Head Risk & Internal Control at Mkobo Microfinance Bank Limited (Mkobobank)

Qualifications

Candidate Requirement

• BSc in Accounts, Finance, Economics or related subjects
• Minimum of 5 years in the financial services, with sufficient experience in risk management.
• Clearly demonstrate competency in Enterprise Risk Management, Credit Risk Management, regulatory and other statutory requirements, especially in areas of credit risk management.
• Awareness of emerging and innovative credit risk assessment such social scoring, alternative credit scoring and big data analytics tools.
• Excellent knowledge of various types of risks (credit, operational, market, liquidity, environment and social)
• Strong execution and operational skills, with ability to define and map processes and ensuring compliance
• Strong data analysis skills, the ability to study data and find correlations that can be used to improve data-driven decisions
• Ideally Microfinance Certification program (MCP) certified and professional Risk Management certification

Competencies:

• Experience developing policy and process documents
• Excellent presentation and communication skills
• Good team player with excellent leadership traits
• Planning and organisation skills
• High degree of professionalism, maturity and confidentiality
• Strong interpersonal and presentation skills.
• Strong analytical and problem-solving skills
• Innovative and strategic thinking
• Sound interpersonal and negotiation skills

Job Role

Purpose of the Position:

• The Head Risk Management has overall responsibility for the Risk Management function.
• The position is responsible for ensuring risk management activities are closely aligned with global best practices in executing the duties across the Company’s business and financial operations.
• He/she works to ensure roles, responsibilities, and results are efficiently coordinated and optimised to ensure the effectiveness of risk management.

Key Functions:

• You will maintain oversight over the Bank’s Enterprise Risk Management (ERM) activities
• Establish and company-wide risk management
• Responsible for implementing the bank’s Risk Management Policy Framework as periodically revised and approved by the Board of Directors.
• You will be responsible for the development and implementation of policies and procedures that will reduce credit risk in the Bank.
• Ensuring that the bank’s risk identification and assessment is built on sound and reliable frameworks and systems.
• Work with the data science team to design and implement robust data driven credit risk processes and policies to support the scale up our credit businesses. While also leveraging customer data to build risk segmentation and mitigation strategies.
• Perform regular reviews and analysis of the non performing loans to identify common factors, and leverage the insights to modify the credit risk processes to prevent these factors, track the changes to ensure improved performance.
• You will work closely with the Technology team to drive automation of the necessary reports for effective monitoring of the credit portfolio and the credit risk
• Developing methods to generate a robust system to identify, monitor, manage and control credit, market and operational risks.
• Facilitate the identification, assessment, measurement, monitoring, controlling and reporting the level of risks
• Act as the champion of risk management for the Company and help improve Management team understanding of key risk identification, assessment, monitoring and reporting and mitigation.
• Provide support, education and training to all team members in order to drive risk awareness across the business
• Work with loan recovery team, in negotiating work out plans and strategies for delinquent customers and provide additional support with respect to exposures requiring collection agencies or legal action
• Prepare timely, comprehensive and reliable credit risk reports to senior management and board on a regular basis
• Monitor and manage the performance and development of direct reports.
• Develop appropriate Risk Management strategies/tools and disseminate appropriate risk management practices in line with developments in business products, change in clients, markets/industry, laws and regulations.