Principal Operational Risk Officer at African Development Bank

Job Description

Operational Risk Management

• Assist in planning, managing, and providing ongoing support for the implementation of the Bank’s operational risk management framework;
• Assist in providing guidance and support to business and support units to ensure the successful management, identification, measurement and monitoring of the bank’s operational risk;
• Facilitate Risk and Control Self-Assessment (RCSAs) workshops for business units within the Bank, working with them to identify and monitor relevant Key Risk Indicators;
• Assist business units in developing Key Risk Indicators (KRI) for all key risks in the business and creation and reporting of KRI including thresholds in in the risk dashboard;
• Follow up with business units to design and implement controls and action plans that mitigate operational risks, thereby ensuring the effective running of the Bank’s business;
• Analyze operational risk incidents
•  Prepare operational risk reports to management
• Any other related activity 

Internal Control over Financial Reporting (ICFR)

• Assist in designing and preparing the Bank’s annual internal control work program using the COSO internal control framework and the Control Self-Assessment (CSA) process;
• Assist in periodic risk assessment exercise which identifies key financial statement processes, key risks embedded in those processes and key controls mitigating those risks, as a basis for designing annual control test plans and remediation plans;
• Champion the update of internal control documentation, perform walkthrough of controls and test key controls as part of the annual internal control attestation process;
• Design risk and control matrix for key business processes based on which a risk assessment exercise is conducted to determine key controls to be periodically tested;
• Use designed test scripts to test key controls identified during the risk assessment exercise and compile results of periodic tests of controls, working with business units to remediate ineffective controls; 
• Report on the periodic review of control effectiveness by business units throughout the Bank and monitor the completion of internal control enhancement plans by organizational units throughout the Bank;
• Liaise with external auditors in certifying the effectiveness of the Bank’s internal controls over financial reporting as part of the annual audit of the Bank’s financial statements;
• Any other related activity 

Requirement/Skills

• Master's degree or equivalent in Accounting, Finance, Audit, Business Administration, or Economics; membership of an internationally recognized professional accounting body e. g. CA, CPA, ACCA, CIA, CISA or Expert Comptable is an advantage
• A minimum of six (6) years of relevant professional experience, including audit/public accounting experience with a reputable firm and corporate financial reporting and controls systems;
• Knowledge and understanding of analysis of business processes, planning, work programming, budgeting and financial management
• Strong demonstrated experience in handling operational risk management as well as technical accounting and financial reporting issues
• Team working and interpersonal relations, Responsiveness and timeliness, Communication,   Client Orientation and Problem solving
• Demonstrate an understanding of the COSO Integrated Internal Control framework and Operational Risk Management methodology
• Ability to work with little or no supervision in a multi-cultural environment and build effective working relations with clients and colleagues
• Ability to operate effectively in a demanding environment with tight deadlines, both with clients as with team members, requiring significant influence skills
• Fluency in English and/or French, with a good working knowledge of the other language.
• Competent in Bank’s standard software, including Word, Excel, Access, Visio, PowerPoint, and SAP, SUMMIT.