Risk Analyst at SBM Bank

Job Purpose:

The Risk Analyst will be responsible to carry out risk assessments of business operations, organize, maintain & develop risk event databases, write RCSA reports, assist in reviewing policies, process & procedure manuals and develop Key Risk Indicators. The job incumbent will also support the Risk Lead to build and reinforce the resilience of SBM NBFC Operating Entities.

Key Responsibilities:

• Assist in validating that risk management is effective in all functional areas and that all significant risks are being recognized and effectively managed on a timely manner
• Assist the Board and Senior Management with the identification of risk appetite tolerance levels
• Work with operating units to facilitate risk and control self-assessment exercises and mitigate identified control weaknesses through the creation of appropriate action plans
• Proactively identify and address risk issues and weaknesses in existing policies and processes and recommend improvements
• Develop and monitor Key Risk Indicators
• Provide adequate support in the preparation of reports, presentations, and forums
• Write minutes of meetings within set timeframe
• Monitor business incidents to ensure they are appropriately recorded with a comprehensive root cause analysis and monitor action tracking until closure
• Compile risk registers for all functional areas at operational level
• Assist in the implementation of appropriate systems and controls to measure and report against those tolerance levels
• Assist in communicating the risk framework and methodology to all management levels and to employees
• Conduct training in respect of effective and sustainable processes of risk identification, quantification, and monitoring to management
• Periodical report to Senior Management and the Board Risk Management Committee
• Contribute to any of the different areas of the team namely: Portfolio & Credit Risk, Market Risk and carry out any other cognate duties

Qualifications, Experience & Skills:

• Bachelor’s degree in the field of Finance, Accounting, IT, Risk Management or any other related areas/professional qualifications
• At least 5 years’ experience within a Risk Management function in a Financial Institution
• Good mastery of Microsoft Office tools
• Strong research and analytical capabilities, with a quantitative bias and a focus on quality
• Ability to appropriately produce reports in relevant formats
• Ability to deliver under tight deadlines
• Excellent team player and interpersonal skills