Head: Financial Risk & Analytics (m/f)

Description

• To support the Group Executive: Enterprise Risk Management 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 incumbent will be responsible for assessing risks to capital from market, liquidity, and credit risks and forecasting the capital utilization and costs to the organization. The role the incumbent is also responsible to ensure that the financial risks are properly managed under the Group Risk Internal Control and Assurance Framework and advising on risk appetite and risk profile at a Group and subsidiary level. The role is further responsible for the analytics, financial and risk modeling as well as reporting capability to inform decision making and support the various governance and risk forums of the Group and subsidiaries

Duties

Risk appetite and capital management

• Set the risk appetite for the Group and subsidiaries
• Advise on parameters for limit setting in subsidiaries related to credit risk
• Ensure regulatory compliance through appropriate standards, guidance, and control frameworks
• Perform capital allocations for the Group and its subsidiaries e.g., RAROC, etc.
• Setting transfer pricing and computing NIM and RAROC

Special Advisory Services

• Ensure newly proposed products are aligned with strategic focus and risk appetite
• Partners with business in conducting viability studies and provides advice to the relevant stakeholders on risk appetite for new project proposals, including business expansions, and joint venture cost and profitability analyses
• Support with the compilation of investment cases for all investments/disinvestments by Capricorn Group for presentation and recommendation to the Group’s investment committee
• Support the Group and its subsidiaries with funding strategies

Policy and framework development

• Responsibility for framework design and development
• Establish and sustain 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

Oversight

• Identify limitations in existing frameworks and structures, first-line functions performed by the second line, level of embedment of frameworks and structures, the 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, and input to combined assurance reporting

Quantitative analysis

• Calculate concentration risk across the Group
• Conduct risk profile analysis, assessments, and decisions related to assets, liabilities, and 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 modeling
• 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

Modeling

• Oversee and assist in the implementation of an effective modeling environment that adheres to sound practices and standards for modeling in banks
• Review and validate PD, EAD, and LGD models
• Responsible for the review of behavioral models, sensitivity analysis, and liquidity stress testing
• Responsible for validating existing and proposed models
• Build the required financial risk models
• Review results from models developed by the 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
• Ensure models are maintained, enhanced, and interrogated as required by key stakeholders, such as stress testing and forecasting models
• Develop a stress testing framework that is aligned to the Enterprise Risk Management Framework and Regulatory requirements

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 such as Board Audit and Risk Committees, the ALCO as well as credit and liquidity risk forums
• 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 modeling processes, and ensure sufficient PRO and GPRO engagement is conducted
• Support the finance department by creating sufficient awareness of IFRS 9, ensure modeling capabilities and infrastructure are in place to support modeling and direct 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. The IFRS9 process and ECL model are owned by the Finance department but require the credit risk drivers from the Risk department; PDs, LGDs, and EAD; and Oversee the Treasury Middle Office (TMO) function for Bank Windhoek

Reporting and disclosure

• Submit reports to Group risk structures, inclusive of risk profile per risk type, key risks, and issues, risk management actions by category and subsidiary, risk strategy, state of framework adoption by subsidiaries as well as breaches of appetite and tolerance
• Half-year and full-year financial reporting as well as submissions for the integrated report and risk report, specifically 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 regard to risk data aggregation and reporting
• Oversee the maintenance and continuous development of reports to ALCO, Credit Forums, and Risk
• Committees at the management and board level.
• Responsible for any ad hoc requests pertaining to market and liquidity risk as required by finance and BON

Leading the financial risk team

• Lead a team of financial risk specialists, provide the vision and strategy for financial risk management in the Group, and mobilize and motivate talent and intellectual capital to achieve clearly defined objectives
• Oversee functional processes and output for the market, liquidity, credit, and capital risk
• 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

Requisites

• 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
• At least 10 years in a bank, preferably in a credit and risk environment of which 5 (five) years should be on a managerial level
• Relevant Master’s Degree
• 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 with 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 the market, liquidity, and credit portfolios across the Bank and Group
• Establishing comprehensive modeling capability
• Multi-disciplinary skills – IT, Finance, Economics, Mathematics, ALM, and Risk
• Financial markets and derivatives knowledge

Notes

• Only shortlisted applicants will be contacted