Overview
Operational Risk Manager Jobs in Cairo, Cairo, Egypt at Fawry MSME Finance
Title: Operational Risk Manager
Company: Fawry MSME Finance
Location: Cairo, Cairo, Egypt
The Operational Risk Manager will be responsible for identifying, assessing, and managing operational risks within the MSME lending framework. This role requires a strategic mindset to align risk management practices with business objectives while ensuring compliance with regulatory requirements.
Key Responsibilities
- Risk Identification and Assessment
- Conduct regular risk assessments to identify potential operational risks.
- Collaborate with various departments to evaluate existing risk management processes.
- Gap Assessment and RCSA
- Perform gap assessments to identify areas where current practices do not meet regulatory or internal risk management standards.
- Oversee the implementation of Risk Control Self-Assessment (RCSA) processes to evaluate the effectiveness of internal controls.
- Facilitate workshops with stakeholders to gather insights and validate findings from RCSA exercises.
- Periodic Stress Testing
- Organize and lead periodic stress testing meetings to evaluate Fawry MSME resilience to adverse conditions.
- Develop and implement stress testing scenarios that reflect potential operational and financial crises relevant to the MSME lending environment.
- Analyze outcomes of stress tests and provide actionable insights for risk mitigation.
- Risk Mitigation Strategies
- Develop and implement risk mitigation strategies and controls.
- Monitor the effectiveness of risk controls and recommend improvements.
- Reporting and Analysis
- Prepare detailed reports on operational risks and incidents for senior management.
- Analyze trends in operational risk data and provide insights for decision-making.
- Compliance and Regulatory Oversight
- Ensure adherence to regulatory requirements related to operational risk management.
- Liaise with regulatory bodies during audits and examinations.
- Training and Awareness
- Organize training sessions for staff to promote awareness of operational risks.
- Foster a risk-aware culture within the organization.
- Crisis Management
- Develop and maintain business continuity plans and crisis management procedures.
- Lead responses to operational risk incidents and ensure effective resolution.
Requirements
- Education
- Bachelor’s degree in Finance, Business Administration, Risk Management, or a related field.
- A master’s degree or professional certification (e.g., FRM, CRM) is preferred.
- Experience
- Minimum of 5 years of experience in operational risk management, preferably within the financial services or lending sector.
- Proven experience in risk assessment and mitigation strategies.
- With proven experience in managing teams
- Skills
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Proficiency in data analysis tools.
Key Competencies
- Strategic Thinking: Ability to align risk management with organizational goals.
- Attention to Detail: Meticulous in identifying and assessing risks.
- Leadership: Capable of leading teams and fostering collaboration across departments.
Working Conditions
- Office-based.
- Flexible working hours may be required during audits or crisis management situations.