Officer, Control Job Careers - Stanbic Bank

Organisation: Stanbic Bank

Duty Station: Kampala, Uganda

Stanbic

Bank Uganda Limited is a subsidiary of Stanbic Africa Holdings Limited which is

in turn owned by Standard Bank Group Limited (“the Group”), Africa’s leading

banking and financial services group. The Standard Bank Group is the leading

banking group focused on emerging markets. It is the largest African banking

group ranked by assets and earnings. Stanbic Bank Uganda Limited is the largest

bank in Uganda by assets and market capitalization. It offers a full range of

banking services through two business units; Personal and Business Banking

(PBB), and Corporate and Investment Banking (CIB).

Job Summary: The Officer, Control will be responsible for

ensuring best practices of operational risk management across the designated

departments in order to improve the control environment, through oversight and

monitoring of the control environment to mitigate risk in transactions and the

underlying processes.

Key Duties and Responsibilities: 

• The officer is the control Framework (CODAC)
  
  champion responsible for establishing robust, efficient and correctly
  
  calibrated controls to detect, correct and mitigate gaps or failures in
  
  processes performed within the agreed Operations units


• The jobholder will work closely with the
  
  Operations staff within the designated Control areas of responsibility and
  
  accountability to ensure that the staffs are aware of any regulatory
  
  changes and changes required to update procedures, policy and process- in
  
  other words, creating awareness and understanding of the processes
  
  governing the designated control area.


• Responsibility to calibrate, monitor
  
  compliance, report, challenge and validate KRIs, RCSAs and KCIs for the
  
  designated area of control.


• Report and escalate to Manager Ops Governance
  
  any suspected breaches that carry operational, financial, regulatory and
  
  reputational risks.


• Carry out and provide clear Root Cause Analysis
  
  (RCA)  statements for ALL incidents
  
  reported within the given control area clearly identifying the gaps and
  
  verifying and having oversight of measures which will be employed to
  
  mitigate and prevent reoccurrence of the same.


• Follow up on consequence management in detail
  
  for all incidents reported within the stipulated control area and monitor
  
  remedial actions taken.


• Keenly track and collate (internal &
  
  external) audit findings for the given control area, ensure closure on
  
  time and NO repeat audit findings within the respective areas- communicate
  
  any delays related to audit findings where need be – support and take
  
  ownership of actions agreed to close identified.


• Ensure that levels and limits of system
  
  access are well calibrated and controlled.


• Providing all relevant information updates
  
  which aim at strengthening CODAC to the officer in charge of CODAC- play a
  
  back-up role to ensure that CODAC adoption is tracked and monitored.


• Permeate a “control” mind-set across every
  
  corner of the designated control area so as to ensure that Control and
  
  risk themes are adequately understood.


• Actively monitor and identify loss trends and
  
  ensure sustainable solutions are implemented


• Carry out and profile a Risk and Control
  
  self-assessment for all areas of Control, constantly monitor mitigating
  
  checks and provide guidance.


• Actively participate in respective meetings
  
  to ensure that control aspects are fully addressed.


• Support the maintenance of the Business
  
  Continuity Plans for the units assigned and ensures these Plans are regularly
  
  updated.


• Up-Skills oneself regarding new products and
  
  procedures through attendance of workshops/presentations and reading of
  
  internal and external communications.

Qualifications, Skills and Experience: 

• The ideal candidate for the Stanbic Bank
  
  Officer Control job placement should hold a University Degree from a
  
  recognised University


• At least two to five years’ experience in the
  
  operations control or risk control environment


• Broad knowledge, awareness and appreciation
  
  of industry standards in respect of operational control and experience of
  
  having practically aligned control processes to these standards.


• Significant experience and exposure to
  
  regulators, internal and external audit functions and a good understanding
  
  of the regulation that directs operational processes. 


• Extensive knowledge of operations control
  
  processes and techniques


• Detailed knowledge of the bank’s products and
  
  processes


• Utilise, develop and implement systems and
  
  processes to capture, manage and distribute up-to-date, accurate and
  
  readily accessible knowledge and information to a wide range of
  
  stakeholders.


• Broad knowledge and understanding the broader
  
  business environment in which you work throughout the different levels of
  
  Operations and the entire organization, as a whole.


• Comprehensive understanding of banking
  
  transaction processes relevant to the designated area of control


• Knowledge of cost management principles and
  
  practices


• Knowledge of the applicable legislation

All

candidates who wish to join the one of Africa’s biggest Banking Groups,

Standard Bank in the aforementioned capacity are encouraged to Apply Online by

visiting Link below.

Deadline: 12^th April, 2016