Head of Risk (strategic, credit, product, operational, regulatory risk) – Dar Es Salaam, Tanzania

Head of Risk (strategic, credit, product, operational, regulatory risk) – Dar Es Salaam, Tanzania Introduction The Head of Risk’s main objective is to enhance and integrate the function for Bank-wide Risk Management across the bank; to build capacity and the ability to identify, measure, monitor and control the underlying risks – mainly Strategic, Credit, Liquidity, Interest Rate, Price, Foreign Exchange Rate, Operational, Reputational and Regulatory – that the Bank continues to face. 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. Risk Management, through the Board Committees, is an independent risk function which seeks to provide assurance to a variety of stakeholders that risks are appropriately managed across product, countries and regions and that the institution's risk is within its stated tolerance levels. The Risk Management function is responsible for providing independent oversight of policies, procedures and standards concerning the measurement, monitoring and control of market risks (both trading and non-trading), trading credit risk and trading operational risk across the company’s portfolios. Responsibilities COUNTRY RISK MANAGEMENT Establish comprehensive Risk Management Programmes that will embed sound risk management. This will ensure: Active Board and Senior Management Oversight • Continuous review, monitoring and effective reporting to the Country CEO / Board on the risk profile of the company and individual banks. • For all risks identified, propose mitigants and recommend to the relevant Board on the new risk parameters to be set up. • Assist in review of Board Committee papers and Risk management committee papers and attend the following Country level meetings: Risk Management Committee; Board Credit Committee; Board Asset and Liability Committee; and the Board Audit Committee. Adequate Policies Procedures and Limits • Standardisation of Risk Management Policies and Procedures and embed risk management processes across the individual banks within the Country. • Annual review of Risk Management Policies and procedures. • Assist in formulation and review of new policies and procedures for new Country products, and for guidelines issued by the regulatory authorities. Adequate Risk Monitoring and Management Information Systems (MIS) • Coordinate with functional/ branch/ unit heads and catalyze assessment of functional risks within the Country. • Conduct Country Risk Team meetings and facilitate implementation and review of the action points arising out of the meetings. • Continuous monitoring of risk assessment matrix for credit, market and operational functions. • Align Risk management processes with market opportunities Adequate Internal Controls • Facilitate integrated risk-based audit. • Measure risks where needed and suggest mitigants. Other • To establish a comprehensive and sound Risk Management culture that will enable management to understand and monitor the risks faced by the bank, to be achieved through active participation in monthly management committee meetings - MCC, ALCO, CACT, ORCO, CFCT,BDMC, HRC. • To improve monitoring capabilities and enhance overall operational efficiencies within the bank. CREDIT RISK MANAGEMENT Credit Assessment • To participate in the formulation of bank credit policies and lending practices in such areas as large exposures, credit concentration, sectoral exposure, maturity of securities, etc. • To establish, design and review credit grading systems and establish quality assurance measurements. • To pursue measures that will improve lending skills and standards – such as staff training. • Develop a regional data bank on industry analyses / market intelligence and liaise with the Credit Reference Bureaux so as to review and initiate action to enrich and modify the overall credit risk profile of the bank. An update on the risk profile to be submitted to the CEO and the respective Board on a quarterly basis with findings and recommendations on way forward. Credit Control / Monitoring • To monitor the prevailing trend and quality of the credit portfolio in the bank, through various management report such as Arrears and NPA Accounts Reports, • Monitoring of credit risk so as to ascertain the overall health of each asset and overall portfolio and confirm that exposures are in line with the bank’s policy guidelines so as to ensure the quality of the Country’s credit portfolio • To review HR capacities in relation to credit functions in all the units and in liaison with the Human Resources Department identify training needs and recruitment of staff where necessary. • To participate in the general management of the Bank and in this regard streamline the credit operations in the Bank through actively participation in re-engineering systems and controls review programmes. • Oversee implementation of the systems and controls as they relate to credit functions at all branches/banks. • Ensure that all the Bank's Credit Policy and Procedures are implemented across all banks and branches. Credit Administration • Ensure that the process of disbursement and custody of security documentation is in line with Policies and procedures. Debt Recovery • The Risk Department will monitor and report through the County Head - Risk and discuss the Credit Risk findings at the Management Credit Risk Committee (MCC). In its monthly meetings, MCC will review the Key Credit Risk Indicators and devise control mechanisms for controlling various Credit Risks in the Bank. The Committee will also recommend suitable mitigants, policies and processes etc. to the Board Credit Committee (BCC) for management of Credit Risk. OPERATIONAL RISK • To assist in assessing and implementing effective operational risk management by branches /unit heads. • Establish adequate safeguards to protect against Operational Risks including Internal fraud, external fraud, employment practices, market manipulation, execution failures through data entry, business disruptions, failed mandatory reporting, negligence. • The Risk Department will monitor and report the OR findings to the Operational Risk Committee (ORCO). In its monthly meetings, ORCO will review the Key Operating Risk Indicators and devise control mechanisms for controlling various ORs in the Bank. The Committee will also recommend suitable policies etc. to the Board Risk Management Committee (BRMC) for management of Operational Risk. MARKET RISK • Identify Market risk factors (equity, interest rate, currency, and commodity) and develop approaches of strategies to address them. • Monitoring of the ALM risks and review of the Liquidity Ratio, Rate sensitivity gaps, currency-wise gap analysis, net margins, Value at Risk (VaR), trading activities and impact analysis in a worst case scenario to test the Bank’s resilience • The Risk Department will monitor and report the ALM risk findings to the ALCO. In its monthly meetings, ALCO will review the Key ALM Risk Indicators and devise control mechanisms for controlling various ORs in the Bank. The Committee will also recommend suitable policies etc. to the Board Asset Liability committee (BALCO) for management of ALM Risk. REPUTATIONAL RISK • Assess and recommend mitigating measures for reputational and regulatory risks identified to the Cross functional Communication Committee. The committee to discuss and report the issues by way of minutes to the BRMC. COMPLIANCE & REGULATORY RISK • Review the quality of reporting on critical functional areas – Credit, Treasury, Operations and ICT – Regulatory reports and external audit reports • Ascertain the risks through the regulatory reports, external and internal audit, inspection reports and close the risk areas identified. Requirements • University graduate. A Banking Qualification would be advantageous. • Candidate must be computer literate • A minimum of 10 years banking experience, with at least 5 years in a senior managerial position. • Demonstrated leadership skills with good command of oral and written knowledge of English. • A structured approach to dealing with complex and variable work environments in an independent manner. • Ability to balance opposing business requirements. • 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 Send your CV to Danelle at CA Global (danelle@caglobalint.com), or visit our website (www.banking-recruitment-jobs.com) for further information. Note: Only shortlisted candidates will be contacted