Chief Risk Officer at United Bank for Africa (UBA) Kenya

JOB OBJECTIVE(S)

• To development policies and programmes for the identification, assessment, controlling, monitoring and reporting of operational and market risk inherent in products, processes, systems, policies and external events.
• To build strong risk management environment by providing advisory, decision support services to business units & strategic resources functions and develop a framework to constantly update the bank on its risk level with regulatory/banking laws.

DUTIES & RESPONSIBILITIES

• Develop, cascade and monitor the implementation of operational and market Risk
• Management plans/Activity plans in line with the overall bank strategy.
• Train, motivate and manage performance of the operational and market Risk
• Management team to enhance staff productivity thoroughly daily supervision of the team’s activities, feedback and provision of leadership in line with the HCM policies
• Act as the custodian for all bank policies (internal and external policies including regulatory and HCM policies) by developing and implementing mechanisms for updating, accessing and adhering (Including Trainings/sensitizations and communication) to internal, external and regulatory policies by all staff
• Collaborate with other Unit/departments Heads to develop and coordinate the implementation of Business Continuity plans across the Bank
• Develop and Implement structures/frameworks for population of losses/loss events and risk - based grading of Branches and SBUs which shall inform the deployment of resources, frequency of audit visits, and deployment of internal control personnel and determination of manning levels.
• Develop and Implement a timetable for the administration of control and risk self
• assessment questionnaire to the processes owners for the monitoring of risk with the
• established controls and policies in line with UBA policies
• Prepare, submit and present risk-based reports on various products, processes, activities, systems and external events to management and other relevant stakeholders including the Regulator and the Board.
• Develop and monitor the Implementation of Market and operational Risk monitoring plans to constantly update and monitor the Bank on its risk level with regulatory laws

 JOB DESCRIPTION

• Plan, coordinate and assess operational and market risk management activities in the bank to ensure that the Bank achieves its objectives of meeting Basel II requirements for internationally active banks.
• Develop and monitor the Implementation of structures for the establishment of risk appetite for the bank by setting of risk tolerance limits and key risk indicators in line the Policies
• Develop and monitor implementation of processes for the validation of processes mapped including risk identification, severity assessment, frequency of occurrence and controls documented.

KEY PERFORMANCE INDICATORS

• % age implementation of operational and Market Risk plans
• Staff productivity and engagement score/index including attrition rate
• 100% up-to-date, accessible and adhered to bank wide policies
• Acceptable Risk Management Audit score for internal, External and Regulatory Active and functional BCP plans
• Monthly /Timely reporting losses to management of presentation of Risk Learning points to EXCO
• Quarterly control and risk self assessment questions in products, processes, systems and activities in the entire Bank
• Quarterly presentation of Keys Risk Indicators (KRIs) reports for various products, processes, activities, systems, policies and external events to stakeholders
• Risk identification and control in new products, services and processes before such are deployed Bank-wide within 48 hours after receipt from the product owners
• Quarterly risk and control-based procedure, validations and manuals for the mapped processes
• Timeliness at preparing Quarterly Board Report
• Monthly EXCO Risk Management Status Reports.
• Acceptable Risk Management Audit score
• 100% bank compliance to risk regulatory laws/standards 

JOB REQUIREMENTS

Education

• Minimum education level: First degree (or equivalent) in Accounting, Banking & Finance or related discipline
• Postgraduate degree/MBA and/or Professional qualification in accounting e.g. CPA,ACA, ACCA desirable

Experience

• Minimum experience: At least 8 years banking experience; 5 years in leadership capacity

KEY COMPETENCY REQUIREMENTS

Knowledge

• Core Business Processes
• Industry Knowledge
• Banking Operations
• Business Risk Management
• Credit Analysis
• UBA banking structure, policies and procedures.
• Accounting and tax
• Local laws
• Data gathering and analysis
• Financial analysis

Skill/Competencies

• Professional disposition, Strategy formulation & Business Awareness, Creativity & Innovation, Resource Management, Delegation & Empowerment, Ability to Inspire & Manage
• Change, Analytical Thinking, Decision Making, Problem Solving, Diversity Management
• Interrogatory skills; Communication skills; Fraud
• Detection & Control; Internal Audit practice;
• Accounts Management; Analytical and
• Investigation Skills; Auditing Skills
• Accounting Skills; Comprehensive Banking
• Operations (Domestic and Foreign) Skills;
• Comprehensive Treasury skills