Job Purpose
To safeguard Equity Group Holdings Plc’s financial stability and
support its strategic objectives, including the Africa Recovery and Resilience
Plan (ARRP), by providing expert management of market and country risks across
the Group and its subsidiaries. This role ensures that risk exposures are
effectively identified, measured, monitored, and mitigated to enable
sustainable growth, enhance resilience in diverse African markets, and support
the ARRP’s goals of capacitating value chains, expanding trade, and driving
economic transformation in East and Central Africa.
Key Responsibilities:
- Develop,
implement, and review market and country risk policies and frameworks for
the Group and its subsidiaries to ensure robust risk governance
- Monitor
full compliance against established Risk standards/benchmarks and
regulatory requirements including transaction monitoring, tracking risk
& compliance matrix and review of reports sent to the regulator.
- Contribute
to the implementation of the Enterprise Risk Management Framework (ERMF)
to align risk management with Group-wide standards.
- Prepare
and deliver comprehensive reporting and analysis on market, counterparty
credit, country, and other relevant risk types, including Board and Group
Asset and Liability Committee (GALCO) reports, to inform strategic
decision-making.
- Conduct
independent monitoring and oversight of the stop loss limits, VAR limits,
counter party limits, country risk limits, rate tolerance limits and
trader limits in the system
- Carry
out independent price validation of all revaluation rates and ensure
generally compliance of Treasury’s trading activities with internal
policies, regulatory guidelines, market best practices and action
exceptions related to trading losses, breaches of risk limits and other
Bank policies and guidelines
- Generate
and analyze daily risk exposure reports and validate weekly/monthly
liquidity ratios and review of call over report to assess any exception
transaction that would have taken place
- Analyze
currency mismatch, duration, interest rate sensitive assets and
liabilities, and review counterparty limits.
- Lead
the development of Group risk initiatives to enhance risk management
capabilities and support organizational objectives.
- Provide
expert market, counterparty credit, and country risk support for products
traded or proposed in treasury, investment banking, and other Group areas
to facilitate safe and profitable operations.
- Build
capacity within subsidiaries’ market risk departments through training,
guidance, and resource support to strengthen Group-wide risk management.
- Proactively
identify and mitigate potential market and country risk losses to protect
the Group’s financial integrity.
- Perform,
amalgamate, and consolidate scenario and stress testing under the ERMF to
assess and prepare for potential risk events.
- Coordinate
and participate in business partnership meetings to align risk management
with business strategies and stakeholder needs.
- Conduct
macroeconomic analysis to provide insights into regional and global
trends, supporting risk assessments and strategic planning.
- Preparation
of statutory Liquidity Coverage (LCR) and Net Stable Funding (NSFR) ratios
of the bank – Basel III reporting.
- Perform
other duties as assigned by immediate supervisor
Qualifications
Required Skills and
Qualifications
- Bachelor’s
degree in Statistics, Risk Management, Finance, Banking, Accounting,
Mathematics, or a related field.
- Professional
qualifications such as ACI (ACI Financial Markets Association), FRM
(Financial Risk Manager), or CFA (Chartered Financial Analyst).
- Additional
certifications such as ISO 31000 Lead Risk Manager is an added advantage
- Minimum
7 years related areas within the financial services industry, 4 years in
Market Risk experience
- Experience
managing risks in multiple markets, with a focus on Africa, particularly
East and Central Africa.
- Expertise
in financial risk management, with a track record in policy development
and regulatory compliance.
- Proven
experience in team leadership, cross-functional collaboration, and
supporting strategic initiatives like the ARRP.
How to Apply
