Job Purpose
To provide the overall oversight role both technical and leadership on Risk management, Credit Administration, Recovery and Special Assets; and develop and implement effective strategy, policies and procedures and frameworks related to these areas.
Key Responsibilities
Design Risk framework and Defining risk tolerance limits to ensure risk remain within the tolerance rate set by the board. Develop and review periodically Risk MIS and Portfolio Quality reports for active Risk Management and ensuring alignment with the set tolerance levels. Update Senior Management / Board of Directors on all matters related to Risk and Credit Administration Management, Recovery, and special assets management. Ensure an effective Risk and Credit systems are in place to optimize the credit and risk reporting process to meet the business requirements. Development and implementation of Risk and Credit Management Policies and Frameworks for all risk and Businesses areas, Ensure risk / reward balance and alignment with the market. Member of Executive Committee, Management Committee, Board Credit Committee, Collection Committee, Investment committee, Risk Management Committee and ALCO. Retain a team of competent risk management, credit administration and recovery and special assets professionals and ensure effective succession planning to ensure business continuity. Meet and present to delegates from rating agencies, foreign banks, consultants, internal and external auditors on matters related to risk management. Review all internal and external audit reports and arrange to address concerns raised in coordination with support and business units. Review and provide feedback on external credit and risk agencies reports on the bank. Ensure all the credit proposals are carefully evaluated and provide logical recommendations prior the submission to next level of authority and to the credit committee for approval/decision. Manage Credit Risk Approval Process of Limits for New and Existing Customers including excesses, one off deal which have a direct impact to the revenue and budgeted revenue/income targets. Establish a risk-based Compliance Program to identify, measure and assess Compliance risks in Products, activities & processes of the Bank in accordance with the Compliance framework Review the investigations on "Red flags", escalate suspicious, dubious & or fraudulent names/accounts and/or transactions and report it to senior management & Board Committee. Report material findings, anomalies and recommendations pertaining to Regulatory and or financial crime related issues to senior management and Board Members Provide guidance and advice to relevant functions within the bank towards strengthening regulatory compliance and mitigating Compliance risks. Procure tools and systems as required, for carrying out the laid-out functions
Qualifications
A University degree in Finance/ Accounting or a business - related field from a recognized university.
Over 10 years' experience in Risk management with at least 5 years at Head / senior management level in well-established and recognized financial institutions, preferably with a Group reporting matrix.
Relevant Professional qualification in Risk Management or CPA/ ACCA Master's degree is preferable. Basel II / III and knowledge of high yielding / low risk investment products Knowledge of Investment practice and theory Risk Management Principles Strategy development, implementation, and monitoring Knowledge of the Financial Regulatory framework - both local and international Credit Administration, Recovery and Special Assets management experience will be an added advantage Leadership and management-ability to lead teams, mentor and coach staff to goal definition and achievement Performance Management and team management Decision making ability to make strategic decisions in a timely and effective manner and to be accountable for decision making within departmental and role allocation and advise departments on major financial implications and critical decisions required Integrity and honesty with strong communication skills Building consensus and influencing-ability to influence various players across all stakeholder spectrum departments Customer orientation-is customer focused striking a solid balance between external and internal customer orientation Resilience - able to withstand strategic and operational challenges, strict deadlines and timelines and maintain momentum Emotional Intelligence-manages emotions in a mature and composed manner as expected of a leader.
Job Specification
Education A University degree in Finance/ Accounting or a business - related field from a recognized university. Relevant Professional qualification in Risk Management or CPA/ ACCA Master's degree is preferable.
Training / Skills Basel II / III and knowledge of high yielding / low risk investment products Knowledge of Investment Practice and theory Risk Management Principles Strategy development, implementation, and monitoring Knowledge of the Financial Regulatory framework - both local and international
Work Experience
Over 10 years' experience in Risk management with at least 5 years at Head / senior management level in well-established and recognized financial institutions, preferably with a Group reporting matrix. Credit Administration, Recovery and Special Assets management experience will be an added advantage
Competencies
Technical Risk Management Computer Literacy Excellent analytical skills Project Management Appreciation of Technology in Banking Finance and Accounting Skills Functional Corporate Governance Banking laws and regulations both local and international Strategic Planning Budgeting and Planning Ability to drive change Project Management Governance - knowledge and ability to ensure good governance practices Analytical - highly analytical and ability to challenge status quo based on quantitative facts and impacts Stakeholder Management
Behavioral Leadership and management-ability to lead teams, mentor and coach staff to goal definition and achievement Performance Management and team management Decision making ability to make strategic decisions in a timely and effective manner and to be accountable for decision making within departmental and role allocation and advise departments on major financial implications and critical decisions required Integrity and honesty Building consensus and influencing-ability to influence various players across all stakeholder spectrum departments Strong Communication skills Customer orientation-is customer focused striking a solid balance between external and internal customer orientation Resilience - able to withstand strategic and operational challenges, strict deadlines and timelines and maintain momentum Emotional Intelligence-manages emotions in a mature and composed manner as expected of a leader.