Manager, Risk

1 month ago


Nairobi, Nairobi Area, Kenya Standard Bank Group Full time

Standard Bank Group is the largest African banking group by assets offering a full range of banking and related financial services.

"Africa is our home, we drive her growth" Our vision is to be the leading financial services organisation in, for and across Africa, delivering exceptional client experiences and superior value.

Job Purpose

This job holder is responsible of provide specialised and defined services and support to the Chief Risk Officer with the implementation of frameworks, minimum standards, policies and processes to manage all aspects of risks in relation to Insurance, Asset Management, Fiduciary Services and High Net Worth Banking in financial services firms managed by Insurance Asset Management (IAM).

The support is aimed at mitigating risk for the IAM business and ensure alignment to international best practices in the effective and proactive management of Financial and Non-Financial risks at an integrated level including Risk Governance within the IAM business aligned to the business strategy, operating model, and Group Risk policies.

In addition, the holder will partner with Legal and Compliance units to ensure adequate risk management processes are in place to manage legal, compliance and financial crime risk.


The role calls for partnership with Group and in-country business and risk stakeholders to ensure that the processes for identifying, measuring, controlling, and reporting of risks is aligned to the Enterprise Risk Framework.

Key Deliverables
Risk, Regulatory, Prudential & Compliance

Facilitate the alignment of the enterprise risk management process with Group Policies and appropriate regulatory framework.

Communicate the enterprise risk framework, standards and other risk principles effectively to the business i.e., Risk and Control Self Assessments (RCSA's), Key Risk Indicators (KRI's), Business Continuity Management (BCM), Information Risk, and Risk Assurance.

Promote compliance to enterprise risk policies. Encourage a high level of awareness of enterprise risk in the business.
Facilitate Business Impact Assessment & Risk Assessment Processes.
Performa risk assurance across all risk types in conjunction with Compliance, Non-Financial Risk and Internal Controls.

Product

Maintain a culture within the routine fulfilment and loss control areas that emphasizes and demonstrates to all the importance of internal controls.

Monitor the subsidiaries insurance cover by way of review of the insurance return to ensure that assets are adequately protected against losses.

Monitor the subsidiaries external third party/outsourcing arrangements in an effort to minimizing risks associated with outsourcing.
Participate in the subsidiaries business processes, initiatives, forums, committee, etc. to ensure that enterprise risk requirements are appropriately considered, executed, and reported.
Provide a central point of reference and expertise in enterprise risk matters to the business.
Identify major enterprise risks affecting the business and take necessary steps to measure, monitor and control accordingly.
Review and evaluate internal controls and propose appropriate recommendations for any changes and/or enhancements.

Ensure that agreed remedial actions adequately address internal control deficiencies and thereafter ensure regular follow up to ascertain execution and effectiveness.

Strategy

Business Continuity Strategy, Business Continuity Planning, Exercising and Testing, Maintenance and Review Training and Awareness.
Monitors, Promote and maintains an understanding of current/future business continuity trends and threats.

Ensure full implementation of in-country Risk governance framework, including the administration of Risk governance documents (i.e., policies, procedures, mandates) across all risk types Strategic, Financial (Credit, Market, Liquidity) and Non-Financial Risks.

Plan, manage, control, and execute the delivery of monthly / quarterly / annual reports, Executive reports, and contracted reports, as agreed.

This includes the planning of timelines and distribution of resources.

Client

Facilitate RCSA's and KRI's workshops with business.
Plan and schedule stakeholder engagement sessions, this includes the documenting of key Intelligence & Reporting processes.

Data

Assist in the analysis of information and reports to establish trends and consider initiatives to reduce risk.

Champion consolidated risk reporting with a view to standardizing risk reports for the different governance forums and establishment of a single point of information and data.

People

Supervise the staff awareness programmes on emerging risk related to Standard Operating Procedures, legislation, new policies, practices, that may influence the risk appetite of the subsidiaries.

Act on supporting staff engagement with focus on development and sustaining a motivated workforce of the department.

Qualifications
Minimum Qualifications

Type of Qualification:
First Degree

Field of Study:
Business Commerce or Finance and Accounting, Economics

Other Minimum Qualifications, certifications or professional memberships

Masters Degree in Economics, MBA
Certification in Risk Management Assurance (CRMA), Professional (CRCMP); Chartered Institute for Securities and Investment (CISI)
CPAK, ACCA

Experience Required

Business Enablement

At least 7-8 years' experience in Risk management within the Insurance, Banking, Investments, and Asset Management related business in a large global corporate environment.

Good understanding of all aspects of Enterprise Risk Management, High degree of understanding of all aspects of risk within a technology environment.

Total number of years' experience: 10 years

Additional Information

Behavioral Competencies:
Adopting Practical Approaches
Articulating Information
Challenging Ideas
Checking Details
Developing Expertise
Documenting Facts
Embracing Change
Establishing Rapport
Examining Information
Interacting with People
Managing Tasks
Showing Composure

Technical Competencies:
Compliance
Evaluation of Internal Controls
Legal Advisory & Interpretation
Legal Compliance
Promote Good Governance, Risk & Control
Risk Reporting

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