Afreximbank: Technical Consultant Risk Management Cairo, Egypt

Reference Number: SRBLR-TC-RIMA

Responsibilities:

• Providing technical support to the Director Risk Management in the project for the review and renewal of the Enterprise Risk Management Framework and the Bank’s Risk Management Policies (RMPs).
• The Jobholder will interface with the Project Sponsor Project Owner Project Steering Committee and other stakeholders to ensure that the project’s deliverables as set out in the Project Charter are fully and promptly met
• Providing technical support to the Director Risk Management on other ERM-related matters including quantitative analytics risk modelling data analysis and stress testing to support risk management.

Key Deliverables:

• Take stock of the Bank’s Enterprise Risk Management Framework and Risk Management Policies to include all policies and procedures (RMPPs) and other governance documents external to the RMPPs including procedures processes guidelines memos guidelines mandates manuals and identify all such items that should be considered and included as part of the review and incorporation into the revised ERM Framework and Risk Management Policies.
• Identify gaps in policy i.e. existing and emerging risks not adequately addressed in the current ERM Framework and Risk Management Policies and make recommendations to close the gaps.
• Review the Project Charter Project Steering Committee Terms of Reference (TORs) and Project Working Group TORs together with the Statement of Work to ensure complete alignment and ensure that the Project fully meets the scope of work and deliverables as set out in the charter and the expectations of the Project Sponsor and that the project Governance structure is adequate to meet the requirements of the Project.
• Identify the key stakeholders for the Project and document their expectations and requirements to ensure that these are satisfied during the Project.
• Work with the Project Owner to develop a comprehensive work plan including specific tasks activities and milestones with specific completion timelines.
• Ensure the effective execution of the Project and delivery of the Project’s milestones with a focus on (a) scope of work (b) quality of work and (c) timelines in full compliance with the terms under the Project Charter.
• Ensure the delivery of excellent quality documents by comprehensively documenting all the proposed amendments to the ERM Framework and Risk Management Policies to ensure they are relevant comply with the Bank’s internal practices and are aligned with the appropriate standards and leading practices.
• Specifically the Technical Consultant should pay attention to the following.

a. All proposed amendments should be justified and documented with the rationale for the amendments and the proposed amendments are unambiguous.

b. All Policies and documents that the amendments to the ERM Framework will impact have been identified and the sections impacted are accurately referenced.

c. All the amendments should align with leading practice and be relevant and aligned with the Bank’s mandate and strategy.

d. The amendments should align with the Bank’s document hierarchy with different levels of detail (e.g. Level 0 Level 1 Level 2 etc.) to meet the varying needs of different stakeholders while ensuring ease of reference implementation amendment and review.

• Coordinate the flow of all the necessary information documents correspondence and all forms of communication regarding the Project.
• Arrange schedule and coordinate various meetings necessary for the smooth running of the Project including periodic steering committee meetings PWG meetings and meetings with various internal stakeholders and prepare and present requisite reports and dashboards for such meetings as appropriate.
• Provide regular and timely updates to the Project Owner and Chief Risk Officer on the status of the Project as well as notable and potential risks to the Project and propose mitigating actions to ensure that the Project remains on course
• Maintain accurate and complete records of the Project management and governance and ensure they align with the Bank’s project and governance requirements.
• Develop a post-implementation plan following the closure of the Project (Phases 1 & 2) with specific milestones deliverables timelines and measurable targets; discuss the plan with the Project Owner and Project Sponsor and obtain signoff.
• Undertake a Project post-implementation review and prepare a Project Closure report to the Project Steering Committee for review and consideration.
• Providing technical support to the Director Risk Management on other ERM-related matters including quantitative analytics risk modeling data analysis and stress testing to support risk management.

Compliance Responsibilities

• Understand and adhere to the Bank's AML Regulatory and Conduct Compliance policies and procedures notably:

- Staff Handbook (has code of conduct provisions)

- Anti-Money Laundering (AML) Counter Financing of Terrorism and Counter-Proliferation Financing

- Conflicts of Interest and Policies on Staff Involvement in External Engagements/Activities

- Anti-Bribery & Corruption

- Insider Trading Guidelines

• Report any suspicious or non-compliant activities or matters relating to the Bank’s staff or the customers to the Compliance Department.
• Complete the Annual Compliance Training/Assessment.

Requirements: Qualification and Skill

• Postgraduate degree in Business Administration Banking or Finance from a recognized University or a professional qualification Risk Management; A professional qualification in risk management (FRM PRM CRA) will be an added advantage.
• Sound experience of at least 8 years in the Risk Management function with a leading organization (s) covering a minimum of 4 risk types including Credit Risk Operational Risk Liquidity Risk and Market Risk.
• Proven experience in implementing Enterprise Risk Management Framework (s) and deep practical knowledge of best practices in risk management. Previous experience as a Chief Risk Officer will be an added advantage.
• Project Management skills are an added advantage.
• A good appreciation and extensive experience in the workings of multilateral financial institutions trade finance specialized finance and project finance will be an added advantage.
• Demonstrated understanding and experience of the structured trade finance operating model as a basis for the mitigation of identified risks in potential business transactions and especially in the areas of credit risk management and monitoring.
• Ability to communicate and function in a culturally diverse and change oriented setting and therefore knowledge of the workings of the main segments of the trade finance markets and the participants in major regions of Africa.
• Excellent verbal and written communication skills in English; and knowledge of the Bank's other working languages is an added advantage.
• Demonstrated leadership capabilities including ability to organize and manage human resources to attain goals.
• Excellent change management and training skills; and Hands-on attention to detail; and willing to work long hours where required to achieve the project’s deliverables.
• Knowledge of banking systems procedures and controls
• Proven experience in risk model development validation and monitoring techniques relevant in the financial services sector and demonstrated understanding of credit risk model
• Demonstrable experience and knowledge of Econometric models credit risk models (PD LGD EAD) Basel IFRS 9 Stress Testing and Statistical modeling tools Data Preparing and analysis tools (e.g. SAS MATLAB R Python Excel; Tableau Spotfire SPSS ).
• Experience with AWS data science and modeling tools such as AWS Sagemaker or AWS Forecast is considered an asset.

Benefits and Contractual information:

• One year contract
• Willing and able to relocate to Cairo Egypt.
• Suitably qualified candidates are encouraged to apply.

If you wish to apply for the position please send your CV to Shearidan Rabsch at

Shearidan Rabsch

Manager – Banking and Finance Africa

CA Global Finance

CA Global will respond to short-listed candidates only. If you have not had any response in two weeks please consider your application unsuccessful however your CV will be kept on our database for any other suitable positions.