Team Lead Risk Monitoring and Loss Data Management Job At Union Bank

Union Bank UK plc, a UK incorporated bank, is a wholly-owned subsidiary of the Union Bank of Nigeria plc, one of the oldest and most respected banks in West.

Job Position: Team Lead Risk Monitoring and Loss Data Management

Job Location: Lagos

  • Gather, obtain and collate all the records and reports of operational risk incidents that occur in the Bank.;
  • Design and maintain a loss database 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.

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