Group Market and Business Risk Manager

A job vacancy has risen within Letshego Holdings Limited,

1. Main Purpose (Why does the exist)

To identify, measure, monitor, analyse and report on market risk exposures that may affect the Group’s performance and capital on time.

2. Critical Deliverables /Core Accountabilities and Responsibilities

• Perform annual limit reviews for Group and subsidiaries and assist subsidiaries set limits, including counterparty limits.
• Monitor compliance with risk limits, identify and communicate potential risk concentrations, and limit exceedances and large exposures.
• Perform and interpret stress test results for market & liquidity risks.
• Train subsidiaries on Asset Liability Management.
• Establish and participate in country ALCOs/ Balance Sheet Management Committees.
• Review and monitor ICAAP across the subsidiaries.
• Ensure closure of regulatory observations on market risk, and monitor early warning signals/indicators.
• Identify emerging risks and control issues.
• Monitor the calculation and allocation of capital to market risk.
•  Coordinate the review and implementation of the market risk policies, market risk management framework and internal controls, and ensure compliance by the different business units.
• Participate in the market risk capital requirements calculation process under current regulatory frameworks.
• Suggest and implement measures leading to a better risk management framework and improvement of internal controls.
•  Obtain and maintain knowledge and insights into the business and external environments to assist management and the Board with the identification of material and emerging risks and to be in a position to challenge and review risks during the risk assessment processes.
•  Identify potential areas of vulnerability and risk in the business, suggest possible corrective action plans for the resolution of problematic issues, and provide general guidance on how to avoid or deal with similar situations in the future.
• Respond to ad hoc requests from the business, risk management or regulators.

3. Key Performance Indicators

• Closure of Regulator observations on Risk Management
• Monitoring of Early Warning Signals
• Delivery of risk transformation initiatives

   Knowledge and Experience Required of the Job Holder

• Minimum B.Com. Accounting, Business Studies or B.Sc. Economics, Finance Degree or equivalent.
• Professional qualification such as CFA or ACCA is required.
• A post graduate degree such as MBA, MSc. Economics or equivalent will have an added advantage.
• At least 5 years’ experience in Market risk within the Financial Services industry
• Strong market risk,  liquidity risk management, and ALM experience from a progressive global/ regional banking group is essential

Closing Date: 31 December 2022

Application Email: grouprecruitment@letshego.com

• A competitive remuneration package will be offered to a suitable candidate.
• Letshego Contact Number: 3643000

Interested candidates should forward their applications accompanied by Curriculum Vitae to grouprecruitment@letshego.com by indicating the position they are applying for in the subject email: e.g. Ref: Group Market and Business Risk Manager.

Disclaimer Only shortlisted candidates will be contacted.