Risk Manager (1Post) Job at Tanzania Women’s bank Limited in Tanzania

Tanzania Women’s Bank Ltd (TWB) is a bank established under the Company Act No. 212 of 2002 for the purpose of providing access to a full range of financial services for its customers, targeting mainly customers with low income comprising of small businesses, small and medium enterprises (SMEs) with special focus and emphasis on women entrepreneurs. We seek to recruit dynamic, honest, result oriented and committed persons to fill the following vacant positions.
Interested and suitably qualified individuals should visit our Website: www.womensbank.co.tz for more details and forward their applications enclosing a detailed CV and copies of professional certificates, name and address of two referees and submit/post hard copied to the below address by 19th May, 2011. Applications should be addressed to:

Managing Director;
Tanzania Women’s bank Limited;
Old Post Office, Mkwepu Street;
P.O.Box 72604;
Dar es Salaam.

Vacant Position at Head Office

Job Summary: Reporting to the Managing Director, the Job holder is responsible for managing other staff and establishing an integrated bank-wide framework for projecting, measuring, monitoring and controlling all aspects of risks to include; Credit Risk, Liquidity Risk, Reputation
TANZANIAWOMEN’SBANKLTD

Risk, Interest Risk, Investment Risk, Currency Risk, Market Risk, Capital Risk, Operational Risk and Legal Risk.

DUTIES AND RESPONSIBILITIES
Establish an integrated bank-wide framework for measuring, monitoring and controlling all aspects of risks to include: Credit Risk, Liquidity Risk, Reputation Risk, Interest Rate Risk, Investment Risk, Currency Risk, Market Risk, Capital Risk, Operational Risk and Legal Risk.
• Implement a set of risk measurements and reports including losses, incidents, key risk exposures and early warning indicators.
• Track and analyze general market information, trends and best practice for incorporation in the Bank’s risk management policies and framework.
• Gather internal information to identify, assess, monitor and control the risks.
• Establish internal benchmarks (parameters/limits) to evaluate and manage each of the risk indicators in the bank.
• Report the risks as well as internal trends development.
• Gather market information and developments on various risks for the purpose of documenting and using them in managing and evaluating the internal risks.
• Analyze general market information and assess impact on bank’s business and risk profiles.
• Advise on best practices to be followed by the bank.
• Report any noted deviations outside agreed parameters.
• May perform added administrative responsibilities as directed by Supervisor
• Identifying all high risk areas and formulating strategies for the purpose of mitigating with the potential risks identified in relation to banking operations;

• Review the TWB security procedures on financial and physical assets to ensure that the safety and security of all bank assets is maintained at all times;

• Review computerised information systems across departments to ensure potential aspects of fraud are identified and advise management on addressing the risks;

• Review TWB operating procedures to identify potential risk areas for fraud and advise management to address them;

• Evaluate risk cases referred for investigation by departmental heads or picked by audit and recommend on further investigations;

• Prepare plans and procedures for risks identification and assign them to investigation teams; Perform any other related duties as assigned by the Managing Director.

Required Knowledge and skills: A good knowledge of Finance, Banking and Accounting; Excellent Knowledge of Computer, Commercial Law, conversant with Bank Operations and Finance and Accounting Systems; good communication and interpersonal skills; and computer literate in standard computer applications. Knowledge on commercial law is an added advantage.

Qualifications: Holder of Advanced Degree in Finance or Economics or Accounting or equivalent with relevant experience in banking of at least 7 years. Having either CISA, Risk Management Certification, background of compliance and knowledge of fraud detection system e.g Proactive Risk Manager and intrusion detection systems is an added advantage.