Job Title:                     Group Head, Financial Risk & Analytics - Namibia

Industry:                      Banking

Location:                     Namibia

Salary:                         Competitive Salary Package + Benefits

 

Job Purpose:

To support the Group Executive ERM to ensure the identification and analysis of areas of potential risk threatening the assets, returns and earning capacity of the Group and its subsidiaries in the execution of the Group’s strategy.

 

The role is responsible for assessing risks to capital from market, liquidity and credit risks and forecasting the capital utilization and costs to the organization.

 

The role incumbent is also responsible to ensuring that the financial risks are properly managed under the Group Risk Internal Control and Assurance Framework and to advise on risk appetite and risk profile at a group and subsidiary level.

 

The role is further responsible for the analytics, financial and risk modelling and reporting capability to inform decision making and support the various governance and risk forums of the Group and subsidiaries. These forums include, but are not limited to, the ALCO, Credit Risk Forums, Management Risk Committees, Board Risk Committees. As a subject matter expert define and oversee the group’s risk frameworks for financial risks and provide advice. In this regard the role is responsible for assisting subsidiaries, specifically Banks, on a strategic level with regards to risk appetite, establishment of frameworks, policies, and standards.

 

KEY PERFORMANCE AREAS (KPA’S)

 

Leading the financial risk team

• Lead a team of financial risk specialists, provide the vision and strategy for financial risk management in the group, mobilize and motivate talent and intellectual capital to achieve clearly defined objectives
• Oversee functional processes and output for market, liquidity, credit and capital risk
• Oversee the Treasury Middle office team
• Mentor and develop team members in their respective roles whilst also providing growth opportunities beyond their roles
• Create an open and creative environment to maximize the contribution of each team member and the team as a whole

Policy and framework development

• Framework design and development: best practices, regulatory compliance, effective governance, evolving and adapting methods and tools, policy frameworks, segregation of duties (lines of defense), interaction with other functions (Finance, Treasury, Credit), operational
• Governance structures to oversee financial risks and capital
• Ensure regulatory compliance through appropriate standards, guidance and control frameworks.
• Strategy formulation and translation and planning. Drive enterprise-wide change related to financial risk management.

Risk Appetite and capital management

• Risk appetite setting and cascade to subsidiaries.
• Advise parameters for limit setting in subsidiaries.
• Ensure regulatory compliance through appropriate standards, guidance, and control frameworks.
• Perform capital allocations e.g., RAROC etc.
• Setting transfer price and computing NIM and RAROC

Advisory

• New product approval: ensure products are aligned with strategic focus and risk appetite

Oversight

• Identify limitations in the frameworks and structures, first line functions performed by second line, level of embedment of frameworks and structures, effectiveness of risk reporting, risk policy revisions, self-assessments, and issue remediation.
• Conduct conformance reviews.
• Contribute to combined assurance through independent financial risk profile reporting including emerging risks, root causes of losses, input to combined assurance reporting.

Quantitative analysis

• Calculate concentration across the group.
• Risk profile analysis, assessment, and decisions (Assets, Liabilities, P&L)
• Establish the competencies and capabilities needed to perform advanced quantitative analytics for risk management and for any other contracted areas in the group.
• Define and implement acceptable data management practices and a robust technology platform to support advanced analytics and modelling.
• Develop business intelligence and management information to be used for decision making.
• Introduce and deploy advanced technologies and methods to decentralize risk decision making through prediction and prescription.

Modelling

• Oversee and assist in the implementation of an effective modelling environment which adheres to sound practices and standards for modelling in banks.
• Review and validate PD, EAD, LGD models.
• Review behavioural models, sensitivity analysis, liquidity stress testing.
• Validate models.
• Build required financial risk models.
• Review results from models developed by finance department e.g., capital calculation.

Scenario Development and Stress Testing

• Scenario development to frame stress testing and capital planning
• Conduct market and trend analysis using key economic indicators
• Stress Testing and forecasting model – ensure models are maintained, enhanced, and interrogated as required by key stakeholders. Develop a Stress Testing Framework that is aligned to the Enterprise Risk Management Framework and Regulatory requirements
• Develop the competency and infrastructure to perform scenario development to support strategy and risk management processes group wide.

Clients and stakeholders

• The main clients and stakeholders that will be serviced by this function include the various risk committees where financial risk considerations are relevant. This includes Board Audit and Risk Committees, Executive Management Teams in the various group entities via management committees such as ALCOs,
• Credit and Liquidity risk forums and Risk Committees.
• Engage with regulators on matters of financial risk and capital as and when required.

Shared Services

• Support Finance with ICAAP – ensure proper planning is conducted, ensure all regulatory aspects are incorporated, create capacity and infrastructure to support modelling processes, ensure sufficient PRO and GPRO engagement conducted,
• Support Finance with IFRS9 – ensure sufficient investigation and preparation. In conjunction with the Finance Department, create sufficient awareness of IFRS 9, ensure modelling capabilities and infrastructure are in place to support modelling, head the creation and development of required models to support IFRS 9. Plan and coordinate annual external audits and semi-annual audit reviews for all entities. Note: The IFRS9 process and ECL model is owned by the Finance department but require the credit risk drivers from the Risk department; PDs, LGDs, and EAD.
• Oversee the Treasury Middle Office (TMO) function for Bank subsidiary.

Reporting and disclosure

• Submit reports to group risk structures: Risk profile per risk type, key risks and issues, risk management actions by category and subsidiary, risk strategy, state of framework adoption by subsidiaries, breaches of appetite and tolerance.
• Half-year and full year financial reporting, Integrated Report, and risk report in respect of financial risks.
• Reporting and disclosure to internal structures, regulators, and other stakeholders.
• Data and management information. As the data owner for financial risk data, ensure that mechanisms and practices exist to adhere to BCBS239 and other similar best practices with regards to risk data aggregation and reporting.
• Oversee the maintenance and continuous development of reports to Alco, Credit Forums, Risk Committees at management and board level.
• Responsible for any ad hoc requests pertaining to market and liquidity risk as required by finance and BON.
• Advise and report any material improvements, suggestions and errors pertaining to the statutory reporting.

Minimum requirements

 

CORE COMPETENCIES

• Strong verbal and written communication skills
• Attention to detail and strong numeric ability
• Deciding and initiating action
• Leading and supervising
• Planning and organizing
• Working with people
• Adhering to principles and values
• Persuading and influencing
• Presenting and communicating information
• Strong analytical capability
• Formulating strategies and concepts

EXPERIENCE/KNOWLEDGE & SKILLS

• At least 10 years in a bank, preferably in a credit and risk environment of which 5 (five) years should be on managerial level.
• Experience with the Regulatory environment for Banks and specifically the business / economic environment.
• Experience with enterprise-wide risk management practices.
• Executive and board level presentations and submissions.
• Experience leading and guiding a diverse team.
• Knowledge of market, liquidity, and credit risk measurement techniques.
• Understanding of structure and value drivers of retail, wholesale, and treasury banking products.
• Knowledge of Basel 3, IFRS and other relevant standards and rules.
• Excellent interpersonal skills / team player.
• Providing tools to manage market, liquidity, and credit portfolio risk drivers.
• Achieving consistency of methodologies in market, liquidity and credit portfolios across the Bank and Group.
• Establishing comprehensive modelling capability.
• Multi-disciplinary skills – IT, Finance, Economics, Mathematics, ALM and Risk.
• Financial markets and derivatives knowledge.