Manager - Enterprise Risk Management at Sidian Bank

Sidian Bank

  • Kenya
  • Permanent
  • Full-time
  • 18 days ago
At Sidian Bank, we recognize the significant accountability and inherent risks that an entrepreneur takes to make his ideas and dreams a reality. It is for this reason that our mission is to empower entrepreneurs to create wealth through provision of transformational financial solutions that meet entrepreneurs needs and facilitate growth through convenience and choice.Manager - Enterprise Risk ManagementJOB PURPOSETo lead the development, implementation, and continuous improvement of the Bank's Enterprise Risk Management framework, with a strong focus on financial risks (market, credit, and liquidity) and regulatory capital adequacy.The role will ensure that risk governance meets industry best practices and regulatory standards, including Basel requirements, ICAAP, and Pillar 1 & 2 risk management.KEY RESPONSIBILITIES AND ACTIVITIESERM Framework & Policy
  • Develop and uphold ERM policies, procedures, and risk appetite statements, focusing on the governance of financial risk.
  • Ensure conformity with ISO 31000, COSO ERM, Basel III/IV, IFRS 9, and relevant local regulations (CBK Prudential Guidelines).
  • Facilitate the incorporation of market and credit risk evaluations into the Bank's strategic plan.
Risk Identification & Assessment
  • Perform risk assessments across various portfolios, business sectors, and investment offerings.
  • Recognize new risks associated with fluctuations in interest rates, foreign exchange volatility, credit risks, counterparty defaults, and liquidity shortfalls.
  • Sustain an evolving risk register that includes quantitative models for assessing risks including market, liquidity, and credit risk.
Market Risk Management
  • Monitor exposures to interest rate, foreign exchange, equity, and commodity risks.
  • Conduct stress testing, Value at Risk (VaR) assessments, sensitivity analyses, and scenario evaluations.
  • Propose strategies and actions to mitigate market risk.
Credit Risk Management
  • Supervise the processes for assessing credit risk across retail, corporate, and interbank exposures.
  • Keep track of portfolio concentration, credit ratings, counterparty limits, and trends in non-performing loans (NPL).
  • Enhance credit risk underwriting standards in partnership with business units.
Liquidity & Capital Adequacy
  • Monitor liquidity shortfalls, funding sources, and adherence to LCR and NSFR ratios.
  • Assist in documenting and implementing the Bank's the Internal Capital Adequacy Assessment Process (ICAAP) processes to ensure alignment with industry best practices.
  • Guarantee the proper identification, monitoring, and control of Pillar 1 risks (credit, market, operational) and Pillar 2 risks (concentration, IRRBB, strategic, reputational, etc.).
  • Facilitate capital planning to satisfy current and anticipated capital needs.
  • Support the Internal Liquidity Adequacy Assessment Process (ILAAP).
Risk Monitoring & Reporting
  • Establish Key Risk Indicators (KRIs) based on Bank risk taxonomy to include market, credit, and liquidity risks.
  • Create dashboards, exposure reports, and presentations for the board.
  • Report any breaches of risk appetite and coordinate corrective actions.
Governance & Compliance
  • Support (internal and external) audits and regulatory inspections concerning risk management and capital adequacy.
  • Ensure adherence to CBK Prudential Guidelines, Basel standards, IFRS 9, and other relevant frameworks.
  • Communicate with regulators regarding market, credit, and ICAAP-related issues.
Business Continuity & Crisis Management
  • Incorporate financial risk and capital adequacy stress scenarios into Business Continuity Planning (BCP) and Disaster Recovery Planning (DRP) testing.
  • Lead contingency planning testing efforts for market disruptions and systemic shocks.
Training and Awareness
  • Enhance capacity in the areas of enterprise risk management and capital adequacy principles.
  • Deliver specialized ICAAP and ERM training sessions to management and essential personnel.
  • Drive enhancement to team performance and achievement of team goals
  • Provide staff with leadership and guidance to improve their work product and increase client effectiveness
  • Any other duties assigned by Head Enterprise Risk Management
KNOWLEDGE, SKILLS & EXPERIENCEQualifications & Experience:
  • Bachelor's degree in Finance, Risk Management, Economics, Accounting, or related discipline.
  • Professional certifications: FRM, CFA, CPA, CRM, or equivalent.
  • Minimum 7 years' experience in financial risk management, with at least 2 years in a managerial role.
  • Proven ICAAP, market risk, credit risk, and capital adequacy expertise.
  • Masters Degree is an added advantage in Finance, Economics, Risk
Skills & Competencies:
  • Strong analytical and quantitative skills; proficient in risk modelling tools.
  • Deep understanding of Basel capital and liquidity requirements.
  • Skilled in stress testing and capital planning methodologies.
  • Strong stakeholder engagement and communication abilities.
  • Thorough understanding of CBK regulatory framework
  • Ability to understand and interpret financial information and principles.
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