Risk Officer at United Bank for Africa (UBA) – Tanzania

United Bank for Africa (UBA)

Jobs in Tanzania 2024: Job Vacancies at United Bank for Africa (UBA) Tanzania 2024

💥UNASUBIRI NINI? FOLLOW US ON INSTAGRAM. CLICK HERE!💥

United Bank for Africa (UBA) Tanzania Jobs 2024

Location: Head Office
JOB OBJECTIVE (S)
The role involves supporting the risk management oversight and
management of strategic, credit, operational, and market risks,
including tracking financial performance, implementing risk management
strategies, and advising on risk-related issues. It ensures regulatory
compliance, conducts stress testing, and manages breach reporting.
Additionally, the role encompasses credit risk policy development, risk
assessment, exposure monitoring, and reporting, as well as audit
follow-up, system risk monitoring, and maintaining risk appetite
thresholds for operational and market risk, including liquidity
monitoring and reporting.

MINIMUM EDUCATION QUALIFICATIONS
• Minimum of bachelor’s degree in accounting, Economics, Computer Science, or other related disciplines.
• Operational risk experience within financial services/industry
• Business product knowledge, including understanding of financial processes.
• Practical knowledge of how to input, access and utilize information from the network/systems to analyses and forecast trends.
• Good understanding of treasury, its products and risk related elements
• 3years’ experience working in a busy financial environment will be added advantage.
• ACI Dealing Certificate(s) will be added advantage
Strategic Risk
•
Financial Performance and Risk Management; Track and report on
financial performance against the budget and the progress of strategic
initiatives. Develop and implement strategies to identify, assess, and
manage the bank’s overall strategic risk, ensuring robust financial
health and risk mitigation.
• Advisory and External Monitoring: Advise the management team
on risk-related issues and their potential impact on strategic
objectives. Monitor external trends and events that could affect the
organization’s strategy, keeping the bank informed and prepared for
potential challenge.
·. Regulatory Compliance and Stress Testing:
Ensure alignment with Tanzania Risk Management Guidelines (2010),
relevant regulations, circulars, and guidelines. Conduct monthly and
quarterly stress testing, particularly on market, liquidity, operational
risk, and capital, to identify key areas affecting
the bank’s strategy and ensure resilience.
• Breach Monitoring and Reporting: Monitor, report, and escalate both internal and regulatory
breaches, including limits and other regulatory requirements. Maintain a
proactive approach to compliance and risk management, safeguarding the
bank’s integrity and stability

KEY COMPETENCY REQUIREMENTS
Knowledge
·. Banking Operations
• Auditing and Internal Control
·. Regulatory Laws
• Fraud and Operational risk
Read Also:

• NEW TANZANIAN JOBS, INTERNSHIPS AND VOLUNTEERING OPPORTUNITIES 2024 (1,475 POSTS)

• CHECK SCHOLARSHIPS OPPORTUNITIES TO STUDY ABROAD CLICK HERE!
• Download Your National ID (NIDA) Number  Here | Download NAMBA NA KITAMBULISHO CHAKO CHA NIDA. BONYEZA HAPA! 
• PAST PAPERS ZA DARASA LA 7 MPAKA FORM SIX | NECTA AND MOCK EXAMS 1988 – 2019. CLICK HERE! 
• Free
  CV Writing and Download, Cover/Job Application Letters, Interview
  Questions and It’s Best Answers plus Examples. Click Here!

Skill /Competencies
• Problem solving skills
Attention to details
Good communication skills
Good Team Player
• Policy Development: Oversee the development and implementation of credit risk policies and procedures.
• Risk Assessment: Ensure accurate assessment of credit riskfor new and existing clients.
• Exposure Monitoring: Monitor credit risk exposures to ensure they remain within approved limits.
• Reporting: Report on credit risk metrics and trends to senior management
·.
Breach Monitoring and Reporting: Monitor, report, and escalate both
internal and regulatory breaches, including limits and other regulatory
requirements.
•
Audit Follow-up and KRI Monitoring: Ensure timely closure and
escalation of open audit, internal control, and risk issues. Review and
escalate key risk indicators (KRIs) of principal risk, ensuring their
completeness
and adequacy.
• System and Product Risk Monitoring:
Monitor system mapping, interfaces, and transaction integrity across
Treasury offices for reliability. Oversee new and existing product risk
limits, ensuring New Product Committee endorsement.
·. RiskAppetite
and Incident Reporting: Assess and report on existing risk appetite
thresholds. Share risk events or incidents with operational risk,
detailing root causes and preventive measure.
• Risk Leadership and
Regulatory Compliance: Lead business functions to ensure effective risk
management practices. Ensure adherence
to regulatory requirements and best practice standards, staying updated
on industry trend.
•
Monitor market trends. Develop and implement strategies for market and
operational risk management, continuously improving processes and
providing training.
Market Risk
• Performance and FX Process Management: Manage and ensure
the implementation of FX processes to accurately capture daily FX deal.
•
Policy and Treasury Monitoring: Review and assess the adequacy of
market risk, treasury, and ALCO policies. Regularly review treasury
limits to ensure compliance with regulatory and internal requirements.
•
Market Monitoring and Reporting: Monitor daily rates and align them
with market trends, confirming and reporting market risk positions,
P&L, and limit breaches daily. Conduct market intelligence, data
collection,
and statistical analysis to inform management decisions.
•
Liquidity and Asset Monitoring: Measure and report key liquidity
performance indicators, conduct daily liquidity stress testing, and
ensure the availability and testing of an internal contingency liquidity
funding plan. Monitor the composition of assets and liabilities and
their inherent risks.
• Risk Management and Compliance: Manage
Forex, money market, and fixed income risks in compliance with policies
and regulations. Identify key market and liquidity risks through regular
reviews and ensure the accuracy of historical data used in VaR models.
•
Documentation and Reporting: Maintain documentation for limit setting,
change requests, mandates, and breach logs. Prepare daily, monthly, and
quarterly market risk reports, produce a monthly market risk ALCO
report, and conduct risk assessments on new trading products and P&L
analysis
to aid management decisions!

KEY PERFORMANCE INDICATORS
• Regulatory Compliance
• Monthly/ Quarterly reporting of financial performance against the budget
• Monthly and Quarterly Stress Testing reporting
• Daily Breach Monitoring and timely Reporting, escalations
• Advisory Effectiveness: impact of risk-related advice provided.
• Management / Bank Adherence to credit risk policies and procedures
• Credit Risk Assessment Accuracy and feedback.
• Percentage of credit exposures tracked and ensure within approved limits.
·. Timeliness and accuracy of credit risk metrics and trend reports
• Number of internal and regulatory breaches reported and escalated.
• Non-performing loan (NPL) ratio
• Audit issues closed within the specified timeframe.
• Completeness and adequacy of KRls reviewed and escalated.
• Frequency of system and product risk reviews and incidents reported.
• Reported risks within defined risk appetite thresholds.
• Number and severity of risk incidents reported and resolved.
• Compliance with operational risk regulations and best practice
• Accuracy and completeness of daily FX deal capture
• Timeliness and accuracy of market risk positions, P&L, and limit breach reports
• Frequency and comprehensiveness of daily liquidity stress tests
• Completeness and accuracy of market risk documentation and repor

KEY COMPETENCY LIST
Required Knowledge
• Broad knowledge of financial accounting with ability to analyze and interpret corporate financial statements.
• Good knowledge of the Tanzania economy and banking market dynamics
·. ACI Dealing Certificate(s)
• Good understanding of banking products i.e. treasury, its products,
and interrelationships.
• General understanding of the risks related to the business

Skills/Competencies
• Good analytical skills
• Excellent writing skills
• Good presentation skills
• Good interpersonal skills
·. Strong team player and excellent organization skills
• Strong attention to details and ability to work under pressure

How to Apply:
This is Full-time Job, Qualified candidates MUST send their CV & Cover Letter attached with all academic certificates.
All applications MUST be sent electronically through:
Email: recruitment.tanzania@ubagroup.com
Email subject: Application for RISK OFFICER OCTOBER 2024.
Deadline: 27th October 2024.
Kindly note that, only shortlisted candidates will be contacted!