate action is taken.
- Produce reports for EXCO, Board Risk Committee and the Board.
Remediation
- As a second line of defence, provide expert guidance and facilitate/consult effectively to bring the organisation together to find the best solutions to problems. Lead the solutions process and ensure stakeholders witness a competent and influential/proactive approach to problem solving.
- Additional responsibilities
- Keeping up to date with industry best practice and regulatory developments where this affects the risk management of the organisation particularly with respect to operational risk.
- Develop identification and monitoring on all aspects of Operational Risk including - Cyber, IT Security, Projects, Compliance, Financial Crime & Conduct Risk
- To assist with other analytical and project work and ad hoc duties assigned to them
- Manage and prioritize own workload.
Additional responsibilities
- Keeping up to date with industry best practice and regulatory developments where this affects the risk management of the organisation particularly with respect to operational risk.
- Develop identification and monitoring on all aspects of Operational Risk including - Cyber, IT Security, Projects, Compliance, Financial Crime & Conduct Risk
- To assist with other analytical and project work and ad hoc duties assigned to them
- Manage and prioritize own workload.
In addition to the responsibilities listed above the Operational Risk Analyst is required to comply with the FCA/PRA's Individual Conduct Rules, as outlined below.
Skills/Knowledge Required:
- 2-3 years of Operational Risk experience.
- Good understanding of risks and controls and banking products and processes
- Attention to detail - to pick up on errors and produce accurate work
- Driven, ambitious, self-starter who can grasp a concept quickly and deliver a reasoned investigation and analysis.
- Grasp of the reasons for a strong control environment and operates with this mentality
- Experience of, or significant exposure to, working in a Trade Finance environment
- Knowledge of Regulatory practices within Finance desirable
- Personable and approachable to all levels of employees
- Knowledge of Basel II, Basel III, Risk and Capital requirements
- Good understanding of the principles of risk management and risk management techniques
Software Knowledge required:
- Microsoft Office package MS Excel Advanced (Essential) SharePoint (Desired) VBA (Desired)
- MS Word and MS Outlook
- Temenos (T24)
Specific knowledge desirable/not necessarily required:
- IT framework, Cyber risk and Project management knowledge
- Accounting knowledge
- Interest Rate Futures, Foreign Exchange, Interest Rate Swaps, Bonds and CDs, Wholesale Money Market and Trade Finance Products