Applications are invited from suitable and qualified candidates for the Position of Head, Operational Risk at Access Bank.
About Access Bank
Access Bank is the largest bank in Nigeria and a leading bank in Africa in terms of customer base. It operates through a vast network of over 600 branches and service outlets across three continents, serving 12 countries and 36 million customers. Access Bank is known for its diverse financial services, encompassing retail and corporate banking, with a strong focus on digital platforms. The bank is committed to promoting sustainable economic growth that is profitable, environmentally responsible, and socially relevant. It is a Nigerian multinational commercial bank, part of the Access Bank Group, and licensed by the Central Bank of Nigeria.
Summary
- Company: Access Bank
- Job Title: Head, Operational Risk
- Job Type: Full Time
- Qualification: BA/BSc/HND/Msc
- Location: Lagos, Nigeria
- Deadline: Not Specified
Job Title: Head, Operational Risk
Job Description
To minimize the Group’s exposure to operational risk by defining, implementing, and ensuring adherence to the approved enterprise-wide operational risk management framework for the identification, assessment, control, monitoring, and reporting of operational risk across the Group and its subsidiaries.
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Key Responsibilities
- Develop and maintain the Group’s Operational Risk Management Framework, policies, procedures, and practices in line with regulatory and global best practices (e.g., Basel requirements)
- Drive the implementation of the Board-approved operational risk strategy and action plan across the Group
- Provide enterprise-wide oversight of operational risk management across all subsidiaries, ensuring alignment with the Group’s vision, strategy, and risk appetite
- Identify emerging and evolving risks arising from business strategy, digital transformation, and operational changes
- Define, review, and recommend operational risk limits and risk appetite metrics for approval
- Formulate and ensure compliance with critical and sensitive operational risk policies across the Group
- Provide industry insights and regulatory intelligence to inform operational risk strategy and decision-making
- Define and oversee the implementation of Key Risk Indicators (KRIs) and monitor frameworks across all subsidiaries
- Develop and implement risk mitigation strategies and control frameworks to address identified risks
- Oversee and ensure the integrity and consistency of the Risk and Control Self-Assessment (RCSA) process across business units
- Drive the development of a strong risk culture and awareness across the Bank
- Oversee the Bank’s economic capital assessment and allocation methodologies for operational risk
- Ensure effective loss data collection, analysis, and reporting to support risk management decisions
- Design and oversee operational risk reporting to Executive Management, Board, and Regulators
- Liaise with Internal Audit, Compliance, and Regulators on operational risk matters
- Perform other functions as assigned by the Chief Risk Officer
See Also:
Requirements for the Position of Head, Operational Risk at Access Bank
Qualifications & Experience:
Mandatory
- First degree or equivalent with recognized professional certifications (e.g., FRM, CFA, ACCA, ACA, CFE, ACAMS, relevant IT/Risk certifications)
- Minimum of 15 years’ experience, with:
- At least 12 years in the Banking Sector
- At least 5 years in a senior management role within Risk Management, preferably Operational Risk
Desirable
- Relevant master’s degree (e.g., MBA, MSc Risk Management, Finance, or related field.
Skills/Competences:
Required Knowledge, Skills and Abilities:
- Strong knowledge of operational risk management frameworks and global best practices (Basel II/III)
- Advanced knowledge of operational risk measurement methodologies (e.g., RCSA, KRIs, loss data, scenario analysis)
- Deep understanding of banking operations (domestic and international)
- Strong knowledge of enterprise risk management frameworks
- Financial analysis and interpretation
- Strong documentation and reporting capability
- Environmental / Industry Analysis
Generic Skills
- Strategic orientation and enterprise thinking
- High integrity and discretion
- Strong analytical and problem-solving capability
- Resilience and sound judgment
- Strong stakeholder management and influencing skills
- Excellent communication (oral and written)
Supervisory Skills
- Strong leadership and team management capability
- Coaching, mentoring, and talent development
- Influencing at Executive and Board level
- Conflict management and stakeholder alignment
- Strong organizational and coordination capability
- General management and administrative oversight
Deadline
Not Specified
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