CBA has a proud heritage as
one of East Africa’s leading financial institutions and has for the past 50
years set the standard for personalised service and customer relation
excellence.
We attribute our success to the way in which we grow and nurture our talent. By
aligning our values of elegance, prestige, comfort and confidence with an ethos
of high performance and distinction, our brand promise is realised for both our
customers and employees, giving them the opportunity to “get more out of life.”Manager, Financial Risk Management
Reporting to the Group Head of Risk Management and Compliance, the purpose of this role is to support the Risk Management Function in safeguarding and improving the Bank and Group risk bearing capacity and the efficient use of this capacity through formulating Asset and Liability Management(ALM) policy and guidelines.
The job includes
propagating, monitoring and reporting on compliance with the ALM policy and
guidelines.
Main Activities
Main Activities
- Formulate
and periodically review the Asset & Liability Management (ALM) Policy
and Guidelines for the Group.
- Develop
and/or maintain appropriate benchmarks for all financial risks arising in
Treasury operations, through implementation of desk/individual trading
limits, and adherence to established stop loss, hedging, and mark to
market disciplines; monitor and review positions according to specific
criteria, and review overall trading activities/policies.
- Develop and
maintain financial risk management tools and systems in accordance with
best practice standards.
- Analyze
currency mismatch positions, and duration mismatch between Assets and
Liabilities, and estimate impact of currency and interest rate movement on
the Group balance sheet.
- Analyze
maturity structure of the Group’s existing Assets and Liabilities in order
to evaluate and manage the risk exposures;
- Prepare the
Group’s Monthly Liquidity and Market Risk Reports and the accompanying
presentation to various Committees.
- Monitor and
ensure suitable confirmation of counterparty deals and speedy resolution
of any dispute thereof.
- Periodically
review functionalities of Front and Back Office systems to ensure
integrity and straight through processing of transactions.
- Ensure
appropriate identification, measurement, monitoring and reporting of
liquidity, market and credit risks.
- Establish
and maintain a control framework to ensure compliance with ALM Policies
and Guidelines.
- Maintain
appropriate relationships with Regulators and Rating Agencies and liaise
with internal/external auditors; Propose, execute and manage balance sheet
management strategies while assisting in the budget & balance sheet
forecasting process.
- Assist with
the development of the bank’s funding plan, including modelling
alternative funding strategies.
- Prepare and
submit monthly ALCO reports, including comprehensive commentary to the
ALCO on ALM issues.
- Review and
re-calibrate, on at least an annual basis, all behavioral liquidity
assumptions and submit updated assumptions to ALCO for approval.
- Review and
update all assumptions pertaining to liquidity stress testing and
associated contingency plans on at least a quarterly basis.
- Report the
outcomes of audit findings to ALCO, Risk and Treasury.
- Ensure the
creation and maintenance of records for audit purposes and ensure
processes are in line with governance and compliance standards.
- Ensure
continuity in the application of set standards, policies and procedures
through education and training, and plan ahead for succession and
continuity of skills.
- Participate
in propagating a risk awareness culture in the Bank.
- Perform
other duties as assigned by the immediate supervisor.
Qualifications and Experience Requirements
- Undergraduate
degree or its equivalent in Mathematics, Finance, Banking, Economics,
Business Administration (with a major in Finance) or similar quantitative
disciplines – Upper Second/GPA 3.0.
- Minimum of 6
years of relevant professional experience in banking and/or finance,
including at least 3 years in Financial Risk Management or related area.
- ACI
Certification or Risk Management certification is desirable.
- Exposure to
Treasury Front Office/Back Office and Reuter’s system.
- Experience
with MS office and Treasury trading systems.
You can send your resume to jobs@cba.co.ke
Closing Date: 22nd July 2012
Job offers will only be sent to individuals who have applied and have successfully been through our selection process.
We are an equal opportunity employer, and do not ask individuals to supply funds as part of the recruitment process.
Closing Date: 22nd July 2012
Job offers will only be sent to individuals who have applied and have successfully been through our selection process.
We are an equal opportunity employer, and do not ask individuals to supply funds as part of the recruitment process.
