Stanbic IBTC Bank Latest Jobs in Nigeria: Recruitment for Group Head-Risk

Stanbic IBTC Bank Nigeria – Head, Group Risk

POST TITLE:   Head, Group Risk

JOB ID: 7536

JOB LOCATION: Nigeria    Division Group Risk

POSITION CATEGORY: Risk Management

EMPLOYMENT TYPE: Full Time – Permanent

SHIFT: Yes

REGULATORY APPROVAL: Yes

POSITION DESCRIPTION

PURPOSE OF JOB:

• To oversee all the major risk types in the Group and ensure the entrenchment of enterprise-wide risk management philosophy in the day-to- day activities of the Group. This will involve the implementation of risk management frameworks, standards, underlying policies and procedures in the Bank and all its subsidiaries,
• To effectively identify, monitor, control and report all compliance, operational, market and credit risk exposures and other related risks of the Group; to ensure that effective controls are in place to mitigate and prevent the occurrence of identified risk incidents;
• To guide senior management in fulfilling their risk management responsibilities and bring a risk-focused view to strategic planning, budgeting and other activities of the Group.

KEY RESPONSIBILITIES:

• Review risk exposures of the Group on a regular basis;
• Review daily positions and profit & loss of Global Markets;
• Review daily breaches of trading limits, guidelines and mandates;
• Review and report all risk exposures on a specified basis to EXCO, Board and SBAF;
• Provide functional oversight to Market Risk, Operational Risk, Compliance and Legal risk; and administrative oversight to Financial Crimes Control;
• Coordinate reporting of MI for all functions and align to SBAF templates;
• Provide prudential relationship and serve as the Group’s central representative and contact person with all the key regulators including the CBN, NDIC, SEC, NSE, etc;
• Provide representation for Risk on the Board Risk Management Committee and Audit Committee;
• Provide organizational liaison and central point for Risk to SBAF;
• Management responsibilities;
• Propose new and improved risk management standards and policies on an on-going basis;
• Assess organizational capacity, competency, efficiencies etc on a regular basis and make recommendation to EXCO and Board;
• Align the Bank’s Risk Appetite Framework to SBAF’s and keep custody of documents and process;
• Maintain ownership of in-country ICAAP;
• Assess Bank’s risk levels and business processes and ensure that they are consistent with the Bank’s risk appetite, internal risk policies, SBAF risk guidelines and regulatory requirements;
• Identify emerging risks, concentrations, potential threats etc and make recommendations;
• Develop stress test scenarios, analyze impacts and make recommendations;
• Act as the Bank’s Chief Compliance Officer providing overall assurance to regulators on Bank’s compliance with all rules and regulations as well as corporate governance.

HOW TO APPLY:

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