
Risk Management Director
1 day ago
Job Description
The Head of Operational and Fraud Risk Management plays a critical role in safeguarding the institution's assets and reputation. The successful candidate will be responsible for developing and implementing strategies to minimize operational risks and prevent fraud.
Key Responsibilities
Operational Risk Management:- Establish and maintain an effective ORM framework with KRIs.
- Implement preventive measures to reduce operational risk events.
- Ensure business continuity plans are up-to-date and tested.
- Develop and implement proactive measures to detect and prevent fraud.
- Measure and report fraud cases detected and monetary value prevented.
- Achieve sustained reduction in fraud incidents.
- Measure average investigation time and closure rate.
- Track accuracy of investigations resulting in confirmed fraud cases.
- Conduct regular risk assessments to ensure comprehensive coverage.
- Implement recommended risk mitigation measures.
- Maintain regulatory compliance.
- Develop the operational and fraud risk team through training and development opportunities.
- Monitor team satisfaction and engagement.
- Conduct periodic performance evaluations.
- Submit timely, accurate investigation and risk reports.
- Maintain accurate records and documentation.
- Monitor report quality.
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