Financial Risk Manager

HFC Limited, the banking and property finance subsidiary of HF Group, has an exciting opportunity in our Risk & Compliance Department. We are seeking a talented, dynamic, self-driven, and results-oriented individual who is committed to performance, excellence, and participating in our growth strategy.

• Ensure liquidity, foreign exchange, and interest rate risks are effectively identified, measured, monitored, and controlled.
• Provide independent assurance to senior management and business units that financial risks arising from the Bank's trading activities are appropriately managed and maintained within the approved risk appetite.
• Ensure regular and timely review and enhancement of market risk and liquidity policies, procedures, and manuals in line with regulatory and business requirements.

Deadline:

Category: Risk and Compliance

Subsidiary: HFC

Principle Accountabilities

• Assess and monitor risks inherent in Treasury and trading activities.
• Monitor and advise on the adequacy of the Bank's liquidity buffers, considering market risk factors and the prevailing macroeconomic environment
• Develop and maintain portfolio-based frameworks for measuring market risk across both banking and trading books.
• Establish and maintain liquidity and market risk registers.
• Perform monthly deposit, funding, liquidity gap, and concentration analyses, including preparation of liquidity and deposit reports
• Conduct Basel III liquidity assessments, including LCR, NSFR, and leverage ratio monitoring.
• Provide oversight of capital risk management, including regular ICAAP reviews; coordinate preparation of the ICAAP document, secure Board approval, and ensure timely submission to the Central Bank of Kenya.
• Review and enhance liquidity and market risk policies, procedures, and controls in line with regulatory and best practice requirements and recommend changes to be approved by management.
• Implement an integrated framework for measuring and monitoring market risks across the Bank.
• Identify and assess liquidity, foreign exchange, and interest rate risks and recommend appropriate mitigation measures.
• Analyze risk data to identify trends and support determination of market risk capital requirements.
• Monitor and ensure that all positions are accurately and regularly valued and that the portfolio is actively and effectively managed. This includes ensuring that:
• Trading positions are managed within approved trading desks and structures.
• Position limits are appropriately established, reviewed, and continuously monitored.
• Dealers operate within approved limits and in accordance with agreed trading strategies.
• All positions are marked to market on a regular basis.
• Trading positions and exposures are reported to senior management as an integral component of the Bank's risk management framework.
• Positions are continuously monitored using reliable and relevant market information sources.
• Review and evaluate counterparty limits.
• Prepare monthly liquidity and market risk reports for ALCO and timely reports for the Board Risk Committee.
• Conduct monthly liquidity, FX, credit, and interest rate stress testing and ensure timely submission of regulatory reports to ALCO and CBK.
• Undertake research and remain current on developments in liquidity and market risk management tools, techniques, and regulations.

Key Competencies and Skills

Skills And Competencies

• Strong knowledge of banking operations, financial regulations, IFRS, and Basel requirements
• Excellent analytical, data interpretation, and report-writing skills.
• Advanced proficiency in Microsoft Excel and other analytical tools.
• Strong communication and presentation skills.
• High standards of professionalism, integrity, and ethical conduct.
• Ability to work effectively in a collaborative, team-oriented environment.
• Demonstrated commitment to continuous professional development
• Creative and proactive approach to problem-solving.

Minimum Qualifications, Knowledge And Experience
Education

• Bachelor's degree in Finance, Economics, Accounting, Mathematics, or a related field.
• Professional qualifications such as FRM, CFA, CPA, or ACCA are an added advantage.

Experience

• Minimum of six (6) years' banking experience.
• At least three (3) years' experience in financial risk management.