Main accountabilities and approximate time split
Operational Risk Framework
40% Expert advice to stakeholders regarding Principal Risks “PR” Scorecards, Risk Events “RE”, Risk & Control Assessments “RCA” Key Risk Indicators “KR”, Key Risk Scenario “KRS”, Key Risk Assessment “KRAS”, Top Risk Methodologies, Insurance, New Product Approval (NPA), Operational Risk Self-Assessment, FSA Assessment and Operational Risk Systems;
Provide adequate support to the organization and accountable executives regarding PR/KR, Self-Assessment for RCA testing and Operational Risk System and ensure quality reports are produced; Proactively highlighting emerging risks, identifying and assessment of material operational risks; Provide the necessary Operational Risk trainings and awareness sessions to BBE staff; Implementation of Enterprise Risk Management Framework; Embedding and executing the concept of Treating Customers Fairly / risk awareness culture. Supporting business to ensure that possible risks were identified by OR team and mitigated as appropriate.
Testing and Technical Support
40% Submission of regular MI as necessary to relevant stakeholders in several committee meetings;
In line with mandate, review and escalate Risk Events as per policy and minimum standards; Ensure that Limit of Risk Authority “LORA” is understood and implemented. Quality Assurance and challenge test results and verify the completeness and adequacy of risk and control assessment of new products, procedures and procedural changes; Submits BASEL Quantitative Impact Studies “QIS” as directed by Central Bank of Egypt on a semi-annual basis. Provide expert advice on risk practices, as outlined in the framework, in the businesses; Guide the businesses (specifically the CEC) in implementing the requirements of the framework and policies, in line with minimum standards. Providing on-going coaching and guidance to and creating awareness amongst first line business and second line functional management. Assist in the migration 2017 tasks.
Relationships / Stakeholders Management
20% % Disseminate Operational Risk policies across the country, providing support and guidance for implementation and ensuring adherence to the policies;
LORA Smooth Flow of Work (RCA / Risk Events) & Dashboard Analysis Take responsibility for influencing the management and KRO’s of their risk profile by e.g. proactively highlighting emerging risks, identifying and assessment of material operational risks they face; Collaborations with all stakeholders during the Operational Risk and Control Committee ‘ORCC’, Subsidiary Audit Committee “SAC” and other relevant committees and forums. Deputize the Head of Operational Risk in different forums and meetings, Control Environment Forum, ORCC, SAC and different governance forums.
Technical skills / Competencies
Profound Banking Background / Out of Box Thinking; Excellent Communication skills / Excellent Business Writing and Reporting skills ; Problem Solving / Conceptual thinking / Integrity / Professionalism; Excellent Risk Assessment and Analytical skills / Excellent Knowledge of measuring operational risk; Investigation / Interviewing skills / Full awareness of market practice, laws & regulation; Quality Conscious/ Accurate and Detail Oriented; Risk identification and loss-causal analysis; Excellent financial and accounting Background.
Knowledge, Expertise and Experience
- University Degree (Accounting / Business / Economics);
- Profound Knowledge of the Bank’s products and services – Corporate Credit knowledge is a plus;
- Excellent Risk Assessment / Analysis;
- Excellent Presentations Skills;
- Excellent Understanding of the Banks operating systems
- Excellent Managerial skills
- Excellent Analytical Skills.
- Ability to work under pressure
- Excellent Investigations and Information gathering
- Minimum of 8 Years of banking experience;
- Profound experience re- retail / corporate flow of work and procedures.
EG-City Stars Building HQ, Al Qahirah , 1 Omar Ibn El Khat
3 Jul 2017