HEAD OF RISK MANAGEMENT (1 POSITION)

 I&M Bank is a significant player in the Kenyan market and across the region having presence in Kenya, Mauritius, Tanzania and Rwanda. The Bank offers a wide range of commercial banking and financial products and services, and prides itself on introducing innovative products and services based on the needs of its customers.The position will be required to oversee management of all facets of risks in banking across its Kenyan operations and its banking subsidiaries in the East African region. The position will be based in Nairobi, Kenya. However, the successful candidate will be expected to travel across the region when called upon.

I&M BANK is looking to recruit a competent and highly motivated individual for the following position:

 REF: HORM/11/2012- HEAD OF RISK MANAGEMENT (1 POSITION)

 Job Summary:

I&M Bank is a significant player in the Kenyan market and across the region having presence in Kenya, Mauritius, Tanzania and Rwanda.  The Bank offers a wide range of commercial banking and financial products and services, and prides itself on introducing innovative products and services based on the needs of its customers.The position will be required to oversee management of all facets of risks in banking across its Kenyan operations and its banking subsidiaries in the East African region.  The position will be based in Nairobi, Kenya. However, the successful candidate will be expected to travel across the region when called upon.

 Key Duties and Responsibilities:

• To ensure institutional adherence to internal and external risk parameters.
• Responsible for developing the mechanism for identification, monitoring and managing the financial and non-financial risks of the Bank and its subsidiaries / associates in the region by interacting closely with the risk taking units
• Development of risk appetite, risk policies and risk limits including, but not limited to formulation of an Overall Bank / Group Risk Management Strategy / Framework, Market Risk Management policy based on ALCO guidelines, Operational Risk Policy, Credit Risk Policy, Adjusted ALM Policy and other risk policies in compliance with external and internal rules and regulations
• To identify, measure, monitor and control all categories of risk and to determine appropriate risk tolerance levels as per established policy.  The purpose is to set in place an efficient, early warning system with regard to risk identification, measurement and control.
• To oversee Credit Function and all aspects relating to management of credit risk and administration including critical examination of large value credit proposals and highlight risks before approvals are granted.
• To oversee the functioning of the Legal Department and ensure it is managed in an efficient and effective manner
• Monitor and report on a monthly basis the portfolio exposure and risk concentrations.
• Provide an independent analysis of Risks.
• Develop & maintain risk reporting systems
• Develop & maintain Risk quantification methods
• Assist Top Management and Board in understanding the risk, its measurement, and control methodology
• Reviewing all policies, strategies, plans & procedure manuals from the Risk perspective
• Creating awareness on Risk Management across the Bank and the Group at all levels
• Prepare reports for the Board on the Bank’s risk profile and changes therein
• Identify and adopt global best practices
• Review of all policy documents and manuals and ensuring that these are updated and reviewed at least, annually.
• Actively participate in Assets and Liabilities Committee (ALCO) of the Bank and provide critical inputs.
• Ensuring in depth appraisal of credit proposals, post sanction monitoring of advances portfolio, monitoring of non-performing advances through NPA Committee and legal department, policies and procedures, risk assessment etc.

 Minimum Requirements:

• At least 15 years all around and hands on experience in Banking under different areas / functions such as Risk, Operations, Treasury, Credit, Finance, Audit with at least a min. of 3 years in Risk. 
• Sound understanding of Enterprise Risk Management principles
• Good communication skills
• Self-initiator and good motivator
• Ability to work with all levels of management and across business units and departments
• Keen and effective team player
• Strong problem solving and analytical skills
• Knowledge of Basel II and III
• At least 5 years’ experience in risk modeling
• Good understanding of financial instruments
• Good working knowledge of computer programmes

 If you believe you meet the above requirements, please send your application together with a comprehensive curriculum vitae indicating your qualifications, present position, contact and names of three referees. Your application should reach the below address on or before 8^th December, 2012. Please quote reference number followed by the position applied for in the application

 The Human Resources Manager

I&M Bank Limited

I & M Tower, Kenyatta Avenue

P.O Box 30238 – 00100, Nairobi

Or email: recruit@imbank.co.ke