Head Risk Career Opportunity – Stanbic Bank



Job Title:  Head Risk
Organisation: Stanbic Bank
Duty
Station:
  Crested Towers, Kampala, Uganda
Job
ID:
11771
About
US:
Stanbic Bank Uganda Limited is a
subsidiary of Stanbic Africa Holdings Limited which is in turn owned by
Standard Bank Group Limited (“the Group”), Africa’s leading banking and
financial services group. The Standard Bank Group is the leading banking group
focused on emerging markets. It is the largest African banking group ranked by
assets and earnings. Stanbic Bank Uganda Limited is the largest bank in Uganda
by assets and market capitalization. It offers a full range of banking services
through two business units; Personal and Business Banking (PBB), and Corporate
and Investment Banking (CIB).
Job Summary:   The Head Risk will oversee and manage the
in-country risk team accountable for providing risk management support to
senior management in discharging their responsibility for managing the various
risk types and providing assurance that processes for identifying, measuring,
controlling and reporting on relevant risks are in accordance with the bank’s
and Group’s risk management framework, standards and policies. Primary responsibilities
include contributing to business strategy formulation and execution as part of
the bank’s executive committee ensuring that there is appropriate consideration
of risk implications arising from the business strategy and plans.
Key Duties and Responsibilities: 
  • The
    Head will offer risk leadership to in country risk and ensuring compliance
    with group minimum standards in relation to market risk, liquidity risk,
    operational risk, compliance risk and other risks as may be determined
    from time to time by the managing director or Centre risk directors.
  • In
    charge of the determination of the risk strategy for the bank in
    consultation with business partners, aligned to the Standard Bank Africa
    (SBAF) business (PBB and CIB), SBAF risk and Group risk strategies.
  • Define,
    develop and maintain an effective risk management framework, aligned to
    the SBAF business processes, SBAF risk framework and the Group’s
    standards.
  • Customise
    Group risk standards and policies to in country conditions, without
    compromising on Group minimum requirements; and obtaining consent for
    modifications from the relevant Group policy custodian.
  • Routinely
    engage the Centre risk partners to ensure coordination and effective
    execution of risk processes.
  • Actively
    participate in the bank’s business processes, initiatives, forums,
    committees, etc. to ensure that risk requirements are appropriately
    considered, executed and reported e.g. Board risk and audit committees,
    EXCO, PBB and CIB Exco’s, Operational Risk and Compliance Committee, New
    Products Committee, ALCO, Credit committee etc.
  • Regularly
    communicate the Group risk standards, policies and other risk principles
    effectively to risk staff and business partners.
  • Ensure
    that risk standards and policies are properly implemented.
  • Carry
    out periodic self-assessments of compliance with risk governance
    standards, to formulate applications for appropriate carve-outs or
    dispensations from standards and ensure that appropriate remedial action
    plans are implemented to mitigate any deficiencies identified.
  • Ensure
    that appropriate training initiatives (including calling for training to
    be provided by Group or Centre risk partners) are planned and executed.
  • The
    Head Risk will be responsible for carrying out appropriate monitoring
    activities to provide assurance on the effectiveness of risk functions to
    the bank’s executive management, its board and to Centre risk partners.
  • Escalate
    breaches and incidents as per the appropriate escalation processes,
    including appropriate participation in the remedial actions.
  • The
    incumbent will prepare and submit monthly and quarterly reports on
    activities and risk profile to the bank’s governance committees (board,
    executive and business unit management and risk governance) and to provide
    prescribed information to Centre risk partners.
  • Oversee
    and manage the bank’s risk team
  • Effective
    management of subordinates
  • Evaluate
    and manage the performance of to achieve a high standard of competence,
    motivation and service orientation, focusing on the development and
    retention of promising staff.
  • Manage
    and ensure there is a cordial communication relationship between the bank
    and the regulator
Qualifications, Skills and Experience: 
  • The
    ideal candidate should preferably have a minimum of five to possibly ten years’
    banking experience the majority of which in a relevant risk management
    environment.
  • The
    applicant must hold a relevant tertiary qualification (a risk management
    qualification would be an advantage);
  • Detailed
    knowledge and understanding of the bank’s business environment, strategy
    and plans and products;
  • Practical
    knowledge of how to input, access and utilise information from the
    network/systems to analyse and forecast trends;
  • Detailed
    working knowledge of the bank’s operating systems and controls;
  • Computer
    literacy skills i.e. proficiency in MS Office
How
to Apply:
All candidates who wish to join the one
of Africa’s biggest Banking Groups, Standard Bank in the aforementioned
capacity are encouraged to Apply Online by visiting Link below.
Deadline:
14th August, 2015
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