Operational Risk Analyst - SIPML At Stanbic IBTC Bank

Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.

Stanbic IBTC Bank values original thinkers with genuine insight and the team commitment that will help our clients outperform the market. As Africa’s largest and most respected bank, our Global Markets division offers you an outstanding opportunity to rapidly develop your banking talents. You will work across a range of financial instruments, operating within very different markets and countries.
Our ambitious plans now mean we are looking for a highly experienced Fixed Income Trader

Stanbic IBTC Bank is recruiting to fill the vacant position:

Operational Risk Analyst - SIPML

Position Description
Purpose of the Job
Operational Risk Analyst has the responsibilty to ensure that the operational risks the Company is exposed to are well captured in the risk universe and that there are adequate mitigants in place to ensure the realisation of the operational objectives of the organisation.


Key Responsibilities/Key Result Areas:

The Operational Risk Analyst has responsibilities to the following key stakeholder groups:
The Company:
• Evaluating key business functions and processes for risk
• Undertaking risk assessment exercise for the purposes of profiling and improvements
• Monitoring KRIs and suggesting new KRIs for risk profiling
• Assessing the probability and impact of individual risk on the Company and
• Assessing the people, system, and internal control elements of operational risk

Business Unit Heads/Leaders
• Monthly reporting of Evaluated risks
• Monthly review of operational units processes
• Review of operational manual

Employees:
• Encouraging risk management culture amongst staff
• Promoting the culture of incidence reporting
• Needing to work through issues with colleagues to provide workable solutions

Risk Management Department
• Ensure that reports fed from operational management are well integrated into the risk management report


Key Performance Measures
• Keeping tab on key operational issues to the extent that mitigants are always provided
• Carry out review on business functions
• Improve policies and procedures reflecting best practices.

Important Relationships
Business Unit Heads within Wealth Group, Employees of Wealth Group, Other employees of Stanbic IBTC.

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