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Manager Credit and Market Risk job at I&M Bank Uganda | Apply Now

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

Kampala, Uganda

Full-time

Deadline: 

1 May 2024

About the Organisation

I&M Bank Uganda, formerly Orient Bank, whose complete name is I&M Bank Limited, is a commercial bank in Uganda which is licensed by the Bank of Uganda, the central bank and national banking regulator.

Job Title

Manager Credit and Market Risk job at I&M Bank Uganda

I&M Bank Uganda

Job Description

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.

Duties and Responsibilities

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.

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Qualifications and Competencies

  • 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

How to Apply

APPLICATION FOR THIS POSITION MUST BE DONE ONLINE:
Are you interested? Click the "APPLY" button below to submit your application.

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