Head, Operational Risk at Access Bank PLC

Lagos, Lagos State, Nigeria -

Full Time

Start Date

Immediate

Expiry Date

14 Jul, 26

Salary

0.0

Posted On

15 Apr, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Operational risk management, Risk framework development, Basel II/III, Risk and control self-assessment, Key risk indicators, Banking operations, Enterprise risk management, Financial analysis, Regulatory compliance, Strategic planning, Stakeholder management, Leadership, Team management, Conflict management, Problem-solving, Communication

Industry

Banking

Description

To minimize the Group’s exposure to operational risk by defining, implementing, and ensuring adherence to the approved enterprise-wide operational risk management framework for the identification, assessment, control, monitoring, and reporting of operational risk across the Group and its subsidiaries. Key Responsibilities Develop and maintain the Group’s Operational Risk Management Framework, policies, procedures, and practices in line with regulatory and global best practices (e.g., Basel requirements) Drive the implementation of the Board-approved operational risk strategy and action plan across the Group Provide enterprise-wide oversight of operational risk management across all subsidiaries, ensuring alignment with the Group’s vision, strategy, and risk appetite Identify emerging and evolving risks arising from business strategy, digital transformation, and operational changes Define, review, and recommend operational risk limits and risk appetite metrics for approval Formulate and ensure compliance with critical and sensitive operational risk policies across the Group Provide industry insights and regulatory intelligence to inform operational risk strategy and decision-making Define and oversee the implementation of Key Risk Indicators (KRIs) and monitor frameworks across all subsidiaries Develop and implement risk mitigation strategies and control frameworks to address identified risks Oversee and ensure the integrity and consistency of the Risk and Control Self-Assessment (RCSA) process across business units Drive the development of a strong risk culture and awareness across the Bank Oversee the Bank’s economic capital assessment and allocation methodologies for operational risk Ensure effective loss data collection, analysis, and reporting to support risk management decisions Design and oversee operational risk reporting to Executive Management, Board, and Regulators Liaise with Internal Audit, Compliance, and Regulators on operational risk matters Perform other functions as assigned by the Chief Risk Officer Qualifications & Experience Mandatory First degree or equivalent with recognized professional certifications (e.g., FRM, CFA, ACCA, ACA, CFE, ACAMS, relevant IT/Risk certifications) Minimum of 15 years’ experience, with: At least 12 years in the Banking Sector At least 5 years in a senior management role within Risk Management, preferably Operational Risk Desirable Relevant master’s degree (e.g., MBA, MSc Risk Management, Finance, or related field. Skills/Competences Required Knowledge, Skills and Abilities: Strong knowledge of operational risk management frameworks and global best practices (Basel II/III) Advanced knowledge of operational risk measurement methodologies (e.g., RCSA, KRIs, loss data, scenario analysis) Deep understanding of banking operations (domestic and international) Strong knowledge of enterprise risk management frameworks Financial analysis and interpretation Strong documentation and reporting capability Environmental / Industry Analysis Generic Skills Strategic orientation and enterprise thinking High integrity and discretion Strong analytical and problem-solving capability Resilience and sound judgment Strong stakeholder management and influencing skills Excellent communication (oral and written) Supervisory Skills Strong leadership and team management capability Coaching, mentoring, and talent development Influencing at Executive and Board level Conflict management and stakeholder alignment Strong organizational and coordination capability General management and administrative oversight

Responsibilities

The Head of Operational Risk is responsible for developing and implementing an enterprise-wide operational risk management framework to identify, assess, and mitigate risks across the Group. This role involves providing oversight to subsidiaries, ensuring regulatory compliance, and driving a strong risk culture throughout the organization.