PRINCIPAL FINANCIAL RISK OFFICER(PFRO)

PRINCIPAL FINANCIAL RISK OFFICER(PFRO)
Report to Actuarial and Financial Risk Manager
Key Duties and Responsibilities

1. Assist the Manager in the overall process of financial risk management within the organization;

2. Ensure that the components of financial risk management framework are identified, established and maintained as appropriate;

3. Establish, implement, and maintain an appropriate credit and liquidity risks management strategy;

4. Conduct financial risk assessment and communicate the results as appropriate;

5. ensure that credit risk analysis is performed in line with the existing credit granting process;

6. Reviews credit risk analysis performed in line with the existing credit granting process;

7. Ensure that credit portfolio risk assessment is performed, and appropriate measures to manage credit risk exposures are identified and implemented;

8. Maintain statistical records of observed payment defaults;

9. Perform liquidity risk analysis and modelling;

10. Ensures the establishment, implementation, and maintenance of both short term and long term liquidity plans;

11. Perform cash flow modelling based on the specified assumptions to determine the amount and timing of future payments and receipts;

12. Ensure that risk based performance assessment of investment portfolio is performed as appropriate;

13. Monitor developments of financial markets to identify predicted changes in interest rates and recommend appropriate action to mitigate its effects;

14. Ensure that key risk indicators for assessment of Fund’s exposure to liquidity, liability, credit, economic, and investment risks are established and maintained;

15. Perform detailed assets valuation and analysis to identify potential portfolio risks; and

16. Any other duties as may be directed by the Manager.

Competence Requirement

• Holder of postgraduate degree in Financial Economics, Financial Mathematics, Quantitative Finance or related field;

• At least three years of work experience in financial risk management, financial modelling, credit and liquidity risk management or related field;

• Demonstrate a better understanding of basic financial indicators including risk adjusted rate of returns;

• Demonstrate a good knowledge in accounting and financial statement analysis, fixed income securities analysis and valuation, credit risk measurement and management, liquidity risk measurement and management, market risk measurement and management, time series analysis, corporate financial risk management; and portfolio performance evaluation;

• Ability to process, organize, analyze and present multi-functions/processes data;
• Demonstrate the right attitude in terms of the ability to work under minimum supervision, being self motivated, working towards common goal, and confidence;

• Excellent presentation skills-written, verbal and graphic communication;

• Keen attention to detail, highly organized, and ability to effectively perform multi-task and prioritize deliverables;

• Strong analytic and problem solving skills; ability to learn quickly and solve poorly defined problems;

• Fluency with Microsoft Office tools (Word, Excel, and PowerPoint);

• Advanced skills in computing packages such as VBA, and ability to perform computer programming is an added advantage.

Competence Requirement

• A bachelor degree in Actuarial Science, Statistics, or Mathematics;

• Ability to apply various data collection techniques;

• Demonstrate better understanding of actuarial data requirement for a pension scheme;

• Demonstrate better understanding of actuarial and statistical modeling;

• Excellent presentation skills-written, verbal and graphic communication;

• Demonstrated the right attitude in terms of the ability to work under minimum supervision;

• Keen attention to detail and highly organized;

• Strong analytic, arithmetic and problem solving skills;

• Fluency with Microsoft Office tools (Word, Excel, and PowerPoint);

• Advanced skills in computing packages such as VBA, Minitab, SPSS; and

• Ability to perform computer programming is an added advantage.

Mode of application:
Applications in writing enclosing detailed curriculum vitae, certified copies of relevant certificates, contact address including telephone numbers, email address and names and addresses of three referees to be addressed to the undersigned.
Please take note of the following;

1. Applications without latest CVs will not be considered;

Director, Human Resources and Administration
National Social Security Fund,
P.O. Box 1322,
DAR ES SALAAM
The closing date for submission will be on 15th December, 2014. Only short listed candidates will be contacted.