Our Esteemed client in the Banking Sector
Number of vacancies: 1
Sector: Private sector
Industry: Banking, Risk Management

Knowledge, Skills & Competences
• A structured approach to dealing with complex and variable work environments in an independent manner.
• Ability to balance long term and short term requirements independently
• Strong evaluation, communication and reporting skills
• Able to provide advice and cause/effect evaluation to support business decision making
• Independent and logical thinker, yet an achiever and implementer
• Leads by example
• Good at managing large volumes of information and can add value through management reporting
• Builds relationships and networks easily
• Has a strong service ethic

Responsibilities
Main Purpose of the Job
• Risk is the potential that events, expected or unexpected, may have an adverse impact on the Bank’s capital and earnings. The Bank, in its normal course of business takes calculated risks. Initiatives, business growth, new products, improved technology-based services and the global integration of banking give rise to the necessity of measuring, monitoring and minimizing the risks assumed by the Bank.
The Senior Manager Risk’s main role is to assist/deputise the Head of Risk Management in;
• Implementation of the Risk Management framework;
• Development and capacity building of methodologies/ models/ processes for identification, assessment, measurement, monitoring, control and reporting of Enterprise Risks; and
• Building a strong risk culture across the bank.

Others
Key responsibilities
Responsibilities comprise of;
Risk Identification and Assessment
• To oversee the formulation of bank policies, procedures, limits and ensure that they are reviewed on an annual basis or as and when required keeping in mind the bank’s internal characteristics, against the impact of economic, technological, competitive, regulatory and other environmental changes.
• To ensure that there are adequate risk management policies, procedures and limits which reflect the Bank’s risk appetite as per Risk Management Guidelines.
• To oversee implementation of the design, review of risk rating systems and establish quality assurance measurements.
• To oversee implementation and enforcement measures that will improve the standards in risk management in the bank
• To take the lead in reviewing and initiation of action to enrich and modify the overall risk profile of the Bank. The risk profile will be discussed with the Head of Risk Management and shared with the Risk Management Committee and the Board Risk Management Committee on a monthly and quarterly basis respectively with findings and recommendations on way forward.
Control / Monitoring
• Ensure there is adequate monitoring of the risks by the responsible risk managers for; strategic risk, credit risk, liquidity risk, interest rate risk, price risk, foreign exchange rate risk, operational risk, reputational risk and regulatory risk.
• Take the lead in coordinating risk champions across the Bank and ensure that they (risk champions) are taking the leading as regards to the risk management process in their respective departments.
• To take the lead in monitoring the prevailing trends and quality of the bank assets and liabilities portfolio, Operational risks, Strategic risks, IT/System risks and reputational risk through various management report such Dashboards, Risk Registers.
• Ensure that there is adequate risk monitoring and management information systems (MIS) bank – wide.
• Ensure that there are adequate internal controls bank-wide.
• Ensure that risks for any new products or activities are appropriately identified and managed by Senior Management and that the products have reviewed prior board approval.
• Overseeing risk monitoring activities so as to ascertain the overall health of overall bank portfolio and confirm that exposures are in line with the bank’s policy guidelines.
• To review HR capacities in relation to various functions in all the units and in liaison with the Human Resources Department, identify training needs and recruitment of staff where necessary.
• To take the lead in re-engineering systems and controls review programmes.
• To ensure implementation of the systems and controls in the bank.
Reporting:
• Ensuring the Bank has a strong Corporate governance culture
• Oversee the timely preparation and review of risk papers- Monthly to RMC and ORCO, and Quarterly to BRMC
• To ensure that all the risk papers are prepared and reviewed in time before they can be sanctioned and released by the Head of Risk Management.
• Ensure that Monthly management meetings for the respective committees are held. These include; MCC, ALCO, ORCO, RMC, CBRC, HRC, PDMC, MCO.
Others
• To perform any other duties assigned by the Head of Risk, CEO and Board from time to time.
• Oversee Performance management for direct reports; Senior Manager Operational Risk, Senior Manager AML risk, Senior Manager System Risk.
• Support the Head of risk management in overseeing unit’s administration in regards to leave management, training needs assessment, developing and implementing a training plan.
• Maintaining relationships with other departments.

Key Performance Measures
• Timely reporting to Board and Senior Management committees
• Timely and properly updated procedures, policies and Limits
• Risk Monitoring and Management meetings held at scheduled times
• Risk assessments
• Number of repetitive exceptions per audit / BOU examination reports
• Competence development

Important Relationships
• Job is both internally and externally focused, requiring that the individual be highly adaptable
• The job requires relationships be built across the organisation, regionally and in-country at senior level
• The job holder will report to the Head of Risk Management.
• All regional and cross country forums will require participation to ensure teambuilding and sharing of best practice across the organisation.

Qualifications
• Graduate; Honors Degree or its equivalent
• Professional qualification in Banking/Business/Management/ Accountancy/Risk Management
• Master’s degree in Business/Financial/Risk management, is an added advantage.

Details of Experience
• 7 years minimum of risk management/ Banking experience, 5 of which should be in a supervisory position in a Risk/Audit/Compliance department