Ecobank
Ecobank, the Pan African Bank provides a world class multicultural and multilingual dynamic work environment that allows people to excel and reach their potential. Ecobank Malawi is excited to invite applications from suitably qualified, passionate, innovative, and experienced professionals to join our team as Risk Analyst. This position is tenable at our Risk Department in Blantyre.
Job Purpose
Reporting to the Country Head of Risk, the successful candidate will be responsible for supporting business managers in meeting their strategic goals and satisfy the needs of depositors, lenders, shareholders, and regulators. He/she will be responsible for the accurate identification, measurement, mitigation, monitoring and reporting of all risks in the Affiliate on a timely basis. The Risk Analyst will also be responsible for ensuring that the bank’s risk management framework is being fully implemented in all areas as well as ensuring adherence to all regulatory requirements.
Key Responsibilities
- Establish an appropriate strategy and enabling policies in support of the business strategy for all lending and investment products.
- Work with other stakeholders to set-up/upgrade the risk management infrastructure (people, systems, etc.).
- Develop appropriate policies for different customer segments, allowing the sales team to enter approved target market segments.
- Facilitate a strong Risk/Service Delivery partnership that will deliver superior customer experience.
- Conduct risk assessment of proposed new products, and risks evolution of existing products.
- Enforce and monitor the implementation of all risk management policies, including risk concentration limits.
- Track the implementation of corrective action on issues raised by the Central Bank, internal risk reviewers and statutory auditors.
- In liaison with the business teams, coordinate the annual Internal Capital Adequacy Assessment Process (ICAAP) in line with Central Bank guidelines as well as coordinate periodic ICAAP reviews.
- Draft ALCO reports with practical recommendations for the improvement of market risk management.
- Enforce the credit risk policies of the Bank and monitor the quality of the loan portfolio trends in liaison with the credit department.
- Enforce and monitor the implementation of risk and control self-assessment (RCSA) in country.
- Coordinate the development/review and regular testing of the Bank’s Business Continuity, Disaster Recovery Plans, and Liquidity Contingency Plan in liaison with other Departments.
- Monitor new developments in the economic environment particularly local regulatory changes and advise Management on business opportunities and/or appropriate risk mitigation action.
Personal Attributes
- Good knowledge of local financial regulatory requirements.
- Good understanding of prudential regulatory ratios and financial risks. General multi-corporate finance and financial strategy skills.
- Fraud and Operational risk control knowledge
- Capital Markets and financial services product knowledge.
- Excellent interpersonal communication, numerical, presentation and facilitation skills.
Experience & Qualifications
- At least four (4) years of experience in financial services or banking; risk management background will be an added advantage.
- Bachelor of Accountancy, Statistics, Economics, Finance, Risk Management or Banking.
- Professional Certification such as CFA, FRM, PRM, ACCA, CIMA or Actuarial Science will be an added advantage.
Method Of Application
Interested Candidates should submit their applications and detailed Curriculum Vitae (CVS) to the Head of Human Resources through their immediate manager by email to:
ALLEMW-hr@ecobank.com
Closing date of receipt of applications is Friday, 30th December 2022.
Only shortlisted candidates will be acknowledged.