UBA Tanzania operates eight(8) branches in Dar es Salaam, Mwanza, Dodoma , Arusha and Rufiji, offering corporate commercial and retail banking services to customers across the country.
The function entails assisting with risk management supervision and management of strategic, credit, operational, and market risks, such as monitoring financial performance, executing risk management plans, and advising on risk-related problems. It maintains regulatory compliance, does stress tests, and handles breach reports. The function also includes credit risk policy formulation, risk assessment, exposure monitoring and reporting, audit follow-up, system risk monitoring, and the maintenance of risk appetite criteria for operational and market risk, including liquidity monitoring and reporting.
Key Performance Indicator:
Regulatory Compliance
Monthly or quarterly reporting of financial performance against the budget
Monthly and quarterly Stress Testing Reports
Daily Breach Monitoring and Timely Reporting, Escalation
Advisory Effectiveness: the effect of risk-related advice.
Management / Bank Adhere to credit risk rules and procedures
Credit Risk Assessment Accuracy and Feedback.
Percentage of credit exposures monitored and kept within acceptable levels.
Credit risk measurements and trend data are both timely and accurate.
Number of internal and regulatory violations reported and escalated.
The non-performing loan (NPL) ratio
Audit problems were resolved within the given period.
The completeness and sufficiency of KRLs were assessed and escalated.
The frequency of system and product risk assessments, as well as the reporting of events.
Risks reported fell under the risk appetite levels.
The frequency and severity of risk occurrences reported and resolved.
Complying with operational risk rules and best practices
Accuracy and thoroughness of daily forex deal capture
Timeliness and correctness of market risk positions, profit and loss statements, and limit breach reports
The frequency and scope of daily liquidity stress testing
Completeness and accuracy of market risk recording and reporting.
Qualifications:
Accounting, economics, computer science, or other related areas need a bachelor’s degree.
Operational risk experience in the financial services business.
Business product expertise, including a comprehension of financial operations.
Practical understanding of how to enter, access, and use network/system information for trend analysis and forecasting.
Excellent knowledge of treasury, its products, and risk-related aspects
Three years of experience working in a hectic financial setting would be beneficial.
ACI Dealing Certificate(s) will be an additional benefit.
Mode of Application:
Qualified candidates MUST send their CV & Cover Letter attached with all academic certificates.
All applications MUST be sent electronically through:
Email: recruitment.tanzania@ubagroup.com
Email subject: Application for RISK OFFICER OCTOBER 2024
Deadline: 27th October 2024
Kindly note that only shortlisted candidates will be contacted!
