Financial Risk Analyst (Market & Credit Risk) at Bank of Africa Kenya Limited
Bank of Africa View all jobs
- Kenya
- Permanent
- Full-time
- Providing detailed coverage of risk management and business support in line with BOA Kenya's Risk Management Framework.
Key Duties and Responsibilities for the New Staff:
Enterprise Risk Management implementation through:
- Support implementation and periodic review of the Enterprise Risk Management Framework covering Credit, Market, Liquidity, Project, and ESG risks.
- Review risk events and follow up on mitigation actions.
- Review and monitor Key Risk Indicators (KRIs) aligned to the Bank's risk appetite.
- Maintain and update the Credit, Market, Liquidity, Project, and ESG Risk Registers.
- Support the development and review of the stress testing framework, scenario analysis, and capital modelling, including climate risk stress testing.
- Conduct monthly Credit, Liquidity, and Market Risk stress tests and analyze results.
- Perform monthly GAP analysis for Liquidity and Interest Rate Risk
- Develop and enhance valuation and risk models (e.g., Value at Risk (Var), Sensitivity Analysis) and present findings to MRCC and ALCO for review and adoption.
- Contribute to forward-looking climate and transition risk scenario analysis in line with sustainability disclosure requirements.
- New Product and Process Risk assessments.
- Review and monitor ALM controls, policies & limits.
- Monitoring of risk indicators against the Bank's various risk appetites.
- Support Market & Credit Policy reviews and governance updates.
- Check and ensure the adequacy between the Bank's practices and regulatory requirements (Basel II and various Risk guidelines).
- Preparation of reports (daily, weekly monthly, quarterly and Board as required).
- Prepare dashboards, management and regulatory reports (IFRS 9 model analysis, ICAAP Model, Counterparty reviews).
- Support implementation of ESG and Climate Risk frameworks
- Assist in integration into risk management processes and risk reporting as required.
- Monitor ESG regulatory developments.
- Daily scanning of Market information (Regulators, Securities Markets & General Information).
- Ensure the Bank's alignment to best practice and global standards.
- Monthly follow up for implementation of risk matters.
- Attend other risk related committee meetings and ad-hoc Project committee meetings.
- Other special assignments as assigned by the Head of Enterprise Risk.
- Bachelor's degree in accounting, Finance, Economics or Business Administration from a recognized University.
- Financial Risk Management Certifications (FRM, CFA, FRR, ACI) preferred.
- 1-3 years' experience in Market Risk within a bank or financial institution.
- Understanding of CBK Prudential and Risk Management Guidelines and other regulatory requirements.
- Knowledge of Enterprise Risk Management (ERM).
- Exposure to Credit, Treasury, Global Markets, or Branch Operations is an added advantage.
- Proficiency in Microsoft Excel.
- Communication: Strong written and verbal skills.
- Integrity and Professional Competence: High ethical and professional standards.
- Analytical Skills: Ability to analyze and solve problems.
- Innovation: Ability to improve processes and solutions.
- Initiative: Self-driven with minimal supervision.
- Adaptability: Open and responsive to change.
- Continuous Learning: Commitment to ongoing professional development.
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