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With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
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Job SummaryA dynamic, evolving, and broad risk management role at the bank encompassing market, capital, liquidity, and enterprise risk.
This role ensures a forward-thinking, agile approach to managing the bank’s risk landscape effectively, with a strong focus on anticipating and addressing forward-looking risks. It requires a strategic thinker with strong mental agility and intellectual curiosity, capable of understanding and managing all risk types. The role holder will be self-driven, solution-oriented, with a strong drive to own and complete tasks and projects effectively.
Job Description
Key responsibilities
- Identify and evaluate capital, liquidity, market, and a wide range of enterprise risks, including forward-looking risks.
- Innovative process development in response to changing market conditions and emerging risks.
- Ensure the bank meets regulatory requirements and industry standards through effective monitoring and reporting.
- Continuously monitor risk exposures, including climate risk, stress testing, and scenario analysis, to ensure the bank is prepared for various risk scenarios.
- Provide clear and actionable risk reports to senior management.
- Define and communicate the bank’s risk appetite and tolerance, ensuring alignment with strategic objectives and adapting to emerging and forward-looking risks.
- Coordinate integrated planning efforts to align risk management with the bank’s business strategies and objectives.
- Oversee the Internal Capital Adequacy Assessment Process.
- Report on optimal capital allocation and earnings volatility to ensure efficient and effective use of resources, financial stability, and resilience.
- Review and assess new product propositions for potential risks, ensuring they align with the bank’s risk appetite and market demands.
- Build strong relationships with key stakeholders across the organization to ensure project success.
Role/person specification
Preferred Qualification
- Bachelor’s degree in accounting and finance, business, math, or science discipline.
- Professional accounting qualification is an added advantage.
- Advanced degree (MBA, MSc) is an added advantage.
Preferred Experience
- Minimum of 12 years of financial industry experience in markets, treasury, risk, and/or product control, with at least 5 years in a leadership role.
- Proven track record in managing and executing enterprise-wide projects within a large, complex organization.
- Experience in agile environments and dynamic risk management practices.
Knowledge and Skills
- Proficiency in identifying, assessing, and managing a wide range of risks, including market, capital, liquidity, and other enterprise risks.
- Strong understanding of Balance Sheet and P&L, financials analysis, capital planning, and liquidity management.
- Exceptional analytical skills to evaluate complex risk data, perform scenario analysis, and stress testing.
- Knowledge of regulatory requirements and standards, with the ability to ensure compliance and navigate regulatory environments effectively.
- Strong problem-solving, and decision-making skills to develop innovative solutions for mitigating risks and addressing emerging challenges.
- Ability to make informed, data-driven decisions under pressure.
- Agility to adapt to changing work demands, market conditions, regulatory landscapes, and emerging risks.
- Ability to work collaboratively with across business functions to ensure a comprehensive approach to risk management.
- Ability to drive change and foster a culture of continuous improvement and innovation within the risk management function.
Absa Bank Kenya is an equal opportunity, affirmative action employer. Preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.
***Application Deadline – 12th September 2024***