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Job Summary
Job Title:
Manager Credit and Market Risk
Employer:
I&M Bank Uganda
Location:
Country:
Contract Type:
Full-time
Job Category:
Accounting Jobs
Number of Positions:
1
Deadline:
Wednesday, 1 May 2024
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Manager Credit and Market Risk job at I&M Bank Uganda | Apply Now
Kampala, Uganda
I&M Bank (Uganda) Limited, established in 2021 following the acquisition of a 90% stake in Orient Bank Limited, operates as a subsidiary of I&M Group Plc, a prominent East African financial services conglomerate.
The bank's mission is to empower prosperity by delivering innovative financial solutions, guided by core values of trust, integrity, respect, courage, and innovation. With a growing presence in Uganda, I&M Bank offers a comprehensive suite of banking services, including retail, corporate, and SME banking, supported by a robust digital banking platform to enhance customer convenience.
The bank fosters a dynamic work culture that emphasizes employee development and values diversity, offering various job opportunities that align with its commitment to excellence. I&M Bank actively engages in corporate social responsibility initiatives focused on education, health, and environmental sustainability, aiming to make a positive impact on the communities it serves. For more information, visit their official website at www.imbankgroup.com/ug.
Are you looking for Accounting Jobs in Uganda 2024? If yes, then you might be interested in Manager Credit and Market Risk job at I&M Bank Uganda
Full-time
Deadline:
1 May 2024
Manager Credit and Market Risk job at I&M Bank Uganda
I&M Bank Uganda
Job Description
Duties, Roles and Responsibilities
Qualifications, Education and Competencies
The Job holder is responsible for Enhancing and integrating the function for Bank wide risk Management to build capacity and the ability to identify, measure, monitor and control the underlying credit and market risks that the Bank thereby safeguarding financial health and stability of the Bank.
See all details of the qualifications, competencies and education for this role under the "How to Apply" section below.
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Credit Risk:
Develop and enhance tools for identification, measurement, monitoring and reporting of risks arising from treasury and credit business of the Bank.
Manage the entire procedure for credit risk identification, investigation, analysis and the reporting of lessons learnt from incidents.
Develop and enhance relevant policies for market and liquidity risk.
Review and report Credit Risk trends in portfolio quality and adequacy of the Bank’s Provisions for credit losses. Perform monthly and quarterly stress testing to ascertain the Bank’s resilience towards plausible shocks and advise management on key risk areas or trends and their anticipated impact to business for their prompt decision making and action.
Ensure timeliness and accuracy of the Credit reports generated to permit effective analysis, sound and prudent management and control of existing and potential credit risk exposure.
Provide input to the process of setting Risk Appetite thresholds for credit, market, and liquidity risk
Review assumptions and adequacy of the Stress tests.
Review and report on the adequacy of the Bank’s Internal Controls within the entire loan process.
Participate in the review and or updating of the Credit policy, Credit processes, procedures, and credit products.
Prepare credit risk reports for submission to Head, Risk Department, Management Risk and Compliance Committee, Board Risk Committee to facilitate active risk oversight. Compile and submit relevant information reports to management for their deliberation or discussion. (Risk Management Committee, Assets and liabilities Committee, Management Credit committee, Group ALCO, Group RMC, and Board Risk Committees).
Perform risk assessments for new products/systems/processes for Treasury and Credit department.
Market Risk:
Review the Bank’s FX transactions and obtain explanations for any irregularities in pricing.
Review Dealer Trading Limits daily and obtain sufficient approval in case of the limits being exceeded.
Carry out position monitoring for currency limits.
Regularly review counterparty transactions and limits every end of day and obtain approval for excesses observed.
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
Bachelor’s degree in finance, Business, Accounting, Actuarial Science, Commerce, or its equivalent.
A master’s degree in the relevant field is an Added Advantage Professional. Qualification: Chartered Institute of Management Accountants Advanced Diploma,
Chartered Financial Analyst, Association of Chartered Certified Accountant qualification or Certified Practicing Accountant qualification, Certified Internal Auditor (CIA), Certified Actuarial Analyst.
Work Experience:
Minimum of 6 years’ experience in the related field in a commercially oriented organization with at least 3 years at a supervisory
Demonstrates proven success in a role that emphasizes the following: Credit and Market risk Management.
Required Competencies (Knowledge, Skills & Abilities):
Knowledge of the banking industry in Uganda.
Knowledge of Bank Operational policies and procedures.
Knowledge of Credit management policies and procedures.
Business and financial analysis skills.
Strong credit and operational risk assessment skills
APPLICATION FOR THIS POSITION MUST BE DONE ONLINE:
Are you interested? Click the "APPLY" button below to submit your application.
