Chief Risk Officer

I&M Bank is a significant player in the Kenyan market and across the region having presence in Kenya, Mauritius, Tanzania and Rwanda. The Bank offers a wide range of commercial banking and financial products and services, and prides itself on introducing innovative products and services based on the needs of its customers. The position will be required to oversee management of all facets of risks in banking across its Kenyan operations and its banking subsidiaries in the East African region. The position will be based in Nairobi, Kenya. However, the successful candidate will be expected to travel across the region when called upon.

  •  Ensure institutional adherence to internal and external risk parameters
  • Responsible for developing the mechanism for identification, monitoring and managing the financial and non-financial risks of the Bank and its regional subsidiaries/associates
  • Identify, measure, monitor and control all categories of risk and determine appropriate risk tolerance levels as per policy. Development of risk appetite, risk policies and risk limits including formulation of an overall bank /Group risk Management Strategy, Market Risk Management policy, Operational Risk Policy, Credit Risk Policy, Adjusted ALM Policy
  • Oversee credit function and all aspects relating to management of credit risk and administration including critical examination of large value credit proposals
  • Monitor and report monthly the portfolio exposure and risk concentrations
  • Create risk awareness, develop & maintain risk reporting systems and risk quantification methods
  • Assist top management and board in risk understanding, measurement, and control methodology and undertake at least annual review of all policy documents and manuals
  • Prepare reports for the board on the bank’s risk profile and identify best global practices on risk
  • Actively participate in the bank’s Assets and Liabilities Committee and provide critical inputs.
  • Ensure in-depth appraisal of credit proposals, post sanction monitoring of advances portfolio, monitoring of non-performing advances through NPA Committee and legal department, policies and procedures, risk assessment etc
  • Successful candidate will be expected to travel across the region when called upon

 

Person Specification

  • At least 15 years all around and hands on experience in Banking under different areas/ functions such as Risk, Operations, Treasury, Credit, Finance, Audit with at least a minimum of 3 years in Risk Management
  • Sound understanding of Enterprise Risk Management principles
  • Ability to work with all levels of management and across business units and departments
  • Knowledge of Base I, II and III accords and financial instruments
  • At least 5 years’ experience in risk modelling
  • Good understanding of financial instruments and computer programmes
  • Develop & maintain risk reporting systems and risk quantification methods
  • Participate in Assets and Liabilities Committee (ALCO) of the Bank and provide critical inputs
  • Candidate should have a bachelor’s Degree in a Business-related field and a Master’s Degree in Business, Finance or its equivalent from a recognised institution
  • Following professional qualifications would be an added advantage, Relevant certifications in the Risk profession, Member of associate of Kenya Institute of Bankers (AKIB) or its equivalent professional body

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