Associate Vice President - Credit Operational Risk

Job Description:

Our client a leading multilateral DFI is looking for a Associate Vice President Credit & Operational Risk Management who would need to ensure that their EnterpriseWide Risk Management Framework (EWRMF) is effectively embedded in each of the key risk areas of credit market operational risk and asset and liability management with a special focus on credit risk analysis for Financial Institutions/Derivatives obligor performance credit risk processes monitoring and MIS support. Perform the operational risk function ensuring adherence to approved operational risk management processes procedures and reporting and the use of risk and control selfassessment and key risk indicator measurements.

Responsibilities:

• In line with the company’s EWRMF implement a credit risk management policy that supports the company’s specific business objectives and which covers credit risk analysis credit risk assessment processes monitoring obligor rating and MIS/ reporting requirements.
• Prepare quarterly and annual risk assessment reports to the Board Risk & Investment Committee (BRIC) concerning performance of obligors and equity investments and to provide early warning of a material deterioration in the risk profile of the loan or investment.
• Ensure that all conditions precedent to drawdown (debt) or disbursement (equity) have been adhered to in collaboration with Legal & Corporate Secretariat.
• Ensure that transaction covenants are adhered to interest rates are effectively applied fees are collected and client obligations are honoured in a timely manner.
• Maintain client files on data base including copies of approvals legal documentation security facility agreements shareholders’ agreements etc.
• Ensure that credit risk management policy processes and procedures are adhered to and flag breaches.
• Prepare annual review of Credit Risk Management Policy for consideration by Executive Management (EXCO) and BRIC.
• Ensure that credit risk management reports are produced in a timely fashion and assist in the preparation of board committee reports. Work with Market Risk Manager concerning transaction risk dashboard portfolio risk dashboard and daily risk reports.
• Prepare annual review of Operational Risk Management Policy for consideration by EXCO and BRIC.
• Enhance the credit risk management function in specific areas including the internal use of project and transaction risk rating models RAROC measurement portfolio management and portfolio management reporting and the recovery of impaired or nonperforming assets.
• Perform operational risk function particularly as regards ensuring adherence to approved operational risk management processes procedures and reporting and the use of risk and control selfassessment and key risk indicator measurements.
• Perform other duties as assigned by the Chief Risk Officer.

Dimensions:

• Process compliance monitoring
• Interface management with key players in the corporation
• Source of credit risk expertise
• Contributions to Board meetings and Reports to CRO.

Requirements: Qualification and Skill

• In depth knowledge of key elements of enterprisewide risk management framework particularly in respect of credit risk analysis but also operational risk management processes and procedures and risk management best practice.
• Familiarity with project finance corporate lending lending to financial institutions and private equity funds.
• Understanding of due diligence requirements in transactions including technical legal and financial
• Financial modelling include cashflow modelling financial analysis and determine debt bearing capacity.
• Portfolio management skills with emphasis on asset portfolio management and treasury portfolio management.
• Knowledge and handson experience of working in emerging markets particularly the African continent and to work effectively in a multicultural business environment.
• Ability to assign credit rating for transactions and annual validation of rating models.
• Computer literate with respect to Microsoft applications (Word Excel and PowerPoint) functional competency in at least 1 programming language and database query.
• Experience in using big data to automate and standardise the credit risk scoring and investment approval process.
• Experience in system implementation of risk management systems with demonstrable ability to communicate system requirements and design inputs.
• Ability to contribute to credit risk metrics of ICAAP and IFRS9 reporting.
• Maintaining Credit Valuation Adjustment models for derivative hedges.
• Experience in pricing portfolio insurance and nonpayment single name insurance.
• Teamwork and Relationships: Works with others to maximise the effectiveness of the team as a whole sharing the knowledge and workload. Develops strong working relationships with colleagues and contributes to the creation of a positive team environment.

Key Performance Indicators

• Minimisation of losses caused through the company’s exposure to credit risk through effective credit risk management and use of risk mitigates.
• Minimisation of losses caused through impairment of equity investment through effective portfolio management and use of risk mitigates.
• The company’s management of credit risk adheres to international best practice as defined by rating agencies and ensures that the company obtains and maintains desired credit rating.
• Maintain integrity of the risk management function.

Minimum Qualifications

• A good honours degree (BA/BSc).
• In addition an MBA or MA/MSc or equivalent postgraduate degree is critical.
• At least 10 years working experience in financial institutions (Underwriting nonpayment insurance investment bank commercial bank or development bank).

Benefits and Contractual information:

• Willing and able to relocate to Nigeria Lagos.
• Suitably qualified candidates are encouraged to apply.

If you wish to apply for the position please send your CV to Chalden Du Toit at