We are recruiting to fill the position below:
Job Title: Cash Management Operations Manager
Job ID: 519390
Location: Victoria Island, Lagos
Job Function: Technology & Operations
Regular/Temporary: Permanent
Full/Part Time: Full time
Job Purpose
- Assist Unit Head in coordinating, driving and directing effective compliance and operational risk management at the Business Unit level.
- Implement controls within the Business Unit to meet all regulatory and internal requirements
- Ensure proper functioning of day-to-day controls, periodic monitoring activities and timely resolution of risk issues.
Operational Risk (OR) Organization:
- Ensure OR objectives for the year are communicated to and adopted by RPs in their JOs & JDs
- Ensure OR toolkits are embedded within the business (KRI, Phoenix Risk & Loss Module, ORF Optial)
- Disseminate internal policies, regulatory requirements and other OR related communication to the unit in a timely fashion
- Develop / update procedures for compliance and management of operational risk in a timely fashion
- Coordinate and/or undertake periodic self-assessments within the unit
- Undertake periodic OR review assessment on high-risk processes, as required
- Facilitate implementation of OR initiatives for the business unit
- Review OR issues reported by the unit for completeness and accuracy
- Coordinate and consolidate OR issues and loss reporting in Phoenix for prompt escalation to OR Committees
- Ensure significant risks issues (including issues highlighted by Group Internal Audit, external audit, regulators and compliance reviews) are addressed in an adequate and timely fashion
- Source of reference within the business unit in facilitating and promoting the understanding of OR
- Be involved in the risk analysis of a complaint as it could indicate a process-weakness or control breakdown.
- Ensure that all significant OR issues are escalated as required by policy in a timely fashion.
- Double-hat or act as a backup for Head, CMO
- Performance of BKCSA, GKCSA on Optial before due date (if available) and submission of FORC papers promptly to R&C.
- Reviewing of COPMan checks carried out by Cash Operations RP. Exceptions noted to be escalated to Head Cash Operations and R&C.
- Monthly surprise checks using the agreed UORM checklists to ensure adherence.
- May act as Unit Money Laundering Prevention Officer
- Assist BMLPO in ensuring appropriate internal controls and procedures for Money
- Laundering are in place, working as intended and documented
- Assist in the investigation of financial crime risks, where appropriate
- Review and evaluate SAR raised by business for escalation to BMLPO/CMLPO
- Source of reference for MLP related issues and interpretation of policy / regulatory requirements
- Be aware of and comply with Group Policy, Local Laws and Regulations relating to the prevention of Money Laundering and Terrorist Financing
- Review new/changed regulatory or policy requirements and consult L&C / ORO on application of regulatory requirement (where necessary)
- Work with RPs, BUH and ORO on control measures and monitoring plan within stipulated timeframe
- Review the quality of the business monitoring and work together with the unit reps to increase quality of monitoring
- Follow up on system triggered reminders on overdue monitoring items (review root cause of items falling due)
- Maintain an updated Country user list. Communicate any additions or deletions of users and user access issues with HUSA
- Source of reference for minor Optial system issues
- Coordinating BCP efforts for the Business Units within responsibility
- Review ad hoc (risk based) review reports on level of testing at BCP site
- Review ad hoc (risk based) review reports on adequacy / efficiency of BCP resource
- Conduct risk-based ad-hoc reviews together with ORM (where necessary)
- Act as a coordinator for internal/external auditors and compliance reviewers at the business unit level
- Review report on OR/compliance findings and work together with the business unit to close gaps identified.
- Act as a coordinator in the Business Unit in facilitating and promoting understanding and management of OR by identify training needs on Compliance and OR
- Schedule training calendar according to theme [eKYC, MLP, OR, Compliance, Optial, Phoenix etc]
- Coordinate training effort with bank-wide training plan (where necessary)
- Conduct OR training either as lead or co-facilitator
- Conduct risk awareness training for new policies, procedures and related issues.
- Source for and prepare OR training programmes and materials and customize according to business needs
- Compute and compile for submission daily, weekly and monthly reports of business volumes, KPI and KRI.
- Compile for submission all metrics and ad hoc requests from Group and other major stakeholders.
- Daily review of all open items in Nostro and Suspense accounts with a view to ensuring there are no over-aged items.
- Escalation of all Level 2 and 3 items to the Unit Head.
- Monthly proof of account submission to finance via FCS.
- A minimum of a second class Degree in any relevant course.
- Minimum 8 years banking experience in operations.
- Sound knowledge of basic banking operations.
- Understanding of CBN Forex regulations relating to Trade and Exchange.
- Sound knowledge of SCB payment and collection policies.
- Supervisory skills.
- Good communication and PC skills.
Not Specified.
How to Apply
Interested and qualified candidates should:
Click here to apply online