JOB OBJECTIVE

• Ensure robust controls are in place across the affiliate in conjunction with all the relevant stakeholders and that these controls are in compliance with group’s policies and standards. Ensure overall supervision of the control function in the affiliate by ensuring the effective implementation of the controls plan, reporting, monitoring and continuous improvement of the control environment.
• Advice the Managing Director on matters pertaining to risk management and compliance with laws, regulations, and international best practices

KEY RESPONSIBILITIES

As Country Risk Manager

• Ensure that the bank has a documented and implemented risk management framework covering all risk families including Strategic Risk, Credit Risk, Liquidity Risk, Market Risk, operational risk, Business Continuity Risk, AML/CFT Risk and Country and Transfer Risk
• Ensure that there are effective processes in place for identifying current and emerging risks and developing risk assessment and measurement systems
• Establish polices, practices and other control mechanisms to manage risks
• Develop risk tolerance limits for senior management and Board approval
• Monitoring positions against approved risk tolerance limits
• Ensure that the Economic substance of a bank’s risk exposures are fully recognized and incorporated into the banks risk management systems
• Review of new business and products by bringing together all relevant risk management, control and business lines to ensure that the bank is able to manage and control the activity prior to it being initiated.
• Ensure that key assumptions, data sources, and procedures used in measuring and monitoring risk are appropriate and adequately documented and tested for reliability on an ongoing basis
• Ensure that appropriate periodic stress testing should be conducted and management action plans to mitigate the risks identified in the stress tests are put in place
• Reporting results of risk monitoring to Senior Management and the Board Risk Committee
• Review of industry and sector economic analysis and compile statistical information including macro-economic information, indices and provide feedback to the senior management Team, EXCO and the Board on the possible impact of identified trends
• Monitor, review and consider all issues that may materially impact on the present and future quality of Banks risk management practices.
• Conduct independent reviews to ensure compliance with risk appetite limits
• Review and assess the integrity of Risk control systems, and ensure that Risk policies and strategies are adhered to and
• Actively participate in the Banks’ committee as necessary for the performance of duties

As Head Internal Control

• Ensure Policy/Procedures/Regulatory Compliance
• Provide Control and Compliance Counselling, Advisory and Decision Support Service Including performance management to business units end strategic resource functions
• Create and maintain effective internal control system and Control Culture in the Bank- Head Office, branches and every location the bank operates from.
• Ensure required reporting of consolidated control situation reports that provide assessment of the overall operational risk rating for processing units/ Branches and the Bank. This includes the affiliates under supervision in the region
• Review and certification of all policies and products of the bank for fill regulatory compliance and strict adherence to control guideline before implementation
• Ensure integrity of the Bank’s General Ledger balances and financial statements
• Ensure that open items in the Banks’s GL accounts are current and reflect the true nature of the products recorded therein
• Institute and enforce aggressive Revenue Assurance and cost Reduction Strategies/ Tactics for the Bank
• Make suitable recommendation for policy amendments and control improvement based on emerging issues/risks
• Continuous improvement of the control environment in line with the vagaries of the operating environment

JOB PROFILE/ REQUIREMENTS

Experience & Qualifications

• University level first degree – preferably in business, Accountancy, Finance, Audit Banking or Economics
• 5 to 7 years Risk Management Experience at least of which should be at a Senior Level
• In-depth knowledge of local financial regulatory requirements
• Minimum of 5 years work experience in a financial institution
• Ability to understand, interpret and adapt legal and regulatory requirement to the business
• Superior knowledge of Risk Management methodologies
• Must be able to respond to inquiries from regulatory agencies, courts and external consultants
• Strong abilities to work in a leadership role, ability to influence peers
• Outstanding project management skills, ability to focus on multiple projects and time sensitive initiatives

Skills

▪ Customer centricity

▪ Exposure to process re-engineering

▪ Interpersonal skill

▪ Leadership / Supervisory

▪ Analytical/problem solving skill

▪ Excellent customer service orientation