This role ensures that risk exposures are effectively identified, measured, monitored, and mitigated to enable sustainable growth, enhance resilience in diverse African markets, and support the ARRP’s goals of capacitating value chains, expanding trade, and driving economic transformation in East and Central Africa.
Key Responsibilities
Market Risk Management
- Maintain the Group Market Risk Management Framework and policies covering banking book and trading book exposures for the Bank and market/asset liability exposures for the Insurance Group.
- Ensure alignment with Basel III/IV market risk standards (Bank), IFRS 17 investment risk requirements (Insurance), and Central bank and insurance regulatory guidelines.
- Develop and oversee methodologies for Value at Risk (VaR), Expected Shortfall (ES), Sensitivity analysis (PV01, DV01, FX & IR sensitivities), and Interest rate risk in the banking book (IRRBB: EVE and NII sensitivity).
- Manage Equity and property investment risk (Insurance) and Duration, convexity, and ALM mismatches.
- Monitor compliance with market risk appetite and limits: FX position limits, Interest rate risk limits, Trading book VaR/ES limits, and Investment portfolio limits for Insurance entities.
- Identify emerging market and liquidity risks such as FX volatility, interest rate shocks, credit spread widening, and equity downturns.
- Produce monthly and quarterly market risk reports for Group ALCO, Insurance investments committees, and Board Risk Committee.
Liquidity Risk Management
- Maintain the Group Liquidity Risk Framework and policies, ensuring banking and insurance requirements are clearly differentiated.
- Ensure alignment with LCR, NSFR, ILAAP expectations (Bank) and Liquidity coverage, stress scenarios, and cashflow matching per insurance regulations (Insurance).
- Support Group-wide liquidity stress testing across both the Bank and Insurance entities, incorporating market-wide stress, name-specific stress, combined stress, large policyholders surrender risk (Insurance), and loss of wholesale funding (Bank).
ICAAP and Enterprise-wide Stress Testing
- Support the ICAAP framework, calendar, and end‑to‑end production across entities and the Group.
- Align ICAAP with business plan, risk appetite, and recovery options, ensuring credible capital trajectories and buffers.
- Coordinate cross‑functional contributions (Finance, Treasury, Credit, Market Risk, Model Risk, Strategy) and drive a strong use test.
- Design and maintain a Group stress testing policy and methodology (top‑down and bottom‑up), with severe‑but‑plausible scenarios.
- Calibrate macro paths (GDP, inflation, rates, FX, unemployment) and satellite models linking macro factors to losses, NII/EVE, RWA, capital, liquidity, and earnings.
Core Accountabilities and Deliverables
- Financial: Effective monitoring and control of market and liquidity risk exposures within approved risk appetite; accurate and timely risk metrics supporting capital, liquidity, and balance sheet optimization.
- People: Support capability building and knowledge sharing across the department.
- Processes: Maintain robust financial risk monitoring, reporting, and escalation processes; ensure compliance with internal policies and regulatory guidelines.
- Systems: Utilize and support enhancements to market and liquidity risk systems, models, and reporting tools; partner with IT and data teams on system upgrades.
- Stakeholders: Provide clear, concise, and actionable risk insights to Treasury, ALCO, senior management, and regulators.
Requirements and Qualifications
- Experience: Minimum of 7 years’ in related areas within the financial services industry, with at least 4 years specifically in Market and Liquidity Risk experience.
- Education: Bachelor’s degree in Statistics, Risk Management, Finance, Banking, Accounting, Mathematics, Actuarial Science, or a related field.
- Professional Certifications: Must possess professional qualifications such as ACI (ACI Financial Markets Association), FRM (Financial Risk Manager), CFA (Chartered Financial Analyst), or Actuarial certifications.
How to Apply
Interested and qualified candidates should apply online via the Equity Bank recruitment portal. Access the application page directly here which redirects to the official Equity Bank Taleo system.
