Job Purpose

• Providing detailed coverage of risk management and business support in line with BOA Kenya’s Risk Management Framework.

Responsibilities
Key Duties and Responsibilities for the New Staff:
Enterprise Risk Management implementation through:

• Support implementation and periodic review of the Enterprise Risk Management Framework covering Credit, Market, Liquidity, Project, and ESG risks.
• Review risk events and follow up on mitigation actions.
• Review and monitor Key Risk Indicators KRIs aligned to the Bank’s risk appetite.
• Maintain and update the Credit, Market, Liquidity, Project, and ESG Risk Registers.

Stress Testing, Scenario Analysis & Valuation Modelling:

• Support the development and review of the stress testing framework, scenario analysis, and capital modelling, including climate risk stress testing.
• Conduct monthly Credit, Liquidity, and Market Risk stress tests and analyze results.
• Perform monthly GAP analysis for Liquidity and Interest Rate Risk
• Develop and enhance valuation and risk models e.g., Value at Risk Var, Sensitivity Analysis and present findings to MRCC and ALCO for review and adoption.
• Contribute to forward-looking climate and transition risk scenario analysis in line with sustainability disclosure requirements.

Risk Assessments & Monitoring:

• New Product and Process Risk assessments.
• Review and monitor ALM controls, policies & limits.
• Monitoring of risk indicators against the Bank’s various risk appetites.

Reporting and Regulatory Enforcement:

• Support Market & Credit Policy reviews and governance updates.
• Check and ensure the adequacy between the Bank’s practices and regulatory requirements Basel II and various Risk guidelines.
• Preparation of reports daily, weekly monthly, quarterly and Board as required.
• Prepare dashboards, management and regulatory reports IFRS 9 model analysis, ICAAP Model, Counterparty reviews.

 ESG & Climate Risk

• Support implementation of ESG and Climate Risk frameworks
• Assist in integration into risk management processes and risk reporting as required.
• Monitor ESG regulatory developments.

Market Research:

• Daily scanning of Market information Regulators, Securities Markets & General Information.
• Ensure the Bank’s alignment to best practice and global standards.

Co-operation/Liaison with the Other Teams:

• Monthly follow up for implementation of risk matters.
• Attend other risk related committee meetings and ad-hoc Project committee meetings.
•  Other special assignments as assigned by the Head of Enterprise Risk.

Minimum Requirements

Desired Academic and Professional Qualifications: –

• Bachelor’s degree in accounting, Finance, Economics or Business Administration from a recognized University.
• Financial Risk Management Certifications FRM, CFA, FRR, ACI preferred.

Competencies and Attributes

Skills/Experience Required

• 1–3 years’ experience in Market Risk within a bank or financial institution.
• Understanding of CBK Prudential and Risk Management Guidelines and other regulatory requirements.
• Knowledge of Enterprise Risk Management ERM.
• Exposure to Credit, Treasury, Global Markets, or Branch Operations is an added advantage.
• Proficiency in Microsoft Excel.

Competencies

• Communication: Strong written and verbal skills.
• Integrity and Professional Competence: High ethical and professional standards.
• Analytical Skills: Ability to analyze and solve problems.
• Innovation: Ability to improve processes and solutions.
• Initiative: Self-driven with minimal supervision.
• Adaptability: Open and responsive to change.
• Continuous Learning: Commitment to ongoing professional development.