Head of Risk and Compliance at DIB Bank Kenya Limited (DIBBKE)

Key Responsibilities

• Design Risk and Compliance framework and Defining risk tolerance limits to ensure risk remain within the tolerance rate set by the board.
• Develop and review periodically Risk MIS and Portfolio Quality reports for active Risk Management and ensuring alignment with the set tolerance levels.
• Ensure and maintain a sound corporate, retail and investment portfolio, hence minimizing losses and maximizing return.
• Update Senior Management / Board of Directors on all matters related to Risk & Credit Management.
• Ensure efficient due diligence process within the organization for Risk Management,
• Ensure an effective Risk & Credit systems are in place to optimize the credit & risk reporting process in order to meet the business requirements.
• Development and implementation of Risk & Credit Management Policies and Frameworks for all risk and Businesses areas,
• Ensure risk / reward balance and alignment with the market. 
• Member of Executive Committee, Management Committee, Board Credit Committee, Collection Committee, Investment committee, Risk Management Committee and ALCO.
• Participate and contribute on all strategic matters of the bank with respect to its local and overseas operations and future business and expansion plans.
• Retain a team of competent risk management professionals with necessary succession planning to ensure business continuity.
• Meet and present to delegates from rating agencies, foreign banks, consultants, internal and external auditors etc. 
• Review all internal and external audit reports and arrange to address concerns raised in coordination with support & business units.
• Review and provide feedback on external credit & risk agencies reports on the bank.
• Ensure all the credit proposals are carefully evaluated and provide logical recommendations prior the submission to next level of authority and to the credit committee for approval/decision. 
• Manage Credit Risk Approval Process of Limits for New and Existing Customers including excesses, one off deals which have a direct impact to the revenue and budgeted revenue/income targets.
• Develop and implement Compliance strategy & framework comprising of Charter, Policies & Procedures in order to ensure high level of compliance of bank’s operations with the country rules & regulations as well as safeguard the bank interest.   
• Establish a risk based Compliance Program to identify, measure and assess Compliance risks in Products, activities & processes of the Bank in accordance with the  Compliance framework
• Ensure adequacy, effectiveness & efficiency of Compliance functions & Compliance Controls ( i.e., regulatory Compliance, Financial Security, Market abuse, Suitability, Deontology, Conflict of Interest etc) in accordance with regulatory & policy requirements.  
•   Review the investigations on “Red flags”, escalate suspicious, dubious & or fraudulent names/accounts &/or transactions and report it to senior management & Board Committee.
• Report material findings, anomalies & recommendations pertaining to Regulatory & or financial crime related issues to senior management and Board Members
• Provide guidance & advice to relevant functions within the bank towards strengthening regulatory compliance and mitigating Compliance risks.
• Procure tools & systems as required, for carrying out Compliance functions and specifically financial Security functions (including monitoring and data mining tools for review of transactions).

Job Specification

Education

A University degree in a business–related field with risk management related professional qualifications

Master’s degree is preferable.

Training/Skills

• Basel II and knowledge of high yielding / low risk investment products
• Knowledge of Investment practice and theory
• Risk Management Principles
• Strategy development, implementation and monitoring

Work Experience

10-12 years’ experience in risk management with at least 5 years at senior management level in well-established and recognized financial institutions.

Competencies

• Communication skills
• Analytical thinking
• Assertiveness
• Problem solving skills
• Leadership
• Team orientation