Group Head of Risk and Assurance

PRI is recruiting a Group Head of Risk and Assurance, to be based in Maputo.

Duties

• To ensure that the Group has effective standards and internal controls, policies and
• procedures, systems and a risk management framework that supports business
• sustainability and continuity
• To promote and sustain a culture of risk management discipline, anticipation and compliance across the Group
• To anticipate and proactively ensure management of potential market, credit and operational risks and to initiate actions to pre-empt systemic risks
• To represent the risk and assurance function to external stakeholders such as regulators, investors and rating agencies

Requisites

Key Accountabilities

• To chair the Group Risk Committee
• To develop the functional strategy in line with the Group Strategy and reinforce the
• independence of risk functions from those whose primary role is to maximise short
• term revenues and profits
• To develop and own the corporate risk management, fraud prevention and internal
• control policy and procedures at both Group and country level for the guidance of staff
• in the identification, assessment, monitoring, control and reporting of all risks
• To develop and embed an enterprise risk monitoring mechanism for identifying the top
• Risks for Group and in each country and sharing outcomes/mitigating actions with
• others to ensure best practice across the Group
• To establish the risk appetite for the Group and through the development of a set of Key Risk Indicators monitor and report risk levels against tolerance thresholds
• To establish country risk and ALM committees (as Board sub-Committee as required)
• and to attend at least one meeting of each per annum
• To ensure that staff members in all locations are conversant with the bank’s risk
• policies and procedures, including providing direction and resources to assist
• businesses in the resolution of weaknesses or shortcomings, particularly in adherence
• with local and international regulatory requirements
• To ensure that training and development on Risk Management is being offered to staff
• on a regular basis
• To develop a business continuity strategy in order to ensure effective risk mitigation
• and business continuity
• To coordinate monitoring, management and control through mitigating strategies, of all the various risks that confront the business both at the centre and in the country
• locations
• To co-ordinate risk and assurance reviews and report back to the GMC
• To provide leadership on risk and assurance in all new business endeavours,
• acquisition opportunities, etc

Thinking Requirements and Working Complexity

• Ability to analyse and monitor the various risks that faces the business
• Ability to devise solutions relevant to a particular situation, bearing in mind the various inherent constraints that surround all of matters such as funding, capital adequacy,
• country limit, taxation and economic/geographical infrastructure
• Where problem facilities are identified, workout and loss control strategies need to be formulated and job holder needs to be able to bring knowledge and experience to this,
• both first hand, and also of a “where else to look and seek advice” nature
• Ability to identify issues and come up with unique and practical solutions
• Ability to devise revised strategies to avoid repeat mistakes
• Ability to develop a good working relations with all executive management (and other
• levels) for a smooth running of the business but at the same time must demo nstrate
• the authority and courage to challenge the status quo when necessary

Knowledge and Experience Required of Job Holder

• A Master’s/MBA degree in finance
• Experience in credit management gained in Consumer Finance, retail SME or
• microfinance environment
• A thorough knowledge of the principles of risk identification and management which
• should also entail knowledge of lending, financial analysis and how a Balance Sheet
• is structured in the financial services industry, including strong knowledge of capital,
• its uses and how it is raised and best employed
• Specific and well developed experience and capability in risk appraisal and its subsequent control; such experience to have included positions involving personal
• accountability and the possible exercise of substantial personal discretion
• Broad experience and well developed skills in the appraisal of individual performance
• at all levels of risk analysis, and an ability to make clear recommendation of strategies
• to mitigate risks identified and inherent
• Broad international experience in differing commercial/financial environments, and an
• ability to assimilate and adapt to new requirements in the financial services industry.
• Specifically, knowledge of the governing rules for international banking such as the
• Basle Convention and matters pertaining to capital adequacy and risk weighting are
• necessary
• Considerable input is made to Board, ALCO and EXCO matters, (and their
• various sub-committees), and an understanding of these aspects and other general
• and risk management matters is essential
• Possession of clear thought and expression, both verbal and written, together with the
• ability to mix and converse freely with all levels of management, including at Board
• level and both internal as well as external. Interaction will also be at a high level with professional service providers, ratings agencies and with regulators
• The Job Holder should be professionally qualified and/or hold a tertiary qualification relevant to the job and will have had a minimum of 10 years’ experience in the international risk management, credit and/or related fields
• The Job Holder should be able to identify and assist with strategies to maximise benefit from opportunities that arise to give some input to upside benefits to the business

Additional Information

• The Job Holder should seek to develop strong relationships with those performing a similar
• role at peer group businesses/banks and to join any appropriate industry forums that will
• enhance job performance and understanding
• Arising from the above, the Job Holder will need to be willing and be able to speak on the topic of risk at risk related conferences and the like which will enhance both personal and
• institutional reputation
• Multi-cultural awareness and the ability to interact with a wide range of differing levels and sectors of society, social and business, is an essential characteristic of the person holding this Position

Notes

• Only short listed applicants will be contacted