Head of Risk & Compliance at Gulf African Bank

Job Summary

The role is responsible for the development and maintenance of a well-defined Enterprise Risk Management Framework. The position holder is responsible for the identification, measurement, mitigation, monitoring and reporting of risks on a timely basis.

Qualifications, experience and job specific competencies

• University degree in a business-related course. Postgraduate qualification and professional risk qualification will be an added advantage.
• At least 8 years experience in Banking with a minimum of 5 years relevant experience in Risk & Compliance at Senior Manager level in a Commercial Bank
• Ability to understand and document workflows and business processes
• Knowledge and effective application of banking policies, processes and practices.
• A sound understanding of the regulatory framework.
• Ability to understand and interpret financial information and principles.

Responsibilities

• Contribute to the formulation and development of the Bank’s Strategic Plan with specific attention to Risk and Compliance
• Establish and maintain the Bank’s Enterprise Risk Management (ERM) Framework ensuring that the right risks are identified and are being managed; the assessments of the likelihood and consequences of each identified risk are current and realistic; and plans for managing each identified risk, including decisions to bear any risks unmitigated, are appropriate and effectively implemented.
• Establish the Bank’s stress testing framework that covers the major risks (Credit, Operational and Liquidity Risks)
• Carry out periodic Credit Portfolio analysis to ensure that the Bank’s risk appetite with regard to the Credit risk management processes is maintained and achieved.
• Help build best practice that enforces a proactive approach towards credit appraisal, monitoring, reporting and control in order to maintain the Asset book within acceptable quality parameters.
• Develop, maintain and update the Bank’s Internal Capital Adequacy Assessment Process (ICAAP) in line with the Bank’s Strategic Plans, Capital requirements and risk management practices.
• Ensure the necessary policies, procedures and controls are in place with regard to complying with applicable laws, regulations and international standards and best practices applicable to the Banking Industry
• Ensure the Bank is in compliance with various internal policies and procedures; and external regulations such as CBK regulations, FATCA and relevant laws.
• Implement and monitor the Bank’s Anti-Money Laundering & Combating the Financing of Terrorism programme
• Aggregate, review and report, at least quarterly, information on the major risk exposures of the Bank’s Business and Support Units.
• Facilitate Bank-wide required trainings on AML Compliance and other risk related required training.
• Establish a culture within the Bank that emphasizes commitment to internal controls, risk management and high ethical standards
• Oversee and manage the Bank’s Information security systems while ensuring the security triad of Confidentiality, Integrity and Availability is achieved and maintained.
• Oversee and manage the implementation of the Bank’s Business Continuity Planning and Disaster