Group Head, Risk Management at IBILE Microfinance Bank Limited

Job Summary

• Minimizes the Bank’s risk exposure and maximise portfolio profitability by ensuring optimal assets and liabilities mix while maintaining effective financial controls Bank-wide.
• Promotes continuity in the Bank’s operations by developing business control policies and operational guidelines thereby minimizing exposure to potential risks and impact on business performance.

Job Description

• Contributes to the development of Corporate Strategy
• Develops Risk Management Strategy in alignment with the Corporate Strategy
• Formulates Bank-wide risk management policies and ensures that the policies, controls and procedures, are effectively disseminated and complied with across the Bank.
• Risk Management Framework
• Designs a robust enterprise risk management framework for the Bank
• Identifies the internal and external risks affecting the achievement of the Bank’s objectives and develops a Bank-wide risk profile
• Assesses risks, considering the likelihood and impact as a basis for determining how they should be managed
• Understands key elements of the Bank's risk profile, establishes risk tolerance levels across organization and develops proactive mitigating and coping strategies
• Manages risk responses – avoiding, accepting, reducing, or sharing risk- by developing a set of actions to align risks with the Bank’s risk tolerances and risk appetite.
• Monitors the enterprise risk management process and make modifications as necessary
• Provides analytical support to management regarding risk metrics
• Embeds a positive culture of informed risk taking through training, communication and promotion of the agreed risk framework.
• Communicates relevant information in a form and timeframe that enables others to carry out their responsibilities.
• Drives and coordinates internal preparations and responses during relevant regulatory examinations and reviews
• Keeps abreast of relevant laws, regulations and code of good business practices and incorporates them into the risk management and governance frameworks
• Develops appropriate systems to ensure the risks associated with the Bank’s lending are clearly identified and that appropriate mitigation measures are instituted
• Develops necessary credit policies and processes and disseminates accordingly
• Liaises on a daily basis with relationship managers etc. on various credit issues
• Manages the documentation and safe-keeping of all security documents and credit files
• Coordinates/supervises bank-wide credit risk assessment and control process
• Monitors post- disbursement performance of credits to detect early warning signals and facilitate good risk assets quality
• Directs the team’s activities for Collateral Management and Loan Restructuring
• Oversees efficient administration of all debt recovery activities and works on reducing the Non-Performing Loans and Watchlist accounts
• Monitors and reports on risk limits and exposures above regulatory requirements and the Bank’s risk appetite
• Recommends Bank’s risk appetite to Executive Management. This will include portfolio limits, loss limits and other management action triggers.
• Reviews Treasury products/activities (on and off-balance sheet) for the identification of any underlying market/liquidity risk factors
• Annual and ad-hoc review of limits for Treasury proprietary trading activities, including recommendations for blacklisting defaulting counterparties where appropriate.
• Manages the bank’s asset and liability position by ensuring optimal liquidity at minimal risk
• Carries out daily, weekly, monthly and quarterly quantification of the bank’s exposure to the different sources of market risk in comparison with Management approved limits
• Manages all operational risk resulting from inadequate or failed internal processes, people and systems or from external events
• Manages strategic and reputational risks.
• Evaluates the internal and external business contexts for potential and current risks and provides insights on the appropriate response to Executive management
• Reviews workflows, process steps and existing policies and procedures to identify areas of risks and provide recommendations for mitigation
• Assists in the development of business continuity plans to limit risk and prepare for disaster recovery
• Develops and maintains an early risk alert reporting system
• Reports significant risk exposures and control issues around fraud risks, governance and other matters to the Board as needed or requested
• Provides accurate and objective business control assessment reports (issues, recommendations) to inform and guide Management on the state of compliance with relevant regulations and risk control policies
• Staff Coaching and Performance Management
• Monitors and evaluates performance of staff in Risk Management Function
• Conducts effective training to improve the capability of team members
• Provides career development support and adequate coaching to team members
• Ensures the Risk Management department and also subsequently develops initiatives to ensure continuous improvement on:
• Processes and Policies including process maps
• Reporting Framework
• Risk Management Tools and Templates
• Staffing including training, manning, coaching, utilisation, performance management etc.

Qualifications

• HND / University Degree in Banking, Accounting, Economics or other related field;
• Member of a Professional accounting body e.g. ACCA, ICAN , ANAN is an added advantage
• Minimum of 4 years work experience in similar role
• Minimum of 2 years’ in a senior management role
• Cognate experience in a state or national microfinance bank or similar financial institution
• Interfaced with regulatory bodies during examination
• Knowledge of the banking regulations and laws.
• Proficiency in Computer Applications Excel /Microsoft Office/Banking Applications such as Bank One.