This role ensures that risk exposures are effectively identified, measured, monitored, and mitigated to enable sustainable growth, enhance resilience in diverse African markets, and support the ARRP's goals of capacitating value chains, expanding trade, and driving economic transformation in East and Central Africa.
THE KEY RESPONSIBILITIES
Market Risk Management
Maintain the Group Market Risk Management Framework and policies covering banking book and trading book exposures for the Bank and market/asset liability exposures for the Insurance Group.
Ensure alignment with:
Basel III/IV market risk standards (Bank)
IFRS 17 investment risk requirements (Insurance)
Central bank and insurance regulatory guidelines
Develop and oversee methodologies for:
Value at Risk (VaR), Expected Shortfall (ES)
Sensitivity analysis (PV01, DV01, FX & IR sensitivities)
Interest rate risk in the banking book (IRRBB): EVE and NII sensitivity
Equity and property investment risk (Insurance)
Duration, convexity, and ALM mismatches
Monitor compliance with market risk appetite and limits:
FX position limits
Interest rate risk limits
Trading book VaR/ES limits
Investment portfolio limits for Insurance entities
Identify emerging market and liquidity risks: FX volatility, interest rate shocks, credit spread widening, equity downturns.
Produce monthly and quarterly market risk reports for Group ALCO, Insurance investments committees and Board Risk Committee
Liquidity Risk Management
Maintain the Group Liquidity Risk Framework and policies, ensuring banking and insurance requirements are clearly differentiated.
Ensure alignment with:
LCR, NSFR, ILAAP expectations (Bank)
Liquidity coverage, stress scenarios, and cashflow matching per insurance regulations (Insurance)
Support Group wide liquidity stress testing across both the Bank and Insurance entities, incorporating:
Market wide stress
Name specific stress.
Combined stress
Large policyholders surrender risk (Insurance)
Loss of wholesale funding (Bank)
ICAAP and Enterprise-wide Stress Testing
Support the ICAAP framework, calendar, and endÃÂâÃÂÃÂÃÂÃÂtoÃÂâÃÂÃÂÃÂÃÂend production across entities and the Group.
Align ICAAP with business plan, risk appetite, and recovery options, ensuring credible capital trajectories and buffers.
Coordinate crossÃÂâÃÂÃÂÃÂÃÂfunctional contributions (Finance, Treasury, Credit, Market Risk, Model Risk, Strategy) and drive a strong use test (ICAAP informs decisions
Design and maintain a Group stress testing policy and methodology (topÃÂâÃÂÃÂÃÂÃÂdown and bottomÃÂâÃÂÃÂÃÂÃÂup), with severeÃÂâÃÂÃÂÃÂÃÂbutÃÂâÃÂÃÂÃÂÃÂplausible scenarios.
Calibrate macro paths (GDP, inflation, rates, FX, unemployment) and satellite models linking macro factors to losses, NII/EVE, RWA, capital, liquidity, and earnings.
strategies and stakeholder needs.
CORE ACCOUNTABILITIES AND DELIVERABLES
Financial
Effective monitoring and control of market and liquidity risk exposures within approved risk appetite.
Accurate and timely risk metrics supporting capital, liquidity, and balance sheet optimization.
Contribution to sustainable profitability through improved financial risk insights.
People
Support capability building and knowledge sharing across the department.
Processes
Maintain robust financial risk monitoring, reporting, and escalation processes.
Ensure compliance with internal policies, regulatory guidelines, and governance frameworks.
Drive continuous improvement and automation of risk reporting processes.
Systems
Utilize and support enhancements to market and liquidity risk systems, models, and reporting tools.
Partner with IT and data teams on system upgrades, controls, and data quality initiatives.
Customers / Stakeholders
Provide clear, concise, and actionable risk insights to Treasury, ALCO, senior management, and regulators.
Act as a trusted risk partner to business and treasury stakeholders.
Qualifications
EXPERIENCE REQUIREMENTS
Minimum of 7 years' related areas within the financial services industry, 4 years in Market and Liquidity Risk experience
ACADEMIC QUALIFICATIONS AND CERTIFICATIONS
Must-Haves
Bachelor's degree in Statistics, Risk Management, Finance, Banking, Accounting, Mathematics, Actuarial or a related field.
Professional qualifications such as ACI (ACI Financial Markets Association), FRM (Financial Risk Manager), or CFA (Chartered Financial Analyst) or Actuarial certifications