Latest Jobs at SBM Bank

JOB PURPOSE:

To identify, monitor and report liquidity and market risks of the bank and facilitate decision making within regulatory limits and prudential limits approved by the Board Risk Committee.

KEY RESPONSIBILITIES:

Strategy - 40%

• Provide proactive strategic direction in identifying, monitoring and managing market & liquidity risks in the Bank’s Financial/Treasury Markets portfolios.
• Validating investment assumptions applied in risk valuation models.
• Reviewing and evaluating impact of economic changes on risk exposure levels by ensuring appropriate market and liquidity risk management frameworks are in place and reviewed with changing market conditions.

Risk Management - 30%

•  Identifying, monitoring and ensuring balance sheet/liquidity risks are managed within approved limit.
• Identifying, monitoring and ensuring, price risks, FX and derivatives risks are managed within approved limit.
• Proactively engaging Asset & Liability Committees and Risk Committees in pursuit of profitable and sustainable balance sheet growth ( Asset Liability Management).
•  Developing a frame work to guide Treasury and ALCO in achieving sustainable balanced risk / return positions.
• Setting and reviewing of liquidity risk limits in line with portfolio strategies, market conditions and liquidity profiles.
• Regularly reviewing policies, procedures and controls to reflect any changes in markets, products, systems, regulations and strategy.
• Providing risk exposure reports to Alco, Exco, SBM Group and the Board.

Compliance - 15%

• Enforcing internal compliance on treasury policies and procedures.
• Daily monitoring and reporting of Trading, ALM and liquidity limits.
• Preparing and reviewing risk capital calculations and ensuring local capital adequacy requirements are met.
• Preparing and submitting quarterly CBK stress test reports.
• Monitoring and ensuring compliance of counterparty limits.

People Management - 15%

• Managing, leading and motivating my direct reports.
• Coordinating ALCO meetings.

KEY RELATIONSHIPS:

Direct Reports to this Position 

• Assistant Manager, Regulatory & Statutory Complance.

Customers of this Position

• ALCO
• Treasury
• Board Of Directors
• EXCO
• SBM Group

Knowledge; Skills and Experience required for this Role

Job Knowledge:

• Good knowledge of Market Risk measurement models such as VAR, stress testing, LCR, NSFR etc.
• Understanding of financial instruments such as bonds, swaps, forwards, options and other money market instruments.
• Knowledge of liquidity risk measurement techniques.

Job Experience:

• At least 5 years’ experience in market & liquidity risks.

Education:

• Bachelor’s Degree in a Business related courses.
• Professional qualification in CFA/Accounting/FRM.

Competencies Required for this Role

• Strong Analytical skills.
• Strong numerical and problem solving skills.
• Good communication and presentation skills.
• Adherence to principles and values.

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JOB PURPOSE:

The job holder is responsible to provide oversight, lead the planning and conduct of operational audits at SBM Bank.

KEY RESPONSIBILITIES:

Strategic Management

• Develop risk–based annual audit plans detailing the scope, nature and timing of audit activities for operational audits.
• Regularly identify processes with key risk within branches, Xpress outlets and business operations in order to express an overall opinion on the organization’s risk management, control and governance arrangements.

Internal Audit and Continuous Improvement

• Promote dialogue and input from auditees with respect to the audit area, associated risks and areas of focus.
• Prepare accurate and strategic Board, Group and Executive Reports as required highlighting key focus areas within operations.

Operations and Sustainability

• Evaluate the design and operating effectiveness of the system of internal controls within operations, adherence to established policies and procedures, and regulatory requirements.
• Ensure the overall quality, consistency, risk management and adherence to department and professional standards for all audits, identifying opportunities for audit process improvement.
• To follow up on closure through the branch audit staff and full implementation of outstanding audit issues. In liaison with Regional Managers, Head of Branches and Risk & Compliance Departments to confirm full support is provided to branches and Xpress units in implementing remedial actions

Leadership

• Coach, develop and mentor team members in all aspects of the audit methodology also ensuring they are equipped with modern skills and tools.
• Review performance management of audit team guiding them on effectiveness and conformance to professional standards.

KEY RELATIONSHIPS:

Direct Reports To this Position

• Assistant Manager, Internal Audit
• Senior Officer, Internal Audit

Customers of this Position 

• Director, Internal Audit
• Other IA Staff
• Director, Operations
• Other Heads, Unit Managers as per the audit universe

Knowledge; Skills and Experience required for this Role

Job Knowledge:

• Extensive Industry banking practice and products & services.
• Internal Audit Professional Standards - International Professional Practices Framework (IPPF).
• Working knowledge of audit management systems and data analytics tools.

Job Knowledge & Experience:

• 6 years overall experience and out of which at least one (1) year should be at supervisory level.

Education:

• Bachelor’s degree in Finance or related field.
• Relevant Professional Qualification.
• Member of a relevant professional body.

Skills & Competences:

• Demonstrate high levels of integrity.
• Problem identification and solution skills.
• Ability to promote the value of internal audit.
• Able to effectively coach, mentor and develop staff in areas of expertise.
• Presenting and communicating information (including oral, written, report writing and presentations).
• Supervising.
• Persuading and Influencing.
• Initiating Action.
• Planning and Organizing.