Category: Accountancy, Finance & Insurance
Location: Dar es Salaam, Tanzania
Description:
Responsible for strengthening the comprehensive Risk Management system in the Bank
It will encompass entire spectrum of risk, Credit Risk, Country/Transfer Risk, Market Risk (e.g. interest rates, foreign exchange rates, prices of securities, shares, etc), liquidity Risk, Foreign Exchange Risk, Operational Risk, Legal Risk, and Reputational Risk. The incumbent will be responsible for independent review of risk. He is also responsible for compliance of all regulatory and other guidelines.
Key Responsibilities
Minimize the probability of inappropriate losses due to various risks the bank is exposed.
Maximize expected return through more optimal capital allocation.
Facilitate a comprehensive view of the bank’s risks aligned with the bank’s strategy and opportunities.
Design and implement business processes tied to the Risk Management mission and objectives.
Define and develop the analytical tools needed to measure risk including performance measurement, methodology and key performance indicators.
Design and implement system enhancements (for existing systems) and new Risk Management systems.
Risk associated with all products and services offered by the Bank will be covered for the assessment/ management of risks.
Effectiveness of Risk Management Unit’s infrastructure & systems (policies, processes, procedures & tools) in achieving compliance requirements, optimal efficiency, resource utilization and cost containment
Preparation of quality of risk management reports to various management committees.
Ensuring compliance with statutory requirements and playing a key influential role towards the formulation of industry policies and standards in liaison with regulatory authorities.
Overseeing and enforcing risk management policies and limits to close significant gaps, developing systems to generate a robust MIS to identify, monitor, manage and control credit, market and operational risk.
To ensure that all rules and guidelines of Bank of Tanzania, the regulator are complied with.
To ensure that all rules and regulations of our Bank and Parent Bank are complied with.
To prepare all returns, statements, etc in time and submit the same to various authorities.
To ensure that no penalty is imposed to our Bank by the Regulator or other authorities for non submission or late submission of various returns, statements, etc.
Requirements:
Qualification and Experience:
Tanzanian candidates having following qualification and experience can apply;
1) A graduate in any discipline
2) Good computer application skills
3) Good analytical skills or experience in preparation of various Risk Management reports for the Board and various Committees of the Board.
Candidates should have relevant experience for two years may apply.
The Managing Director Bank of Baroda (Tanzania) Ltd
P. O. Box. No. 5356
Dar es Salaam
Deadline: 26/05/2012
