Group Market Risk Manager – ()
Description
Job Purpose
To safeguard Equity Group Holdings Plc’s financial stability and support its strategic objectives, including the Africa Recovery and Resilience Plan (ARRP), by providing expert management of market and country risks across the Group and its subsidiaries. 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.
Job Responsibilities/ Accountabilities
•Develop, implement, and review market and country risk policies and frameworks for the Group and its subsidiaries to ensure robust risk governance.
•Monitor full compliance against established Risk standards/benchmarks and regulatory requirements including transaction monitoring, tracking risk & compliance matrix and review of reports sent to the regulator.
•Contribute to the implementation of the Enterprise Risk Management Framework (ERMF) to align risk management with Group-wide standards.
•Prepare and deliver comprehensive reporting and analysis on market, counterparty credit, country, and other relevant risk types, including Board and Group Asset and Liability Committee (GALCO) reports, to inform strategic decision-making.
•Conduct independent monitoring and oversight of the stop loss limits, VAR limits, counter party limits, country risk limits, rate tolerance limits and trader limits in the system
•Carry out independent price validation of all revaluation rates and ensure generally compliance of Treasury’s trading activities with internal policies, regulatory guidelines, market best practices and action exceptions related to trading losses, breaches of risk limits and other Bank policies and guidelines
•Generate and analyze daily risk exposure reports and validate weekly/monthly liquidity ratios and review of call over report to assess any exception transaction that would have taken place
•Analyze currency mismatch, duration, interest rate sensitive assets and liabilities, and review counterparty limits.
•Lead the development of Group risk initiatives to enhance risk management capabilities and support organizational objectives.
•Provide expert market, counterparty credit, and country risk support for products traded or proposed in treasury, investment banking, and other Group areas to facilitate safe and profitable operations.
•Build capacity within subsidiaries’ market risk departments through training, guidance, and resource support to strengthen Group-wide risk management.
•Proactively identify and mitigate potential market and country risk losses to protect the Group’s financial integrity.
•Perform, amalgamate, and consolidate scenario and stress testing under the ERMF to assess and prepare for potential risk events.
•Coordinate and participate in business partnership meetings to align risk management with business strategies and stakeholder needs.
•Conduct macroeconomic analysis to provide insights into regional and global trends, supporting risk assessments and strategic planning.
•Preparation of statutory Liquidity Coverage (LCR) and Net Stable Funding (NSFR) ratios of the bank – Basel III reporting.
•Perform other duties as assigned by immediate supervisor
Qualifications
Required Skills and Qualifications
•Bachelor’s degree in Statistics, Risk Management, Finance, Banking, Accounting, Mathematics, or a related field.
Professional qualifications such as ACI (ACI Financial Markets Association), FRM (Financial Risk Manager), or CFA (Chartered Financial Analyst).
•Additional certifications such as ISO 31000 Lead Risk Manager is an added advantage
•Minimum 7 years related areas within the financial services industry, 4 years in Market Risk experience
•Experience managing risks in multiple markets, with a focus on Africa, particularly East and Central Africa.
•Expertise in financial risk management, with a track record in policy development and regulatory compliance.
•Proven experience in team leadership, cross-functional collaboration, and supporting strategic initiatives like the ARRP.
