Operational Risk Monitoring & Reporting Officer

10 Minutes ago • All levels

Job Summary

Job Description

Kuda is a money app for Africans aiming to make financial services accessible and rewarding. This role focuses on identifying, assessing, and mitigating risks while addressing emerging threats. Responsibilities include developing and reviewing Key Risk Indicators (KRIs), conducting risk assessments, analyzing results, reviewing risk registers, ensuring industry best practices for data analysis, facilitating training programs, conducting scenario analysis, performing environmental scanning, identifying strategic risks, preparing reports, and promoting risk management knowledge.
Must have:
  • Develop and review Key Risk Indicators (KRIs)
  • Conduct product and process risk identification and assessment
  • Develop questionnaires and analyze RCSA results
  • Ensure best industry practices for data analysis
  • Facilitate Bank-wide ORM training and sensitization programs
  • Conduct scenario analysis in line with the Scenario Analysis Framework
  • Prepare reports for MRC and BRMC presentations
  • Anchor ORMC meetings

Job Details

Summary
Kuda is a money app for Africans on a mission to make financial services accessible, affordable and rewarding for every African on the planet.

We’re a tribe of passionate and diverse people who dreamed of building an inclusive money app that Africans would love so it’s only right that we ended up with the name ‘Kuda’ which means ‘love’ in Shona, a language spoken in the southern part of Africa.
We’re giving Africans around the world a better alternative to traditional finance by delivering money transfers, smart budgeting and instant access to credit through digital devices.
We’ve raised over $90 million from some of the world's most respected institutional investors, and we’re rolling out our game-changing services globally from our offices in Nigeria, South Africa, and the UK.

Role Overview
The primary responsibility of this role is to identify, assess, and mitigate both inherent and residual risks within acceptable limits, while also addressing emerging risks in the business environment.

Responsibilities

  • Development and review of Key Risk Indicators (KRIs) 
  • Conduct products and process risk identification/ assessment and prepare risk assessment reports. 
  • Develop questionnaires, anchor RCSA workshops and analyse RCSA results
  • Review departmental risk registers and highlight emerging risks 
  • Ensure that the Bank adopts best industry practices for collecting, consolidating, analyzing, quantifying, and reporting operational loss data.
  • Facilitate Bank-wide ORM training and sensitisation programs, ensure risk culture is embedded in the system through sensitisation programs and training bank-wide
  • Conduct scenario analysis in line with the standards stated in the Scenario Analysis Framework at ORMC Meetings
  • Perform environmental scanning and advise Management on risks to the Business, conduct research and propose new ideas to aid management of Op-Risk
  • Identify, assess, and suggest mitigants to address strategic risks that could hinder the achievement of Corporate goals
  •  Prepare reports for MRC and BRMC presentations.
  •  Anchor ORMC meetings to promote risk management knowledge and culture among Risk Champions 

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About The Company

A few years ago, a small team of people determined to transform banking launched a savings app for Nigerians. That app was the first step toward Kuda. Kuda is a full-service digital bank. Our mission is to make banking accessible, affordable and rewarding for all Africans. Kuda is free of ridiculous banking charges and great at helping customers budget, spend smartly and save more. We raised the largest seed round recorded in Africa, and completed Series B funding round in 2021, led by some of the world's most respected institutional investors. We’re a lively, diverse, and collaborative international Tribe, with offices in London (our HQ), Lagos and Cape Town (with more locations soon to be announced).

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