Vacancies at Co-operative Bank of Kenya

CRM/RM/2023

The Role

Specifically, the successful jobholder will be required to:

• Reporting & communication – identify, measure and report credit risk exposures related to all categories of credit facilities offered by the Bank to its customers Largest credit exposures (Top 50), new loan disbursements, PAR analysis, etc.
  Risk Assessment programs- Review credit related Bank processes to ensure that adequate controls are in place to identify, monitor and control risk associated with the credit processes.
• Assist in documenting the Bank’s ICAAP processes to ensure that industry best practices are incorporated to identify, monitor and control pillar 1 & 2 risks and associated capital requirements.
• ESG& Climate Risk – Develop and monitor climate-related/ESG risk metrics at exposure, counterparty, and portfolio levels as well as develop stress test methodologies to test resilience to climate-related risks.
• Policies, procedures & related controls -Assist in reviewing credit related internal policies, procedures, new products & services, and make recommendations for enhancement of credit controls and risk mitigation as appropriate.
• Risk Assessment programs – Carry out periodic control sample testing reviews of credit/loan products and ensure that the policy requirements of the Credit Policy are complied with.
• Assist the Chief Risk Officer in drafting the Board Risk Committee quarterly reports on credit risk exposures and emerging trends.
• Risk monitoring, testing & curing – Work with Business and Credit Management Departments within the Bank to enhance the Bank’s and overall Group credit risk mitigation strategies and tools.
• Regulatory interaction & coordination – undertaking bank wide stress testing exercise and consolidating the quarterly stress testing report for timely submission to CBK
• Risk monitoring, testing & curing – Attend Bank meetings both internal and external from time to time including the Early and Late alert Credit risk meetings.
• Support the Chief Risk officer in drafting ALCO reports on a monthly basis/ as required including ad-hoc analysis of emerging risks/issues.
• Regulatory interaction & coordination – Conducting audits of credit related policies and compliance to standards, including liaison with internal and external auditors as and when required.
• Risk training & awareness- Providing support, education, and training to staff to build risk awareness within the organization in line with the annual RMD training plan.
• Support the Chief Risk Officer in keeping track of circulars and reports released by CBK, KBA, etc. to ensure bank’s compliance on credit related matters
• Ensure that there is Strict adherence to all regulations, statues, practices and procedures as per the relevant manuals and compliance with all the relevant external legislations and regulations

Skills, Competencies and Experience

The successful candidate will be required to have the following skills and competencies:

• Strict adherence to all regulations, statues, practices and procedures as per the relevant manuals and comply with all the relevant external legislations and regulations with regard to Compliance requirements.
• Ensure that as a staff member you actively contribute to the department/division attaining a “Satisfactory” rating in both internal and external audit by performing their role to the required standards and adhering to all internal processes and procedures as per relevant manuals, policies and regulations of the Bank.
• Risk Governance & Policy framework – Ensure that all risk management requirements are addressed and where necessary escalated through the available defined channels

If you are confident that you fit the role and person profile and you are keen to add value to your career, then please forward your application enclosing detailed Curriculum Vitae to jobs@co-opbank.co.ke indicating the job reference number before the close of business 25th September 2023.

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 HMR/CEO/2023

The Role

Specifically, the successful jobholder will be required to:

• Develop, document and review of all the relevant Market Risk and Derivative policies.
• Be responsible for the development and communication of the Market, Liquidity and Derivative Risk appetite and monitoring reports.
• Develop, monitor, report and review SLAs between Market Risk and its partner departments: Treasury, Foreign Treasury Services, Finance and Subsidiaries.
• Develop and prepare Market, Derivative Risk, and Liquidity Risk Stress test and presentation of the results.
• Coordinate the preparation of the pertinent market and derivative risk monitoring reports leveraging information sourced from Treasury, FTS, Finance,
• Corporate and Retail departments. Analyze these reports with the CRO and compile the pack for dispatch to the ALCO members for their review before the meetings.
• Daily monitor Co-op Bank Kenya and South Sudan Market Risk, Derivative Risk and Liquidity risk performance metrics/ratios against limits set under advice to senior management. The process will also involve giving recommendations in the form of scenarios to effectively manage market risk and revert liquidity back to normal in the event of breaches or anticipated breaches.
• Obtain exceptional approvals on potential breaches from Treasury or report limit breaches in accordance with the defined escalation hierarchies.
• Prepare the market risk, derivatives, and liquidity risk portion of the Board Risk Committee report for the consumption by the Board of Directors on a quarterly basis.
• Analyze and prepare Asset Liability Committee (ALCO) reports for Asset Liability Management (ALM) ad hoc or at least monthly.
  Follow up on issues raised in ALCO with the relevant business units to ensure resolution and provision of feedback to the committee.
  Monitor Compliance of Co-op bank Units (Co-opbank Kenya, Co-opbank South Sudan) with Market risk Liquidity Risk, Interest Rate risk, Investment Risk and Derivative Risk policies and related regulatory policy limits
• Review the daily FX MTM process and weekly Bonds MTM process and recording/accounting of the same within the Bank’s Trading Book.
• Administrative duties such as representing the unit In cross-functional business meetings provision of on job training to colleagues, preparation of process flows etc.
• In liaison with the Chief Risk Officer, regularly train bank staff on Market Risk, Liquidity Risk, Investment Risk and Derivative risk management.
• Provide leadership and coaching to the Market Risk staff in both Kenya and South Sudan.
• Attend relevant training on emerging trends and practices within Market and Derivative Risk fields.
• Network within the profession and relevant associations to keep abreast with the industry
• Coordinate assessment and promotion of internal controls and Market Risk management
• Carry out Market risk assessment reviews within the Bank and its subsidiaries.
• Provide support to the bank subsidiaries in development of market risk policy framework.

Skills, Competencies and Experience

The successful candidate will be required to have the following skills and competencies:

• Bachelor’s degree in Actuarial or related business field. Possession of a relevant Risk Management Professional qualification (such as ACI/ FRM/ PRM/ CFA) or relevant postgraduate professional qualification such as an MBA coupled with Actuarial, CPA or ACCA will be an added advantage.
• A minimum of 5 years overall banking experience gained preferably in either – Risk Management, Treasury ,Treasury Back Office.
• An understanding of ISDA/ CSAs Arrangements, Mark to Market (MTM) valuation of Securities, Margining, and FX related transactions, Fixed Income Securities and Derivatives will be an added advantage.
• Thorough knowledge of CBK prudential guidelines.
• Ability to clearly communicate strategy, plans and risks across the organization by developing business cases, presentations & stakeholder communications even with senior management.
• Strong analytic, logical reasoning, and problem solving skills.
• Ability to work well in a team, as well as manage multiple priorities in quick time frames.

If you are confident that you fit the role and person profile and you are keen to add value to your career, then please forward your application enclosing detailed Curriculum Vitae to jobs@co-opbank.co.ke indicating the job reference number before the close of business 25th September 2023.

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The Role

Specifically, the successful jobholder will be required to:

• Provide buyers with details of properties that fit their requirements in terms of price, size and location.
• Advise buyers on prices that they think the seller might consider and contact the sellers with details of any offers.
• Update existing and potential clients on Co-op Bank’s offering.
• Guide buyers on Mortgage applications, end to end process.
• Keep buyers informed, letting them know of progress and follow ups.
• Provide full sales pack to the client and assist in selection of unit/s.
• Guide on payment terms, issuing of offer letter and sale agreement.
• Coordinate and participate in organised bus tours and property visits.
• Carry out market activations within our target markets.

Skills, Competencies and Experience

The successful candidate will be required to have the following skills and competencies:

• A Diploma in Marketing and Sales.
• A Bachelor’s degree in real estate related field will be an added advantage.
• A minimum of 1-year experience in a similar environment.
• A good understanding and knowledge of the Kenyan Property Market.
• Excellent high quality interpersonal, analytical, communication and negotiation skills with the ability to network and strong business relations
• Good presentation skills

If you are confident that you fit the role and person profile and you are keen to add value to your career then please forward your application letter enclosing detailed Curriculum Vitae to jobs@co-opbank.co.ke indicating the job reference number CIBD/MF/2023 by 26th September 2023.

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Duties and Responsibilities

• General Manager of the Company and secretary to the Board.
• Charged with the responsibility of overseeing the proper implementation of all Company policies as directed by the board of directors.
• Administration of all the departments/functional units, all the branches and processing plant.
• Provides technical advice and operational feedback to the Company board of directors and sub-committees so as to assist them in the formulation of policies and regular review of the existing policies.
• Ensures that plans, regulations, procedures, rules, manuals, programmes, systems, controls and structures are in place for the smooth running of operations and attainment of the Company objectives.
• Develops appropriate organizational structures that will lead to optimum utilization of all Company resources.
• Effectively manage the human resource of the company according to company policies and existing labor laws; advise the board on recruitment and deployment; cultivate and encourage productivity and result oriented culture of the Company.
• Ensures existence and compliance of proper framework to analyse business results with a view to reviewing various strategies and/or effective control measures.
• Ensures that a system is in place to appraise actual staff job performance against set standards and that the results are utilized appropriately to improve the work standards and overall development of staff.
• Ensures that proper lending procedures are followed in the financial services activity (FSA) and that surplus funds are invested in a prudent manner.
• Ensures that the good image of the company is enhanced at all times by embracing customer care principles when dealing with the public.
• Oversees compliance and to authorize all Company transactions in accordance with the Company regulations. Rules and laws.
• Guides the Company on the proper utilization of the operations manuals and their review.
• Ensures maintenance of an up- to date inventory of the Company’s assets and liability (machines, equipment and fixtures).
• Ensures maintenance of the Company’s updated lists of shareholders/members.
• Ensure proper implementation of procurement and disposal policy.
• Supervises transactions in all Company bank accounts and monitors liquidity position to ensure adequate funds for members’ service.
• To keep abreast of all material undertakings of the Company and all material factors affecting the Company and to ensure that processes and systems are in place to ensure that the management are adequately informed.
• In concert with the Board Chairman, to determine the date, time and location of the annual general meeting and develop the agenda for the meeting
• Performs other duties assigned by the board of directors from time to time.

Qualifications

• A bachelor’s degree in a business-related field preferably accounting/finance, Economics, Business administration,
• 5 years’ experience in senior management role in a busy Manufacturing entity preferably in the dairy sector.
• Knowledge of finance, accounting, budgeting, and cost control principles including International Financial Reporting standards (IFRS)

Key Skills and Competencies

• Good Analytical skills- Synthesizes complex or diverse information; Collects and researches data;
• Excellent organization and interpersonal skills.
• Problem solving skills
• Knowledge on Project Management
• Must possess high degree of integrity.
• Strategic thinking and result oriented.
• Track record of good management and development skills.
• Ability to network with stakeholders.
• People Management skills

Interested and qualified applicants are requested to click on the link below and fill out the online application form and submit by 22nd September 2023. Any applications received after the closing date shall not be accepted.