CAREER OPPORTUNITY

RISK MANAGEMENT

Suitably qualified persons are invited to submit applications to fill the following position:

ASSISTANT VICE PRESIDENT -RISK MANAGEMENT

General Job Profile

The Assistant Vice President - Risk Management assists the Chief Risk Officer (CRO) in the design, implementation, monitoring and management of the Enterprise-Risk Management Framework in order to proactively minimize the risk of loss, financial or otherwise to the Corporation in the pursuit of its operational and strategic objectives.

Key Responsibilities

  • Development and implementation of strategies and infrastructure for the identification, assessment, management, control, monitoring and reporting on the Corporation’s risk issues.
  • Identify and implement best practice tools and techniques to manage risk across the enterprise.
  • Proactively and independently review the financial risks - market, credit and liquidity as well as the operational risks for the Corporation’s products, services and its operations
  • Design and direct scenario analyses and stress tests for the Corporation’s business units and mutual funds.
  • Review Cyber Security risks and associated corrective action plans
  • Manage the Corporation’s Insurance Portfolio in conjunction with the Insurance Broker
  • Maintenance of a Risk Register for the enterprise
  • Reporting to the Board and Board Committees on risk issues
  • Contribute to the development and co-ordination of the Business Continuity Planning Framework.
  • Coordinate the development and operationalization of the Business Continuity Plan (BCP) with internal and external stakeholders
  • Facilitate testing of the BCP
  • Review Business Impact Analysis of various departments and provide advice on incorporation in the BCP
  • Reporting to the Board on decisions regarding the BCP
  • Direct business units on the development of quantifiable risk appetite, tolerances and Key Risk Indicators (KRIs).
  • Annual review of the Corporation’s risk appetite statements, risk tolerances and KRIs.
  • Guide business units on appropriate risk tolerance measures and KRIs for their areas of business.
  • Reporting to the Board on current risk profile relative to set appetite and tolerances
  • Assist with reviewing the efficiency and relevance of key controls and risk response strategies for products, services, projects and processes across the enterprise.
  • Identify key control deficiencies across the enterprise through various avenues such as meetings with management, review of risk controls self-assessment results and internal breaches reports.
  • Guide business units on improvements to key controls to minimize risks within processes.
  • Review and provide guidance on risk assessments of the initiatives and projects across the enterprise.
  • Formulation and maintenance of financial and operational risk frameworks, policies and procedures.
  • Develop and maintain current and relevant policies and procedures for all elements of the risk management process
  • Leadership of special projects and analyses.
  • Lead and participate in Risk Management and cross functional projects, special assignments and analyses
  • Development and facilitation of risk management training and awareness programs that develop enterprise risk management competence and promote a culture of risk intelligence.
  • Develop risk management awareness programs
  • Facilitate training sessions on strategies, tools and techniques utilized in Risk Management
  • Leadership, coaching and development of the Risk Management Team.
  • Development of subordinates with respect to technical, attitudinal and behavioural skills.
  • Identify and make recommendations for effective career management of subordinates
  • Performance Management of team members
  • Ensure subordinates adhere to the HR and other policies and procedures of the Corporation
  • Identify staffing deficiencies and recommend appropriate staff compliment for bench-strength required by the Corporation

The selected candidate must possess the following combination of qualifications, skills, training and experience:

  • First degree in Finance, Economics, Statistics or Actuarial Science
  • MBA or Postgraduate qualification or equivalent professional certification in any of the above disciplines or a finance-related field
  • Minimum of ten (10) years’ experience in the financial sector in any of the following areas or combination thereof: risk analysis, risk management, portfolio management, treasury management and investment analysis
  • Demonstrated competencies in the assessment of financial and operational risks
  • Familiarity with the body of knowledge associated with the risk management process and conversant with topical risk issues
  • Knowledge of the regulatory framework governing financial institutions
  • Proficiency with Microsoft Office Tools and familiarity with SAP and Bloomberg
  • Leadership and Management- ability to lead people and get results through others.
  • Ability to organize and manage multiple priorities
  • Critical Thinking- Strong analytical skills, problem analysis and problem resolution at both the strategic and functional levels
  • High degree of emotional intelligence
  • Excellent interpersonal and communication skills
  • Strong conflict resolution skills
  • Ability to work effectively across all business units and with all levels of management

Applications with Curriculum Vitae, giving details of qualification and experience, must be submitted by November 24, 2016

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