Team Lead, Risk Monitoring and Loss Data Management Job at Union Bank Plc

Union Bank of Nigeria (“UBN”) was established in 1917 and is one of Nigeria’s long-standing and most respected financial institutions, offering a portfolio of banking services to individuals, SMEs, commercial and corporate clients. With a robust geographical network comprising more than 300 service centres and over 950+ ATMs spread across Nigeria, we have remained committed to helping individuals, families and businesses grow for nearly a century.

We are recruiting to fill the position below:

Job Position: Team Lead, Risk Monitoring and Loss Data Management
Job Location: Lagos

Job Details

• Gather, obtain and collate all the records and reports of operational risk incidents that occur in the Bank.;
• Design and maintain a loss data base for both internal and external (with emphasis on fraud) operational risk losses.
• Review, analysis and report on the operational risk profile of the bank to Board and Senior Management.
• Compute the operational risk capital charge for the Bank.
• Design and maintenance of a key risk indicator dashboard for the Bank. This also includes regular update and review of thresholds set for the indicators.
• Track, monitor and report on all key risk indicators to Board and Senior Management.
• Responsible for providing the requisite information and data required for management of operational risks in the respective branches and departments.
• Ensure the Bank has a robust loss data capturing process from internal and external sources, which meets regulatory requirements in terms of quantity and quality to implement the advanced capital charge calculation methodologies.
• Make available requisite data/information from various sources at the branch/department on a periodic basis.
• Input details of loss events identified at the branch/department in the respective formats or ORM systems and submit for approvals as per the laid down policy for loss event capture.
• Identify and capture external events data that are relevant to the Bank’s operational risk measurement or modelling.
• Ensure resolution of action plans for relevant risks identified as high.
• Responsible for providing the requisite information and data required for management of operational risks in the respective branches and departments.