Job Opportunities at Commercial Bank of Africa - 3 Positions

DEPARTMENT: ENTERPRISE RISK & COMPLIANCE

REPORTS TO: FINANCIAL RISK MANAGER

JOB PURPOSE STATEMENT

The role will support coordination and implementation of the Group’s market, liquidity and country risk management policies and processes. The role will be required to support the identification and evaluation of market, liquidity and country risks.

KEY RESPONSIBILITIES

• Quality of the group policies and related policy standards and guidelines (10%)
• Staff awareness of regulatory requirements, policies and guidelines. (10%)
• Compliance levels against established standards or benchmarks across the group. (50%)
• Quality of reporting on compliance and disposal of issues. (10%)
• Quality of leadership experienced throughout the bank and group with regard to propagating and championing on regulatory and internal policies regular update and compliance. (10%)
• Adequacy of personal competence through continuous professional and technical education to effectively perform compliance tasks. (10%)

COMPETENCE REQUIREMENTS

• Leadership to nurture and sustain employee satisfaction, and to manage changes.
• Performance Management to optimize own and team's productivity
• Organization development to effectively structure the team for optimal performance
• Strong financial analytical skills to effectively perform and/or guide performance of financial risk management activities/tasks in a manner that consistently achieves high quality standards or benchmarks.
• Interpersonal skills to effectively communicate with and manage customer expectations (internal and external), and other stakeholders who impact performance.
• Knowledge and experience in regulatory banking risk management guidelines and modern financial risk management practices and ability to initiate and implement tactical changes to support business performance.
• Knowledge and effective application of all relevant banking policies, processes, procedures and guidelines to consistently achieve required compliance standards or benchmarks.
• A thorough knowledge of Treasury products, and possess an extensive banking industry knowledge.
• Self-empowerment to enable development of open communication, teamwork and trust that are needed to support performance and customer-service oriented culture.

QUALIFICATIONS AND EXPERIENCE REQUIREMENTS

• At least an undergraduate degree or its equivalent in Mathematics, Finance, Banking, Economics, Business Administration (with a major in Finance) or similar quantitative disciplines.
• CPA (K) /ACCA qualification a must.
• ACI Certification desirable.
• Post graduate qualifications such as CFA and MBA will be an added advantage.
• Exposure to Treasury Front Office/Back Office and General Ledger reporting systems.
• Preferably a minimum of 6 years of relevant professional experience in banking and/or finance, including at least 3 years in Financial Markets/Product Control related areas.
• Experience with MS office and Treasury trading systems.

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DEPARTMENT: ENTERPRISE RISK & COMPLIANCE

REPORTS TO: GROUP HEAD OF RISK & COMPLIANCE

JOB PURPOSE STATEMENT

Working with the relevant Business Heads, ensure establishment of a business and operational compliance structure in line with best practice and regulators guidelines.

The job involves enterprise-wide coordination of identification and management of all compliance risks and will include propagating, monitoring and reporting on compliance with laws, regulations and internal policies, standards, guidelines and procedures.

KEY RESPONSIBILITIES

• Quality of the group policies and related policy standards and guidelines (10%)
• Staff awareness of regulatory requirements, policies and guidelines. (10%)
• Compliance levels against established standards or benchmarks across the group. (50%)
• Quality of reporting on compliance and disposal of issues. (10%)
• Quality of leadership experienced throughout the bank and group with regard to propagating and championing on regulatory and internal policies regular update and compliance. (10%)
• Adequacy of personal competence through continuous professional and technical education to effectively perform compliance tasks. (10%)

COMPETENCE REQUIREMENTS

• Leadership to nurture and sustain bank employees’ and other stakeholders’ commitment to high compliance levels and to manage required changes.
• Performance Management to optimize own and the unit’s productivity
• Technical skills to effectively perform and/or guide performance of compliance risk management and related activities/tasks in a manner that consistently achieves high quality standards or benchmarks.
• Interpersonal skills to effectively communicate with and manage customer expectations (internal and external), and other stakeholders who impact performance.
• Knowledge and experience in modern compliance risk management practices to initiate and implement tactical changes to support business performance.
• Knowledge and effective application of all relevant laws and regulations and bank policies, guidelines, processes and procedures and to consistently achieve required compliance standards or benchmarks.
• Self-empowerment to enable development of open communication, teamwork and trust needed to support performance and superior customer experience oriented culture.

QUALIFICATIONS AND EXPERIENCE REQUIREMENTS

• At least an undergraduate degree or its equivalent in Finance, Banking, Economics, Business Administration or law.
• Preferably a minimum of 5 years of relevant professional experience in banking / financial services industry, including at least 3 years in Compliance Risk Management related areas.
• Knowledge of regulatory compliance framework including related policies.
• Exposure to matters of Compliance Strategy and related Policy formulation.
• Good knowledge of the best industry practice and ability to adapt these practices to CBA environment.
• Good team player, with excellent communication and interpersonal skills.
• Competence in the use of standard software such as Word, Excel, Access and PowerPoint and proficiency in the use of spread sheets.

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JOB PURPOSE STATEMENT

To grow and maintain a portfolio of clients within assigned market segment by contributing to business growth for the Bank through recommending or selling Business Banking products and cross selling other Bank products and services so as to enhance value-add relationship with existing customers. This in Business strong personal drive in prospecting and acquiring new customers, pursuing incremental business within the existing customer base, managing customer expectations to sustain the business relationship and providing business advice that will benefit the client.

KEY RESPONSIBILITIES

• Business development - managing and retaining existing relationships and generating new business in the assigned market segments by providing core banking products and services. This will include increase customer base, growth in balance sheet (assets/liabilities & contingent liabilities), growth in earnings, increased facility utilization and actively cross-selling bank products and services. (45%)
• Relationship management - Adequacy of personal competence to effectively perform Account Relationship Management tasks to ensure the customer relations are maintained well to reduce complaints and also retain existing customers by management of customer expectations. Develop strategies for maintaining and further penetrating existing client base and execute the strategy through calls, visits, needs assessment, customer qualification and follow-up meetings to maintain, enhance and expand customer relationships (20%).
• Risk Management - Consistency in adherence to and application of established policies, processes, and tools to achieve optimal efficiency, compliance and cost containment. Minimization of exposures to and impact of risks associated with client portfolio in line with Bank credit policies, CBK regulatory requirements, and KYC and AML policies. (20%)
• Credit Preparation - Make financing proposals through the appropriate credit approval process by structuring proposals, analyzing financial statements, negotiating terms and conditions for facilities and managing administrative tasks including credit analysis and processing (10%)
• General administrative duties - To be the principal contact point for the new and assigned portfolio of Business Banking relationships and prospective customers to all other CBA units as customer needs by responding promptly to customer issues, questions and concerns. (2.5%)
• Reporting - Prepare and maintain appropriate reports on client portfolio and per set operational guidelines. (2.5 %)

COMPETENCE REQUIREMENTS

• Proactive and dynamic Sales and marketing skills to prospect and close business and expand market share. Embody teamwork fostering strong unit sales drives
• Strong Negotiation Skills to effectively negotiate and structure Business credits with average deal size of Kes 250m+ with minimal supervision
• Portfolio Management skills to manage portfolio comprising of assets of Kes 1.5B and Liabilities of Kes 2.5B
• Business Development to achieve business objectives with net growth in Asset volumes of Kes 750m+ per annum and liabilities Kes. 1B+ per annum
• Interpersonal skills to develop and maintain business networks and to effectively communicate with other stake holders who impact performance.
• Relationship management skills to effectively perform and coordinate Relationship activities/tasks in a manner that consistently achieves high quality standards or benchmarks and manage client relationship so as to ensure value add to the client and increase the Bank’s wallet share
• Strong commercial awareness. Understands and applies commercial and financial principles. Views issues in terms of costs, profits, risks, markets and added value.
• Good understanding of key Bank products to enable cross selling opportunities.
• Product development knowledge to recognize new product initiatives and product development areas
• Strong credit analysis skills
• Knowledge and effective application of all relevant banking policies, processes, procedures and guidelines to achieve required compliance standards or benchmarks.
• Self-empowerment to enable development of open communication, teamwork and trust that are needed to support performance and customer-service oriented culture.
• Broad knowledge of banking operations. Ability to segment the target market, gather market intelligence and identify opportunities
• Speaks clearly, fluently and in a compelling manner to both individuals and groups. Able to create rapport with others and develop effective communication and team spirit with colleagues
• Writes in a clear and concise manner, using appropriate grammar, style and language for the reader
• Strong Planning and Organizing skills to effectively organize and schedule events and activities and resources. Sets up and monitors timescales and plans.
• Persuasion skills to influence convince or impress others in a way that results in acceptance, agreement or behavior change.
• Networking to establish mutually beneficial relationships with other business people and potential clients and customers
• Risk management: Appreciation and experience in recognitions and mitigation of risks

QUALIFICATIONS AND EXPERIENCE REQUIREMENTS

• University degree – Upper 2nd Class Honors or 3.0 GPA.
• 5 years’ experience in Banking or related financial institution with at least 3 being in a sales or sales support role.
• Relevant professional qualification in banking, finance or marketing
• Practical experience in use of MS Office applications