Academic Qualifications and Trainings required:
- Minimum B.Com. Accounting, Business Studies or B.Sc. Economics, Finance Degree or equivalent.
- Professional qualification such as full IOBZ, ZCTA, CFA, CIS, CIMA or ACCA is required.
- Must be a qualified Chartered Accountant or Chartered Financial Analyst.
- A holder of a post graduate degree such as MBA, MSc. Economics or equivalent is required.
- A holder of a post graduate degree such as MBA, MSc. Economics or equivalent will have an added advantage.
- Should be part of the IOBZ professional group/membership
- The candidate may have the following on-going training in-order to perform this job more effectively: Risk Management; General Seminars and Workshops in Accounting; Project Management; General Management.
Experience:
- 4 years at a relevant senior managerial job
- 3 years at a relevant managerial job
Main Duties and Responsibilities:
- Formulates, implements and monitors unit strategic business plan and ensures its supports all business units in-line with the Group strategy.
- Manages and monitors market, credit, reputational, liquidity, operational, legal, information risks and any other risks in-line with market best practice and overall group strategy.
- Formulates, implements, monitors risk management policies and procedures that support business and minimize Group exposure.
- Implements BASEL II risk management and ensures that laid down procedures are adhered to.
- Develops an enterprise wide risk management framework for the Group and ensures it is functional at all times.
- Researches on modern risk management trends and seeks approval to implement the same for the benefit of the Group.
- Supervises the Computer Security Department to ensure the Group security systems are secure.
- Advises senior management on all risk that encroaches on the business and recommends necessary action to minimize risk impact.
- Advises the Committee on issues that affect the mandate of the Committee.
- Develops, implements and manages the budget for the department.
- Establishes and maintains a full and effective staff complement.
- Manages staff performance.
- Develops and implements a robust succession plan to ensure business continuity.
- Manages training and development initiatives for staff.
Overall Purpose:
Preserves, grows and creates shareholder value through the risk process. Assists the organisation achieve its goals and objectives by timeously identifying, monitoring, controlling, and reporting risks that may affect performance and capital.
Critical soft and technical competencies required:
- Must have excellent process evaluation and analysis skills and understands the various regulations and legislations governing the financial services sectors (Banking and Insurance);
- Experience of leading and managing risk audit teams;
- A thorough understanding of systems and risk based auditing;
- Comprehensive knowledge of Risk Management standards and procedures;
- Must be able to develop, evaluate and interpret financial statements;
- Experience in preparing Board papers is desirable;
- Must have good communication and negotiation skills;
- Must have a thorough understanding of market trends and related dynamics and be able to advice management accordingly;
- Must be an innovative and business oriented person with a thorough grounding in business management and dynamics;
- Must have proven team leadership skills;
- Advanced knowledge of the Microsoft Office suit of package;
- Must have knowledge of relevant accounting packages.
Problem Solving
Listed below are the typical work related problems that may be experienced in this position:
- Implementing the risk reporting cycle.
- Managing costs;
- Ensuring compliance to company policy and regulatory requirements;
- This job coordinates data supply from departments/ functions that do not report to this position. This often results in a delay of supply of information that is critical for meeting the KPI’s of this job;
- Dealing with regulatory authorities;
- Coordinating people that may not understand the purpose of particular activities;