Senior Risk Manager at Co-operative Bank of Kenya

We have an exciting opportunity for a Senior Risk Manager to join our Risk Department, reporting to the Chief Risk Officer (CRO), will be responsible for Financial Risk management with the overall accountability for developing and implementing Strategic, Corporate Governance, Credit, Market, Liquidity, and Subsidiaries Risk Management Policy Frameworks in order to ensure the Co-operative Bank Group is adhering to Regulatory Prudential Guidelines, requirements and best risk management practices.

The Role

Specifically, the successful jobholder will be required to:

• Champion the overall implementation of the Group’s Enterprise Risk Management Framework and risk management best practices within the bank while acting as a center of excellence for Financial Risk Management
• Work closely with Business and Operations units within the Bank to establish, maintain and continuously improve risk management capabilities and culture
• Assist the CRO in the planning, administration and management of the Risk Management Departmental activities, plans, specific approvals, and budgets
• Monitor implementation of the Bank’s Risk Appetite statement and risk limits by the Bank’s various business and support units
• Assist in the designing, monitoring and implementation of financial risk mitigation strategies and measures for the Bank’s Credit (lending) operations, Treasury and ALCO processes
• Generate regular financial risk reports that monitor the various risk exposures that the Bank and Subsidiaries face. These include but are not limited to Credit Risks, Market Risks and Liquidity Risks.
• Assist in documenting the Bank’s ICAAP processes to ensure that industry best practices are incorporated to identify, monitor, and control Pillar I and II risks and the associated capital requirements.
• Manage and monitor the functions of the Credit Risk team, Market Risk team and Co-op Bank South Sudan Risk Management Department.
• Assist the Chief Risk Officer in drafting the monthly ALCO and quarterly Board Risk Committee (BRC) reports.
• Deputize the CRO in Board Risk Committee, Operational Efficiency Committee  & ALCO meetings as appropriate.
• Conduct Financial Risk Management awareness training for Bank staff.
• Implement the bank’s stress testing policy framework and tools that align with industry best practices and ensure effective processes are in place to identify, measure, manage, monitor, and report on risk exposures under stressed conditions.
• Provide support to the bank subsidiaries in implementation and monitoring the provisions/requirements of their Enterprise Risk policy frameworks.
• Keep abreast and monitor the Bank’s adherence to existing and new local (CBK) banking regulatory requirements.
• Keep abreast and monitor the Bank’s implementation of new and emerging global and regional banking regulatory requirements and best practice standards such as Basel Risk Management guidelines, King Corporate Governance Guidelines, COSO Integrated Risk Management Guidelines, and ISO 31000 Risk Management Guidelines.
• Conduct quality assurance reviews of all risk management output (working papers, reports and presentations) to affirm accuracy and completeness of facts and proper presentation before being submitted to the CRO.
• Strict adherence to all regulations, statutes, standards, practices and all internal processes and procedures as per the relevant manuals and compliance with all the relevant external legislations and regulations with regard to Compliance requirements.
• Manage and coach the Credit, Market and Subsidiary Risk teams.
• Network within the profession and relevant associations to keep abreast with the industry
• Coordinate risk assessments and promotion of internal controls and Enterprise Risk management practices.
• Carry out risk assessment reviews within the Bank and its subsidiaries as per the Risk Annual plan.

Skills, Competencies and Experience

The successful candidate will be required to have the following skills and competencies:

• Degree in Business, Finance, Statistics, Actuarial Science and / or Law or equivalent from a recognized institution / University. A Master’s degree will be an added advantage.
• Risk Professional qualifications from recognized risk management institution such as FRM (GARP), PRM and CISI (ASCI) is desirable.
• Minimum 5 years experience in Risk Management especially in Banking Operations, Prudential Guidelines and Financial Services regulations.
• Thorough understanding of relevant regulatory requirements, CBK Prudential and Risk Management guidelines.
• Ability to work with all levels of management and across branches and departments.
• Ability to understand and interpret financial information and principles.
• Good analytical and financial modeling skills.