Risk Officer, Group Risk and Compliance at Guaranty Trust Bank Plc

  • Full Time
  • Anywhere

Reports to: Group Chief Risk and Compliance Officer
Seniority Level: Mid-Senior level
Industry: Financial Services
Employment Type: Full-time
Job Functions: Accounting/Auditing Finance Management

About the Opportunity

The Risk Officer will assist the Group Chief Risk and Compliance Officer in providing oversight of the Group’s spectrum of risk-taking activities encompassing economic risks including credit, market, liquidity, capital and country, as well as other core risks including operational, model, conduct, and reputational risk.
He/she is responsible for coordinating all business units to assist in the identification, monitoring, and reporting of risks taken throughout the Group.

Supervisory Responsibilities:

This position has no direct supervisory responsibilities but does serve as a coach and mentor for other positions in the department.

Your Key Responsibilities

Provide support in designing a robust risk management strategy for the Group with over 10 subsidiaries across Africa and across different financial services businesses
Provide support in setting the risk appetite levels for the Group, and the further defining risk limits for each subsidiary
Provide guidance to ensure that adequate risk management policies are designed, and well implemented by subsidiaries
Oversee monitoring of macro-economic activities that may affect the Group’s business activities, to proactively identify and assess the impact of risks and opportunities inherent in the Group’s business operations
Provide oversight and guidance for conducting stress tests on the Group’s consolidated risk exposure
Manage the risk identification and risk mitigation procedures of the Group
Provide support in the creation of risk analysis report and disseminate it to relevant stakeholders including the risk committee, board members and group executives
Advocate and support the culture of informed risk-taking and heighten awareness and use of advanced risk management practices through training programs and coaching
Raise awareness of relevant rules and regulations from statutory and regulatory bodies within Banking and other financial services

Requirements
Skills and Knowledge Required for the Role:

Bachelor's Degree in Finance, Accounting, Economics, Business Administration or Legal (Master's Degree is an additional advantage)
Local and international certifications in Risk management, such as Certificate in Risk Management (CIRM)
Strong understanding of development and trends in both international and African financial sectors, as well as regulations and trends in these markets
Deep knowledge and understanding of both banking and general financial markets regulatory environment
Strong understanding of Enterprise Risk management concepts, frameworks to proactively identify risks inherent in business operations that can have negative strategic implications for the Group
Strong knowledge on portfolio risk management techniques, e.g. key risk metrics for players in the financial markets, capital management, database management, risk analysis etc.
Good analytical & problem solving skills
Excellent interpersonal and communication skills
Proficiency in Microsoft Office (Power Point, Excel, etc.)
Reporting skills
Ability to use available technology resources to drive monitoring and reporting
Data analytics skills will be an advantage

To qualify for the role you must have:

A minimum of 5 years working experience across risk management, policies and regulations in the financial services sector
Demonstrated capacity to translate commercial strategies into risk profiles and risk assessments
Proven participation in implementing and managing Enterprise Risk Management strategy and governance, risk and compliance activities
Deep knowledge and experience in risk functions including credit, market, liquidity, capital and country and a broad understanding of the regulatory environment and compliance issues
Experience in building or implementing risk and compliance controls across a group of difference financial services companies

Attributes for success in this role:

Ability to build relationships with senior leaders, and external agencies
Exceptional strategic thinking and analysis capabilities
Ability to exert sound judgment and discretion; assure confidentiality
Ability to build strong network with regulatory bodies and government authorities
Good standing and assertiveness, with excellent teamwork attitude, with proven ability to influence and coordinate team beyond his/her own department
Ability to handle a fast-paced, changing organization
Ability to effectively plan, set priorities, and manage several complex projects