Financial Risk Manager

4 weeks ago

Nairobi, Nairobi Area, Kenya Rose Avenue Group Full time

Job Responsibilities:

Credit Risk 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 ensure implementation of the design, review credit grading systems and establish quality assurance measurements.
  • To participate in the development of a regional data bank on industry analyses / market intelligence and liaise with the Credit Reference Bureaus 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 MD and the respective Board on a quarterly basis with findings and recommendations on way forward

Credit Risk 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 credit portfolio
  • To review and follow up on the pending post disbursement covenants
  • To conduct Credit risk stress testing and providing advice to management on the course of action to be taken
  • To review the expected Credit Losses and IFRS 9 computations and assumptions therein
  • 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.
  • To ensure implementation of the systems and controls as they relate to credit functions at all times.
  • To ensure that all the Bank's Credit Policy and Procedures are implemented across the Bank.

ESG & Climate Risk

  • Development and implementation the E&S Policies and Procedures to ensure all stakeholder and lender requirements are reflected within the Policy and Procedures.
  • Conduct environmental and social risk due diligence on new facilities and make recommendations on how any E&S risk exposures can be mitigated.
  • Identification, measurement and reporting of Climate related risks in the Bank's portfolio.
  • Identify all key potential social and environmental risks in credit applications and ensure that their magnitude and significance are well understood and mitigated.
  • Work with Relationship Managers in assessing ESMS risks on new and existing facilities and ensuring that categorization is accurate is well documented in line with the Bank's policy.
  • In liaison with the Relationship Managers, conduct continuous monitoring of financed projects to ensure implementation of mitigation measures as defined in the covenants
  • Work with Relationship managers and other relevant units to support customers enhance the environmental and social sustainability of their operations.
  • Ensure the Bank is in compliance with environmental and social risk related legislations, and other stakeholder standards and requirements.
  • Oversight over E&S disclosures in compliance with voluntary and compulsory requirements of regulators and development partners CMA, CBK, KBA, NSE, Taskforce on Climate-related Financial Disclosures, etc.
  • Representation at partner institutions and industry regulators in developing best practices for exploring the green financing frameworks and investment opportunities in Kenya.
  • Continuously equip the bank's first line of defense through regular capacity building, training, and awareness.

Strategic Risk

  • Oversight and reporting of the status of implementation of the Bank's strategic plan and tracking of execution risks of each milestone.
  • Assessment of strategic risks related to the Bank's operating environment, product suites, delivery channels, digital and technology space, etc and offering advisory on the interventions required to meet the Bank's strategic aspirations.
  • Identifying, Assessing and managing the Bank's Balance sheet risks.

Reporting

  • Ensure timely recovery updates for all facilities in arrears/ excesses to the Country Risk Manager for BRCC.
  • Ensure timely completion of all the Financial Risk reports to BRCC /BRTC and all other appropriate internal forums.

Others

  • To perform any other duties assigned by the Country Risk Manager from time to time.

Requirements:

  • University Degree in Commerce, Economics, Actuarial Science or related field. Masters degree is an added advantage.
  • Professional qualification in Banking/Business/Management/ Accountancy.
  • Substantial knowledge of local, regional and international environmental agreements, regulations, principles and frameworks as well as EGS reporting requirements
  • Detailed understanding of the risks associated with ESMS Environmental and Social Management System in the banking business
  • Minimum 10 years experience in Financial Risk Management, with at least 5 years in a supervisory position in a banking environment
  • Excellent analytical skills
  • Able to produce quality work under pressure and with minimal supervision
  • Good planning and organizational skills
  • Excellent communication and presentation skills.
  • Excellent Interpersonal and influencing skills with attention to detail

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