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Job Title:  Manager Credit and Market Risk

Organisation: I&M Bank Uganda

Duty Station:  Kampala, Uganda

Reports to: Head of Risk

About US:

I&M Bank is a leading banking and insurance group in Eastern Africa with a presence in Kenya, Mauritius, Rwanda, Tanzania and Uganda. I&M Bank Uganda is a commercial bank headquartered at Kampala Road plot 6/6A 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.

Job Summary:  The Manager Credit and Market Risk 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 Duties and 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

Qualifications, Skills and Experience:

• 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.
• Six years of 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.
• 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

NB: Only shortlisted candidates will be contacted

How to Apply:

All suitably qualified and interested applicants should apply online at the link below.

Click Here

Deadline: 1st May 2024

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