Responsible for overseeing the identification, assessment, mitigation, and monitoring of all non-financial risks within Equity Bank Kenya Limited (EBKL), including operational, reputational, legal, cyber security, and environmental risks, ensuring the business operates within its risk appetite and adheres to relevant regulations, while collaborating closely with various business units to proactively manage these risks.
Key Responsibilities
Risk Identification and Assessment:
- Develop and implement a comprehensive non-financial risk framework to identify, categorize, and prioritize potential non-financial risks across EBKL.
- Conduct regular risk assessments using appropriate methodologies to evaluate the likelihood and potential impact of non-financial risks.
- Monitor emerging risks and trends within the industry and regulatory landscape to proactively address potential threats.
Risk Mitigation and Control Strategies:
- Design and implement effective risk mitigation strategies, including controls, policies, and procedures to address identified non-financial risks.
- Work with business units to embed risk management practices into their operations and decision-making processes.
- Oversee the implementation of control measures and ensure their effectiveness through ongoing monitoring and testing.
Risk Reporting and Communication:
- Prepare regular reports summarizing non-financial risk profiles, including key risk indicators (KRIs) and potential impacts, for senior management and the board of directors.
- Communicate risk information clearly and concisely to stakeholders, ensuring transparency and alignment on risk management priorities.
- Facilitate open dialogue with business units regarding risk management challenges and opportunities.
Regulatory Compliance:
- Ensure adherence to all relevant regulatory requirements related to non-financial risks, including compliance with data privacy, environmental regulations, and anti-money laundering laws.
- Stay updated on regulatory changes and proactively adapt risk management practices accordingly.
Team Leadership and Development:
- Build and lead a high-performing team of non-financial risk professionals responsible for risk identification, assessment, and mitigation across different business lines.
- Develop and implement training programs to enhance the risk awareness and management capabilities of employees across the organization.
Qualifications
Qualifications And Experience
- Bachelor's degree in finance, economics, risk management, or a related field. Advanced degrees or professional certifications (such as FRM or PRM) are preferred.
- Deep understanding of non-financial risk management principles and frameworks: including operational risk, legal risk, compliance risk, reputational risk, cyber security risk, and environmental risk.
- Extensive experience in non-financial risk management, risk analysis, or related roles within a financial institution or corporate environment. Previous experience in a leadership or management role is required.
- In-depth knowledge of non-financial risk management principles, practices, and regulatory requirements.
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