Risk and Compliance Manager
Maendeleo
Bank PLC is inviting applications from qualified and experienced
candidates to fill vacant positions in its staff complements at its Head
Office. The Bank seeks to recruit highly competent, self-motivated and
professional individuals as follows:
Job Summary:
Responsible
for evaluating and contributing to the effectiveness of risk
management, control, and governance processes for the bank and operating
independently of other departments. This position reports to the
Managing Director, administers the Risk Management Policies and
Procedures, and coordinates the activities of the, BoT Examiners as well
as other assurance providers.
Key Responsibilities:
Key Outputs
Standardization of Risk Management Policies and Procedures and embed risk management processes bank wide.
Annual review of Risk Management Policies and procedures.
Assist
in formulation and review of new policies and procedures for new
products, and for guidelines issued by the regulatory authorities.
Coordinate with functional/ branch/ department heads and catalyze assessment of functional risks.
Conduct bank Risk Team meetings and facilitate implementation and review of the action points arising out of the meetings.
Continuous monitoring of risk assessment matrix for credit, market and operational functions.
Align Risk management processes with market opportunities
Facilitate integrated risk-based audit.
Measure risks where needed and suggest mitigants
Credit
To participate in the formulation of bank credit policies and lending practices.
To establish, design and review credit grading systems and establish quality assurance measurements.
To pursue measures that will improve lending skills and standards – such as staff training.
To
develop a data bank on industry analyses / market intelligence and
liaise with the Credit Reference Bureau so as to review and initiate
action to enrich and modify the overall credit risk profile of the bank.
To
monitor the prevailing trend and quality of the credit portfolio in the
bank, through various management report such as Arrears and
Non-Performing Loan Reports(NPL)
Monitoring of credit risk so as
to ascertain the overall health of each asset and overall portfolio and
confirm that exposures are in line with the bank’s policy guidelines so
as to ensure the quality of the credit portfolio
To review HR
capacities in relation to credit functions in all the units and in
liaison with the Human Resources Department identify training needs and
recruitment of staff where necessary.
To participate in the
general management of the Bank and streamline the credit operations in
the Bank through actively participation in re-engineering systems and
controls review programmes.
Oversee implementation of the systems and controls as they relate to credit functions at all branches.
Ensure that all the Bank’s Credit Policy and Procedures are implemented across all department and branches.
Operations
To assist in assessing and implementing effective operational risk management by branches /department heads.
Establish
adequate safeguards to protect against Operational Risks including
Internal fraud, external fraud, employment practices, market
manipulation, execution failures through data entry, business
disruptions, failed mandatory reporting, negligence.
To monitor and report the OR findings to the Management Risk Committee (MRC) on monthly basis.
Market
Identify
Market risk factors (equity, interest rate, currency, and commodity)
and develop approaches of strategies to address them.
Monitoring
of the ALM risks and review of the Liquidity Ratio, Rate sensitivity
gaps, currency-wise gap analysis, net margins, Value at Risk (VaR),
trading activities and impact analysis in a worst case scenario to test
the Bank’s resilience
To monitor and report the ALM risk findings to the ALCO.
Assess and recommend mitigating measures for reputational and regulatory risks identified.
Compliance
Review
the quality of reporting on critical functional areas – Credit,
Treasury, Operations and ICT – Regulatory reports and external audit
reports
Ascertain the risks through the regulatory reports,
external and internal audit, inspection reports and close the risk areas
identified.
Strategic
Reviewing strategic decisions
on branch expansion, networking with other banks, organization
structure, performance on stock exchange and dividend declaration.
Minimum Qualifications and Experience Required:
Holder
of Business-related Degree with at least 2 years’ experience in
Management of which 1 years must be within risk functions. Possession of
CPA (T) or ACCA is an added advantage. A Candidate should have Sound
knowledge of Bank of Tanzania Regulations and best banking practices.
Remuneration:
Maendeleo
Bank PLC offers competitive remuneration and benefits. The successful
candidates will receive attractive and competitive package commensurate
with the demands of the positions.
Mode of Application:
Application
letters addressed to the Managing Director, P. 0. Box 216, Dar es
Salaam enclosing detailed curriculum vitae, full contacts (address and
telephone numbers) and three referees or through E-mail hr@maendeleobank.co.tz
The deadline for submitting the application is 29 June 2021 at or before 17.00 hours
