The Market & Credit Risk Officer will ensure the bank is proactively identifying, assessing, mitigating, and monitoring credit and market risks that could impact the bank’s operations.
Key Duties and Responsibilities:
Conduct comprehensive risk assessments:
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- Computation and analysis of the different credit risk parameters resulting in the preparation of daily credit risk dashboard reports for decision making.
- Compilation of Monthly Credit risk Risk Assessment reports.
- Support the compilation of Basel II capital returns in compliance with the Bank of Uganda’s Basel II guidelines.
- Review and submit monthly IFRS9 provisions and BOU loan loss provisions report in line with regulatory requirements.
- Perform and submit monthly and quarterly market, liquidity & credit stress test reports to assess the bank’s resilience to adverse scenarios.
- Provide weekly class movement analysis to track portfolio migration trends.
- Develop weekly loan recovery reports for the loans under the Doubtful & Loss categories.
- Maintain and submit quarterly risk registers for the Business Growth team.
- Conduct targeted risk assessments on loans in arrears and prepare review reports identifying gaps resulting in increased defaults.
- Review loan files that require Management Credit Committee approval.
- Perform a detailed analysis of the bank’s financial exposure and liquidity risks to identify vulnerabilities.
- Provide recommendations to strengthen the bank’s liquidity position and financial stability.
- Coordinate and conduct Business Resumption Site tests to ensure the bank’s preparedness for unforeseen events.
- Undertaking Risk independent reviews and spot checks in branches & Head Office departments to assess the effectiveness of policies and procedures and identification of vulnerability points and gaps for improvement of process flows.
- Any other duties as assigned by the Head of Risk
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Training and Awareness
- Conduct risk awareness through various programs to cultivate a strong risk culture and accountability across the bank.
Governance and Compliance:
- Monitor Credit operational activities to ensure adherence to set policies, procedures, and guidelines governing risk identification, assessment, control, and overall risk management processes.
- Analyse audit findings and assist in implementing audit recommendations
Qualifications, Skills and Experience:
- Bachelor’s degree in commerce, Economics, Business Administration, Actuarial Science, Statistics, Mathematics, or any other related discipline from a recognized university.
- A minimum of at least 2-5 years’ experience in a Supervised Financial Institution (SFI), two years of which were gained from Credit operations.
- Knowledge in risk management: The ability to identify and assess risks and vulnerabilities.
- Strong analytical and problem-solving skills to timely identify and deal with threats before risks materialize.
- Interpersonal Skills.
- Effective communication with team members, management, and other stakeholders.
- Reporting: The ability to communicate risk assessments and recommendations clearly and concisely to non-technical stakeholders.
- Ability to nurture functioning working relationships across organizational, corporate, and cultural boundaries.
- Industry Knowledge: Familiarity with industry-specific trends in risks and regulations can be advantageous.
- Self-driven, assertive, and proactive.
- Ability to exercise the highest level of integrity and confidentiality
How to Apply:
Interested candidates should email their application letter, Curriculum Vitae, and copies of relevant academic documents, IN PDF FILE mentioning the job title as the subject matter to recruitment.bracugandabankltd@brac.net All applications should be addressed to the Head Human Resource BRAC Uganda Bank Ltd.
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Deadline: 24th November 2024
Note: Only shortlisted candidates will be contacted.
