Assistant Manager Market & Credit Risk at Mwanga Hakika Bank

Ensure all activities and responsibilities are executed in full compliance with regulatory requirements, the Enterprise-Wide Risk Management Framework, and internal Markets, Treasury, and Credit Risk policies, frameworks, and standards.

SUMMARY OF THE KEY DUTIES AND RESPONSIBILITIES

Policy Development & Oversight

• Lead the development, maintenance, and implementation of Liquidity, Capital, Market, and Credit Risk frameworks and policies.
• Provide guidance and recommendations for enhancements to ensure alignment with regulatory and organizational standards.

Risk Monitoring & Reporting

• Oversee daily treasury activities, investment portfolios, key treasury ratios/limits, and the banks credit portfolio performance.
• Prepare and deliver regular reports on market and credit risks based on Key Risk Indicators (KRIs), including actionable recommendations.
• Review and ensure the accuracy and timely submission of regulatory reports related to market, liquidity, and credit risks.

Credit Risk Management

• Conduct monthly and quarterly credit assessments covering KRIs, RCSA, credit documentation, administration, and recovery.
• Monitor compliance with the Credit Policy, including Single Obligor Limits (SOL), Aggregate Exposure Limits, restructuring conditions, and Delegated Approval Limits (DLAs), escalating exceptions as required.
• Review and recommend treasury and credit proposals to relevant committees before final approval.

Market Risk Oversight

• Investigate market risk metrics, including Profit and loss (P&L) variations and reconciliation discrepancies, and resolve exceptions promptly.
• Monitor daily market exposures against predefined limits and escalate breaches where necessary.
• Conduct stress testing on interest rates, foreign exchange, and liquidity to identify potential vulnerabilities.
• Validate treasury attestations, including stress testing results and risk appetite adherence.

Treasury Activities

• Compute and submit daily mean rates for FX system revaluation.
• Monitor and report on secured and unsecured counterparty line utilization and associated collateral.
• Ensure accurate revaluation and mark-to-market valuations for government securities.
• Verify the accuracy of market data in treasury software and maintain historical databases (e.g., yields, exchange rates, volatilities).

Stakeholder Engagement

• Participate in new product or business developments, significant change processes, and complex trade reviews by performing risk assessments.
• Provide input on valuation and risk measurement models for various trading products (e.g., Value at Risk).
• General Duties
• Monitor blotters for booked deals and report findings.
• Handle tasks and responsibilities assigned by the supervisor.

KEY COMPETENCIES REQUIRED AND ACADEMIC BACKGROUND

Education & Experience

• Minimum Bachelors degree in Finance, Statistics, Mathematics, Risk Management, Econometrics, Economics, or Accounting.

Required Experience:

• At least 3 years of experience in Risk Management within the banking sector.
• Strong understanding of Liquidity, Capital, Market, and Credit Risks, with practical experience in Treasury and Credit preferred.
• Broad knowledge of banking products and their associated risks.
• Familiarity with current and evolving regulatory requirements, translating them into actionable risk framework initiatives.

Required knowledge and skills

• Excellent negotiation and presentation skills, particularly with senior stakeholders.
• Strong relationship management abilities across all organizational levels.
• Comprehensive understanding of the regulatory environment and macroeconomic trends.
• Proficiency in analytical and risk assessment methodologies.