Description

Tropical Bank is hiring a Operational Risk Officer to support the Senior Operational risk officer in developing and managing a robust Operational Risk management framework to Identify, measure, coordinate, and manage the Bank’s Operational risk and ensure compliance with the regulatory requirements.

Key Duties and Responsibilities:

• Support in developing and implementing the operational risk management and incident reporting frameworks within the Bank, as per approved Policy and regulatory requirements, and contribute to identifying, assessing, monitoring, and controlling operational risk.
• Build operational risk cartographies, ensure that the business owns them, and promote risk culture within the bank.
• Gather, Identify, and review relevant operational risk data to be shared with other risk functions to facilitate monitoring operational risk within the Bank.
• Monitor and manage exposure to market risks such as interest rate, foreign exchange, and investment risks.
• Develop and implement risk mitigation strategies and action plans to reduce or manage identified operational risks.
• Communicate the bank’s operational risk management policies and procedures to all employees
• Monitor and track key risk indicators, prepare regular reports, and report to the Senior Operational Risk Officer
• Attend incidents timely as per approved Policy while respecting regulatory requirements to contribute to identifying, assessing, monitoring, and controlling operational risk.
• Keep pace with changes in the industry and developments in best practices in operational risk management.
• Develop and maintain an incident management system to ensure that all incidents are reported to the Risk Management Department within 24 hours of the incident occurring or receiving the incident reports.
• Lead the bank’s response to risk events and crises, ensuring a coordinated and effective response.
• Conduct post-event analysis to identify lessons learned and improve future risk management practices.
• Comply with AML/CFT/CPF policies and procedures, non – compliance of which shall be addressed as per the bank disciplinary processes.
• Any other duty as shall be assigned to you from time to time.

Qualifications, Skills and Experience:

• Bachelor’s Degree in Finance, Business, or a related field
• Minimum of 2 years of banking experience
• A strong understanding of banking processes and operations
• Ability to influence a culture of risk awareness in a bank.
• Ability to lead and exercise authority through expertise and experience.
• Excellent communication and presentation skills.
• Strategic and dynamic thinking.
• Stakeholder and Relationship Management skills
• High ethical standards and integrity.
• Neutrality and independence of judgment
• Team player
• Proficiency in English Language and any other local language preferably Luganda particularly for explanatory purposes to Bank customers who do not understand the English Language

• Support in developing and implementing the operational risk management and incident reporting frameworks within the Bank, as per approved Policy and regulatory requirements, and contribute to identifying, assessing, monitoring, and controlling operational risk.
• Build operational risk cartographies, ensure that the business owns them, and promote risk culture within the bank.
• Gather, Identify, and review relevant operational risk data to be shared with other risk functions to facilitate monitoring operational risk within the Bank.
• Monitor and manage exposure to market risks such as interest rate, foreign exchange, and investment risks.
• Develop and implement risk mitigation strategies and action plans to reduce or manage identified operational risks.
• Communicate the bank’s operational risk management policies and procedures to all employees
• Monitor and track key risk indicators, prepare regular reports, and report to the Senior Operational Risk Officer
• Attend incidents timely as per approved Policy while respecting regulatory requirements to contribute to identifying, assessing, monitoring, and controlling operational risk.
• Keep pace with changes in the industry and developments in best practices in operational risk management.
• Develop and maintain an incident management system to ensure that all incidents are reported to the Risk Management Department within 24 hours of the incident occurring or receiving the incident reports.
• Lead the bank’s response to risk events and crises, ensuring a coordinated and effective response.
• Conduct post-event analysis to identify lessons learned and improve future risk management practices.
• Comply with AML/CFT/CPF policies and procedures, non – compliance of which shall be addressed as per the bank disciplinary processes.
• Any other duty as shall be assigned to you from time to time.

• A strong understanding of banking processes and operations
• Ability to influence a culture of risk awareness in a bank.
• Ability to lead and exercise authority through expertise and experience.
• Excellent communication and presentation skills.
• Strategic and dynamic thinking.
• Stakeholder and Relationship Management skills
• High ethical standards and integrity.
• Neutrality and independence of judgment
• Team player
• Proficiency in English Language and any other local language preferably Luganda particularly for explanatory purposes to Bank customers who do not understand the English Language

• Bachelor’s Degree in Finance, Business, or a related field
• Minimum of 2 years of banking experience