Manager Credit and Market Risk Job at I&M Bank Uganda

I&M Bank Uganda

Manager Credit and Market Risk Job Post

Location: Jobs in Uganda 2023 - 2024

Work Hours: Full-time, 08 hours per day

Salary: UGX

No. of vacancies: 01

Deadline: May 01 2024

Hiring Organization: I&M Bank Uganda

Job Details:

I&M Bank Uganda is a commercial bank headquartered at Kingdom Kampala with a growing regional presence. 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. We are seeking to recruit a competent and highly motivated individual with extensive experience and abilities to support business growth in the following position:

JOB TITLE: MANAGER CREDIT AND MARKET RISK
LOCATION: HEAD OFFICE
REPORTS TO: HEAD OF RISK

JOB PURPOSE
The Job holder is responsible for Enhancing and integrating the function for Bank wide risk Management to build capacity and the ability to identify, measure, monitor and control the underlying credit and market risks that the Bank thereby safeguarding financial health and stability of the Bank.

KEY RESPONSIBILITIES:
Credit Risk:
• Develop and enhance tools for identification, measurement, monitoring and reporting of risks arising from treasury and credit business of the Bank.
• Manage the entire procedure for credit risk identification, investigation, analysis and the reporting of lessons learnt from incidents.
• Develop and enhance relevant policies for market and liquidity risk.
• Review and report Credit Risk trends in portfolio quality and adequacy of the Bank’s Provisions for credit losses. Perform monthly and quarterly stress testing to ascertain the Bank’s resilience towards plausible shocks and advise management on key risk areas or trends and their anticipated impact to business for their prompt decision making and action.
• Ensure timeliness and accuracy of the Credit reports generated to permit effective analysis, sound and prudent management and control of existing and potential credit risk exposure.
• Provide input to the process of setting Risk Appetite thresholds for credit, market, and liquidity risk.
• Review assumptions and adequacy of the Stress tests.
• Review and report on the adequacy of the Bank’s Internal Controls within the entire loan process.
• Participate in the review and or updating of the Credit policy, Credit processes, procedures, and credit products.
• Prepare credit risk reports for submission to Head, Risk Department, Management Risk and Compliance Committee, Board Risk Committee to facilitate active risk oversight. Compile and submit relevant information reports to management for their deliberation or discussion. (Risk Management Committee, Assets and liabilities Committee, Management Credit committee, Group ALCO, Group RMC, and Board Risk Committees).
• Perform risk assessments for new products/systems/processes for Treasury and Credit department.

Market Risk:
• Review the Bank’s FX transactions and obtain explanations for any irregularities in pricing.
• Review Dealer Trading Limits daily and obtain sufficient approval in case of the limits being exceeded.
• Carry out position monitoring for currency limits.
• Regularly review counterparty transactions and limits every end of day and obtain approval for excesses observed.

KEY PERFORMANCE INDICATORS:
• Maturity on the implementation of the risk management framework
• Achievement of risk management implementation plan
• Proactive identification of emerging risks
• Quality of credit portfolio
• High internal and external customer satisfaction index
• External rating
• Compliance with internal and external policies and regulations

Minimum Education Qualification:
• Bachelor’s degree in finance, Business, Accounting, Actuarial Science, Commerce, or its equivalent.
• A master’s degree in the relevant field is an Added Advantage Professional. Qualification: Chartered Institute of Management Accountants Advanced Diploma,
• Chartered Financial Analyst, Association of Chartered Certified Accountant qualification or Certified Practicing Accountant qualification, Certified Internal Auditor (CIA), Certified Actuarial Analyst.

Work Experience:
• Minimum of 6 years’ experience in the related field in a commercially oriented organization with at least 3 years at a supervisory
• Demonstrates proven success in a role that emphasizes the following: Credit and Market risk Management.

Required Competencies (Knowledge, Skills & Abilities):
• Knowledge of the banking industry in Uganda.
• Knowledge of Bank Operational policies and procedures.
• Knowledge of Credit management policies and procedures.
• Business and financial analysis skills.
• Strong credit and operational risk assessment skills

Note: Deadline for this job posting is 1st May 2024 at 5:00pm and only shortlisted candidates will be contacted