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Head, Operational Risk Management At Sigma Qualitas

Date Posted: 10/May/2014
Deadline: 12/May/2014

Sigma Qualitas is recruiting to fill the position of:

Head, Operational Risk Management

Job Description:
Resposible for the management of Operational Risks across the group: loss arising from failed or inadequate internal processes, systems, people and external events with the sole objective to reduce operational risk to bearest minimum within the group’s risk profile and in alignment with the corporate strategy.

Duties & Responsibilities

  • Establish the group’s company operational risk framework and provide independent oversight ensuring compliance with the requirements of the framework, related Policy(s) and guidance documents.
  • Define Operational Risk Appetite explicitly or implicitly to communicate what level of risk is acceptable to each business line
  • Support business units, control and support functions in the identification of operational risk issues as well as designing controls to mitigate them
  • Define operational limit and appetite for the group (policy development)
  • Develop standard methodologies to conduct risk assessments across the group; mitigate identified control weaknesses through the creation of appropriate action plans
  • Develop appropriate Key Risk and Control Indicators for Business Units; subsequently monitor and reporting of KRIs to proactively identify exposures or control weaknesses
  • Promote awareness of operational risk issues group wide
  • Ensure identification, aggregation and monitoring of operational loss events
  • Ensure the effective implementation of group’s operational risk management framework

Key Performance Indicators

  • Identify and Quantity operational risks across the group
  • Developed Weighted Average Risk Rating and begin to measure
  • Implement Risk Reporting on Operational Risks across the group
  • Fully developed CSRA program group-wide
  • Working KRI program group-wide
  • Timeliness in meeting deadlines and schedules

Job Requirements

  • Minimum Education: First Degree preferably in a Finance or an engineering/numerate related discipline;
  • higher degrees /MBA/professional certifications compulsory

Key Competency Requirements

  • Deep Knowledge of creating and executing policies and procedures.
  • Up to date Risk management practices and industry knowledge
  • Process analysis: Core Business Processes


  • Interpersonal skills
  • Strong ability to develop relationships with peers in business unit and central Risk Governance teams
  • IT and Computer appreciation
  • Excellent written and Communication skills (written and oral)
  • Must be self solution driven, proactive and have acceptable knowledge of the business environment
  • Attention to detail
  • Reasoning and Analytical Skills
  • Supervisory skills

Reporting Relationships

  • Functionally reports
  • Group Chief Risk Officer
  • Administratively reports to
  • Same as above
  • Supervises: A total of 1 staff comprising;
  • Analyst Operational Risk management

Method of Application
Required with your submitted CV are the following; your current earning information and your DOB. Your contact details should contain active phone numbers and email addresses. Review your CV every time you make a submission, one CV does not fit all jobs. Kindly note that we need the subject matter of your response to contain the Job Title you are interested in, the file type must be PDF or DOCX, the preference being word documents, any response that contains a file name such as “My CV or My Resume” cannot be treated. All submissions are to be made to: [email protected]

Please note: Short listing is based on the requirements in the given job descriptions above such as; qualifications required, years of experience, technology and industry exposure. All candidates for the list positions MUST have relevant and required work experience.

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