Supervisor: Chief Risk Officer

Department: Risk Management Unit: Credit & Market Risk

Job summary:

The Credit & Market Risk Manager is responsible for overseeing and managing the Bank’s exposure to credit and market risks. The primary purpose of the role is to ensure that these risks are appropriately identified, measured, monitored, and controlled in alignment with the Bank’s risk appetite and strategic objectives. This role will also support in Treasury Middle Office (TMO) activities & Liquidity risk management.

Key responsibilities:

I. Credit Risk Management:

1. Credit Risk Framework & Policy:

• Develop, review, and update credit risk management policies, procedures, and methodologies across all lending portfolios (corporate, retail, SME, project finance, etc.).
• Define and monitor credit risk appetite and limits at the portfolio, sector, and individual client levels.
• Ensure adherence to sound credit-granting criteria and processes.

2. Credit Assessment & Due Diligence:

• Provide independent risk assessment and challenge on credit proposals, new products, and complex transactions.
• Review and validate credit ratings, scoring models, and other credit assessment tools.
• Conduct in-depth analysis of borrower financial health, industry trends, and macroeconomic factors impacting creditworthiness.

3. Portfolio Monitoring & Management:

• Continuously monitor the credit portfolio performance, identifying early warning indicators of deterioration.
• Analyze non-performing loans (NPLs), provisions for credit losses, and other key credit quality metrics.
• Recommend and monitor remedial actions for problem accounts, working closely with credit administration and collections teams.
• Manage credit concentration risks across various dimensions (client, sector, geography, product).
• Review IFRS9 implementation and reporting

4. Credit Risk Reporting:

• Prepare comprehensive credit risk reports for senior management, relevant committees (e.g., Credit Committee, Risk Committee), and the Board, detailing exposures, trends, breaches, and mitigation strategies.
• Ensure accurate and timely reporting for internal and regulatory purposes.

5. Stress Testing & Capital Adequacy (Credit):

• Design and conduct credit risk stress tests and scenario analyses to assess the impact of adverse economic conditions on the credit portfolio.
• Provide input for internal capital adequacy assessment processes (ICAAP) related to credit risk.

II. Market Risk Management:

1. Market Risk Framework & Policy:

• Develop, review, and update market risk management policies, procedures, and methodologies for trading, investment, and banking books.
• Define and monitor market risk appetite and limits (e.g., VaR, Expected Shortfall, sensitivity limits, stop-loss limits, net open positions).

2. Risk Measurement & Analysis:

• Implement, validate, and maintain quantitative market risk models (e.g., VaR, stress testing, back-testing).
• Monitor market risk exposures daily/intraday against approved limits, escalating breaches and providing root cause analysis.
• Analyze the impact of market movements (interest rates, foreign exchange, volatility) on the Banks positions and profitability.

3. Stress Testing & Scenario Analysis (Market):

• Design and execute market risk stress tests and hypothetical scenarios to assess resilience to extreme market events.
• Conduct reverse stress testing to identify scenarios that could severely impact the Banks market risk profile.

4. Hedging & Derivatives Oversight:

• Provide independent oversight and challenge on hedging strategies employed by Treasury
• Assess the market risk implications of new financial products and derivatives.

5. Market Risk Reporting:

• Prepare comprehensive market risk reports for senior management, relevant committees (e.g., ALCO, Risk Committee), and the Board, detailing exposures, limit utilization, and stress test results.
• Ensure accurate and timely reporting for internal and regulatory purposes

III. General & Cross-Functional Responsibilities:

1. Regulatory Compliance:

• Ensure all credit and market risk management activities comply with relevant laws, regulations, and prudential guidelines (e.g., Basel accords, central bank directives).
• Act as a key point of contact for regulatory examinations and internal/external audits related to credit and market risk.

2. Model Management:

• Oversee the performance and validation of credit and market risk models, ensuring their accuracy and appropriateness.

3. Reporting & Communication:

• Consolidate and integrate credit and market risk insights for holistic enterprise-level reporting.
• Effectively communicate complex risk concepts and findings to diverse audiences, including non-technical stakeholders.

4. Advisory & Challenge:

• Provide independent challenge and expert advice to business units, Treasury, and other functions on credit and market risk matters.

5. System & Data Management:

• Collaborate with IT and data teams to ensure the integrity, availability, and enhancement of risk management systems and data.

Knowledge and Experience: 

• Bachelor’s degree in finance, Commerce, Business Administration, Economics, or related; ESG-related certification is added advantage
• Experience in credit risk management, responsible lending, market risk management, trading, or financial analysis.
• Analytical mindset with strong decision-making, communication, and stakeholder engagement skills.
• Strong quantitative skills and experience with risk modeling tools

Mental Skills: Analytical thinking required

• Strong analytical and quantitative skills, with the ability to interpret complex data and build risk models.
• Proficiency in data analysis tools and Ms. Excel
• Proactive, self-starter with a strong sense of ownership and accountability.
• High ethical standards
• Strong problem-solving abilities and attention to detail.
• Ability to navigate ambiguity and adapt to a rapidly evolving regulatory and market landscape.

Communication: Communications skills required to perform in the job efficiently and effectively

• Excellent written and verbal communication and presentation skills.
• Strong critical thinking, problem-solving, and decision-making abilities.
• Ability to work independently and collaboratively in a fast-paced environment.
• High level of integrity, attention to detail, and a proactive approach to risk management.